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I've been kicking around the Ethereum community since the early days, and what people were calling "web3" back then is not what we have now. The original idea w
by DennisP 5y ago
I've been kicking around the Ethereum community since the early days, and what people were calling "web3" back then is not what we have now. The original idea was for everything to be hosted on IPFS or Swarm[1]. The latter was to be an Ethereum-native protocol similar to IPFS; it turned out to be harder than expected and hasn't gotten traction so far but it's still an active project. One of its goals was to enable payments for keeping files available.
Still, decentralized naming and digital signatures go a long way towards turning p2p filesharing into something more. I think it'll all come together eventually.
[1] https://www.ethswarm.org/ https://www.ethswarm.org/
- gfodor 5y agoExactly. It’s been weird seeing so many people who have lived through several technology curves failing to imagine where these current trends are pointing.
- kody 5y agoSo, the next wave of DRM
- throw_nbvc1234 5y agoWhat proportion of people who had the perspective/foresight to predict "several technology curves" (and potentially profit off of them) will waste their time fighting battles in the comments of hacker news threads about the potential next one?
- DennisP 5y agoIf they did it well enough, they might have plenty of time to waste. Just because you made a few good investments doesn't mean you have to dedicate every waking hour to making more of them.
- preseinger 5y agoWhat are some decentralized naming initiatives?
- NetOpWibby 5y agoHandshake is the one I’m most interested/invested in. - https://handshake.org https://handshake.org
- preseinger 5y agoWild! It's self-evident that you can't solve addressability with a blockchain, you can't get anywhere near the requisite scale. What am I missing?
- DennisP 5y agoOh, I dunno. From a quick google there are about half a billion registered domain names. Assume an average length of 20 bytes and that's just 10 gigabytes. An ETH address is also 20 bytes, so 20 GB total. Blockchains are already bigger than that. There are about 15 million new registrations per year, which is only one every two seconds. That's also easily within today's capabilities. Throw in rollups and data sharding, and names barely make an impact at all.
- preseinger 5y agoIt's not an issue of the amount of data, it's an issue of latency, both to query and to update. A reasonable latency budget for reads is single-digit milliseconds. A reasonable latency budget for writes is single- or double-digit seconds. You just can't do that in a global permissionless distributed system.
- DennisP 5y agoEthereum today does writes in double-digit seconds and reads in milliseconds.
- preseinger 5y agoNot measured from my laptop, it certainly doesn't. And those writes cost money.
- Animats 5y agoWhen you look for services that offer commercial IPFS, it turns out they're mostly reselling AWS with a markup. A big markup, like US $500/year for 400GB.
- terafo 5y agoWow. And that's in the world where you can get storage for 1.50$/TB/Month if you rent baremetal servers.
- nyuszika7h 5y agoJust what we need. As if AWS itself wasn't already expensive enough.