4 ms·

Yeah, this kind of culture absolutely exists, but tbh I'd compare it to Reddit in that regard (hear me out): I don't particularly enjoy most of Reddit, and ther

by fab1an 5y ago

Yeah, this kind of culture absolutely exists, but tbh I'd compare it to Reddit in that regard (hear me out): I don't particularly enjoy most of Reddit, and there are some vile subreddits I'd avoid at all costs, BUT there are many communities and subreddits that I immensely enjoy hanging out in. That said, my entire "consumption" of web2 communities like Reddit (AND HN!) has honestly been replaced with the amazing and kind communities I met "on" web3 (a misnomer in that context, as the entire comms stack is Twitter and Discord). Unsurprisingly, the quality of Web3 communities IMO is inversely correlated to how much price-talk they engage in (e. g. in token-gated Discord servers).

PragmaticPulp 5y ago
> That said, my entire "consumption" of web2 communities like Reddit (AND HN!) has honestly been replaced with the amazing and kind communities I met "on" web3 (a misnomer in that context, as the entire comms stack is Twitter and Discord). So your "web3" consumption happens entirely on web 2.0? And its existence doesn't actually require anything web3 related? What makes it web3, other than the fact that maybe someone built a bot that requires NFT ownership to get into a Discord? Just the fact that people are talking about web3 in it?
- fab1an 5y ago
  A bunch of things, which also define what web3 means to me: - Yes, NFTs: just like most websites are crap, so are most NFTs, and the tulip bubble that has formed around them will eventually bust (but return in different ways...). What will IMO almost certainly remain is the significant paradigm shift on two aspects: 1. indisputable ownership of digital goods that unlock other things: logins to apps, usage of software, access to certain communities / social clubs. 2. A dramatic unbundling of the way software is designed and used. Entire game universes will be build in the NFT space that are permissionlessly composable. A game designer may take an character NFT and build a game around them. Take a look at Loot Project, the first of this kind. Corruption(s*) by Dom is my favorite here: https://twitter.com/fabianstelzer/status/1470525607104684032 https://twitter.com/fabianstelzer/status/1470525607104684032 - DAOs will profoundly change the way in which we work. Wrote an article here: https://www.daos.fm/blog/daos-and-the-civstack https://www.daos.fm/blog/daos-and-the-civstack Most NFT communities eventually become minimal DAOs as they often at some point pool a bunch of NFTs into a community wallet that they govern together. Sometimes for lols, sometimes to fund public goods - Permissionlessness may sound like a buzzword, but it's huge. I think the NFT space will move toward a CC0 model in many parts, which means that anyone can build on top of existing things and expand on a successful model with an existing community. - Most importantly, community, and this isn't fluff: consider this - most on chain tech is by definition open source and easily forkable - it's on a public chain! The differentiating factor for a project then is solely how well the community works, and how well its community is rewarded for helping the project out. Take the ENS (Ethereum Naming Service), which let's you shorten your ETH public key to a "domain.eth" one. They incorporated as a DAO and as a token of gratitude to their early adopters airdropped ENS tokens into every early users wallet. These tokens were immediately worth around 15k USD and instantly tradeable. Many didn't trade them but instead used them to vote for a delegate to represent them in the ENS DAO. It's mindblowing how fast the space moves.
  - evandwight 5y ago
    Minor correction: accessible source doesn't mean free to copy
  - ahahahahah 5y ago
    > most on chain tech is by definition open source and easily forkable - it's on a public chain This indicates that you are either disingenuous or ignorant. I could put any closed binary on a public chain, that doesn't somehow magically make it open source.
  - Aicy 5y ago
    >It's mindblowing how fast the space moves Your post almost reminds me of how "mind-blowing the space moves" pre-2008, the space being the mortgage debt derivatives matket. More and more complex derivatives that provide seemingly no value but allow the creators to make a lot of short term money by selling them.

by fab1an 5y ago

PragmaticPulp 5y ago

> That said, my entire "consumption" of web2 communities like Reddit (AND HN!) has honestly been replaced with the amazing and kind communities I met "on" web3 (a misnomer in that context, as the entire comms stack is Twitter and Discord). So your "web3" consumption happens entirely on web 2.0? And its existence doesn't actually require anything web3 related? What makes it web3, other than the fact that maybe someone built a bot that requires NFT ownership to get into a Discord? Just the fact that people are talking about web3 in it?

fab1an 5y ago
A bunch of things, which also define what web3 means to me: - Yes, NFTs: just like most websites are crap, so are most NFTs, and the tulip bubble that has formed around them will eventually bust (but return in different ways...). What will IMO almost certainly remain is the significant paradigm shift on two aspects: 1. indisputable ownership of digital goods that unlock other things: logins to apps, usage of software, access to certain communities / social clubs. 2. A dramatic unbundling of the way software is designed and used. Entire game universes will be build in the NFT space that are permissionlessly composable. A game designer may take an character NFT and build a game around them. Take a look at Loot Project, the first of this kind. Corruption(s*) by Dom is my favorite here: https://twitter.com/fabianstelzer/status/1470525607104684032 https://twitter.com/fabianstelzer/status/1470525607104684032 - DAOs will profoundly change the way in which we work. Wrote an article here: https://www.daos.fm/blog/daos-and-the-civstack https://www.daos.fm/blog/daos-and-the-civstack Most NFT communities eventually become minimal DAOs as they often at some point pool a bunch of NFTs into a community wallet that they govern together. Sometimes for lols, sometimes to fund public goods - Permissionlessness may sound like a buzzword, but it's huge. I think the NFT space will move toward a CC0 model in many parts, which means that anyone can build on top of existing things and expand on a successful model with an existing community. - Most importantly, community, and this isn't fluff: consider this - most on chain tech is by definition open source and easily forkable - it's on a public chain! The differentiating factor for a project then is solely how well the community works, and how well its community is rewarded for helping the project out. Take the ENS (Ethereum Naming Service), which let's you shorten your ETH public key to a "domain.eth" one. They incorporated as a DAO and as a token of gratitude to their early adopters airdropped ENS tokens into every early users wallet. These tokens were immediately worth around 15k USD and instantly tradeable. Many didn't trade them but instead used them to vote for a delegate to represent them in the ENS DAO. It's mindblowing how fast the space moves.
- evandwight 5y ago
  Minor correction: accessible source doesn't mean free to copy
- ahahahahah 5y ago
  > most on chain tech is by definition open source and easily forkable - it's on a public chain This indicates that you are either disingenuous or ignorant. I could put any closed binary on a public chain, that doesn't somehow magically make it open source.
- Aicy 5y ago
  >It's mindblowing how fast the space moves Your post almost reminds me of how "mind-blowing the space moves" pre-2008, the space being the mortgage debt derivatives matket. More and more complex derivatives that provide seemingly no value but allow the creators to make a lot of short term money by selling them.