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Not sure where you’re getting that statement from. The most important shift taking place right now is the massive increase in both capital velocity (speed at wh

by numair 5y ago

Not sure where you’re getting that statement from. The most important shift taking place right now is the massive increase in both capital velocity (speed at which it’s moving around) and capital diversity (whose money is being used) within crypto/web3 markets. Capitalist societies use capital — money — to accomplish things, so I’m not sure what someone who says “where we’re going we don’t need their money” is talking about...

cblconfederate 5y ago
hm well i m not sure if web1 or web2 needed that much money to take off ...
- 7steps2much 5y ago
  Remember that the internet was originally developed mostly as a military / university project. It got kick-started by quite a bit of money as well. Web 2.0 was arguably not as expensive, but then again you could also argue that it was not as big a step. If you think about it, web 2.0 is really just taking web 1.0 and adding a lot of fancy stuff like SPA, new fancy protocols and social media. Web 3.0 however, depending on which vision of the 3.0 you support, ranges from "just" another upgrade to a completely different thing than what we have today. And to make it quite simple: Completely different things are loads of work. Work means people need to dedicate their time to it, which means they need to be paid.
  - adventured 5y ago
    You're miscalculating by trillions of dollars of capital investment across Web 1.0 and Web 2.0. Data centers, research & development, operations, national infrastructure (eg telecom), chips & hardware, software (R&D to maintenance). Now climb inside any of those segments and walk the horizon of the businesses and costs and what was required to build out what eg semiconductors can do today, or what fiber can do today, or what networks can do today, or what harddrives can do today, or what GPUs can do today, and on and on and on and on it goes. Do a tally on Google's capital investment since 1998 (year by year and final tally), then tell me Web 2.0 wasn't as expensive; then do it for Apple, Microsoft, AWS, etc. It was drastically more expensive. Web 2.0 also includes China's Internet build-out era, and the global mobile build-out, I really don't need to say anything more than that given the scale everyone here knows we're talking about: Web 2.0 was massively more expensive than Web 1.0, by at least a magnitude globally. Web 1.0 was laughably trivial in cost compared to Web 2.0. It was petite, tiny, itsy bitsy small, versus scaling to billions of global users across all major economies, and shifting tens of trillions of dollars of GDP online. Just the entertainment wing of Web 2.0 is larger and more expensive than all of Web 1.0 combined.

by numair 5y ago

cblconfederate 5y ago

hm well i m not sure if web1 or web2 needed that much money to take off ...

7steps2much 5y ago
Remember that the internet was originally developed mostly as a military / university project. It got kick-started by quite a bit of money as well. Web 2.0 was arguably not as expensive, but then again you could also argue that it was not as big a step. If you think about it, web 2.0 is really just taking web 1.0 and adding a lot of fancy stuff like SPA, new fancy protocols and social media. Web 3.0 however, depending on which vision of the 3.0 you support, ranges from "just" another upgrade to a completely different thing than what we have today. And to make it quite simple: Completely different things are loads of work. Work means people need to dedicate their time to it, which means they need to be paid.
- adventured 5y ago
  You're miscalculating by trillions of dollars of capital investment across Web 1.0 and Web 2.0. Data centers, research & development, operations, national infrastructure (eg telecom), chips & hardware, software (R&D to maintenance). Now climb inside any of those segments and walk the horizon of the businesses and costs and what was required to build out what eg semiconductors can do today, or what fiber can do today, or what networks can do today, or what harddrives can do today, or what GPUs can do today, and on and on and on and on it goes. Do a tally on Google's capital investment since 1998 (year by year and final tally), then tell me Web 2.0 wasn't as expensive; then do it for Apple, Microsoft, AWS, etc. It was drastically more expensive. Web 2.0 also includes China's Internet build-out era, and the global mobile build-out, I really don't need to say anything more than that given the scale everyone here knows we're talking about: Web 2.0 was massively more expensive than Web 1.0, by at least a magnitude globally. Web 1.0 was laughably trivial in cost compared to Web 2.0. It was petite, tiny, itsy bitsy small, versus scaling to billions of global users across all major economies, and shifting tens of trillions of dollars of GDP online. Just the entertainment wing of Web 2.0 is larger and more expensive than all of Web 1.0 combined.