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The only thing annoying about the term “web3” is that it downplays the eventual real-world impact of a lot of the capital innovations taking place. Personal la

by numair 5y ago

The only thing annoying about the term “web3” is that it downplays the eventual real-world impact of a lot of the capital innovations taking place. Personal lack of understanding doesn’t mean that something important isn’t taking place (which I am guessing is how you see things since it’s so disgusting to you). Every wave of capitalist innovation is filled with shameless promoters and wannabes, alongside the legitimate stuff... If that bothers you, the messy and chaotic nature of human progress might not be your thing.

jagger27 5y ago
"Capital innovations" is a great spin on business as usual VC control of capital.
ianbutler 5y ago
I'd love to understand more about these capital innovations. I've done multiple deep dives over the last year into the crypto space and I've come away with the idea that the tech is certainly interesting and that there is potential for it to alter our financial systems drastically but beyond that I haven't made much headway. Do you have any resources you could point me to so I can read up on the innovations you're speaking of?
- numair 5y ago
  https://vitalik.eth.limo https://vitalik.eth.limo is an excellent resource. You’ll see that his thinking, and the thinking of people like him, is a lot more advanced than the thought processes of the armchair experts who seem to have dedicated their lives to “exposing” this industry to be “one giant scam.” I can’t think of a better resource off the top of my head.
  - ianbutler 5y ago
    Thank you for that!
spaniard89277 5y ago
Hmmm, but what exactly is web3? I really struggle to understand. As far as I get is that some people wants to decentralice stuff, but I don't really see how is that going to happen. No offense but everything that has any relationship with "decentralization" or "blockchain" is fairly difficult to use. And even understanding them superficially is not trivial.
- BlueTemplar 5y ago
  It is, but it still has the potential to change the world : notice how it was the decentralized Internet and World Wide Web that succeeded, not the centralized Minitel. Or the changes brought (for better or worse) by peer to peer software. Or even how Netflix tries to put their servers in ISP server rooms. Or how Element(et al.)/Matrix is good enough now. Or open source software. Or how it was exactly around such a thing : git, that others built easier to use interfaces.

by numair 5y ago

jagger27 5y ago

"Capital innovations" is a great spin on business as usual VC control of capital.

ianbutler 5y ago

I'd love to understand more about these capital innovations. I've done multiple deep dives over the last year into the crypto space and I've come away with the idea that the tech is certainly interesting and that there is potential for it to alter our financial systems drastically but beyond that I haven't made much headway. Do you have any resources you could point me to so I can read up on the innovations you're speaking of?

numair 5y ago
https://vitalik.eth.limo https://vitalik.eth.limo is an excellent resource. You’ll see that his thinking, and the thinking of people like him, is a lot more advanced than the thought processes of the armchair experts who seem to have dedicated their lives to “exposing” this industry to be “one giant scam.” I can’t think of a better resource off the top of my head.
- ianbutler 5y ago
  Thank you for that!

spaniard89277 5y ago

Hmmm, but what exactly is web3? I really struggle to understand. As far as I get is that some people wants to decentralice stuff, but I don't really see how is that going to happen. No offense but everything that has any relationship with "decentralization" or "blockchain" is fairly difficult to use. And even understanding them superficially is not trivial.

BlueTemplar 5y ago
It is, but it still has the potential to change the world : notice how it was the decentralized Internet and World Wide Web that succeeded, not the centralized Minitel. Or the changes brought (for better or worse) by peer to peer software. Or even how Netflix tries to put their servers in ISP server rooms. Or how Element(et al.)/Matrix is good enough now. Or open source software. Or how it was exactly around such a thing : git, that others built easier to use interfaces.