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web3 is not there yet but people are putting sincere efforts to get there. web3 is more open source than current centralised web, all contracts on blockchain c
by senthilnayagam 5y ago
web3 is not there yet but people are putting sincere efforts to get there.
web3 is more open source than current centralised web, all contracts on blockchain can be read and forked, all coins are open source. forking coins, contracts, communities are all happening, new leaders emerge and consensus build, but new use case emerge where people and their motivations differs, the cycle of forking starts again.
NFT content storage is not completely sorted out, many are now using IPFS, we need couple of more distributed alternatives.
- ojkelly 5y agoAre we comparing web3 to FAANG or tcp/http/etc. As the article describes at a protocol level web3 is definitively not more open, it's more centralised as opens you to noisy neighbours. At the application level it may enable finance to be decentralised, but that's only a small part of the web.
- tough 5y agoThere's also Filecoin too from the IPFS Protocol Labs. Also arweave is looking interesting.
- meltedcapacitor 5y agoFrom a cursory look Arweave is not looking interesting: it start with lies that it is censorship proof, but with a way to remove child porn and spam because lawyers, and then lies that a one time payment buys storage for eternity, of course not. I stopped looking for other lies from there. Really don't know why I bothered when there is the Andeersen Horowitz logo at the bottom of the page which tells you all you need to know, these guys would never fund anything that does not involve thinly disguised theft.