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And that's one of Moxie's points: how exactly is web3 supposed to be avoiding the centralization that occurred on the web, when it's already at that point.

by pavlov 5y ago

PretzelPirate 5y ago
Ethereum light clients will make it trivial to verify the state of the blockchain and interact with it without also having to store the entire blockchain. The nice thing is that you can depend on Infura for now, but if they ever attempt to be dishonest, you can easily switch to hosting your own node or light client. The cost of moving away from these centralized services is pretty low.
- gen220 5y ago
  I think this is “the point”. This is like saying you can switch away from GMail by running your own mail server. People don’t want to run their own mail server. Will the ethereum light client run in metamask with no configuration? I’m afraid anything short of that is too heavy.
  - kristofferR 5y ago
    Yeah, you just change the RPC URL: https://docs.metamask.io/guide/rpc-api.html https://docs.metamask.io/guide/rpc-api.html
    - gen220 5y ago
      I don’t think changing the RPC URL exec’s an ethereum light client. Extending the mail server analogy, updating the MX record does not exec a mail server.
      - CryptoPunk 5y ago
        He's saying that configuring MetaMask to work with a light client is as easy as changing the RPC URL. The light client still needs to be installed/configured separately. Ideally, as Moxie suggested, MetaMask itself integrates a light client into its wallet, so that it becomes the default configuration.
  - clippablematt 5y ago
    The idea of light clients is they will be bundled inside of apps/websites/extensions. So yes running a light client will be easy because it’s just happening in the background of the app, replacing the api hopping we do now with direct call/response to the chain. So for metamask they would replace the calls to infura with a light client instead. Easy. They’re probably a year away from adoption, this year will accelerate development as it’s something lots of us want.
- matheusmoreira 5y ago
  I don't think that's a reality yet though. ETH 2.0 hasn't happened yet.
pshc 5y ago
It’s not the same as web2. These web3 frontends don’t have moats or lock-in like Facebook or Google, because they don’t actually control the data. The data they serve is all from public ledgers. You can switch off of Infura in a second by changing your RPC url.
- Swizec 5y ago
  The problem is that they control distribution – the only thing that matters. You don't need to own the data if you own the eyeballs/mindshare. For example: Spotify doesn't own any music copyrights, yet they own 32% of the music streaming market. The second best is Apple at 16% ... which also doesn't own any of the music. https://www.statista.com/statistics/653926/music-streaming-service-subscriber-share/ https://www.statista.com/statistics/653926/music-streaming-s...
  - CuriousCosmic 5y ago
    It's a little different than Spotify. Spotify still controls the means of distribution while the data sources for "web3" are public/decentralised (in most but not all cases). Rather I'd compare it to Google Search and AMP. The data is still accessible and there are alternatives (manually routing to the sites themselves or using other search engines) however the main path to the data is gatekept by a centralised source (Google) which is routing all the requests through their servers (AMP) instead of using the underlying protocol. It's still a severe issue but it's a much simpler solution to simply build competitors for a tool accessing an open platform than it is to build a new platform entirely.
  - pshc 5y ago
    Yes, web2 incumbents control data and they control distribution. I agree with you there! aside; sometimes I feel like I’m taking crazy pills because for the last decade or so on HN we’ve been talking about how Big Tech has monopoly control over everything, how they’ve destroyed privacy and monetized eyeballs and engagement to the fullest. And now that a potential decentralized competitor is emerging, the kneejerk reaction is “why not just keep using <monopolistic centralized surveillance ad platform>”? (I understand why, cryptocurrency is the whipping boy of the week, and it’s full of scammers, I get it! But I’m not going to pretend I’m happy with the existing crop of centralized services.)
matheusmoreira 5y ago
I think it's good to remember that bitcoin and ethereum were the very first cryptocurrencies. They are flawed, bitcoin in particular failed at everything it was idealized to be and will probably never improve. Ethereum seems to be moving forward at least. Slowly, but still.
mattwilsonn888 5y ago
The fact that a problem exists doesn't mean it can't be solved, but any solution which does not go deep enough to address why Ethereum nodes are centralized is simply hype.

And that's one of Moxie's points: how exactly is web3 supposed to be avoiding the centralization that occurred on the web, when it's already at that point.

by pavlov 5y ago

And that's one of Moxie's points: how exactly is web3 supposed to be avoiding the centralization that occurred on the web, when it's already at that point.

PretzelPirate 5y ago

Ethereum light clients will make it trivial to verify the state of the blockchain and interact with it without also having to store the entire blockchain. The nice thing is that you can depend on Infura for now, but if they ever attempt to be dishonest, you can easily switch to hosting your own node or light client. The cost of moving away from these centralized services is pretty low.

gen220 5y ago
I think this is “the point”. This is like saying you can switch away from GMail by running your own mail server. People don’t want to run their own mail server. Will the ethereum light client run in metamask with no configuration? I’m afraid anything short of that is too heavy.
- kristofferR 5y ago
  Yeah, you just change the RPC URL: https://docs.metamask.io/guide/rpc-api.html https://docs.metamask.io/guide/rpc-api.html
  - gen220 5y ago
    I don’t think changing the RPC URL exec’s an ethereum light client. Extending the mail server analogy, updating the MX record does not exec a mail server.
    - CryptoPunk 5y ago
      He's saying that configuring MetaMask to work with a light client is as easy as changing the RPC URL. The light client still needs to be installed/configured separately. Ideally, as Moxie suggested, MetaMask itself integrates a light client into its wallet, so that it becomes the default configuration.
- clippablematt 5y ago
  The idea of light clients is they will be bundled inside of apps/websites/extensions. So yes running a light client will be easy because it’s just happening in the background of the app, replacing the api hopping we do now with direct call/response to the chain. So for metamask they would replace the calls to infura with a light client instead. Easy. They’re probably a year away from adoption, this year will accelerate development as it’s something lots of us want.
matheusmoreira 5y ago
I don't think that's a reality yet though. ETH 2.0 hasn't happened yet.

pshc 5y ago

It’s not the same as web2. These web3 frontends don’t have moats or lock-in like Facebook or Google, because they don’t actually control the data. The data they serve is all from public ledgers. You can switch off of Infura in a second by changing your RPC url.

Swizec 5y ago
The problem is that they control distribution – the only thing that matters. You don't need to own the data if you own the eyeballs/mindshare. For example: Spotify doesn't own any music copyrights, yet they own 32% of the music streaming market. The second best is Apple at 16% ... which also doesn't own any of the music. https://www.statista.com/statistics/653926/music-streaming-service-subscriber-share/ https://www.statista.com/statistics/653926/music-streaming-s...
- CuriousCosmic 5y ago
  It's a little different than Spotify. Spotify still controls the means of distribution while the data sources for "web3" are public/decentralised (in most but not all cases). Rather I'd compare it to Google Search and AMP. The data is still accessible and there are alternatives (manually routing to the sites themselves or using other search engines) however the main path to the data is gatekept by a centralised source (Google) which is routing all the requests through their servers (AMP) instead of using the underlying protocol. It's still a severe issue but it's a much simpler solution to simply build competitors for a tool accessing an open platform than it is to build a new platform entirely.
- pshc 5y ago
  Yes, web2 incumbents control data and they control distribution. I agree with you there! aside; sometimes I feel like I’m taking crazy pills because for the last decade or so on HN we’ve been talking about how Big Tech has monopoly control over everything, how they’ve destroyed privacy and monetized eyeballs and engagement to the fullest. And now that a potential decentralized competitor is emerging, the kneejerk reaction is “why not just keep using <monopolistic centralized surveillance ad platform>”? (I understand why, cryptocurrency is the whipping boy of the week, and it’s full of scammers, I get it! But I’m not going to pretend I’m happy with the existing crop of centralized services.)

matheusmoreira 5y ago

I think it's good to remember that bitcoin and ethereum were the very first cryptocurrencies. They are flawed, bitcoin in particular failed at everything it was idealized to be and will probably never improve. Ethereum seems to be moving forward at least. Slowly, but still.

mattwilsonn888 5y ago

The fact that a problem exists doesn't mean it can't be solved, but any solution which does not go deep enough to address why Ethereum nodes are centralized is simply hype.