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A few web3 projects I think provide value. 1. Handshake This is decentralized root naming system. This is one of the most practical use of a blockchain where

by _3jh0 5y ago

A few web3 projects I think provide value. 1. Handshake This is decentralized root naming system. This is one of the most practical use of a blockchain where all records need to be public and verifiable. No need to depend on icann and registry owners for having a tld which you own. 2. Unlock This is membership protocol powered by nft. People can buy a nft and then for authorization, service provider can check whether the wallet has the nft and is valid. This way, nobody controls your membership and you can move them around the web as you like. They are all connected to a wallet you control. 3. Arweave Permanent storage using incentives and built on the idea of storage getting cheaper. Of course, this may not scale but I like the potential.

runeks 5y ago
> 3. Arweave > Permanent storage using incentives and built on the idea of storage getting cheaper. […] How does this compare to existing implementations of the same idea such as STORJ?
qaq 5y ago
Thx for highlighting this. If Handshake becomes a viable system it will def. serve as an important milestone for making web3 viable. Problem is this is not the type of project that is getting significant attention or funding.
- dystopiabreaker 5y ago
  ENS is an example of a project that is extant, working, and has a decent amount of funding (controlled democratically through a delegated token voting system). Here's my ENS record: https://app.ens.domains/name/suzuha.eth/details https://app.ens.domains/name/suzuha.eth/details also, my post is on arweave, one of the cryptoeconomic data availability layers mentioned on the post: https://3m44zon3blpnpjs3neglffbhqaibvuaeofkln2rd645dvky7cblq.arweave.net/2znMubsK3temW2kMspQngBAa0ARxVLbqI_c6OqsfEFc https://3m44zon3blpnpjs3neglffbhqaibvuaeofkln2rd645dvky7cblq...
  - qaq 5y ago
    I just to a quick look it seams pretty centralized in practice no? https://docs.ens.domains/permanent-registrar-faq https://docs.ens.domains/permanent-registrar-faq
    - dystopiabreaker 5y ago
      all of that functionality is mediated by on-chain evm bytecode
      - egeozcan 5y ago
        And if there is a logical error, what's the correction mechanism?
        magicjosh 5y ago
        The ENS DAO is responsible for changes to the protocol. There's a constitution, delegates, and proposals as tools for corrections. More info on the ENS Governance page: https://docs.ens.domains/v/governance/process https://docs.ens.domains/v/governance/process
  - deleted 5y ago
    [deleted]
  - _3jh0 5y ago
    What I like about handshake is that you can own the TLD. I own searchableguy/ top level domain. This is gated by ICANN right now and they charge huge fees for nothing.
  - egeozcan 5y ago
    > The claim site is now open: claim.ens.domains. > The ENS token contract is token.ensdao.eth: 0xC18360217D8F7Ab5e7c516566761Ea12Ce7F9D72 > Double check the website URL and contract address to avoid scams. > Users have until May 4th, 2022 to claim their tokens, after which any remaining tokens will be sent to the DAO treasury. Yeah of course. > https://3m44zon3blpnpjs3neglffbhqaibvuaeofkln2rd645dvky7cblq.arweave.net/2znMubsK3temW2kMspQngBAa0ARxVLbqI_c6OqsfEFc https://3m44zon3blpnpjs3neglffbhqaibvuaeofkln2rd645dvky7cblq... Is it me or this links to some JSON?
- bawolff 5y ago
  If a web3 project can't get funded now in the current craze, im pretty sure it never will.
runeks 5y ago
> 1. Handshake This is what Namecoin[1] tried to do using the Bitcoin blockchain ten years ago without success. This gets reinvented about every year on top of every new blockchain, and none of these implementations have proven useful yet. The main problem is that speculators become domain squatters, and buy all the popular domain names with the hope that they go up in price. [1] https://www.namecoin.org/dot-bit/ https://www.namecoin.org/dot-bit/
- bawolff 5y ago
  If only they also reinvented ICANN UDRP too... almost as if the existing structures, as flawed as they are, were created for a reason.
- _3jh0 5y ago
  > The main problem is that speculators become domain squatters, and buy all the popular domain names with the hope that they go up in price. This is the worst part about any web3 project. Though, there are some differences between namecoin, ens, and handshake. Handshake lets you register the TLD while ens, namecoin, etc are limited to domain on a single TLD. The potential number of combination of domain + tld is enormous comparatively. Secondly, handshake doesn't release all TLD at once. They are released slowly to stop speculators from gobbling up the initial supply. I do agree speculation is a huge problem which happens in normal ICANN world as well. So nothing to miss except I can own the TLD for which I don't need to pay over 200k USD with chance of getting rejected from ICANN and ongoing cost.
- CuriousSkeptic 5y ago
  > main problem is that speculators become domain squatters, and buy all the popular domain name I like the geo-libertarian approach to this. Said squatters should need to keep paying the market value of the resource in rent to remain in control of it. Thus removing the benefit of just squatting and require you to provide additional value on top of being the current owner to not lose money.
  - sdenton4 5y ago
    What keeps the name squatters from becoming landlords? Rent the name to those who want to use it at an inflated price to subsidize their other squats.
runeks 5y ago
> 2. Unlock > This is membership protocol powered by nft. […] How is this preferable to just having the client generate a local private key and authenticating using public key cryptography?
- _3jh0 5y ago
  You still need to store that data on somewhere to verify if someone owns a membership and whether it is valid though (memberships can expire). That data is stored on blockchain vs having a centralized database. Refer to an earlier comment for why having it public is useful. As for why people didn't use certificates till now, I don't know. I know they use wallet connect more which operates on the same principle but with existing adoption.
  - betterunix2 5y ago
    ...why do you have to have a peer-to-peer network managing a blockchain just to verify membership data? It would be simpler to just have whoever controls memberships sign a user's public key to indicate membership (and then you add some metadata for expirations/membership levels/etc.). A user seeking to assert membership presents that certificate and proves knowledge of the private key. Really though, I am not sure what problem is being solved here. Why do we need this in the first place? What is the attack scenario we are trying to address?
bawolff 5y ago
> This is membership protocol powered by nft. People can buy a nft and then for authorization, service provider can check whether the wallet has the nft and is valid. This way, nobody controls your membership and you can move them around the web as you like. Who is the boogey-man trying to control your site memberships? The site operator? I highly doubt this system is robust against site operators trying to "moderate" you, but supppse it was, why would they sign up for it? For an ecosystem originally built on keen insights on how to mix tech with incentive structures, web3 seems to have thrown that all out the window and replaced it with wishful thinking.
- _3jh0 5y ago
  > Who is the boogey-man trying to control your site memberships? The site operator? I highly doubt this system is robust against site operators trying to "moderate" you, but supppse it was, why would they sign up for it. People use centralized platforms like patreon for memberships. They can kick you off and you will lose all your subscribers. Your patrons will lose access as well. That is what unlock tries to solve. The membership data is stored on the blockchain publicly which everyone has equal access to. You can prove you own a particular nft stored on the blockchain by signing using your private key. So even if all data is public, authorization is secure and reliable.
  - bawolff 5y ago
    So its a really fancy way to make an immutable public back up? I mean i guess, but you could also just back up your subscribers list.
    - _3jh0 5y ago
      Here's the thing though. Let's say, I want to provide special benefit to people who own membership on hackernews. In the model where this data is public, I can query the wallet of people to check for HN nft and provide special discount or perks. If this membership data was privately backed up, I cannot do that. It fits nicely into the blockchain model, imo. Subscriber owns the membership and can prove to the service provider. Service provider has access to the membership and can check the validity.
UncleMeat 5y ago
> This is membership protocol powered by nft. People can buy a nft and then for authorization, service provider can check whether the wallet has the nft and is valid. This way, nobody controls your membership and you can move them around the web as you like. The service provider sure does. They can just decide to not let you use the service.

by _3jh0 5y ago

runeks 5y ago

> 3. Arweave > Permanent storage using incentives and built on the idea of storage getting cheaper. […] How does this compare to existing implementations of the same idea such as STORJ?

qaq 5y ago

Thx for highlighting this. If Handshake becomes a viable system it will def. serve as an important milestone for making web3 viable. Problem is this is not the type of project that is getting significant attention or funding.

dystopiabreaker 5y ago
ENS is an example of a project that is extant, working, and has a decent amount of funding (controlled democratically through a delegated token voting system). Here's my ENS record: https://app.ens.domains/name/suzuha.eth/details https://app.ens.domains/name/suzuha.eth/details also, my post is on arweave, one of the cryptoeconomic data availability layers mentioned on the post: https://3m44zon3blpnpjs3neglffbhqaibvuaeofkln2rd645dvky7cblq.arweave.net/2znMubsK3temW2kMspQngBAa0ARxVLbqI_c6OqsfEFc https://3m44zon3blpnpjs3neglffbhqaibvuaeofkln2rd645dvky7cblq...
- qaq 5y ago
  I just to a quick look it seams pretty centralized in practice no? https://docs.ens.domains/permanent-registrar-faq https://docs.ens.domains/permanent-registrar-faq
  - dystopiabreaker 5y ago
    all of that functionality is mediated by on-chain evm bytecode
    - egeozcan 5y ago
      And if there is a logical error, what's the correction mechanism?
      - magicjosh 5y ago
        The ENS DAO is responsible for changes to the protocol. There's a constitution, delegates, and proposals as tools for corrections. More info on the ENS Governance page: https://docs.ens.domains/v/governance/process https://docs.ens.domains/v/governance/process
- deleted 5y ago
  [deleted]
- _3jh0 5y ago
  What I like about handshake is that you can own the TLD. I own searchableguy/ top level domain. This is gated by ICANN right now and they charge huge fees for nothing.
- egeozcan 5y ago
  > The claim site is now open: claim.ens.domains. > The ENS token contract is token.ensdao.eth: 0xC18360217D8F7Ab5e7c516566761Ea12Ce7F9D72 > Double check the website URL and contract address to avoid scams. > Users have until May 4th, 2022 to claim their tokens, after which any remaining tokens will be sent to the DAO treasury. Yeah of course. > https://3m44zon3blpnpjs3neglffbhqaibvuaeofkln2rd645dvky7cblq.arweave.net/2znMubsK3temW2kMspQngBAa0ARxVLbqI_c6OqsfEFc https://3m44zon3blpnpjs3neglffbhqaibvuaeofkln2rd645dvky7cblq... Is it me or this links to some JSON?
bawolff 5y ago
If a web3 project can't get funded now in the current craze, im pretty sure it never will.

runeks 5y ago

> 1. Handshake This is what Namecoin[1] tried to do using the Bitcoin blockchain ten years ago without success. This gets reinvented about every year on top of every new blockchain, and none of these implementations have proven useful yet. The main problem is that speculators become domain squatters, and buy all the popular domain names with the hope that they go up in price. [1] https://www.namecoin.org/dot-bit/ https://www.namecoin.org/dot-bit/

bawolff 5y ago
If only they also reinvented ICANN UDRP too... almost as if the existing structures, as flawed as they are, were created for a reason.
_3jh0 5y ago
> The main problem is that speculators become domain squatters, and buy all the popular domain names with the hope that they go up in price. This is the worst part about any web3 project. Though, there are some differences between namecoin, ens, and handshake. Handshake lets you register the TLD while ens, namecoin, etc are limited to domain on a single TLD. The potential number of combination of domain + tld is enormous comparatively. Secondly, handshake doesn't release all TLD at once. They are released slowly to stop speculators from gobbling up the initial supply. I do agree speculation is a huge problem which happens in normal ICANN world as well. So nothing to miss except I can own the TLD for which I don't need to pay over 200k USD with chance of getting rejected from ICANN and ongoing cost.
CuriousSkeptic 5y ago
> main problem is that speculators become domain squatters, and buy all the popular domain name I like the geo-libertarian approach to this. Said squatters should need to keep paying the market value of the resource in rent to remain in control of it. Thus removing the benefit of just squatting and require you to provide additional value on top of being the current owner to not lose money.
- sdenton4 5y ago
  What keeps the name squatters from becoming landlords? Rent the name to those who want to use it at an inflated price to subsidize their other squats.

runeks 5y ago

> 2. Unlock > This is membership protocol powered by nft. […] How is this preferable to just having the client generate a local private key and authenticating using public key cryptography?

_3jh0 5y ago
You still need to store that data on somewhere to verify if someone owns a membership and whether it is valid though (memberships can expire). That data is stored on blockchain vs having a centralized database. Refer to an earlier comment for why having it public is useful. As for why people didn't use certificates till now, I don't know. I know they use wallet connect more which operates on the same principle but with existing adoption.
- betterunix2 5y ago
  ...why do you have to have a peer-to-peer network managing a blockchain just to verify membership data? It would be simpler to just have whoever controls memberships sign a user's public key to indicate membership (and then you add some metadata for expirations/membership levels/etc.). A user seeking to assert membership presents that certificate and proves knowledge of the private key. Really though, I am not sure what problem is being solved here. Why do we need this in the first place? What is the attack scenario we are trying to address?

bawolff 5y ago

> This is membership protocol powered by nft. People can buy a nft and then for authorization, service provider can check whether the wallet has the nft and is valid. This way, nobody controls your membership and you can move them around the web as you like. Who is the boogey-man trying to control your site memberships? The site operator? I highly doubt this system is robust against site operators trying to "moderate" you, but supppse it was, why would they sign up for it? For an ecosystem originally built on keen insights on how to mix tech with incentive structures, web3 seems to have thrown that all out the window and replaced it with wishful thinking.

_3jh0 5y ago
> Who is the boogey-man trying to control your site memberships? The site operator? I highly doubt this system is robust against site operators trying to "moderate" you, but supppse it was, why would they sign up for it. People use centralized platforms like patreon for memberships. They can kick you off and you will lose all your subscribers. Your patrons will lose access as well. That is what unlock tries to solve. The membership data is stored on the blockchain publicly which everyone has equal access to. You can prove you own a particular nft stored on the blockchain by signing using your private key. So even if all data is public, authorization is secure and reliable.
- bawolff 5y ago
  So its a really fancy way to make an immutable public back up? I mean i guess, but you could also just back up your subscribers list.
  - _3jh0 5y ago
    Here's the thing though. Let's say, I want to provide special benefit to people who own membership on hackernews. In the model where this data is public, I can query the wallet of people to check for HN nft and provide special discount or perks. If this membership data was privately backed up, I cannot do that. It fits nicely into the blockchain model, imo. Subscriber owns the membership and can prove to the service provider. Service provider has access to the membership and can check the validity.

UncleMeat 5y ago