5 ms·

Isn't it the whole selling point of "web3" that it belongs to the users and not VCs and billionaires?

by rhinoceraptor 5y ago

giantrobot 5y ago
That's the selling point, not the truth.
- bb88 5y ago
  So would this be a form of "virtue signaling"?
  - aaronbrethorst 5y ago
    There’s nothing virtuous about any of this garbage.
    - bb88 5y ago
      Exactly!
  - fallingknife 5y ago
    It absolutely can be. Similar at least. Companies that have nothing to do with this market are shoehorning in "crypto", "web3", and "defi" projects and announcements just to go with the trend and look good to VC's. Like "AI" and "machine learning" from a few years back. In this case it isn't really "virtue signalling" since there's no moral position involved, but it's a similar form of market signaling.
    - bb88 5y ago
      There's definitely a lack of moral concern involved in web3 -- which in and of itself is a moral position. Solving the crime aspect seems to be the lowest priority problem.
  - anonporridge 5y ago
    No. Marketing fraud.
tbabb 5y ago
And that's the biggest doublespeak lie about it. The web is already open and decentralized by its very design, and that openness and decentralization is a major reason for its incredible success. Web3 people want that stuff not to work. They want you to be unable to right-click save. You can already openly save, modify, and share images. Web3 people want to lock it down and charge you for memes. It is the biggest, greediest grift in recent memory. If you are working on this, don't be fooled by all the empty words about "decentralization"; you are working on DRM for giant hedge funds who are trying to take over and own the entire web. Its current openness is their enemy.
- anonporridge 5y ago
  Meh. There's some logic to that. People tend to work harder to create interesting things if they get to have a chance to generate wealth from that work. But the nature of web3 now really doesn't fulfill that vision.
- spamizbad 5y ago
  Yup. Web3 is basically trying to sell people DRM for web culture.
- austincheney 5y ago
  The web is highly centralized. For example there can be only one facebook.com domain and you need an account to do anything in that walled garden. With an account they will stalk you to death because are the product, not the user. If it were decentralized then why would I need to go their servers to access my content or the content of my friends. Why don’t I just connect directly to my friend, not through some third party content server, and pull the desired content directly off my friends hard drive? That’s decentralized. Social media is not. The web gave this up long ago for advertising revenue.
  - jjulius 5y ago
    >The web is highly centralized. For example there can be only one facebook.com domain and you need an account to do anything in that walled garden. With an account they will stalk you to death because are the product, not the user. Facebook is not "the web". You can opt out of that walled garden and go elsewhere on the web if you want. >If it were decentralized then why would I need to go their servers to access my content or the content of my friends. Why don’t I just connect directly to my friend, not through some third party content server, and pull the desired content directly off my friends hard drive? That’s decentralized. Social media is not. Because you and your friends choose to host your content on their servers. If it's that important to share something with your friends, spin up your own website for your friend group. Don't wanna do that? Then get a NAS and show them how to log into it to see your photos. There are countless ways for you to share stuff with your friends that doesn't involve using Facebook, social media or walled gardens. Hell, by virtue of the web being the web, you can "connect directly to [your] friend, not through some third party content server, and pull the desired content directly off of [your] friends hard drive". SSH, baby! The web remains decentralized, but everyone chooses to remain in walled gardens.
dralley 5y ago
The "selling" point of web3 is that it turns the users themselves into VCs and promises them if they buy in early on something that takes off, they'll get rich. Like if the first 100,000 users of Facebook or Uber got a share of the company. In practice this basically just incentivizes users to treat web3 projects as if they were a MLM schemse and sell them as hard as possible to anyone who will listen. Plenty of people like this setup for obvious reasons, but it's virtually indistinguishable from a pyramid scheme wrapped in a layer of technical jargon. https://www.bloomberg.com/opinion/articles/2022-01-19/washing-web3 https://www.bloomberg.com/opinion/articles/2022-01-19/washin...
newbie789 5y ago

Isn't it the whole selling point of "web3" that it belongs to the users and not VCs and billionaires?

giantrobot 5y ago

That's the selling point, not the truth.

bb88 5y ago
So would this be a form of "virtue signaling"?
- aaronbrethorst 5y ago
  There’s nothing virtuous about any of this garbage.
  - bb88 5y ago
    Exactly!
- fallingknife 5y ago
  It absolutely can be. Similar at least. Companies that have nothing to do with this market are shoehorning in "crypto", "web3", and "defi" projects and announcements just to go with the trend and look good to VC's. Like "AI" and "machine learning" from a few years back. In this case it isn't really "virtue signalling" since there's no moral position involved, but it's a similar form of market signaling.
  - bb88 5y ago
    There's definitely a lack of moral concern involved in web3 -- which in and of itself is a moral position. Solving the crime aspect seems to be the lowest priority problem.
- anonporridge 5y ago
  No. Marketing fraud.

tbabb 5y ago

And that's the biggest doublespeak lie about it. The web is already open and decentralized by its very design, and that openness and decentralization is a major reason for its incredible success. Web3 people want that stuff not to work. They want you to be unable to right-click save. You can already openly save, modify, and share images. Web3 people want to lock it down and charge you for memes. It is the biggest, greediest grift in recent memory. If you are working on this, don't be fooled by all the empty words about "decentralization"; you are working on DRM for giant hedge funds who are trying to take over and own the entire web. Its current openness is their enemy.

anonporridge 5y ago
Meh. There's some logic to that. People tend to work harder to create interesting things if they get to have a chance to generate wealth from that work. But the nature of web3 now really doesn't fulfill that vision.
spamizbad 5y ago
Yup. Web3 is basically trying to sell people DRM for web culture.
austincheney 5y ago
The web is highly centralized. For example there can be only one facebook.com domain and you need an account to do anything in that walled garden. With an account they will stalk you to death because are the product, not the user. If it were decentralized then why would I need to go their servers to access my content or the content of my friends. Why don’t I just connect directly to my friend, not through some third party content server, and pull the desired content directly off my friends hard drive? That’s decentralized. Social media is not. The web gave this up long ago for advertising revenue.
- jjulius 5y ago
  >The web is highly centralized. For example there can be only one facebook.com domain and you need an account to do anything in that walled garden. With an account they will stalk you to death because are the product, not the user. Facebook is not "the web". You can opt out of that walled garden and go elsewhere on the web if you want. >If it were decentralized then why would I need to go their servers to access my content or the content of my friends. Why don’t I just connect directly to my friend, not through some third party content server, and pull the desired content directly off my friends hard drive? That’s decentralized. Social media is not. Because you and your friends choose to host your content on their servers. If it's that important to share something with your friends, spin up your own website for your friend group. Don't wanna do that? Then get a NAS and show them how to log into it to see your photos. There are countless ways for you to share stuff with your friends that doesn't involve using Facebook, social media or walled gardens. Hell, by virtue of the web being the web, you can "connect directly to [your] friend, not through some third party content server, and pull the desired content directly off of [your] friends hard drive". SSH, baby! The web remains decentralized, but everyone chooses to remain in walled gardens.

dralley 5y ago

The "selling" point of web3 is that it turns the users themselves into VCs and promises them if they buy in early on something that takes off, they'll get rich. Like if the first 100,000 users of Facebook or Uber got a share of the company. In practice this basically just incentivizes users to treat web3 projects as if they were a MLM schemse and sell them as hard as possible to anyone who will listen. Plenty of people like this setup for obvious reasons, but it's virtually indistinguishable from a pyramid scheme wrapped in a layer of technical jargon. https://www.bloomberg.com/opinion/articles/2022-01-19/washing-web3 https://www.bloomberg.com/opinion/articles/2022-01-19/washin...

newbie789 5y ago