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Web3 and the 4th industrial revolution are just marketing phrases. Web3 is just web2 with a different focus. it's not decentralised, it runs on web2 stacks, it

Web3 and the 4th industrial revolution are just marketing phrases. Web3 is just web2 with a different focus. it's not decentralised, it runs on web2 stacks, it does none of the thing it purports. Just like the lack of any real revolution in this supposed 4th iteration

pupdogg 5y ago
lol, especially when you couple that with "Hackers steal $320 million in wETH cryptocurrency from Wormhole DeFi project"
knownjorbist 5y ago
I'm sorry but this take is pure ignorance. https://www.psl.com/feed-posts/web3-engineer-take https://www.psl.com/feed-posts/web3-engineer-take
- pupdogg 5y ago
  As a web dev since 1996 and having lived through the entire revolution of web0.0, web1.0, and web2.0, I'm going to side with @smokey_circles here!
  - knownjorbist 5y ago
    That's a symptom of the poor signal-to-noise ratio in the space, not that it's a correct assertion. The cypherpunk thing is happening now, not in the 90s like you might have hoped. It's startling to me how poorly received it is on HN from people who would ostensibly be a part of it otherwise.
    - AnIdiotOnTheNet 5y ago
      The signal-to-noise ratio is a symptom of there not really being any significant signal to begin with. You keep posting vague statements about how valuable the technology is but haven't shown any examples of how it is doing anything useful that isn't a) a hype-to-money scheme, or b) easily replaceable by existing technologies, as far as I can tell.
      - pcthrowaway 5y ago
        I'm reminded of this bit from Bill Gates on David Letterman's show, ~1995 “Late Show with David Letterman” clip courtesy of David Letterman “What the hell is [the internet] exactly?” Letterman asks Gates. “A place where people can publish information. They can have their own homepage, companies are there, the latest information,” Gates says. “It’s wild what’s going on.” Letterman wasn’t sold. “I heard you could watch a live baseball game on the internet and I was like, does radio ring a bell?” Letterman says.* Gates said unlike with radio, the internet would allow users to watch a baseball game whenever they wanted instead of live. ″[Do] tape recorders ring a bell?” Letterman asks.
        AnIdiotOnTheNet 5y ago
        I see what you're saying, but really the problem there is that Gates didn't even really get the internet (Microsoft was famously late to the party) and was a poor evangelist for it as a result. He wasn't good at explaining its benefits and Letterman was rightly skeptical. I'd have asked the same questions and I had used the internet in 1995! There are a lot of people promoting Web3 who can't explain why it is any good in such a way that anyone can see the potential. That's on them, not the skeptics. If there is actually some real value to the concept, then someone out there should be able to explain it. And if that's impossible but the benefits are real, then who cares? It'll eventually make its value clear just like the internet eventually did and why care about that now? Oh right... because the scam doesn't work without the FOMO part.
        exdsq 5y ago
        I was skeptical when someone explained Ethereum to me in 2015, and a friend told me to invest in crypto in 2014 when Bitcoin dropped from $1,000 to $300. I looked at it again in 2017 and found cross-border payments an attractive proposition and started paying more attention to the space. Started working full time on blockchain projects on 2019. I’m still skeptical of a lot of projects that come out but there is something there. Programmable money is really interesting. Random things I’d like to do, such as buying a gamertag for my Xbox account that’s already taken from a stranger, suddenly have viable solutions. Atomic transactions allow pretty interesting things too - imagine payments like SQL transactions where your own custom logic has to be met for the transaction to occur. The issue is it’s still a really new, complicated, and fast evolving domain. It is really hard to convey years and years of skepticism turned understanding to someone in a comment on the internet.
015a 5y ago
What is your response to the argument that, at its core, Web2 is just HTML, CSS, and JavaScript? That's all Web1 tech. Does Web2 deserve the same criticism you levy against Web3, for standing on the shoulders of giants? Or, is this just how progress works?
immibis 5y ago
And web2 is just web1 with JavaScript. And web is just internet document viewers. And internet is just computers with cables. And computers are just high speed idiots.

pupdogg 5y ago

lol, especially when you couple that with "Hackers steal $320 million in wETH cryptocurrency from Wormhole DeFi project"

knownjorbist 5y ago

I'm sorry but this take is pure ignorance. https://www.psl.com/feed-posts/web3-engineer-take https://www.psl.com/feed-posts/web3-engineer-take

pupdogg 5y ago
As a web dev since 1996 and having lived through the entire revolution of web0.0, web1.0, and web2.0, I'm going to side with @smokey_circles here!
- knownjorbist 5y ago
  That's a symptom of the poor signal-to-noise ratio in the space, not that it's a correct assertion. The cypherpunk thing is happening now, not in the 90s like you might have hoped. It's startling to me how poorly received it is on HN from people who would ostensibly be a part of it otherwise.
  - AnIdiotOnTheNet 5y ago
    The signal-to-noise ratio is a symptom of there not really being any significant signal to begin with. You keep posting vague statements about how valuable the technology is but haven't shown any examples of how it is doing anything useful that isn't a) a hype-to-money scheme, or b) easily replaceable by existing technologies, as far as I can tell.
    - pcthrowaway 5y ago
      I'm reminded of this bit from Bill Gates on David Letterman's show, ~1995 “Late Show with David Letterman” clip courtesy of David Letterman “What the hell is [the internet] exactly?” Letterman asks Gates. “A place where people can publish information. They can have their own homepage, companies are there, the latest information,” Gates says. “It’s wild what’s going on.” Letterman wasn’t sold. “I heard you could watch a live baseball game on the internet and I was like, does radio ring a bell?” Letterman says.* Gates said unlike with radio, the internet would allow users to watch a baseball game whenever they wanted instead of live. ″[Do] tape recorders ring a bell?” Letterman asks.
      - AnIdiotOnTheNet 5y ago
        I see what you're saying, but really the problem there is that Gates didn't even really get the internet (Microsoft was famously late to the party) and was a poor evangelist for it as a result. He wasn't good at explaining its benefits and Letterman was rightly skeptical. I'd have asked the same questions and I had used the internet in 1995! There are a lot of people promoting Web3 who can't explain why it is any good in such a way that anyone can see the potential. That's on them, not the skeptics. If there is actually some real value to the concept, then someone out there should be able to explain it. And if that's impossible but the benefits are real, then who cares? It'll eventually make its value clear just like the internet eventually did and why care about that now? Oh right... because the scam doesn't work without the FOMO part.
        exdsq 5y ago
        I was skeptical when someone explained Ethereum to me in 2015, and a friend told me to invest in crypto in 2014 when Bitcoin dropped from $1,000 to $300. I looked at it again in 2017 and found cross-border payments an attractive proposition and started paying more attention to the space. Started working full time on blockchain projects on 2019. I’m still skeptical of a lot of projects that come out but there is something there. Programmable money is really interesting. Random things I’d like to do, such as buying a gamertag for my Xbox account that’s already taken from a stranger, suddenly have viable solutions. Atomic transactions allow pretty interesting things too - imagine payments like SQL transactions where your own custom logic has to be met for the transaction to occur. The issue is it’s still a really new, complicated, and fast evolving domain. It is really hard to convey years and years of skepticism turned understanding to someone in a comment on the internet.

015a 5y ago

What is your response to the argument that, at its core, Web2 is just HTML, CSS, and JavaScript? That's all Web1 tech. Does Web2 deserve the same criticism you levy against Web3, for standing on the shoulders of giants? Or, is this just how progress works?

immibis 5y ago

And web2 is just web1 with JavaScript. And web is just internet document viewers. And internet is just computers with cables. And computers are just high speed idiots.