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> literally an article about having fun staying poor And here it is. When the technical merits of “web3” fail to illicit genuine change (networks effects are p
by uncomputation 5y ago
> literally an article about having fun staying poor
And here it is. When the technical merits of “web3” fail to illicit genuine change (networks effects are powerful and matter [0]), its advocates fall back on the “get in or stay out” mentality, which is frankly a red flag for a supposedly technical project.
> could just as easily be steered into "how to improve the concept of Web3"
If web3 cannot sustain itself due to its technical merits and if there clearly are centralized effects at work here, then every person brought in with the threat that they better help out or “stay poor” (a truly disgusting phrase) is just another brick in the pyramid, another dollar to VCs. Just admit you are trying to coerce free labor to prop up your own bags.
Many are not impressed by the so called merits of web3 for good reason.
> Run your own node
Literally, in Satoshi’s original white paper in 2008, he pointed out that running a node is prohibitive and could result in centralization over time, which is exactly why he coined SPV (simple payment verification) (aka light clients).
> [OpenSea] is a GUI ontop of their smart contracts (public access backend code)
Blatantly false. OpenSea can and has taken down various tokens minted on their platform for reasons ranging from copyright infringement to sanctions compliance (Iran is the only country I am familiar with at the time). You can mint an NFT without OpenSea but to say that you can just use OpenSea’s “backend code” without their consent is false.
> There is an opportunity to inspire people with the tools to…
This crypto grift talk is frustrating, dishonest, and hand-wave-y coming from the cypherpunks to what we have now. Cryptocurrency and the space around it was never about “inspiration,” but about liberation and action. We don’t need to be inspired, we need to be empowered.
[^0]: Coinbase complies with sanctions. OpenSea removes artwork. MetaMask uses Infura as an RPC so any NFT removed on OpenSea will not show up in MetaMask wallets (using default RPC). Bridge hacks result in many accounts losing their money unless saved by an injection of VC funding, completely defeating the “be your own bank” mentality. Centralized platforms extreme usage relative to the rest of the network (Uniswap, OpenSea, MetaMask) result in high gas prices for everyone else. Billionaires like Justin Sun Tron can take out massive loans to influence distributed governance like he did for the Compound vote on collateral rates.
- vmception 5y ago> And here it is. When the technical merits of “web3” fail to illicit genuine change (networks effects are powerful and matter [0]), its advocates fall back on the “get in or stay out” mentality, which is frankly a red flag for a supposedly technical project. Interesting thing to focus on over and over, OPs article had the non sequiturs about having fun not getting rich. The irony being that it’s a meme in crypto and they chose to be a caricature of that meme, personified. I feel like you didn't read the article. What you responded to is for people that read the article. Opensea is 2 products. One is a storefront for technophobes to try and configure their art on the opensea platform before turning it into an NFT. The other is an NFT reader for NFTs made by people that know what theyre doing. Only the latter is relevant because thats the whole NFT economy, but the former is the thing more people try their hand at so I can see how that is distracting to conversation. The latter NFTs cannot be taken down by OpenSea they can be hidden from their GUI. They would not be hidden by your GUI.
- preseinger 5y ago> Coinbase complies with sanctions. OpenSea removes artwork. Complying with sanctions is a good thing; removing stolen artwork is a good thing. You... know this, right?
- alphabetting 5y agoI believe his point is that these good things wouldn't be possible if it were decentralized
- thebean11 5y agoA torrent indexer removes a porn torrent therefor BitTorrent is centralized. The argument makes no sense.
- preseinger 5y agoOh, if so I totally misread and apologize.