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To me the most damning thing said about web3 etc. to date is: https://github.com/cryptog0/welcome2web3#social-media-on-web-30 https://github.com/cryptog0/welco

by Tade0 5y ago

To me the most damning thing said about web3 etc. to date is: https://github.com/cryptog0/welcome2web3#social-media-on-web-30 https://github.com/cryptog0/welcome2web3#social-media-on-web... > The cost of storing information on the Blockchain is referred to as GAS and at the time of writting costs roughly $2 USD per 1kb of data. To put this into perspective, a high resolution photograph can be upwards of 4000kb, or $8,000. Even if this estimate is three orders of magnitude off, this idea is DOA.

Nav_Panel 5y ago
Why would you put a photograph on the blockchain directly? The chain is for transaction processing, stuff like proof of ownership. Want decentralized storage? Toss it on IPFS.
- acejam 5y ago
  To flip your own comment back on you: Why would you toss it up on IPFS? IPFS isn't a decentralized storage network, it's a data routing/transmission protocol with a DHT.
  - Nav_Panel 5y ago
    Depends what you're trying to achieve. Blockchain isn't meant as a decentralized storage network either, If my goal was to keep a photograph in perpetuity, I wouldn't necessarily even want to put it on a decentralized system -- I'd put it on archive.org, or amazon glacier.
  - genge 5y ago
    You just join IPFS with things like https://crust.network/ https://crust.network/ and that's 'sufficiently decentralized'. People confuse decentralized with sufficiently decentralized which is what most Dapps are focusing.
SparkyMcUnicorn 5y ago
I was disappointed by this piece. It's very short-sighted. Tech that's currently on testnets solves all the "problems" mentioned. It doesn't mention any of these solutions. Also, use the right tool for the job. Storing a 4MB file on the ETH chain is probably not the right tool for the job.
TAKEMYMONEY 5y ago
Blockchains aren't a replacement for cloud storage. Storing a yacht in a mailbox would probably get expensive too. That readme file has little original content, and is riddled with speculation, errors and typos. I think there are more substantive criticisms of Web3 available, this is possibly one of the worst I've seen.

by Tade0 5y ago

Nav_Panel 5y ago

Why would you put a photograph on the blockchain directly? The chain is for transaction processing, stuff like proof of ownership. Want decentralized storage? Toss it on IPFS.

acejam 5y ago
To flip your own comment back on you: Why would you toss it up on IPFS? IPFS isn't a decentralized storage network, it's a data routing/transmission protocol with a DHT.
- Nav_Panel 5y ago
  Depends what you're trying to achieve. Blockchain isn't meant as a decentralized storage network either, If my goal was to keep a photograph in perpetuity, I wouldn't necessarily even want to put it on a decentralized system -- I'd put it on archive.org, or amazon glacier.
- genge 5y ago
  You just join IPFS with things like https://crust.network/ https://crust.network/ and that's 'sufficiently decentralized'. People confuse decentralized with sufficiently decentralized which is what most Dapps are focusing.

SparkyMcUnicorn 5y ago

I was disappointed by this piece. It's very short-sighted. Tech that's currently on testnets solves all the "problems" mentioned. It doesn't mention any of these solutions. Also, use the right tool for the job. Storing a 4MB file on the ETH chain is probably not the right tool for the job.

TAKEMYMONEY 5y ago

Blockchains aren't a replacement for cloud storage. Storing a yacht in a mailbox would probably get expensive too. That readme file has little original content, and is riddled with speculation, errors and typos. I think there are more substantive criticisms of Web3 available, this is possibly one of the worst I've seen.