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I must confess: I'm a big time "cryptobro". I really think Bitcoin was revolutionary, and I still see enormous value in it. Some other projects, like Zcash and
by notpushkin 4y ago
I must confess: I'm a big time "cryptobro". I really think Bitcoin was revolutionary, and I still see enormous value in it. Some other projects, like Zcash and Namecoin, are solving some real problems, too.
But pretty much everything that's been coming under the Web3 umbrella is, in my opinion, a load of bullshit.
- Destiner 4y agoSince you mentioned Zcash and Namecoin, do you have an opinion on ENS, Aztec Protocol, and zkSync? They are trying to solve the similar problems that projects you mentioned do, and somewhat fall into Web3 umbrella.
- notpushkin 4y agoENS does aim at the similar problem, but I'm not sure if it's any better than Namecoin. There's this writeup [1] comparing ENS with NMC and Handshake (yet another similar project, with its own chain) and as far as I can tell, ENS doesn't really add anything new to the game, while it has some major inconveniences if you want just the name resolving and nothing else (which seems a pretty realistic scenario to me). I haven't looked into zkSync or Aztec just yet, but I'm assuming those are dealing with the same problems as Zcash, but on the Ethereum chain? If this means you can just throw in some generic ERC-20 token and get a zero-knowledge version of it (like what z-address is to t-addresses in Zcash), that's pretty cool. [1]: https://www.reddit.com/r/handshake/comments/lo894k/differences_hns_ens_unstoppable_domains/go4jp5p/ https://www.reddit.com/r/handshake/comments/lo894k/differenc...
- redox99 4y agoI think ENS is pretty cool. People criticize NFTs a lot because you don't actually own anything (and I agree, especially with the JPEG NFTs). But with ENS it's the other way around. You can actually OWN a domain, unlike with registrars where you are at their mercy.