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> There are so many proper applications of blockchain that could improve humanity and provide value to customers and instead these shitheads create NFTs. I who

> There are so many proper applications of blockchain that could improve humanity and provide value to customers and instead these shitheads create NFTs. I wholeheartedly agree. I can’t wait until “web3” moves past the whole fintech thing and people start realizing the true value of Web3 technologies: the fact that you no longer need a third party to mediate interactions between individual users on the internet.

knorker 4y ago
> the fact that you no longer need a third party to mediate interactions between individual users on the internet. Could you explain this more? Like how you no longer need your ISP, or the blockchain systems run by third parties? It seems to me like just playing semantic games if the third party is supposedly no longer a third party if it's distributed. Maybe I missed something concrete about "web3"'s promises?
- omginternets 4y ago
  You’re thinking of blockchains, but I’m thinking more broadly of p2p systems. But even blockchains have the potential to satisfy the ideal that I have in mind. For example, I’ve often thought web2 SSO (sign in with Google/Facebook/etc) to be ripe for disruption by some open standard for wallet based authentication. I think I’ve even seen a few projects that come close to this. At any rate, this is the part I find interesting. The money games are a huge distraction IMHO. I have quite a few disorganized thoughts on the subject… maybe I should write an essay…
  - knorker 4y ago
    More broadly that sounds more like web1, not web3. For sign in there are distributed ways. SQRL by Steve Gibson is one, that is just first and second party. No third party needed, distributed or not. But really, any public key system, like gpg web of trust would do it. You could even do mTLS, with self-signed certs. Or build an identity tree with signed certs. Like all things Blockchain there's always the open question to any solution of "but why not just do it without the Blockchain, and it'll be better faster stronger?". Indeed i see many stories of solutions where they ended up just removing the Blockchain in the end, with no loss of functionality. If you write up your thoughts then please look at non-blockchain alternatives. Like why is a gpg key not identity, or not good enough, but a Blockchain solution would be?
seoaeu 4y ago
web3 is nothing but intermediaries. Everyone from the developers to the miners to the exchanges are intermediaries looking to get their cut
- omginternets 4y ago
  You’re talking about crypto. I’m talking about p2p. There’s some overlap, but it’s very much the latter that I find interesting and worthwhile.

knorker 4y ago

> the fact that you no longer need a third party to mediate interactions between individual users on the internet. Could you explain this more? Like how you no longer need your ISP, or the blockchain systems run by third parties? It seems to me like just playing semantic games if the third party is supposedly no longer a third party if it's distributed. Maybe I missed something concrete about "web3"'s promises?

omginternets 4y ago
You’re thinking of blockchains, but I’m thinking more broadly of p2p systems. But even blockchains have the potential to satisfy the ideal that I have in mind. For example, I’ve often thought web2 SSO (sign in with Google/Facebook/etc) to be ripe for disruption by some open standard for wallet based authentication. I think I’ve even seen a few projects that come close to this. At any rate, this is the part I find interesting. The money games are a huge distraction IMHO. I have quite a few disorganized thoughts on the subject… maybe I should write an essay…
- knorker 4y ago
  More broadly that sounds more like web1, not web3. For sign in there are distributed ways. SQRL by Steve Gibson is one, that is just first and second party. No third party needed, distributed or not. But really, any public key system, like gpg web of trust would do it. You could even do mTLS, with self-signed certs. Or build an identity tree with signed certs. Like all things Blockchain there's always the open question to any solution of "but why not just do it without the Blockchain, and it'll be better faster stronger?". Indeed i see many stories of solutions where they ended up just removing the Blockchain in the end, with no loss of functionality. If you write up your thoughts then please look at non-blockchain alternatives. Like why is a gpg key not identity, or not good enough, but a Blockchain solution would be?

seoaeu 4y ago

web3 is nothing but intermediaries. Everyone from the developers to the miners to the exchanges are intermediaries looking to get their cut

omginternets 4y ago
You’re talking about crypto. I’m talking about p2p. There’s some overlap, but it’s very much the latter that I find interesting and worthwhile.