24 ms·

Don't encourage them. There is no Web3 and if there ever is, it's not fucking blockchain apps. What these hucksters call Web3 is the digital equivalent of esse

Don't encourage them. There is no Web3 and if there ever is, it's not fucking blockchain apps. What these hucksters call Web3 is the digital equivalent of essential oils. Blockchain apps have no real productive use beyond selling them to each other. Calling the whole thing Web3 was a fairly transparent grasp at trying to legitimize the whole charade.

Stevvo 4y ago
Take a look at https://gitcoin.co/ https://gitcoin.co/ and try and tell me that is not a "real productive use".
- malermeister 4y ago
  Looked at it, was a bunch of crypto buzzwords. If there's a productive use, it escapes me.
  - FinalBriefing 4y ago
    lol > Gitcoin grants quadratic funding is not just for funds allocation, it's also a great signaling tool!
  - tauwauwau 4y ago
    From the gitcoin footer: Gitcoin is a platform where you get paid to work on open source software in Python, Rust, Ruby, JavaScript, Solidity, HTML, CSS, Design, and more. I'm assuming that payment is in some crypto token/currency.
    - malermeister 4y ago
      That sentence sounds good! But why was it hidden all the way down in the footer? Why was the rest of the page vacuous marketing copy that made my brain turn off? And why does any of that need cryptocurrency? Grants for open source work have been around before cryptocurrency even existed.
      - tauwauwau 4y ago
        Yes, I remember reading about this site on Hacker news post. There are a lot of search results here for gitcoin. Also, Product dropdown at the top shows what it does. Payment in crypto coins seems to be free from a lot of regulatory burden, I'm not saying that it's a good thing, but it's just there. Getting a crypto wallet is also a lot simpler than creating a bank account, I'm again in favor of KYC norms, but there's an appeal to it, if you're too young or because of some other reason you cannot get a bank account.
        meheleventyone 4y ago
        > Payment in crypto coins seems to be free from a lot of regulatory burden The key word there is seems, you’ll probably find a lot of jurisdictions require you to report receiving payment through crypto.
- Animats 4y ago
  That's a marketing operation for Etherium.
- johnmarcus 4y ago
  Ok, I looked. And now I will tell you with great ease.....it is not of a "real productive use".
  - dubswithus 4y ago
    I've used Brave/BAT to tip open source contributors on github. They appreciated it.
- alexanderh 4y ago
  Its a cool project but nothing about how it works requires web3 technologies or blockchain technologies. Web3 still isn't "solving" any problem in that system.
  - dubswithus 4y ago
    Javascript is cool but no websites really need it. You could build a website without javascript. There's really no reason for it to exist other than to enrich the pockets of consultants. It's not solving any problem on the internet. You can make this argument for any technology at this point. If people like crypto it will exist. It's the same with a lot of other things I think shouldn't exist like gold.
    - UncleEntity 4y ago
      Gold is kind of useful aside from its human invented use as a store of value and solving the coincidence of wants problem.
      - dubswithus 4y ago
        But not useful enough to justify the current price. And not a smart investment according to Warren Buffett.
      - selimthegrim 4y ago
        https://news.ycombinator.com/item?id=31816193 https://news.ycombinator.com/item?id=31816193
        dubswithus 4y ago
        I don't have any teeth filled with gold. It's not necessary unless you are Post Malone.
      - astrange 4y ago
        Gold is useful as a unit test of physics theories, since most of them until the modern day couldn’t explain why it’s yellow.
- cedilla 4y ago
  This is such a typical web 3 page. It doesn't even try to tell me what it is about, except promising "quadratic" money showers for open source Blockchain apps. Apparently "the mathematically optimal way to fund public goods in a democratic community". Mathematics sure have increased in scope since I left uni.
  - devoutsalsa 4y ago
    Is quadratic funding better or worse than quantum liquidity?
    - martin_a 4y ago
      It's probably on par right now, but I think we can expect HUGE improvements on the one, so it gets better than the other and the NEXT BIG THING. Hope that helps.
- colonwqbang 4y ago
  The webpage doesn't make even a token effort to explain what their product is.
- nonameiguess 4y ago
  After waiting 20 seconds for that page to load for some reason, I scrolled all the way to the bottom without being told what it does. It appears to be some sort of foundation that provides grants to open source projects, except given it's "web3," I'm guessing that means it isn't actually a non-profit so gives none of the tax advantages a real foundation would give, doesn't have a board with a non-financial interest in the mission the way a real foundation would, and pays creators in cryptocurrency, which is a much less predictable and usable funding source since it varies so wildly in real currency denominated value and needs to be off-ramped to real currency to actually pay your developers and energy bills and what not.
  - Animats 4y ago
    After waiting 20 seconds for that page to load for some reason, I scrolled all the way to the bottom without being told what it does. There are far too many web sites like that. Not just crypto-related ones. The ones with a flashy design, a blank for your email address, and far too little useful information. I refer to this as "the giant sucking sound of the onboarding funnel".
rvz 4y ago
Where is the scam in this? [0], [1], [2] Also, does that mean that you going to finally stop using Signal for not only having mobile wallet [3] for payments, but also facilitating in using cryptocurrencies for donations? [4] [0] https://skiff.org https://skiff.org [1] https://ens.domains https://ens.domains [2] https://handshake.org https://handshake.org [3] https://support.signal.org/hc/en-us/articles/360057625692-In-app-Payments#payments_which_ones https://support.signal.org/hc/en-us/articles/360057625692-In... [4] https://signal.org/donate/ https://signal.org/donate/
- NullPrefix 4y ago
  Don't care about Signal wallets, stopped using Signal long ago when Moxxie came out against federation.
- alexanderh 4y ago
  So lets say that none of these web3 coins are scams. They still aren't actually solving anything that hasn't already been solved with web2. So at best they are unnecessary. And while the examples you have listed may not be scams, unfortunately the general web3 landscape is rife with them.
  - rglullis 4y ago
    The keyword for web3 is disintermediation. This might not be important for you, but it is far from being "unnecessary".
- jasonshaev 4y ago
  (Not the OP) Re: Skiff, it looks like a very cool product but I'm skeptical they can make enough money. The primary path to monetization for a product like this would be enterprise SaaS licensing but I simply don't see how you can sell to enterprises without centralizing the product. Auditability, compliance, SSO, etc. would all seem to be difficult if not impossible with the product as specced.
- johnmarcus 4y ago
  Skiff.org charges $8 USD/month for it's premium service, and it's just an implementation of PGP encryption. I have no idea what this as to do with crypto. ens.domains is a privately owned and managed DNS provider. It's litterally the exact opposite of what web3 claims to be. Having a "constitution" is just re-wording "Terms of Service". I love how it sells hard covers versions of it's Terms of Service for fiat at Blurb.com. And no, Blurb does not accept cryptocurrency payments even, lol. Signal.org existed well before they added crypto, and quite frankly, yes I did just about completely stop using it - and so did many others. The introduction of cryptocurrency in that app litterally chased away users rather than improve adoption. Gawd, could go on forever here.
froggy 4y ago
If I won a contest and the prize was the choice between 100 BTC and 1 small vial of "Thieves" essential oil, I'd take the Thieves. Why? Because it has value (excellent in my homemade mouthwash). Also I can't support something that vampires countries' worth of electricity.
- jacobedawson 4y ago
  So you would take a vial of essential oil over something you could sell right now for $2,000,000?
  - froggy 4y ago
    Correct, I value doing the right thing over money. By transacting in something like that, even if for a moment, I would be accomplice to a major environmental destroyer.
  - astrange 4y ago
    In fact you’d be forced to sell half of it right away since you need to fund the taxes on lottery winnings.
- dubswithus 4y ago
  No, you need to take the 100 BTC and use that to buy some books about real scams like essential oils. Start here: https://www.amazon.com/Trick-Treatment-Undeniable-Alternative-Medicine/dp/0393337782/ https://www.amazon.com/Trick-Treatment-Undeniable-Alternativ...
- selimthegrim 4y ago
  As Ben Bernanke said, you can fill teeth with gold.
  - dubswithus 4y ago
    I don't have any teeth filled with gold. It's not necessary unless you are Post Malone.

Stevvo 4y ago

Take a look at https://gitcoin.co/ https://gitcoin.co/ and try and tell me that is not a "real productive use".

malermeister 4y ago
Looked at it, was a bunch of crypto buzzwords. If there's a productive use, it escapes me.
- FinalBriefing 4y ago
  lol > Gitcoin grants quadratic funding is not just for funds allocation, it's also a great signaling tool!
- tauwauwau 4y ago
  From the gitcoin footer: Gitcoin is a platform where you get paid to work on open source software in Python, Rust, Ruby, JavaScript, Solidity, HTML, CSS, Design, and more. I'm assuming that payment is in some crypto token/currency.
  - malermeister 4y ago
    That sentence sounds good! But why was it hidden all the way down in the footer? Why was the rest of the page vacuous marketing copy that made my brain turn off? And why does any of that need cryptocurrency? Grants for open source work have been around before cryptocurrency even existed.
    - tauwauwau 4y ago
      Yes, I remember reading about this site on Hacker news post. There are a lot of search results here for gitcoin. Also, Product dropdown at the top shows what it does. Payment in crypto coins seems to be free from a lot of regulatory burden, I'm not saying that it's a good thing, but it's just there. Getting a crypto wallet is also a lot simpler than creating a bank account, I'm again in favor of KYC norms, but there's an appeal to it, if you're too young or because of some other reason you cannot get a bank account.
      - meheleventyone 4y ago
        > Payment in crypto coins seems to be free from a lot of regulatory burden The key word there is seems, you’ll probably find a lot of jurisdictions require you to report receiving payment through crypto.
Animats 4y ago
That's a marketing operation for Etherium.
johnmarcus 4y ago
Ok, I looked. And now I will tell you with great ease.....it is not of a "real productive use".
- dubswithus 4y ago
  I've used Brave/BAT to tip open source contributors on github. They appreciated it.
alexanderh 4y ago
Its a cool project but nothing about how it works requires web3 technologies or blockchain technologies. Web3 still isn't "solving" any problem in that system.
- dubswithus 4y ago
  Javascript is cool but no websites really need it. You could build a website without javascript. There's really no reason for it to exist other than to enrich the pockets of consultants. It's not solving any problem on the internet. You can make this argument for any technology at this point. If people like crypto it will exist. It's the same with a lot of other things I think shouldn't exist like gold.
  - UncleEntity 4y ago
    Gold is kind of useful aside from its human invented use as a store of value and solving the coincidence of wants problem.
    - dubswithus 4y ago
      But not useful enough to justify the current price. And not a smart investment according to Warren Buffett.
    - selimthegrim 4y ago
      https://news.ycombinator.com/item?id=31816193 https://news.ycombinator.com/item?id=31816193
      - dubswithus 4y ago
        I don't have any teeth filled with gold. It's not necessary unless you are Post Malone.
    - astrange 4y ago
      Gold is useful as a unit test of physics theories, since most of them until the modern day couldn’t explain why it’s yellow.
cedilla 4y ago
This is such a typical web 3 page. It doesn't even try to tell me what it is about, except promising "quadratic" money showers for open source Blockchain apps. Apparently "the mathematically optimal way to fund public goods in a democratic community". Mathematics sure have increased in scope since I left uni.
- devoutsalsa 4y ago
  Is quadratic funding better or worse than quantum liquidity?
  - martin_a 4y ago
    It's probably on par right now, but I think we can expect HUGE improvements on the one, so it gets better than the other and the NEXT BIG THING. Hope that helps.
colonwqbang 4y ago
The webpage doesn't make even a token effort to explain what their product is.
nonameiguess 4y ago
After waiting 20 seconds for that page to load for some reason, I scrolled all the way to the bottom without being told what it does. It appears to be some sort of foundation that provides grants to open source projects, except given it's "web3," I'm guessing that means it isn't actually a non-profit so gives none of the tax advantages a real foundation would give, doesn't have a board with a non-financial interest in the mission the way a real foundation would, and pays creators in cryptocurrency, which is a much less predictable and usable funding source since it varies so wildly in real currency denominated value and needs to be off-ramped to real currency to actually pay your developers and energy bills and what not.
- Animats 4y ago
  After waiting 20 seconds for that page to load for some reason, I scrolled all the way to the bottom without being told what it does. There are far too many web sites like that. Not just crypto-related ones. The ones with a flashy design, a blank for your email address, and far too little useful information. I refer to this as "the giant sucking sound of the onboarding funnel".

rvz 4y ago

Where is the scam in this? [0], [1], [2] Also, does that mean that you going to finally stop using Signal for not only having mobile wallet [3] for payments, but also facilitating in using cryptocurrencies for donations? [4] [0] https://skiff.org https://skiff.org [1] https://ens.domains https://ens.domains [2] https://handshake.org https://handshake.org [3] https://support.signal.org/hc/en-us/articles/360057625692-In-app-Payments#payments_which_ones https://support.signal.org/hc/en-us/articles/360057625692-In... [4] https://signal.org/donate/ https://signal.org/donate/

NullPrefix 4y ago
Don't care about Signal wallets, stopped using Signal long ago when Moxxie came out against federation.
alexanderh 4y ago
So lets say that none of these web3 coins are scams. They still aren't actually solving anything that hasn't already been solved with web2. So at best they are unnecessary. And while the examples you have listed may not be scams, unfortunately the general web3 landscape is rife with them.
- rglullis 4y ago
  The keyword for web3 is disintermediation. This might not be important for you, but it is far from being "unnecessary".
jasonshaev 4y ago
(Not the OP) Re: Skiff, it looks like a very cool product but I'm skeptical they can make enough money. The primary path to monetization for a product like this would be enterprise SaaS licensing but I simply don't see how you can sell to enterprises without centralizing the product. Auditability, compliance, SSO, etc. would all seem to be difficult if not impossible with the product as specced.
johnmarcus 4y ago
Skiff.org charges $8 USD/month for it's premium service, and it's just an implementation of PGP encryption. I have no idea what this as to do with crypto. ens.domains is a privately owned and managed DNS provider. It's litterally the exact opposite of what web3 claims to be. Having a "constitution" is just re-wording "Terms of Service". I love how it sells hard covers versions of it's Terms of Service for fiat at Blurb.com. And no, Blurb does not accept cryptocurrency payments even, lol. Signal.org existed well before they added crypto, and quite frankly, yes I did just about completely stop using it - and so did many others. The introduction of cryptocurrency in that app litterally chased away users rather than improve adoption. Gawd, could go on forever here.

froggy 4y ago

If I won a contest and the prize was the choice between 100 BTC and 1 small vial of "Thieves" essential oil, I'd take the Thieves. Why? Because it has value (excellent in my homemade mouthwash). Also I can't support something that vampires countries' worth of electricity.

jacobedawson 4y ago
So you would take a vial of essential oil over something you could sell right now for $2,000,000?
- froggy 4y ago
  Correct, I value doing the right thing over money. By transacting in something like that, even if for a moment, I would be accomplice to a major environmental destroyer.
- astrange 4y ago
  In fact you’d be forced to sell half of it right away since you need to fund the taxes on lottery winnings.
dubswithus 4y ago
No, you need to take the 100 BTC and use that to buy some books about real scams like essential oils. Start here: https://www.amazon.com/Trick-Treatment-Undeniable-Alternative-Medicine/dp/0393337782/ https://www.amazon.com/Trick-Treatment-Undeniable-Alternativ...
selimthegrim 4y ago
As Ben Bernanke said, you can fill teeth with gold.
- dubswithus 4y ago
  I don't have any teeth filled with gold. It's not necessary unless you are Post Malone.