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Only a very small percentage of the population has a demand for encrypted email or decentralized anything. Most people trust institutions blindly and it gives t

Only a very small percentage of the population has a demand for encrypted email or decentralized anything. Most people trust institutions blindly and it gives them anxiety to even think about not trusting them. Most people don't even agree that there's a problem at all with centralized institutional trust-based systems. They don't understand or trust algorithms, they trust brands on TV. Web 2.0 gave us legitimate added productivity and functionality of being able to do stuff online for the first time. Web 3.0 does nothing but give us a trustless system that nobody asked for. Zero new functionality in any of those apps. If you trust banks and FAANG companies, as most people do, Web 3.0 has exactly zero value.

rglullis 4y ago
And if you don't trust FAANG?
- JohnHaugeland 4y ago
  then it still has no value
  - rglullis 4y ago
    Let me flip the question: if you think that "this" web3 has no value, what kind of web do you think could be built by and for those who don't trust FAANG? I am not even asking you to do anything. I am just asking you to think of an alternative.
    - peoplefromibiza 4y ago
      > what kind of web do you think could be built by and for those who don't trust FAANG? The web? FAANG is not the web, it's just some companies putting apps on the web
      - rglullis 4y ago
        No. This web is controlled by these "some companies". They monopolize social media, e-commerce, games, telecommunication platforms. Billions of people go by assuming that Facebook is the internet. Go ahead and try to live on the internet without being forced to interact with any of FAANG services. It's impossible even for me, who tries to keep as strict of a "digital hygiene" as possible and use open source and open standards as much as possible. If you think that we can not improve on the web that we have today, either your standards are way too low or you already got so used to be manipulated by Big Tech that you can't even imagine how much better and freer life could be without it.
        JohnHaugeland 4y ago
        remind me which part of faang is involved in this website again
        rglullis 4y ago
        Is "this website" all of the web? Good God, can we please stop with the cheap rhetoric and at least try to discuss things in a productive way?
        JohnHaugeland 4y ago
        > Is "this website" all of the web? Do I actually have to answer this? . > Good God, can we please stop with the cheap rhetoric and at least try to discuss things in a productive way? I didn't engage in any rhetoric. The question I asked you remains unanswered, and I was in fact being productive. Sorry you got stuck. Better luck next time I guess
        peoplefromibiza 4y ago
        > They monopolize social media, e-commerce, games, telecommunication platforms. Billions of people go by assuming that Facebook is the internet. how exactly web3 is supposed to fix that? > or you already got so used to be manipulated by Big Tech assuming without knowing is the worst form of arrogance. but even if that was true, I don't believe that the guy in the small village here in Italy that makes olive oil and sell it on Amazon to markets he could never even imagine existed is going to go decentralized and trustless just because Amazon is virtually a monopoly. FAANG provided opportunities that have much more value for people than idealism (that doesn't even work!)
    - JohnHaugeland 4y ago
      > what kind of web do you think could be built by and for those who don't trust FAANG? basically the whole thing . > I am just asking you to think of an alternative. uh thanks, alternatives predate them by decades
      - rglullis 4y ago
        Take a look at this thread here [0], see how people are either stuck in a sense of either "it's not possible to live without using WhatsApp. Resistance is futile" or "Apple does everything I need to live a happy and peaceful life". The "whole thing" is a mess of Surveillance Capitalism that serves no one but the elites, who is shaped to keep us in a constant state of anxiety and fear to try anything different and with enough energy to be able to do nothing but consume the crap they want us to consume. Surely we can do better than that. We have to. [0]: https://news.ycombinator.com/item?id=31807783 https://news.ycombinator.com/item?id=31807783
        JohnHaugeland 4y ago
        It's relatively easy to live without WhatsApp.
        rglullis 4y ago
        Yes, it's very easy to cherry pick one product and say "I can live without it". The important question is: "can society at large use the web without being forced to use products that exploit their data and/or locks them into rent-seeking vendors?"
bardworx 4y ago
One solid argument I’ve heard from people who dived into NFTs is royalties. In this case, we discussed music royalties and how complicated they are. With NFTs, there would be a huge boost in productivity in terms of licensing content (song for a movie). I haven’t seen this mentioned in other threads nor is there a good current system, from my understanding. (P.S. I know nothing about NFTs — just sharing a perspective.)
- jfengel 4y ago
  NFTs can come with programmable contracts, so there was some thought that this could be used to manage royalties. For example, resell the art for a profit, and the original artist gets a cut. But... instead of that, it was just pure speculation, with nobody really wanting any of the art. And none of it ever came with that contract to give original artists money anyway. So even the smidge of a good idea in there never got done.
  - whatisweb3 4y ago
    There is plenty of NFT art that does take advantage of on chain royalties. Art Basel is happening now and features a lot of NFTs.
  - bardworx 4y ago
    His point was applying smart contracts to old libraries and new music. BAYC is a different approach as they use the NFT is an access token vs. art work, in my opinion. He’s in PE so he’s probably looking at this from a particular lease, which isn’t the wide adoption folks are hoping for.
- Closi 4y ago
  How would NFT's solve the complexities of music royalty payments? (i.e. the complexity here is that Time Warner needs to ensure they get paid when one of their songs is played on a TV show).
  - whatisweb3 4y ago
    NFT royalties often relate to resale, not media access. But in some web3 platforms, sales and revenue could be directed automatically to creators through smart contract functionality.
k__ 4y ago
I talked to people from Nigeria, Kenya, Argentinia, and China. They aren't a small percentage of the population and told me they had demand for decentralized technology.
throw_nbvc1234 4y ago
Most people blindly trust the binaries they download from the internet; open source still has value despite this. In an ideal world this value would never be realized (or at least forking or compiling from source aspects of it). Similarly I'd argue that in an ideal world Web 3.0 would have "exactly zero value". But if a person or communities threat model includes web 3.0 style decentralization then who am I to stop them.

rglullis 4y ago

And if you don't trust FAANG?

JohnHaugeland 4y ago
then it still has no value
- rglullis 4y ago
  Let me flip the question: if you think that "this" web3 has no value, what kind of web do you think could be built by and for those who don't trust FAANG? I am not even asking you to do anything. I am just asking you to think of an alternative.
  - peoplefromibiza 4y ago
    > what kind of web do you think could be built by and for those who don't trust FAANG? The web? FAANG is not the web, it's just some companies putting apps on the web
    - rglullis 4y ago
      No. This web is controlled by these "some companies". They monopolize social media, e-commerce, games, telecommunication platforms. Billions of people go by assuming that Facebook is the internet. Go ahead and try to live on the internet without being forced to interact with any of FAANG services. It's impossible even for me, who tries to keep as strict of a "digital hygiene" as possible and use open source and open standards as much as possible. If you think that we can not improve on the web that we have today, either your standards are way too low or you already got so used to be manipulated by Big Tech that you can't even imagine how much better and freer life could be without it.
      - JohnHaugeland 4y ago
        remind me which part of faang is involved in this website again
        rglullis 4y ago
        Is "this website" all of the web? Good God, can we please stop with the cheap rhetoric and at least try to discuss things in a productive way?
        JohnHaugeland 4y ago
        > Is "this website" all of the web? Do I actually have to answer this? . > Good God, can we please stop with the cheap rhetoric and at least try to discuss things in a productive way? I didn't engage in any rhetoric. The question I asked you remains unanswered, and I was in fact being productive. Sorry you got stuck. Better luck next time I guess
      - peoplefromibiza 4y ago
        > They monopolize social media, e-commerce, games, telecommunication platforms. Billions of people go by assuming that Facebook is the internet. how exactly web3 is supposed to fix that? > or you already got so used to be manipulated by Big Tech assuming without knowing is the worst form of arrogance. but even if that was true, I don't believe that the guy in the small village here in Italy that makes olive oil and sell it on Amazon to markets he could never even imagine existed is going to go decentralized and trustless just because Amazon is virtually a monopoly. FAANG provided opportunities that have much more value for people than idealism (that doesn't even work!)
  - JohnHaugeland 4y ago
    > what kind of web do you think could be built by and for those who don't trust FAANG? basically the whole thing . > I am just asking you to think of an alternative. uh thanks, alternatives predate them by decades
    - rglullis 4y ago
      Take a look at this thread here [0], see how people are either stuck in a sense of either "it's not possible to live without using WhatsApp. Resistance is futile" or "Apple does everything I need to live a happy and peaceful life". The "whole thing" is a mess of Surveillance Capitalism that serves no one but the elites, who is shaped to keep us in a constant state of anxiety and fear to try anything different and with enough energy to be able to do nothing but consume the crap they want us to consume. Surely we can do better than that. We have to. [0]: https://news.ycombinator.com/item?id=31807783 https://news.ycombinator.com/item?id=31807783
      - JohnHaugeland 4y ago
        It's relatively easy to live without WhatsApp.
        rglullis 4y ago
        Yes, it's very easy to cherry pick one product and say "I can live without it". The important question is: "can society at large use the web without being forced to use products that exploit their data and/or locks them into rent-seeking vendors?"

bardworx 4y ago

One solid argument I’ve heard from people who dived into NFTs is royalties. In this case, we discussed music royalties and how complicated they are. With NFTs, there would be a huge boost in productivity in terms of licensing content (song for a movie). I haven’t seen this mentioned in other threads nor is there a good current system, from my understanding. (P.S. I know nothing about NFTs — just sharing a perspective.)

jfengel 4y ago
NFTs can come with programmable contracts, so there was some thought that this could be used to manage royalties. For example, resell the art for a profit, and the original artist gets a cut. But... instead of that, it was just pure speculation, with nobody really wanting any of the art. And none of it ever came with that contract to give original artists money anyway. So even the smidge of a good idea in there never got done.
- whatisweb3 4y ago
  There is plenty of NFT art that does take advantage of on chain royalties. Art Basel is happening now and features a lot of NFTs.
- bardworx 4y ago
  His point was applying smart contracts to old libraries and new music. BAYC is a different approach as they use the NFT is an access token vs. art work, in my opinion. He’s in PE so he’s probably looking at this from a particular lease, which isn’t the wide adoption folks are hoping for.
Closi 4y ago
How would NFT's solve the complexities of music royalty payments? (i.e. the complexity here is that Time Warner needs to ensure they get paid when one of their songs is played on a TV show).
- whatisweb3 4y ago
  NFT royalties often relate to resale, not media access. But in some web3 platforms, sales and revenue could be directed automatically to creators through smart contract functionality.

k__ 4y ago

I talked to people from Nigeria, Kenya, Argentinia, and China. They aren't a small percentage of the population and told me they had demand for decentralized technology.

throw_nbvc1234 4y ago

Most people blindly trust the binaries they download from the internet; open source still has value despite this. In an ideal world this value would never be realized (or at least forking or compiling from source aspects of it). Similarly I'd argue that in an ideal world Web 3.0 would have "exactly zero value". But if a person or communities threat model includes web 3.0 style decentralization then who am I to stop them.