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After failing to solve the financial system with crypto and digital rights with NFTs the desperate search of a solution seeking a problem moves on to Web3. Hint
by jmyeet 4y ago
After failing to solve the financial system with crypto and digital rights with NFTs the desperate search of a solution seeking a problem moves on to Web3. Hint: it's not here either.
Take something as simple as identity. In the Web3 world that's basically a wallet. lose your access to an account on a website currently and you can reset it. Lose your Web3 ID key? Well, you need a "smart" contract for recovery. I've seen variations on this such as nominating some other wallets who can give a consensus for what is essentially a takeover to recover your account.
These are really just more attack vectors created on the altar of automation and blockchain.
- saurik 4y agoWeb2 is also stupid as at the end of the day your identity is just whatever some call center rep is willing to believe, and you can be locked out of your account to the point where you can no longer even prove who you are for any reason at any time. This is an alternative, and it comes with different tradeoffs. I see you don't like the tradeoffs, and would rather trust companies like Apple, Facebook, and Google because you apparently don't trust yourself with your own key. I think that is simultaneously sad and naive, but "you do you", I guess? That doesn't mean none of this is useful, because not everyone is in a position to trust random US companies.
- TimJRobinson 4y agoSocial recovery wallets are a much better solution than some website which may or may not have customer support giving me access to my data again. Look at the amount of threads on HN of people pleading about how google banned them and they can't get through to a human to get their data back. Is that the future you want everywhere? You think having to talk to your parents + friends to recover your data is worse than that?