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web3 isn't anything it's just a brand name that's being used to trick crypto people into thinking that, in a couple decades, they'll invent the future of gamin

web3 isn't anything it's just a brand name that's being used to trick crypto people into thinking that, in a couple decades, they'll invent the future of gaming and the bullet list is always stuff we've had for decades

k__ 4y ago
Web3 is the decentralized web. Not more, not less.
- arnvald 4y ago
  The web is the decentralized web. A server that you can keep at home that you can plug in to make it part of this huge network of machines located all around the world that communicate with each other - this is the decentralized web.
  - k__ 4y ago
    "You" can do it, yes. Most people can't.
    - tsimionescu 4y ago
      That has nothing to do with centralization, and everything to do with the fact that it's hard to run a website with 0 computer skills, which crypto doesn't improve on in any way.
      - k__ 4y ago
        It has all to do with centralization and crypto certainly helps by providing a way of decentralization that doesn't require everyone to run infra in their home.
        arnvald 4y ago
        In the decentralized web you don’t have to run your infra either, you can use one of thousands of hosting companies that will run it for you.
    - uoaei 4y ago
      Crypto today is dominated by a few central players (wallets, trading) with strict access requirements, including unambiguous government-issued ID. Even mining is dominated by people with much more capital than you have access to, so that it is never worth it to run a miner as a private individual. Everything "web3" has been co-opted by corporatized interests trying to invent fresh new ways to get in on the scam before regulators make it unprofitable. Access is difficult for private individuals for more reasons than just "technology is complicated".
- threeseed 4y ago
  But the Web already is decentralised. I just launched a web server on my computer (python -m SimpleHTTPServer) which anyone in the world can connect to. If I wanted to I could build an unmoderated Twitter or Reddit and foster a community maybe one day being the biggest in the world. And if my current government decided to regulate me then I could move to a country that didn't. Web3 seems to be much more about decentralised payments. Which is not really a problem many people are demanding a highly complex solution for.
  - k__ 4y ago
    If you know how to run that kind of infrastructure, sure. The rest of the world has to wait for other means of decentralization.
    - threeseed 4y ago
      I can put that website in a container and run it on AWS Fargate. End to end about an hour. And it would be capable of supporting effectively infinite traffic.
  - Cobord 4y ago
    Anyone could build such applications that they might hope become the biggest in the world, but there is still a conglomeration effect. You have centralization, but anyone can become the center. This is displayed by your "biggest in the world" winner takes all perspective. For decentralization, the graph of connectivity has to not have these large communities. There would be no single Twitter (unmoderated or otherwise) that is the biggest by far.
    - threeseed 4y ago
      But Web3 does not prevent or impede centralisation. Look at OpenSea. They take the blockchain data and augment it with their proprietary data.
  - TimJRobinson 4y ago
    > Web3 seems to be much more about decentralised payments. Which is not really a problem many people are demanding a highly complex solution for. Stripe being a $100B company contradicts this. Payments and especially finance is a gigantic industry that is still mostly centralized but doesn't need to be. If we can make wealth flow as easy as data does today without any gatekeepers or middlemen that is a huge upgrade for the internet.
- astrange 4y ago
  Web3 is centralized because the source of money causing it to appear to be a thing is coming from one place (a16z). It’s just a way for them to do securities fraud. Although the entire crypto ecosystem valuation is based on another source of fictional money (Tether).
MomoXenosaga 4y ago
Too much money in the market looking for an investment. Well at least the boom times are over for now.

k__ 4y ago

Web3 is the decentralized web. Not more, not less.

arnvald 4y ago
The web is the decentralized web. A server that you can keep at home that you can plug in to make it part of this huge network of machines located all around the world that communicate with each other - this is the decentralized web.
- k__ 4y ago
  "You" can do it, yes. Most people can't.
  - tsimionescu 4y ago
    That has nothing to do with centralization, and everything to do with the fact that it's hard to run a website with 0 computer skills, which crypto doesn't improve on in any way.
    - k__ 4y ago
      It has all to do with centralization and crypto certainly helps by providing a way of decentralization that doesn't require everyone to run infra in their home.
      - arnvald 4y ago
        In the decentralized web you don’t have to run your infra either, you can use one of thousands of hosting companies that will run it for you.
  - uoaei 4y ago
    Crypto today is dominated by a few central players (wallets, trading) with strict access requirements, including unambiguous government-issued ID. Even mining is dominated by people with much more capital than you have access to, so that it is never worth it to run a miner as a private individual. Everything "web3" has been co-opted by corporatized interests trying to invent fresh new ways to get in on the scam before regulators make it unprofitable. Access is difficult for private individuals for more reasons than just "technology is complicated".
threeseed 4y ago
But the Web already is decentralised. I just launched a web server on my computer (python -m SimpleHTTPServer) which anyone in the world can connect to. If I wanted to I could build an unmoderated Twitter or Reddit and foster a community maybe one day being the biggest in the world. And if my current government decided to regulate me then I could move to a country that didn't. Web3 seems to be much more about decentralised payments. Which is not really a problem many people are demanding a highly complex solution for.
- k__ 4y ago
  If you know how to run that kind of infrastructure, sure. The rest of the world has to wait for other means of decentralization.
  - threeseed 4y ago
    I can put that website in a container and run it on AWS Fargate. End to end about an hour. And it would be capable of supporting effectively infinite traffic.
- Cobord 4y ago
  Anyone could build such applications that they might hope become the biggest in the world, but there is still a conglomeration effect. You have centralization, but anyone can become the center. This is displayed by your "biggest in the world" winner takes all perspective. For decentralization, the graph of connectivity has to not have these large communities. There would be no single Twitter (unmoderated or otherwise) that is the biggest by far.
  - threeseed 4y ago
    But Web3 does not prevent or impede centralisation. Look at OpenSea. They take the blockchain data and augment it with their proprietary data.
- TimJRobinson 4y ago
  > Web3 seems to be much more about decentralised payments. Which is not really a problem many people are demanding a highly complex solution for. Stripe being a $100B company contradicts this. Payments and especially finance is a gigantic industry that is still mostly centralized but doesn't need to be. If we can make wealth flow as easy as data does today without any gatekeepers or middlemen that is a huge upgrade for the internet.
astrange 4y ago
Web3 is centralized because the source of money causing it to appear to be a thing is coming from one place (a16z). It’s just a way for them to do securities fraud. Although the entire crypto ecosystem valuation is based on another source of fictional money (Tether).

MomoXenosaga 4y ago

Too much money in the market looking for an investment. Well at least the boom times are over for now.