4 ms·

Applications centered on user ownership created from decentralization of the data models and hosts themselves.

by chrisco255 4y ago

jfghi 4y ago
?, Most of the websites visited have powerful servers serving them with data that is held privately.
- chrisco255 4y ago
  It doesn't take that powerful of a server to serve static websites. And some data is held in open data stores, such as Filecoin or Arweave. Some data is held on-chain, as ENS does, for example.
jay_kyburz 4y ago
I get it. It sounds good. But I come from the generation that knows information wants to be free.
- chrisco255 4y ago
  Nothing is free. Whatever we got for free from Web2 came with a surveillance, censorship and ad-based regime attached to it.
  - jazzyjackson 4y ago
    Torrenting continues to be free, because when we were growing up we learned to share.
threeseed 4y ago
Except that (a) there is no requirement to put all data on the blockchain and (b) it is prohibitively expensive to do so. So you end up with a situation like OpenSea. Half of the information about the NFT is on the chain but then the other half is in its own private database e.g. ratings, reviews etc.
- chrisco255 4y ago
  Of course there's no requirement to put all the data on the blockchain. Why would there be? I even consider torrent networks to be "web3" and they're not blockchains. It is not prohibitively expensive to store data on a blockchain, however. Arweave and Filecoin are the largest storage-centric blockchains. They each have multiple exabytes of data stored on them. Currently, you can store on Filecoin for free: https://nft.storage/ https://nft.storage/ as a promotional thing, but even for larger data stores (https://web3.storage/ https://web3.storage/) it's $10 / month for 120GiB and 8 cents per GiB after that. OpenSea itself is a marketplace with some centralized elements. That's fine. The core listing, selling and transfer logic is written as a series of smart contracts, however. They also compete with other marketplaces, some which are fully decentralized. They do not control or own the important data, which is the NFT itself. Some NFTs store all the metadata on chain, you can implement an NFT contract metadata as base64 encoded JSON (as you can see in a recent project https://etherscan.io/address/0x6f4388602c5dd6c593bf7c9cf3128aaa2a3e09ce#readContract https://etherscan.io/address/0x6f4388602c5dd6c593bf7c9cf3128..., plug in tokenId 2 into tokenURI to see). Some store them on IPFS with a hash based reference to the content. Some use centralized storage in a private database. All are valid use cases with varying applications. If you only want to own fully native-chain NFTs, feel free to filter based on that criteria.
- deleted 4y ago
  [deleted]

Applications centered on user ownership created from decentralization of the data models and hosts themselves.

jfghi 4y ago

?, Most of the websites visited have powerful servers serving them with data that is held privately.

chrisco255 4y ago
It doesn't take that powerful of a server to serve static websites. And some data is held in open data stores, such as Filecoin or Arweave. Some data is held on-chain, as ENS does, for example.

jay_kyburz 4y ago

I get it. It sounds good. But I come from the generation that knows information wants to be free.

chrisco255 4y ago
Nothing is free. Whatever we got for free from Web2 came with a surveillance, censorship and ad-based regime attached to it.
- jazzyjackson 4y ago
  Torrenting continues to be free, because when we were growing up we learned to share.

threeseed 4y ago

Except that (a) there is no requirement to put all data on the blockchain and (b) it is prohibitively expensive to do so. So you end up with a situation like OpenSea. Half of the information about the NFT is on the chain but then the other half is in its own private database e.g. ratings, reviews etc.

chrisco255 4y ago
Of course there's no requirement to put all the data on the blockchain. Why would there be? I even consider torrent networks to be "web3" and they're not blockchains. It is not prohibitively expensive to store data on a blockchain, however. Arweave and Filecoin are the largest storage-centric blockchains. They each have multiple exabytes of data stored on them. Currently, you can store on Filecoin for free: https://nft.storage/ https://nft.storage/ as a promotional thing, but even for larger data stores (https://web3.storage/ https://web3.storage/) it's $10 / month for 120GiB and 8 cents per GiB after that. OpenSea itself is a marketplace with some centralized elements. That's fine. The core listing, selling and transfer logic is written as a series of smart contracts, however. They also compete with other marketplaces, some which are fully decentralized. They do not control or own the important data, which is the NFT itself. Some NFTs store all the metadata on chain, you can implement an NFT contract metadata as base64 encoded JSON (as you can see in a recent project https://etherscan.io/address/0x6f4388602c5dd6c593bf7c9cf3128aaa2a3e09ce#readContract https://etherscan.io/address/0x6f4388602c5dd6c593bf7c9cf3128..., plug in tokenId 2 into tokenURI to see). Some store them on IPFS with a hash based reference to the content. Some use centralized storage in a private database. All are valid use cases with varying applications. If you only want to own fully native-chain NFTs, feel free to filter based on that criteria.
deleted 4y ago
[deleted]