3 ms·

is web3 the same as blockchain? and it is just a marketing term to make it sound cool?

whoooooo123 4y ago
It's a buzzword used to disguise the fact that blockchain has completely failed to live up to any of its promises. In 2017 everyone was saying that "blockchain" was the future of everything and you'd be a fool not to invest. Sure, it hasn't proven itself yet, but it's still early! Imagine if you could invest in the Internet in 1994! This line doesn't work anymore, because it's been five years and blockchain still hasn't proven itself, and no-one's come up for a use for blockchain except currency speculation, money laundering and scams. It's hard to convince people that we're still only in the early days when you've been saying the same thing for years with no progress. So now, blockchain has been rebranded to "web3", and we can go through the whole hype cycle again and hope no-one notices that nothing's changed. Web3 is the future! It might not have proven itself yet, but it's still early days! Imagine if you could invest in the internet in 1994! Thankfully the noise seems to have mostly died out since the big crash earlier this year. I except that the next time there's a bull market we'll go through the same old bullshit with another new buzzword. It'll be early days, like the Internet in 1994!
- denton-scratch 4y ago
  I use blockchain currency (Monero) for just one thing: buying recreational drugs. It's better than cash; hanging out on street corners in the dark with shifty street-dealers, while carrying a pocketful of cash, is a risky activity. I don't invest. I bought some Bitcoin as a try-out way back when it launched; just a few dollars-worth. They'd be worth a fortune now. But even then, transaction speeds were very slow. I've never been much into investing, and I don't have a taste for risky, volatile assets.
Yizahi 4y ago
It's the general name for the "new" but not really new rent extraction economy for the whole world. The basic idea is "what if we could extract rent from every single interaction on the web - pay for view, pay for read, pay to rent, pay to play - but not like today, when it's optional and often fringe or really expensive stuff. But from everything, from 100% of everything.". And to it have working company scrip will be used, printed without oversight by a few new billionaires in non-extradition offshores. Actual blockchain is really detrimental to this new order scheme, because tokens on blockchain are harder to print, that's why real beneficiaries are moving to the stabletokens, which are practically CDBC, but issued not by shady banks but by actual criminals, some already convicted on the previous financial crises, like dotcom bust etc.

It's a buzzword used to disguise the fact that blockchain has completely failed to live up to any of its promises. In 2017 everyone was saying that "blockchain" was the future of everything and you'd be a fool not to invest. Sure, it hasn't proven itself yet, but it's still early! Imagine if you could invest in the Internet in 1994! This line doesn't work anymore, because it's been five years and blockchain still hasn't proven itself, and no-one's come up for a use for blockchain except currency speculation, money laundering and scams. It's hard to convince people that we're still only in the early days when you've been saying the same thing for years with no progress. So now, blockchain has been rebranded to "web3", and we can go through the whole hype cycle again and hope no-one notices that nothing's changed. Web3 is the future! It might not have proven itself yet, but it's still early days! Imagine if you could invest in the internet in 1994! Thankfully the noise seems to have mostly died out since the big crash earlier this year. I except that the next time there's a bull market we'll go through the same old bullshit with another new buzzword. It'll be early days, like the Internet in 1994!

denton-scratch 4y ago
I use blockchain currency (Monero) for just one thing: buying recreational drugs. It's better than cash; hanging out on street corners in the dark with shifty street-dealers, while carrying a pocketful of cash, is a risky activity. I don't invest. I bought some Bitcoin as a try-out way back when it launched; just a few dollars-worth. They'd be worth a fortune now. But even then, transaction speeds were very slow. I've never been much into investing, and I don't have a taste for risky, volatile assets.

Yizahi 4y ago

It's the general name for the "new" but not really new rent extraction economy for the whole world. The basic idea is "what if we could extract rent from every single interaction on the web - pay for view, pay for read, pay to rent, pay to play - but not like today, when it's optional and often fringe or really expensive stuff. But from everything, from 100% of everything.". And to it have working company scrip will be used, printed without oversight by a few new billionaires in non-extradition offshores. Actual blockchain is really detrimental to this new order scheme, because tokens on blockchain are harder to print, that's why real beneficiaries are moving to the stabletokens, which are practically CDBC, but issued not by shady banks but by actual criminals, some already convicted on the previous financial crises, like dotcom bust etc.