Trying to claim the term “Web3” is a futile battle. It is already widely understood to mean crypto and blockchain. If I see a job posting that says the company is built on Web3, I know immediately that the job is built on scams and grifts without having to ask further questions. Web3 as a term is ruined already.
For this to work it must be a different term than Web3. Maybe “Web 3.0” is different enough?
I think it's useful terminology, but only very generally and in hindsight. Web 1 is a pretty clear era in the 90s and early 2000s, characterized by simple static blogs and personal websites, and email. Everyone knew this would be big, but nobody figured out how, that was the dotcom bubble. Web 2 began with the rise of big tech companies like Google and Facebook in the late 2000s, it has been characterized by social media apps, centralized platforms hosting user created content, funded by targeted advertising and data mining. Web apps became possible and smartphones took over. Every product became a subscription service.
I think we're at the start of web 3, but it's hard to say what that is yet. The big tech companies are crumbling and there's increasing unrest at the old system of web 2. Fed up users are turning to platforms like this. There's a lot of demand for crypto nonsense like NFTs. AI is changing the way we do everything.
I hope that web 3 is the age of decentralization because that would be awesome, but it's impossible to predict the future.
Abusing terminology, especially by marketers, is frustrating and cringe. But don’t underestimate the value in having a simple, shared term to describe a paradigm many things fit into.
Blockchain and crypto are both decentralized, which is exactly what Web3 is defined as. Just because they came before federated websites doesn't mean the definition is exclusive to them. I would call "Web3" ruined, rather I would say that ActivityPub is the first great implementation of it.
PS: The distinction between Web 3 and Web 3.0 is giving me some real USB 3.2 Gen 1 vibes.
The only people that think this is correct are ones that learned about crypto 5 years ago and never thought to update their information. The lightning network allows for tiny bitcoin transactions with sub one cent transaction fees. In addition to that, the transactions happen in less than a second.
A post mentioning IPFS that hasn't been downvoted into the mantle? I'm impressed.
It seems that most people don't have any idea that it's not reliant upon blockchain.
Somebody asked the other day about hosting websites on cell phones. I mentioned that IPFS would be just about perfect for that and everyone got out their pitchforks.
I don't know the details (checked it out once, before crypto integration), but it's like bittorrent. You seed your own files, people who download and keep the files also seed. I think I once tried out a prototype decentralized (crypto) ebay-like app, and all images were "hosted" on IPFS. (So, once the app downloaded the product image, it seeded it to other clients).
I believe all files are hashed, and something like DHT is used to lookup files by hash id.
basically like bittorrent but the entire network is just one swarm and blocks are deduplicated and everyone keeps the stuff they accessed for a while so peers near to them can fetch it from them
it also has a dht, a pubsub like system for fast message propagation and changeable content and is built to be future proof on the protocol level (everything is modular and self describing and can be swapped out)
oh and also everything can link to everything by its CID (content identifier)
I’m already using it, but just for notes so there aren’t any measurable improvements over the traditional methods. It’s still cool to see it work though.
To me it feels like how 3D tvs were. Cool tech but not enough people hopping on board to make it mainstream so it stagnates and fizzles out. I could be wrong of course
Oh, yes. Good luck preserving the value you spent your life creating in your cash/fiat money while the printer goes brrrr. When bank bail-in happens to bail out the rich, I'll be laughing my *** off. I bet you don't even know what bail-in means. It basically means the banks will take your money to bail themselves out, like Cyprus in 2010s. It's the plan if a crisis happens. Read about it.
Also, I hope you enjoy the social credit system after Central Bank Digital Currency becomes a normal thing, and then be cut off the financial system for being a "bad boy" with a press of a button. Today Nigel Farage is the bad boy, tomorrow it's you (but you're good boy, aren't you?).
Your corrupt politicians can't pry my cryptocurrency out of me even if they wanted to. They won't even know how much I have. I can, on spot, drop everything and leave to a new country when things get bad (they never do, now do they? I gotta stop with the conspiracies... things are perfect)
Chickens will come home to roost. I guess we all pay for our decisions after all. That's what life is about. That's why I care not when people lose their life savings because they trust governments. They chose that.
I hate the term Web3, the name itself feels like gaslighting. It tries to imply like it's the next step for the web. It's just grifting and is absolutely impractical lol.
Notice how Web3 blew up because of insane VC money, then suddenly dies what feels like overnight. They didn't care about decentralization, otherwise they'd actually invest in non Blockchain bullshit. But then they can't scam with crypto coins.
Because it fucking gaslighting. I remember having this WTF moment when I was reading the O'Reilly Ethereum programming book.
If web 2 was html 5 and css3, how does a protocol that relies solely on money being transacted make the basis of web3?
This sounds exactly like a VC plot. "There will be money exchanged on every transaction". I bet they lost their minds in the pitch room when they heard it.
And that's the circle of silicon valley. AI with last longer though, it has actual practical applications and already is generating a ton of money. It'll start to die down once more people realize that its hallucinations kill a lot of its applications, which we'll need another technology breakthrough for that. It's a problem that's possible to solve though. I just hope for the collapse of OpenAI.
Don't forget about nfts there the future man they can't be replicated man where can you spend 100k and by the end of the week your investment is worh $3.50
The JPEG isn’t even on the blockchain for the majority of NFTs. It’s just a URL to a JPEG on a server someone else owns. If they take down the server, sell it, it gets hacked, the url scheme changes, etc someone is now the proud owner of a broken link lol
NFTs weren't created to be the proof of ownership of digital art, they just happen to be associated with that because that's what the majority of them were created for.
The NFT isn't the art that can be copy-pasted to any computer, it's the proof of ownership. Criticizing them by saying "I can just download a copy of the picture!" is like saying copyrights are useless because you can use tools to rip movies from streaming services, sure you "own a copy", it doesn't make you a rightful owner of it from the perspective of the law.
NFT’s also don’t implicitly make you the rightfull owner. The basketball NFT’s content still explicitly belongs to the seller. The only true way for NFT’s to work for digital content is to have a contract that specifically states that the NFT proves ownership, but you might as well write it directly in the contract at that point.
No. Web2 is about user generated content (as opposed to the static pages of Web1) - crapto stuff hardly fits the bill. Like it or not, it really does belong to Web3 - which is about decentralization.
what if web3 is anonymous overlay networks like Tor hidden services? It a completely new concept to internet itself, and if directly implemented on hardware it will be true Web3
Why would you need to implement it directly on the hardware? Wouldn't that hurt adoption? Something like Veilid seems like a way better option to me. It's just a shame the documentation is so lacking (last time I checked).
Blockchain and cryptocurrencies are pretty cool from just a technology perspective. At university I studied a lot of math and cryptography and that happened to be at the same time that Bitcoin became a thing. It could have some real applications, but scammers and cryptobros ruined it for everyone and now I can't even say I find crypto (meaning cryptography) cool without seeming like an asshat.