• regalia@literature.cafe
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    2 years ago

    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.

    • qaz@lemmy.worldOP
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      2 years ago

      VC’s are where the hype is, all those AI companies will disappear too when the AI hype dies.

      • regalia@literature.cafe
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        2 years ago

        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.

        • qaz@lemmy.worldOP
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          2 years ago

          Certainly, that’s why I said AI hype. Machine learning is already invaluable in many fields. Its ability to generate new content, is certainly not flawless, but already has some uses. I just hope that the hype dies down and companies stop putting pointless and flawed AI integration in their products to please investors.

    • Gnubyte@lemdit.com
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      2 years ago

      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.

      • 31337@sh.itjust.works
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        2 years ago

        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.

      • Laura@lemmy.world
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        2 years ago

        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)

      • possibly a cat@lemmy.mlB
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        2 years ago

        It’s the cloud where all of the GIFs that people call NFTs are stored. (but the NFTs themselves aren’t stored there)

    • qaz@lemmy.worldOP
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      2 years ago

      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.

  • possibly a cat@lemmy.mlB
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    2 years ago

    Web 3.0 is the semantic web, and Web3 is the decentralized web. Those are essentially the definitions in their simplest terms.

    I see some people considering these as separate things, but I never saw it that way. I’ve always felt that what we call Web 3.0 became the framework and foundational ideals for what grew into Web3.

    Web 3.0 said, “let’s make everything machine-readable. let’s create parity between the physical and the digital.” The goal being to digitize the offline world so as to facilitate using the digital to support the physical.

    But how do you do this? The more centralized a technology is, the less exposure it has to the wider world (with scale working to counteract the effect until a certain point). On the other hand if you decentralize the technology you can give it to everyone and let it be everywhere, and then use the decentralized network as the summed total potential for the platform.

    Web3 is developing into this kind of technology. People started simple, recreating currencies like we use but digitally and decentralized, and then built ramps so that they could be converted to fiat and other goods and assets. Then the cloud storage concept was translated to a decentralized framework and we got IPFS. Then the currency tech was modified so that non-fungible assets could be delineated. This tied together blockchain and IPFS as a storage solution to allow blockchains to overcome bandwidth limitations.

    Now we have people working on things like linking house titles to NFTs. Regardless of the how this would be used, I find that this is directly relevant to Web 3.0. More and more real-world objects are becoming digitized and machine-readable. Of course there are weaknesses in our current solutions: Lack of two-way functionality, limited decentralization of many databases & code, immature incentives for maintaining data integrity, limited polling ability for many data sets, and so on. But just because it isn’t perfect, doesn’t mean that it isn’t the semantic web. Web3 is what Web 3.0 looks like when it has come to life.

    This causes me to consider the criticisms of Web3 in regards to Web 3.0. Some resistance is clearly due to the natural friction of new technologies being adopted by society. Some of it is also political, though - crypto and IPFS are often associated with the far-right, for example. Some of it is memetic transfer through social interactions which extends the discussion into communities that aren’t clearly identifiable stakeholders. Some comes from the authoritarian mindset, since these technologies enable dual power that is often discussed in the context of undermining states.

    The criticism that I finding missing on Web3, is the Luddite criticism. We hear a lot of fear about AI making our jobs redundant. However I haven’t seen that same economic anxiety expressed around Web3 yet. Instead the major discussions (in terms of socioeconomic factors) seem to reflect a focus on “scams” and the idea that cryptos are “lottery tickets.” There also seems to be some schadenfreude, often targeted at the perception of well-to-do individuals investing their excess wealth and losing it quickly. But no objection from workers worried about becoming redundant. I do think the technology makes that possible in the big picture.

  • MrSlicer@lemmy.world
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    2 years ago

    Federation was we 1.0 people forget all major chatting services used to be integrated. You could have a yahoo im show up on your aim chatbox.

  • The dogspaw @midwest.social
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    2 years ago

    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 dogspaw @midwest.social
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        2 years ago

        Its not a jpeg man its an nft it uses blockchain man it can’t be replicated its totally the future now let me plug in 50 gpus I got to start mining

        • Somerefriedbeans@lemmy.ca
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          2 years ago

          Its not a jpeg man its an nft it uses blockchain man it can’t be replicated its totally the future

          It’s funny you say this because in the near future once blockchain usage becomes more mainstream, you’re going to see NFT tech used for things like concert tickets, sporting events, movie tickets etc… because they can’t be counterfeited and produced at a fraction of the cost of traditional tickets. As long as the NFT sits in your crypto wallet, you’re granted access to the event.

          People tend to forget how much the original web was plagued with scams and such, or maybe some are too young to even know much about it… Crypto is new and will take some time before it matures. But I believe decentralization is the future and is one of the reasons I’m on Lemmy.

          • msage@programming.dev
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            2 years ago

            I dislike this take to much.

            First of all, crypto doesn’t protect you from scams, just look around you.

            If you get ‘one true crypto’, you get locked in by its architecture, and there’s always someone who controls said architecture. The chain is decentralized, but the core is not.

            Also, tickets are controlled almost exclusively by a central authority, which owns the venues, so there is no way in hell they will let you keep a ledger of every purchase of every ticket. It’s better for them to keep it concealed.

            There is so much bullshit in the crypto hype, it’s almost funny.

            If you want to put crypto anywhere, do the stock market first, and then get back to me.

            • Somerefriedbeans@lemmy.ca
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              2 years ago

              I never claimed made a claim that it protected you from scams. I said it can’t be counterfeited.

              I really don’t want a “one true crypto”. I think different blockchains can serve different purposes.

              And as far as ticketing goes, yes the centralized authority (let’s say Disney for example) would set a max amount of tickets (nfts) to be sold/minted and they would be distributed to wallets as they are sold. Nobody else would have a way to alter or counterfeit fake tickets.

              I can totally understand all the hate for crypto though. I mean… I’m a gamer and bought my graphics card during the peak of crypto mining. Was I happy? Hell no. I had a deep hate for crypto at the time… But I decided to dig deeper into what the rage was about. Using actual crypto wallets and interacting with Dapps was quite eye opening to what the future web could be like.

              But I’m also with you that crypto needs some form of regulation, but imo crypto and stocks are not the same. If anything NFTs would be more like stocks/shares.

              One of the biggest hurdles, like you’ve mentioned, is that a good portion of the space is full of ponzis/scams. But there are a handful out there who truly care and are trying to pave the way and build up a new way to interact with others. I assure you there’s more to it than just scams and jpeg trading. It can be pretty neat when you see what’s possible.

              Sorry to take up so much of your time with my second ramble but you raised some good points. Cheers

              • ZodiacSF1969@sh.itjust.works
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                2 years ago

                I said it can’t be counterfeited.

                Lmao how big a problem are counterfeit tickets? Because Ticketek seems pretty happy with what they are currently doing.

                Sorry to burst your bubble but crypto & NFTs are never going mainstream. They are already past the peak, and failed spectacularly.

                • Somerefriedbeans@lemmy.ca
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                  2 years ago

                  Never said it was a problem… Just saying its a better solution. That’s okay though… Saving this comment and will tag you during the next crypto bull run when the hype is back 😘

              • msage@programming.dev
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                2 years ago

                You need to teach people how to verify that their purchase for not counterfeited. Since the bar is not techological, and never will be.

                We had way back when a ‘web of trust’, that actually solved a lot more problems than crypto ever did. But people never understood it, so it never got mainstream adoption.

                If you don’t know a thing about stock market then it makes sense you could suggest NFTs for it, but you can actually divide shares into fractions.

                • Somerefriedbeans@lemmy.ca
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                  2 years ago

                  I merely use nfts as an example because they are closer to what a stock would be than a coin itself. They are not the same though. I was not making that claim.

            • Somerefriedbeans@lemmy.ca
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              2 years ago

              Totally fair. I just see at as one of the many uses that are possible. Let’s day you couldn’t make it to an event and wanted to sell your ticket. It would be pretty easy to get the other users wallet address and make the exchange. Also, not all blockchains have high transaction fees. On the Solana network, for example, you can make the exchange for a fraction of a cent. It would cost you roughly. $0.0021 to make the trade.

              • pseudonym@monyet.cc
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                2 years ago

                I’m curious about this use case. It actually sounds pretty convenient, but it also sounds like a wet dream for scalpers since it makes it so easy to buy a bunch and resell for insane prices. On one hand, the price someone is willing to pay is the true value, so you could argue that the original seller wasn’t charging enough. But on the other hand, if scalpers buy up all the supply then they’re artificially increasing the price. I don’t really know anything about economics, I’m just guessing.

                In the traditional world of tickets, you could hypothetically prevent reselling by tying a ticket to a person’s id (not that anybody does this, but you could). But in the nft world you described where you can resell your ticket, is there any solution to prevent scalping?

                • Somerefriedbeans@lemmy.ca
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                  2 years ago

                  Honestly, right now it’s like the wild west. The markets need a form of regulation. For that reason, I’d never recommend anyone get into nft trading without some serious research put into it. But as the space evolves, there will likely be thing put in place to solve this issue.

                  Also wanted to say I also very much appreciate your response. Most here have decided to attack me instead of actually holding an intellectual conversation. Hope you have a great day!

                • NecroSocial@lemmy.world
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                  2 years ago

                  …is there any solution to prevent scalping?

                  Built-in price ceiling and verifiability. Resales could be limited or completely forbidden as well.

          • nickwitha_k (he/him)@lemmy.sdf.org
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            2 years ago

            Crypto isn’t new. Bitcoin’s initial release was in 2009. Two versions of MS Windows have been released and EOL’d since then. Five Star Wars films have been written, filmed and released since then. Intel released all 13 generations of their Core i# processors since then.

            • Somerefriedbeans@lemmy.ca
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              2 years ago

              Allow me to clarify… Crypto itself isn’t new… But the way in which we interact with it is new. All sorts of platforms, metaverses, etc… are still being developed through the bear market. These things take time to develop. Also, crypto usage is not exactly used by everyone right now, so I respectfully disagree with you.

    • Kecessa@sh.itjust.works
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      2 years ago

      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.

        • NecroSocial@lemmy.world
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          2 years ago

          The intrinsic value of any art is what someone is willing to pay for it.

          For example the world’s most expensive NFT, The Merge by Pak, sold for $91.8 million. Its price was higher than the sale of Jeff Koon’s Rabbit, the most expensive artwork by a living artist at auction. It’s all about personal tastes and how deep folks wanna dig in their pockets with this stuff.

  • Phegan@lemmy.world
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    2 years ago

    I’ve been calling it web 1.5. It feels a lot like the web before web 2.0, but leverages improvements in technology and knowledge since then

  • Darth_vader__@discuss.online
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    2 years ago

    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

    • qaz@lemmy.worldOP
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      2 years ago

      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).