Web 3.0 is a joke
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- Äas pĆidĂĄn 21. 02. 2022
- Web 3.0 has too many problems, with the main one being it's tied directly to cryptocurrencies such as ethereum which are basically unusable due to gas prices. The term web3.0 has been hijacked by crypto and nft bros. I feel we can easily build a cheap web 3.0 filled with decentralized applications without being forced to use the blockchain or ethereum.
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I'm with you bro, I have been a software engineer for 15+ years and this shit doesn't make any sense, it is just turtles all the way down
Web 3 is web 2 with gas ✠fee
A truly decentralized web would just have a whole bunch on non-authoritative hosts and vendors who won't provide any real guarantee of reliability for their product. It's like dealing with all the headaches that come with open source apps/services.
it's impossible, even if you get a company did everything right people still gonna complain that they can change the code because the code below to the company, what's the point? ofcourse there's point, cryptocurrency first came out is to fights inflation, so first thing to make sure is that some "company" don't just create bounch of codes on their own and can delete coins on their own.
Yep, yep. IMO, the only reason everyone is pushing Web 3.0 is they can profit from it. Cause we've had decentralized services that don't use blockchain for years(mastodon, peertube, pleroma, diaspora, etc.) but they're largely unknown and nobody's trying to promote them like the next big thing.
Right, the hype of decentralization isnât reflecting the actual value of decentralization. You donât need a blockchain to be decentralized, not do we need 100 different block chains. Everyone is just trying for a cash grab. Unless you live in Russia, then I can see why bitcoin might have been useful to own at this moment in time lol
@@WebDevCody as a Russian, I confirm. Cryptocurrency is one of the easiest way to transfer money across the border (we still can use banks of neutral countries as an alternative, it just requires traveling there). Btw even here it's unappealing to keep money in crypto: BTC price is decreasing, and stablecoins are simply less reliable than cash. Maybe even our banks are more reliable than stablecoins.
Web3 can be built without "blockchain" or any other buzzword nonsense. The problem is, a platform that allows people to "own" what they buy requires people to develop content for it. You think EA games, Valve, Take Two Interactive, etc are gonna build games for "web3" knowing they have less control? Nope. You think movie studios will allow you to "own" your digital purchases? Nope. So, Web3 will be full of shitty looking JPGs for sale, and crappy music by Splice-loop using producers. Yay, can't wait.
Lol, you make it sound like everything is either made by a corporation or it is crap. There are plenty of hobbyists and small time studios who make amazing stuff. If its possible to properly monetize something and people know about it, then people are gonna put cool things on it.
Good one , truth remains truth. Don't need any further comments.
@@ThecatThecat-hq1opou just defeated your own point. He said why would someone spend a lot of time/money to create something they have less control over the monetization of? Itâs not human nature and never has been. People create cool things all the time, sure but that doesnât translate to anything relevant to web3 or decentralization
made a lot of great points, i am a blockchain dev intern and i'm glad i clicked.. been thinking about all this for a while now
don't listen to him
most of web3 stuff is scam
Is there any that isn't a scam? :-D
I've been a software engineer for a little over 10 years now and I honestly think crypto/blockchain stuff is just interesting to a lot of developers so they try to shoehorn it into something just so they can work with it. They're in denial because its new and cutting edge so it "must be" better, etc... The only real use case I can think of for blockchain stuff right now is a transaction ledger on a private/proprietary blockchain between parties unwilling to trust one another or unwilling to trust the same 3rd party. That is an extremely niche use case, and one where I would really question why those parties want anything to do with one another anyway if they have such a lack of trust like that. All of the other decentralized stuff can be done more easily and more efficiently with non-blockchain stuff. We could develop a set of open source standards for things like...social APIs. That would allow multiple social media services to work with decentralized content fully owned by users and hosted elsewhere. You don't need blockchains for that. You don't need blockchains for NFTs either. All you need is some agreed-upon protocol/API, and right now I do not see any intrinsic benefits of the blockchain/crypto implementation over other implementations.
I have been working for the past 1 year and a half in the crypto ecosystem, as a support engineer. I joined this industry because I needed a job while being a student, and I encountered this opportunity. I've been asking myself everyday what's the point of what we are doing. It doesn't bring any real value to the world. For example, all the projects that work with us now are stupid nft games, nft projects or crypto gambling aka cash grabs. I thought that maybe I'm a newbie and too unexperienced to see the value of blockchain. I am so glad that real developers with years of experience are confirming my thoughts.
@@andradaamaria sorry to hear that, it sounds frustrating. It might still be valuable to consider some of the high-level "ideals" of the crypto ecosystem and how you might implement those *without* a blockchain. Some of the broad concepts tied to crypto right now (decentralization, federated trust, etc...) have merit for certain use cases, but as mentioned in the video and in my comment, you can often implement those in a better way *without* blockchains. So, you might be able to take some of what you've learned about crypto and apply it to other architectures to make something new and interesting that isn't tied to the issues/hype of crypto stuff. Mastodon is a good example of something new/interesting that feels similar to the promises of crypto, but doesn't use crypto/blockchains to implement it.
Coz they need to fool people and making billion of money, by doing actual programmer job they can't do it so block chain is the tool to scam common people.
@@heeerrresjonny Yeah I didn't know that this is what web3 was about. I thought they were trying to just replace the banks and that this was the next step of that but they are actually trying to replace the entire internet which just sounds like a complete nightmare. I think when it just sticks to cryptocurrency and basically digital ledgers blockchain technology shines but trying to base the entire internet on this is ridiculous and dystopic.
I really think it's a bunch of cryptobros pushing this idea because if some how it were to work they'd make a bunch of money off of it. I'd much rather the fediverse. Glad that Meta is embracing it even though that comes with it's own problems.
Hi, iâm trying to create something right now, using nfts, and i tried many times to see if nfts were really necessary. Iâd love to ask you in private about it, to see if you can think about another - better way to achieve it. Would you mind helping a french newbie ? đ
So informative! I've been researching web3 extensively over the last few days. Since I'm still a beginner, I assumed that my ignorance of the subject is to blame for the problems I have with web3.
I was fascinated by the almost limitless possibilities that web3 can give on my first day of studying, so it seems to be just a marketing trick (sell a dream). I'm glad I came across this video.
I think it has cool use cases, but in reality it just isnât there yet for the masses and average non technical users
@@WebDevCody I agree! It's not for everyone as of now. The points you mentioned about smart contracts were on point!!
Same here, I was like do we need to save user information instead of hashes.
very good point. maybe we are more approaching web 2.5 right now
Maybe web 2.1
Shucks first for Good job babe!! Just kidding :p
Thanks for the run down! It was easy to follow even as someone who hasn't really followed NFTs or cryptocurrency. And hubba that squid game contract sounds terrifying :x
LMAAAAOOOOOOOO listenâŠ.. no. Just no lol
This aged well.
Many NFT's underlying asset, the "artwork", is not even worth the monthly storage fee of IPFS.
Agreed. People donât care about the art, they care about the speculative cash grabbing
Thanks for the video, your suspicions are justified. Iâm currently a Web 2 cybersecurity engineer and I am stuck in the middle of wanting to become an expert web 2 penetration tester or put that to the side on dive into Web 3 security and blockchain development. However, sometimes it feels like the Web 3 industry is a scam and not regulated with any real goals and Iâm wasting my time. Also, the gas fees and transferring different funds to wallets and exchanges seems really overwhelming and unorganized. I will say the web 3 and blockchain market continues to grow each year and the salary looks good. A part of me doesnât want to miss out on web 3 development/security in case it takes off, I want to get in early. However, the industry hasnât really matured enough or shown any real goals besides saying we own our own data. Itâs also worth mentioning that our funds in hot wallets can also be hacked into, so I guess we have to wait and see how the whole web 3 industry plays out.
Its just a hype that will remain in 2022
I agree, I was recently kicked out of my bank account after 10 years. The reason was my future plans for my money didn't meet their T's and C's. I dont understand how Web3 or crypto can help other than P2P. I can see the point of Blockchain in regards to voting. I love that idea. Where trust and transparency is key. However I echo your thoughts from a layman/luddite standpoint and really felt like it was "just me" like I'm too slow to get it. But the actually experience of using crypto is complex (each token/system is it's own universe). You can make fatal mistakes at any point and lose all your crypto (which network do you want to use...? Uh, the one that works!) The fees (started with 550 dollars and ended up with 500 once my coins were where I wanted them) etc. Theoretically crypto is exciting. But in practice I feel like I'm suddenly in a bad part of town and I have to hold my bag close to my chest and run!đ
Is there currently a way to tie user login with a digital wallet (instead of email for instance) to a normal cloud database for an app? Or in other words, is there anything useful and efficient from this space or is it all bunk?
Yes, I believe you can sign and verify addresses using web3js. So a user would need to include a signed string in the request, and the backend would need to very it using web3.eth.accounts.recover which would return the public address who signed that string. That is how you could add wallet based authentication I believe, although I havenât done it myself
A transaction in Solana blockchain costs like a very few pennies, and could perform somewhere around 125,000 transactions per second and the smart contracts are written in Rust..that only solves the problem for high cost in transactions in Ethereum tho..
Solana has crashed multiple times and almost 48% of the coins are owned by insiders. Itâs not very decentralized. But yeah, maybe at some point it will be a better solution
The banking system is the reason why we need web3 for a decentralized payment infastructure. It's easier for people in less developed countries to use cryptocurrencies and not be held down by centralized banks that are harder to access.
$1000 dollars to deploy a contract is pretty absurd for eth.
Would have to be a very bloated contract.
$15-20 is what I have been averaging, and this is a one time hosting fee, and anyone can make a UI to use it.
There are many apps that are truly on-chain only, outside of the UI, which anyone can replace, and is not required to interact with the app.
Currently in the process of building a system design agencies can plug in to, find jobs on a job board, bid on jobs, receive feedback, manage their team structures, all on the Ethereum chain.
You could create a job posting without using our UI although the UI is much more user-friendly.
It costs about $.50 to post a job or create a team, and as updates like sharding are introduced this cost will go down.
The contracts you are describing that aren't immutable are called proxy contracts and considered bad practice by anyone who cares about decentralization.
It is very easy to see when a project is using a proxy.
Your problem, is focusing on what you see the main selling point of decentralization.
Everyone has there own and everyone is attempting to achieve that in different ways.
If your goal is to be financially decentralized, replacing payment processors with crypto payments is the best way.
It makes sense that you, the youtuber, only cares about decentralized hard-content storage.
Which could be achieved with on-chain user profiles, linked to ipfs nodes of your videos.
Then you have the problem that if youtube wants to unpin that node whenever, they can.
But there is also nothing stopping you from pinning the node yourself to guarantee your content stays up. There are also free pinning services available.
5 years ago most of this would not have been possible, and ipfs wouldn't exist if it weren't for "crypto/web3" devs working towards decentralization.
The "if it's not perfect it's worthless" is a great way to discount the progress made.
It was a nft contract on mainnet I literally helped a client deploy and it was about .33 eth at the time and eth was around 2k, so yes, a contract can be expensive. Sure, you can deploy your little side projects to polygon, but most people want to buy and sell nft using eth and not some off chain crypto. It does have some use cases, but like you even said âthe price will come downâ is the response we always see, but it havenât come down. Itâs a speculative market which means fake inflated prices. Iâm not discrediting crypto. Iâve been able to pay people in other countries using crypto, so it has good uses, Iâm just saying there is a lot of hype around a tech that can easily be made with todays web technologies. The issue is people always assume big corp is bad so we need to keep all data off of companies. If the company is bad, donât use them or make your own product.
In regards to your ipfs idea, it makes sense, but in reality, even if I host my video links on the chain and have ipfs nodes, who is going to watch them? Sure Iâll have tons of videos no one can censor or remove, but why if no one can easily browse for them? You need a lot of technical knowledge to browse the chain manually, or you need a third party community to build a tool to find my videos, then I need to convince people to download this third party tool so they can see my videos. At that point we have reached a form of centralization again because someone owns and manages that tool. If someone makes a website to help people find my videos, again, itâs owned by a single entity who can easily filter out my videos. Itâs a good idea in theory, but in practice itâs useless because having access to my videos isnât as important as allowing people to stumble upon my videos. CZcams provides me a service by giving me access to viewers, so I need to play by their rules. At the end of the day, the only argument I can find is for people trying to publish highly politically controversial videos or illegal videos.
@@WebDevCody An nft contract for .33eth had to be filled with bloatware, unnecessary libs and interfaces, old outdated openzeppelin contracts. Even when eth was 3k I was deploying nft contracts on mainnet for $20. Many recently for $10.
The contract I'm currently working on w/ erc20 token, governance, job and bidding functionality, contributer profiles w/ job history, and team functionality with team-level governance is around the $25-30 mark at the moment.
Takes some knowledge of the evm.
In regards to big corps having data, I'd rather all non-sensitive data be public access.
In regards to the ipfs idea, if only one company has a UI for the video upload smart contract, then yes that's an element of centralization. But it would be very easy to make your own ui to view your content again or start a competing service. There could also be many UIs for one video upload contract, much like there are many UIs available for uniswap contracts. A new erc standard could be made so there could be many platforms like there are for nfts or erc20 tokens.
The point is the possibilities with smart-contracts, the argument that decentralization for a video platform is not a significant value add is different from the argument that we are going about decentralization the wrong way.
@@C0DSwAgGeR98 I still think you are 100% wrong about the price. Send me your verified contract address for a erc721. The contract I deployed was an open zep nft contract, the most basic one I could find, so unless youâre doing some really optimized approach I donât see how itâs possible. Which provides my point that you need to be good at evm to even achieve, the average dev wonât be able to deploy a cheap contract.
Very easy to make your own ui. Again, this means someone needs to be a web dev to actually successfully use web3. Think about the average person who knows nothing about coding and tell them to decentralize their stuff, itâs not feasible which means they will always rely on a third party centralized entity to help them. Youâre looking at all this web3 stuff as a dev hyped up on web3, instead think about it as a layman who has no tech experience.
Great video, totally agree.
I'm 40 years in IT, some as a web dev. 99% of the new Internet technology is to benefit Internet institutions such as Google, Facebook, Microsoft, Twitter. It does little or nothing to help users.
Worse still is that the technology has become dangerous, invasive and controlling.
We are being fed algorithmic and AI content that makes it harder and harder to get real, unmanipulated information.
Web 3.0 sounds like the Internet giant are looking for way to absolve themselves of any responsibility and accountability.
I would like to get web 1.0 back. Ban the use of cookies and all
data sharing. Get rid of all the advertising and get the net back to being driven by the users and not by the industry.
Governments are incapable of overseeing the Internet because they don't understand the technology and the dangers it has already been showing, let alone where it is heading
The Internet is for the users and we need to be able to take back control.
Governments are largely the problem. One of the reasons big companies are doing shady things with our data is to make the governments of the world happy.
Yeah, I think that if blockchain is even going to be in a so called web3, then it would have an extremely niche use case. This stuff is certainly not worth millions.
Been having the same thoughts since I digged into Ethereum and deployed my own contract. Everything is nice in principle, It just doesn't work in practical terms.
Edit: TBF I love the concept of the Ethereum virtual machine, I believe it still has to get a lot of stuff figured out
You look like a techy version of PsychedSubstance
As a developer with over 13 years of experience across multiple different technologies and industries, and a participant in the whole web 3.0 wave (it just pays good money don't judge me). I can safely say, it's completely useless. slow and annoying to integrate anything meaningful. However, there are a few good concepts around it, for example, authentication using ledgers and signatures is much better and nicer to integrate than the traditional authentication system, but that would be probably the only thing that has the advantage over anything else is just hype.
Also, the squid thing, how it's done it's through a proxy, so it's simple, you deploy a proxy contract that has the base functionality to buy sell the token, then when you're ready to pull the rug you just change the second the contract that's behind the proxy and clean house :)
The accountless single sign in with Metamask is very nice. Honestly we should just adopt that approach for applications and do away with email.
the change is always hard
Governments & criminals shutting down your website/frontend you will survive. Them blocking your bank account or emptying it will land you on the street. That is why money & payments needs to be decentralized.
money is created through debt or value . Without one of those ( usually both) there is no reason for crypto to have or maintain value. Bitcoin has essentially gone through 100% inflation in the last 6 months. Many people went all in on crypto during the last 2 years and lost their life savings. It does not solve problems.
your opinions have been noted
I hear you and I agree. The issue with the current banking system is the banks or central parties freezing or confiscating your funds. Some people need this and hence why these blockchains are worth billions.
A lot of these blockchains are too costly, not reliable and project developers lie about their use case and utilization on the blockchain.
How openSea got hacked lately if it is decentralized ? They said it is secured, actually what opensea got was xss attack, a tiny bar over the header asking sellers with kinda urgency to click on it and then they got hacked,
The only thing that isnât centralized is the contract/blockchain/network itself. Everything built around it for the users to interact with ethereum will always be centralized. The only way to be truly be decentralized is to host a ethereum node on your own machine and send transactions through it, otherwise youâre again dealing with a centralized RPC server which is taking your signed transactions and forwarding them to the blockchain. There is always a middleman.
"NFTs are just a giant joke" - LOL - pretty much man
Did you include "ipfs" into a part of "web 3.0"?
Yes, but ipfs is an actual good web3 use case. Most of everything else in web3 is unnecessarily attached to a blockchain. Although, decentralization for storage isnât really solving a real issue that I can tell unless you live in Russia or china and want to download files the government doesnât want you to see. But even so, the government can block ip requests outside of their country, so ipfs doesnât solve the big issues
@@WebDevCody yeah your right i understand now what you trying to pointing out. More web 3 devs are needed to find out good web 3 use cases. Hope the time will bring it to us âïž
Web 3 has been designed for the bankers that's , they will be able to move large amounts of cash to other countries in seconds as opposed to days or weeks & it's also allows the system to create a tighter global servilance on individuals who use that system
yes you are correct . there is higher authority in these space also which is no liable to anyone of the things...
There are (3) kinds of people who encounter crypto, you're the first kind, you realize there's something not quite right but you don't know exactly what the root of the problem is.
Isnt root of problem just plain old greed? Its called "currency" but nobody is using it as such just as pure investment speculation to pump and dump its not different from any other derivative trading just more riddled with scams and rug pulls. And on top of that valued and converted to that "bad" fiat its supposed to crash.
i think you make some great points. I'd like to talk about my thoughts on this.
1. ethereum gas fee is expensive that's why there are other alternative blockchains addressing this issue.
2. international transfer can be easier and cheaper using blockchain, some countries have strict foreign exchange control, for example, in China, one can only exchange 50000 USD a year. and for many people, it's a good way to mitigate inflation caused by sanctions, war, etc. (of course I'm talking about stablecoins)
3. privacy: you can basically create unlimited amounts of wallets and before tornado cash was banned you can always use it to send money to your new wallets to avoid tracking. not sure how to do that after the ban thought, i guess there should be a way.
4. ipfs is a good use case, as you mentioned. If you like your application more decentralized you can also deploy your front end code to ipfs and run it there too.
5. upgradable smart contract: as a user you need to be cautious when using unaudited upgradable contract. as a builder, there are ways to make upgrading smart contract more decentralized like using DAO contract as owner of smart contract, only upgrade approved by the community can be deployed.
I'm no expert on this topic, to me the worst thing in web3 is scams, there are just so many of them. it probably doesn't live up to its hype right now but there are definitely interesting projects out there.
I wish you were are right. It's not about crypto, it's never been about the crypto and the smart contract layer was in the works for decades before blockchain came around with bitcoin. its about cyber-physical interface and keeping all the track and trace data sets on interoperable blockchain ledgers, essentially decentralized cybernetic domination . All this crypto stuff is a distraction. Did you read the soul bound tokens white paper? Thats important.
Watch this clip "The Human Strategy | Sandy Pentland | Blockchain+AI+Human" from imagination in action.
An experienced developer like me would say the same after one hour theoretically resaerach of the web 3.0 bullshit :-D. You can't use blockhain for all usecases. Blockhain is not an programming model. It's a datsource for single source of truth for a particiular problem.
Exactly. The amount of âwatch me build a web3 appâ videos on CZcams is concerning. Just because you accept ethereum for payment doesnât make your app decentralized. There is very little reasons to store things on an immutable data store that canât be achieved with sql.
I found your video as I was checking if anyone is talking about this or not. This is something to be said out loud. Web3 is so much hyped up, there will be a giant crash coming up when the fog clears. I understand how this makes a little sense theoretically, but this is no way feasible in the current state of things, web3 is supposed to be research led and not business led. It has no place in the public domain currently should be researched privately just like any other technology in its nascent stages.
What do you think runs research, bud?
Good job babe!
Dude you are more right by the minute since you posted this video
I havenât been paying attention to the crypto world. What news happened that made my little video more accurate? More scams and exchanges stealing peoples money?
Host your youtube videos on your own server so you own and youtube cant delete it this would work for most things as long as its one way like a blog or a posting videos but you could also make it have a chating place for your self and friends but this is harder to do then just a one way website aka static but with maybe a prebuild website with all the features you need that can be copied and hosted by your self.
I totally agree, we need give a better uses for the blockchain tech
@Web Dev Junkie I thought what you said in 4:55 already existed.
Watch this clip "The Human Strategy | Sandy Pentland | Blockchain+AI+Human" from imagination in action.
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and it's extremely expensive to operate.
I see you've never experimented with AWS before đ đ
@@curiouslycory unfortunately I did.. Firebase too... Now I'm self hosting using Strapi.
I love videos like this. You don't seem to have some ulterior motive. Just aiming to spread awareness.
I will say that, even if it is a buzzword, "Web 3.0" is still coming. There's too much force behind it to not.
The problem seems more of the scammy use of the word in order to gain marketshare and like you were mentioning certain companies hiding information that should be shared.
lol i've been a dev for 10+ years, everyone who tries to convince me of what 'it is' are non-technical product managers and are just reading off their marketing sheet.
Is your thought still the same after a year?
I havenât touched web3 since this video.
Good analysis. So it is clear Web 3.0 is a scam.
I will be honest when I first heard I thought it was going to be p2p websites. Once I dug deeper to find out how it would work I found it wasnât as good as I thought. If it was p2p then search engines should be free. There would have to be some sort of DNS server or ranking system or something. How else are people going to find your site? The selling space on your computer or a bank is a good idea. And you still could make money on adds on you site if you want. Your site should be free to host from your home computer.
Eggxcellent rant
no one defines it ⊠everyone hypes it
Thanks for this video. Web3 sounds great in principle but under the hood things get very centralized very quick!
Systems tend to centralize when they scale out! People forget that!
Somebody has to say it, its all BS. I Totally agree... it doesn't even deserve the name web3 since, it, whatever it is, cant be defined... Really needed this video!
I am a BIT behind the TIMES - I just saw this today . 12/2022 - About useful ETH2 blockchain contracts applied in TODAY's world with just every day PRACTICAL USE - In Asia someone is using "Blockchain" technology to TRACK grocery products like fish, & meats ( if they where to claim to be for example- organic ) you can scan the QR and verify - ORIGIN - FEED - TEMPS so on. So their approach is about selling a " SERVICE " .Thanks for your input, I am not a code writing person, so I would trust code based ADOPTION. - WHICH IS NAIVE. Best of luck, bye. .......
Yeah i kinda seen it all around the internet as ads ,just a few months ago.and now they are gone .which made me wanna ask youtube ,what happened to web3? Hehe then i foud ur video
Since the competition in the NFT market is increasing rapidly, collections have to bring innovations other than art, that is, they have to make technological innovations. In this way, real-life difficulties are discovered and solutions are developed both for the chain itself and for these problems. We have not yet reached the stage where blockchain technology will move into real-life use, but within a few decades, it will first be integrated into existing technologies (many companies are already working on it), and then we will transition to a completely decentralized world. Until then, we will continue to work on community building and value creation(regardless of social or technological) through NFTs.
Right, I think all of this tech has potential, but right now, today, itâs not worth the massive amount of funding it currently has. People are betting on technology that has little use at this point. Not everything can be decentralized or needs to be. Having a central authority has many benefits, including if someone steals my credit card and spends $500 on it, I can usually get that money back from their fraud department. Good luck doing that with crypto. Also, for a NFT to be useful, such as using a NFT for house titles, you need a central service to enforce the meaning behind the NFT. If the government doesnât respect the values of the smart contract, itâs useless.
Ahhh, 100%
I don't understand why people want decentralization. Imagine you have a decentralized metaverse and because it is decentralized the users are the owners they have tokens and users can collectively shape the future of the metaverse . Suppose this metaverse is a massive hit and lot of people are there on this metaverse . Now when you want to make experience on the metaverse better and upgrade it then since there are a lot of users they will have different opinions and thoughts on how the metaverse should be upgraded . There will be a lot of confusion and chaos even after you vote. How is this good then? make me understand if I am wrong
Stuff will just remain as is if a consensus isnât reached I guess
The dream was that this would free the internet from the big tech. But all the gold diggers basically took away all the attention from the real goal I guess.
Its just a platform ripe with scams and rip offs.
No web2 is a joke, we are spending too much time on useless architectures which can be easily implemented in web3. Users never realize they are using those shit codes.đ
You a crypto bro?
The entire concept of a decentralized web app or service is just a lot of nonsense. Any piece of code requires hardware resources somewhere and that hardware doesn't just exist. They have to be manufactured and procured by someone and once that happens it is considered centralized (e.g. private ownership). Once the app is live, the owner needs to express the T&S for the use of the codebase. This entire way of building software cannot simply be put on its head. Maybe in some bizzarro-communist-style utopia where people will gladly build thousands of servers for free and thousands of software developer will build all the apps in a decentralized fashion and nobody owns anything then I'm all for Web 3.0.
Someone will always have ownership. Software is an organic and every changing, and a group of individuals will always be in charge of updating, modifying, and changing things that will align to their personal beliefs for the most part.
About the banks, you gotta research that dude. The problem with banks has been well discussed, and it's not about avoiding transaction fees. It's much bigger than that.
Web3 is just beginning , All of the problems that you mentioned are real . But these problems are going to be solved and new utilities and ideas are going to appear as the industry grows up . If people keep hyping up web3 and they will . Eventually at some point web3 will be useful .
I saw your message, and I would like to write a short answer. Whenever you doubt web3 ask yourself below 3 questions!
1- why a 19 years old has to work 300 years to buy a house?
2- why Google/CZcams/Facebook/Amazon is free?
3- who is going to own AI?
If you are willing to work 30 years and buy 10% of your fathers house with it, then go for web 2. You donât have to forge into web 3.
wow, so the implication is web3 will magically buy you a house? hehe
seriously, a free house for everyone who goes for web3!
fine, have fun being broke when daddy trudeau decides you have been naughty and your bank account needs to be frozen. Most of the other things you mentioned are very basic nocoiner logic. You are right about the privacy issue though. Thats why I am working on a browser wallet for monero. You just need to lighten up a bit and take a look at the potential here. Imagine a future where all the best devs work remotely in the agora using nyms and software development is not taxed anymore. We will be the new kings bro. think about it. BRO!!!!
I live in the US so Iâm safe from daddy Trudeau for now, plus I got the vaccine and Iâm not working towards brining down my own countryâs economy by blocking roadways. Iâm not saying it doesnât have potential, but Iâm saying in its current state now, itâs not reflecting the millions of dollars thatâs being poured into it. Sure, one day I hope to buy my bread with crypto and not have it drop 30% in value over night or need to wait 15 minutes for the cashier to say Iâm good, but until that point we just have a huge fragmented community all creating new crypto coins just as a cash grab. If crypto cared about the people, ethereum would have switched to PoS a long time ago and found ways to reduce gas prices.
Woke power. Let's go brandon