Web3 is here and it's glorious

I suggest forking Web3 into at least three competing things

Just do what USB does and call it "Web 3 v2"

Web69

Which is pretty much what activitypub is a part of.

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.

The FedWeb

Web 3.1 for Workgroups?

It's not a bad idea but federated is the term they're using to tell everybody not to get off reddit because it's too confusing.

I think whatever name you give it they're going to try to sell it as being too confusing.

You could call it distributed web but they'll taint that as soon as you stick it in front of them

But most cryptocurrencies aren't decentralized!

"Is not about the technology, it's about the money."

Bro how you going to insult a whole instance

Edit: oh I see why, you're butt hurt about getting defederated.

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.

Monero transaction fees goes brrrrrrrrrrr

Really wish Taler to be available for use in the first country.

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)

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

Your corrupt politicians can't pry my cryptocurrency out of me even if they wanted to.

All they need is a $5 wrench lol

I ain't reading allat

I feel like maybe you could have been more hostile. Why dont you try again, and really let it out this time!

Crypto bros love to bring up CBDC, like we don't have a centralized banking system with credit cards already lol. I wonder if you're libertarian!

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.

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

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

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.

But there worthless because digital art is intrinsically less valuable than real art

I'm gonna wait for Web 3.11 For Workgroups.

Nah, we renamed Web 3.0 to Web 3.2 Gen 1 to be less confusing, you're thinking of Web 3.2 Gen 2.

Or web 3.0 minus. As in minus that libertarian bullshit.

Electricity costs money unfortunately

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.

Well, I guess I just used a „scam“ to pay for my VPN subscription. Later today, I will use another „scam“ to pay for my email service. Tomorrow I will use a „scam“ to pay for a VPS. Some day, I might use a „scam“ to rent a seedbox. So unfortunate that your so called „scam“ is actually usable to make payments online. In fact, those „scam“ payments are in some cases better, then‚ using a absolutely trustworthy credit card issued by a definitely trusted a reliable bank. Because banks never collapse and they never scam their customers. Such trustworthy multi-billion dollar corporations, I really don’t see a reason to distrust them. Depending on which “scam” you use, your payments are actually anonymous, just like cash. But the government and your bank don’t want you to use cash, because that way, they can’t track all of your transactions. They hand you a credit card, and they advertise it to you, and you actually start thinking that it is supposed to help you, while in reality it makes you a slave to the corporate and government-lead surveillance system. Fuck credit cards, fuck banks and payment providers, fuck central banks and governments. Use Monero and stay anonymous.

Digital verification and tokenization of securities would prevent all fraud in the stock market