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A sure recipe for success has been to take a 90’s protocol that was stuck in time, centralize it, and iterate quickly.
We are trying to fulfil the vision of the Semantic Web (aka. the OG Web3, before all the NFTs took over!), transforming the web's randomly formatted, human-readable pages into structured troves of connected knowledge, improving both user and developer experiences as we go.
Enabling self-verifiable mutable content items in IPFS using Decentralized Identifiers
"Screw Web3 — my decentralized internet doesn’t need blockchain "
Source: [thenextweb.com...]
[edited by: ronin at 5:03 pm (utc) on Jul 8, 2022]
how much blockchain requires resources, and the cost of energy
I guess we'll need to see where it settles
From the mid 2000s to the present, trust in open protocols was replaced by trust in corporate management teams. As companies like Google, Twitter, and Facebook built software and services that surpassed the capabilities of open protocols, users migrated to these more sophisticated platforms. But their code was proprietary, and their governing principles could change on a whim.
[...]
That’s why the pendulum is swinging back to an internet governed by open, community-controlled services. This has only recently become possible, thanks to technologies arising from the blockchain and cryptocurrencies.
Source: [cdixon.org...]
(My bold).
Minecraft represented an attractive potential market for NFTs, with a user base – estimated at more than 141 million by August 2021 – already engaged in sharing unique digital items developed for the game.
But the Microsoft-owned development studio behind Minecraft, Mojang, has put an end to speculation NFTs could be allowed in the game. In a blog post on Wednesday, the developers said blockchain technology was not permitted, stating it was antithetical to Minecraft’s values.
“Each of these uses of NFTs and other blockchain technologies creates digital ownership based on scarcity and exclusion, which does not align with Minecraft values of creative inclusion and playing together,” the company said.
“NFTs are not inclusive of all our community and create a scenario of the haves and the have-nots. The speculative pricing and investment mentality around NFTs takes the focus away from playing the game and encourages profiteering, which we think is inconsistent with the long-term joy and success of our players.”
Mojang said the creations in Minecraft had intrinsic value and there had been instances where NFTs were sold at artificially or fraudulently inflated prices.
The studio said it was concerned third-party NFTs may not be reliable and could end up costing players. It also said it was worried an implementation of Minecraft built entirely on blockchain technology could also disappear without notice – meaning players would have lost their investments.
Source: [theguardian.com...]
In Web 2.0, we log in to websites and apps with usernames and passwords, so it may seem odd to think of connecting to a website with a wallet instead. But there’s good reason for it: Web3 is built on blockchain networks, and blockchain requires cryptocurrency to function. And because crypto is so fundamental to Web3, crypto wallets play a crucial role in navigating the decentralized web.
Source: [brave.com...]
A DID can work with a blockchain, but it doesn’t have to be based on a blockchain, DIDs are designed to work with any decentralized system. DIDs are designed to decouple from the status quo, removing the need for identity providers (IDPs), certificate authorities and the centralized registries we are so used to.
Source: [resources.infosecinstitute.com...]
Tokens give users property rights: the ability to own a piece of the internet.
@mor10 / Aug 7, 2022: "web3" is the definition of vaporware - an entire imaginary future built on imagined future tech with capabilities everyone describes differently and nobody is actually building, all imagined on platforms powered by the very tech the imagined future is meant to supplant.
I don't know what the first killer app for web3 will be - but I suspect social without the surveillance is a pretty strong bet.
I'd gladly discuss actual tech btw, but there isn't any yet. Web 3.0 is being marketed as new but it's what we already have
So much of this talk of tokens related to web3 etc. sounds to me not dissimilar to direct selling / multi-level marketing etc.
I feel like these people aren't really talking about web3 at all.
One thing web3 and Amway both (allegedly) have in common is [...] turning your friends into wild-eyed fanatics who can't stop trying to sell you on a convoluted and complicated system that they're totally gonzo for, but still can't articulate exactly how it is supposed to work.
What the two cultures really have in common (allegedly) is selling you on a dream of independence, while delivering what is actually total and utter dependence on a system outside of your control, putting you (and your money) entirely at its mercy.
Remember when "crypto" was short for cryptography? And remember what Blockchain was like before it got all financialized? Remember when it was all supposed to be about independence, and decentralization? Remember when it was about freedom, and weird nerds, and cool technology? Remember when people felt about it approximately the same way they felt about BitTorrent?
"Since we do not know how the job market would look in 2030 or 2040, today we have no idea what to teach our kids. Most of what they currently learn at school will probably be irrelevant by the time they are 40."
I see what you describe but don't care to embrace or reject it, yet.
web3 is decentralized and is built on / relies on / can't run without the blockchain
a personal cloud for small home servers like Raspberry Pis