Hacker News new | ask | show | jobs
by lowkey 1638 days ago
For users

Web1: read only

Web2: read-write

Web3: read-write-own

7 comments

> Web3: read-write-own

Web3: read slowly - write slowly - vague claims of "ownership" limited to particular blockchains each with no authority over anything off-chain.

But hey, smart contracts allow a long chain of intermediaries to bleed a percentage off all transactions.

How do I own? I mean I realise I can buy NFTs which I guess are "web3" but then I can buy a bunch of stuff on the normal web including stock in facebook etc.
buying a stock on web2 vs web3 gives interesting properties because of ownership.

for ex: take an instant USD loan on your stock, since you are the owner only your authority(signature) is needed. In web2 world you go through middlemen.

Your stock is not hosted on the web.
This is a nonsense meme. I used web message boards like ezboard in 1996.
I do care if that data gets leaked or if that data is used by third party companies for things I have bought and I do not want them to know. Why should a bank do my credit scoring based on my what am watching on Amazon or what books am I reading
people enjoy reading and writing more than they care about owning their data. I don’t care if my Amazon purchase history is on Amazon servers or mine.
This is a very cool description! Hits to the point
Web1 was not read only. If we do not consider things Geocities - phpBBs and others were before web2.