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by grey-area 1636 days ago
Opensea is managed by opensea staff, Bitcoin and Etheream are in a very concrete way managed by the devs. You absolutely cannot guarantee anything about access in the future for sites based on web3 - if anything it is worse as there are two gatekeepers, the site owner and the cryptocurrency (so for example gas fees might go up making a tiny transaction very expensive, or a currency might fail).

Nobody wants a truly distributed org because it is impossible for anything to get done, just as nobody actually wants to use a distributed currency because the costs outweigh the benefits, and the web we have is distributed enough, though of course it has flaws and is in some ways too centralised now, but I don't see how web3 as currently sold helps to solve that.

The biggest problems currently are around identity (SSO), and microtransactions, but neither of those are solved well by existing cryptocurrency solutions or things like NFTs.

2 comments

> Opensea is managed by opensea staff

Opensea is just a viewer and tool to interact with contracts. If your NFT is removed from opensea it could still be interacted with through another platform or a platform you make yourself (see notlarvalabs).

E.g the developer of a large NFT platform called hicetnunc had a temper tantrum and deleted their entire platform. But because it’s decentralized another platform (objkt) now provides all the same functionality with the same data.

Because of this you can see why there are such passionate people either side, a lot to gain but also a lot to lose if you’ve normally profited from owning data.

That’s the theory, in practice the largest market wins, nfts are often urls to a particular service and opensea does things like this:

https://blockzeit.com/opensea-nft-marketplace-stops-hacker-f...

This is very much controlled by the intermediary (as well as the chain it uses).

Microtransactions will be solved by Brave/BAT. They have the largest user base which is very important for negotiating with publishers and advertisers.