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by bkm 1485 days ago
This person very clearly doesn't get Web 3.0.

Your kid enters a wrong birthdate on YouTube? Gmail account gone. File identified as DMCA material uploaded to Gdrive? Gmail account gone. Theorized about covid origin? Disinformation; Twitter account gone.

See the pattern? The key to a decentralized web is federated, decentralized identities. Sure, you can self-host videos, blogs and forums and let people create accounts for every website, but being able to log in with your wallet and pull graph data is THE non-financial killer app of Web 3.0. Log in with Metamask or Phantom on a few sites and you'll see what I am talking about.
1 comments
mccorrinall 1485 days ago
Why do I need a currency, which is used for trading, for this?

The federated web already exists. (Matrix, Jabber, Mastodon, Torrents etc)

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bkm 1485 days ago
Web 3.0 is more than trading (arguably speculative) coins.

Nader Dabit has done an excellent job describing the use cases: https://www.freecodecamp.org/news/what-is-web3/

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headsoup 1485 days ago
That reads like fairytales and wishful thinking which entirely ignores the substantial corruption and manipulation of the 'crypto economy' that exists now.

Everything mentioned int it can be done right now without crypto, it's called FOSS, and people have worked out how to monetise their ideas while keeping them open and reusable.

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dylkil 1485 days ago
you dont need a currency, its just another product of byzantine fault tolerant systems. Decentralisation has many products, currency is one of them.
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