[theK]

You now too have a wallet that slowly drains while you use the internet. Web3 wallets are just better integrated into it.

Also, there is a misconception that the cryptocurrency based web is like dial up. It isn't. What it is is: 1. a way to decouple the ownership of the digital goods from the service that gave them to you 2. a way to actually do privacy preserving computing 3. an open layer to build added value things that can interact with assets and services others have created (think web2.0 in the bookmarklets era but your bookmarklets can talk with any site)

[TobyTheDog123]

Which of my wallets is draining as watch YouTube/TikTok/Twitch or read HN/Reddit? I have guesses on what you could mean (data, attention, etc), but some clarification would be nice.

1. There's no question that ownership is going to be a hot-button issue going forward, but I don't see how decentralization solves that problem (i.e NFTs being on ten different chains).

2. How does it preserve privacy? If I share data with a third party, what's to stop them from copying it over and ignoring my request to cut it off?

3. What is that added value? If you're talking about data portability that's certainly an argument in favor of decentralization, but that has a mess of competing & conflicting standards to wade through (see #1)

[theK]

Good questions.

I actually meant your normal wallet or bank account. They have a tendency to go towards zero even if we don't do anything because we already are paying monthly to be connected to the modern world. But yeah, attention and data are also good example of ones value draining away while using the web.

Re 1: most L1 blockchains have bridges to each other now. This means that I can move assets from one ecosystem to another quite easily. If one discounts the ethereum network, moving across chains is actually quite economic as well.

Re 2: in web2.0 sharing your data with another party was the only way to play. In the decentralized internet it is not. There is a lot of interesting work going on in this domain actually.

Re 3: I'll use an example from the gaming world but the concepts are transferable to non gaming 1 to 1. If Activision decides to create digital collectibles in their games today, I as an indie Dev cannot create a game where a user can log in and have their Activision stuff available in my game. In web3 these assets are encoded as state on an open platform so anybody can integrate them in their applications. In the case where NFTs are 1st class chain state, like in Cardano, you are even guaranteed that you can trade your NFT on whatever platform you choose, be that an indie game or the originating marketplace. Is it clearer now what the added value is?

[cxr]

> I actually meant your normal wallet or bank account.

Unless I'm on a mobile provider plan with data caps, the cost of consuming an additional Web page is zero.