[remram]

Without the blockchain speak, what does "web3 authenticated" mean? I have to buy an account? (ie "NFT" that lets my "wallet" in, whatever?)

[prussia]

Looks like you just sign a login message with your address' private key, so even an address with nothing in it should probably work.

[remram]

What's the point of the Blockchain then? Can't I just login with a key pair that does not use a public chain of blocks or anything else? Or a single shared key... eg a password?

[zoklet-enjoyer]

"Don’t let the word cryptocurrency scare you! You don’t need any money in your wallet here at Caches. We won’t ask you to buy or invest in any cryptocurrency. You can totally create a brand new, empty wallet if you want."

[pavlov]

Except for that whole “some communities groups on the site are NFT gated” part, which means that you must first buy a cryptocurrency to buy the NFT.

It’s just like a “free to play” game that will upsell you on in-app purchases at every opportunity. I can’t imagine anyone wants their reading experience to be more like that.

“Web3” really just means “the worst upsell shit from mobile gaming, in every aspect of your life — with the extra bonus that you get to risk losing your money on a scammy crypto exchange!”

[DANmode]

You can also be given access NFTs, no different than someone would give you the password of a speakeasy.

[remram]

Isn't an "admit one" ticket the very definition of fungible?

[EGreg]

I don’t get it, Web2 constantly upsells you on stuff and HN complains, but doesn’t blame the underlying technology.

But far be it for someone to store their private keys in a wallet and sign transactions on their own behalf! Nooooo, that has no real applications!