d future is s0 fucken briht, bradas sistas.
but how do I give someone .0045 cents for no apparent reason??
Don’t forget the 40 dollar transaction fee
Monero transaction fees goes brrrrrrrrrrr
It’s just less than 10 cents
The only people that think this is correct are ones that learned about crypto 5 years ago and never thought to update their information. The lightning network allows for tiny bitcoin transactions with sub one cent transaction fees. In addition to that, the transactions happen in less than a second.
As long as you have a channel with that person preconfigured and funded right? Otherwise you need to do an on chain transaction with on chain fees to set up that sub one cent transaction.
Shhhh, don’t point out how there has to be a large pool of the currency sitting in someone’s account and that the person often disappears with it all or spends it. That upsets their narrative. No regulation or oversite is GOOD.
It’s also centralized and just a bandaid over an issue that could have been solved if Bitcoin had stayed true to its original intention, i.e. digital cash, not a fake store of value.
Everyone who believed this was true lost a lot of money betting on Bitcoin Cash.
Oh and show me people who bought Bitcoin in early 2021 that haven’t lost cash please.
Man, why is every one of your comments just wrong?
01.01.2021: 23902
today: 26143
Oh sorry if I don’t keep up to date to the daily movement of Bitcoin… I mean, I wouldn’t have because it’s a store of value and the basic principle of a store of value is the ability to use it and be guaranteed to have what you put in or close to it…
It’s also centralized
Nothing about lightning is centralized, unless you think bitcoin itself is centralized.
https://www.reddit.com/r/btc/comments/s3tvox/is_lightning_network_decentralized_why/
Great explanation by someone who isn’t a maximalists. Sorry but yes it is.
Haha. Fees are high and it’s impossible to open a channel because of that? That’s beyond stupid…
No, it’s centered around large nodes, that’s the point they’re making.
Over 50% of the network’s capacity in the hands of 5 entities?
https://www.reddit.com/r/btc/comments/vo86ki/over_half_of_all_lightning_network_capacity_is/
Shit’s decentralized as fuck yo!
Heck, Bitcoin itself had the majority of its hashrate coming from a dictatorship where the state needs to have a representative in all major companies… One move and the Chinese government had control over the network.
#decentralization
GNU Taler. Ah, question was rhetorical :)
Really wish Taler to be available for use in the first country.
Me too, I really like the concept, also have demo-purchased by app with it. Hope it will become usable reality at some point.
This could be so awesome for electric scooters or anything tradicionally having coin insert.
Even if/when GNU Taler launches, somehow I don’t think the VC-backed app scooter companies are going to be adopting anonymous payments anytime soon.
Now that’s a definition I can get behind.
Don’t forget about nfts there the future man they can’t be replicated man where can you spend 100k and by the end of the week your investment is worh $3.50
NFTs weren’t created to be the proof of ownership of digital art, they just happen to be associated with that because that’s what the majority of them were created for.
The NFT isn’t the art that can be copy-pasted to any computer, it’s the proof of ownership. Criticizing them by saying “I can just download a copy of the picture!” is like saying copyrights are useless because you can use tools to rip movies from streaming services, sure you “own a copy”, it doesn’t make you a rightful owner of it from the perspective of the law.
NFT’s also don’t implicitly make you the rightfull owner. The basketball NFT’s content still explicitly belongs to the seller. The only true way for NFT’s to work for digital content is to have a contract that specifically states that the NFT proves ownership, but you might as well write it directly in the contract at that point.
This specifically depends on the project producing the NFTs. Some grant full ownership while some do not.
But there worthless because digital art is intrinsically less valuable than real art
The intrinsic value of any art is what someone is willing to pay for it.
For example the world’s most expensive NFT, The Merge by Pak, sold for $91.8 million. Its price was higher than the sale of Jeff Koon’s Rabbit, the most expensive artwork by a living artist at auction. It’s all about personal tastes and how deep folks wanna dig in their pockets with this stuff.
How? Please elaborate.
A real piece of art will always be more valuable than some electronic picture
No, I asked that you elaborate, not that you repeat the same thing using different words.
Real art = analog art? I need to tell all of my electronic musician buddies.
Where you spend 100k for a JPEG
Its not a jpeg man its an nft it uses blockchain man it can’t be replicated its totally the future now let me plug in 50 gpus I got to start mining
Its not a jpeg man its an nft it uses blockchain man it can’t be replicated its totally the future
It’s funny you say this because in the near future once blockchain usage becomes more mainstream, you’re going to see NFT tech used for things like concert tickets, sporting events, movie tickets etc… because they can’t be counterfeited and produced at a fraction of the cost of traditional tickets. As long as the NFT sits in your crypto wallet, you’re granted access to the event.
People tend to forget how much the original web was plagued with scams and such, or maybe some are too young to even know much about it… Crypto is new and will take some time before it matures. But I believe decentralization is the future and is one of the reasons I’m on Lemmy.
I dislike this take to much.
First of all, crypto doesn’t protect you from scams, just look around you.
If you get ‘one true crypto’, you get locked in by its architecture, and there’s always someone who controls said architecture. The chain is decentralized, but the core is not.
Also, tickets are controlled almost exclusively by a central authority, which owns the venues, so there is no way in hell they will let you keep a ledger of every purchase of every ticket. It’s better for them to keep it concealed.
There is so much bullshit in the crypto hype, it’s almost funny.
If you want to put crypto anywhere, do the stock market first, and then get back to me.
Possible but I really don’t see how nfts are any better than the current digital tickets system
They JPEG isn’t even on the blockchain for the majority of NFTs. It’s just a URL to a JPEG on a server someone else owns. If they take down the server, sell it, it gets hacked, the url scheme changes, etc someone is now the proud own of a broken link lol
Look at me is federated and decentralized
I am the web3 now
Hadn’t thought about it this way. Good meme.
Trying to claim the term “Web3” is a futile battle. It is already widely understood to mean crypto and blockchain. If I see a job posting that says the company is built on Web3, I know immediately that the job is built on scams and grifts without having to ask further questions. Web3 as a term is ruined already.
For this to work it must be a different term than Web3. Maybe “Web 3.0” is different enough?
Web Cubed
How about Fweb or Feb?
Web3 usually means it’s decentralized. So yes, in most cases it’s cryptocurrencies
But most cryptocurrencies aren’t decentralized!
What? That’s the whole point of crypto currencies.
Dumbass lemmy.world hot takes
Bro how you going to insult a whole instance
Edit: oh I see why, you’re butt hurt about getting defederated.
They’re not defederated, only specific communities are blacklisted from syncing on lemmy.world.
If they were, they wouldn’t be able to post in any lemmy.world communities or even comment on any posts of lemmy.world.
All very good points, I should probably finish my coffee
Lemmy.world is the normie us-centric lemmy server
…and?
Normie land is reddit. If you can’t think critically then best leave
How about you shut the fuck up, Edge Lord, And leave other people to do their own thing? Gatekeeping Lemmy is not critically thinking.
Web3 is a game changer. Try to escape the bubble of info you’re consuming on these pro imperialist instances
Web 3.0 was the semantic web.
Hey, it has so many uses. I can’t name a good one that isn’t actively being made a scam, but so many uses. Wave of the future. Buy crypto, trust me.
“Is not about the technology, it’s about the money.”
also Web 3.0 was already a thing (semantic web), cryptobros just stole the term.
“Web x” is dumb marketing speak. It exists because people who use the phrase can’t intelligently talk about the actual underlying technology.
I think it’s useful terminology, but only very generally and in hindsight. Web 1 is a pretty clear era in the 90s and early 2000s, characterized by simple static blogs and personal websites, and email. Everyone knew this would be big, but nobody figured out how, that was the dotcom bubble. Web 2 began with the rise of big tech companies like Google and Facebook in the late 2000s, it has been characterized by social media apps, centralized platforms hosting user created content, funded by targeted advertising and data mining. Web apps became possible and smartphones took over. Every product became a subscription service.
I think we’re at the start of web 3, but it’s hard to say what that is yet. The big tech companies are crumbling and there’s increasing unrest at the old system of web 2. Fed up users are turning to platforms like this. There’s a lot of demand for crypto nonsense like NFTs. AI is changing the way we do everything.
I hope that web 3 is the age of decentralization because that would be awesome, but it’s impossible to predict the future.
Or perhaps Web 3.1. But seriously, I would call it the Federated Web.
The FedWeb
Can’t quite put my finger on it but something about this doesn’t sit right with me
Feds Web
Time for Web4
I suggest forking Web3 into at least three competing things
as long as they all compete to be the standard, and aren’t going to communicate with each other well, I’m in!
Just do what USB does and call it “Web 3 v2”
Web 3 v2 final (1)
Nice meme but pls
Maybe same text just laforge format. Fediverce is star trek.
Removed by mod
Drake is a creeper, give it time and you’ll see some allegations and court dates pop up.
Lol I didn’t even know it was drake, I just thought it was some guy
What’s a Drake?
It’s like a Tate, but Canadian.
Not defending Drake, but he’s definitely not nearly as mush of a monster as Tate.
Of course not, he’s Canadian.
Dumb take is dumb. Digital ownership is the “next” internet whether the bootlickers want it or not.
Blockchain is stupid and cryptocurrency is a scam.
The technology behind them are very impressive, but yeah their execution seems questionable. Monkey pictures for a million?
Blockchain and cryptocurrencies are pretty cool from just a technology perspective. At university I studied a lot of math and cryptography and that happened to be at the same time that Bitcoin became a thing. It could have some real applications, but scammers and cryptobros ruined it for everyone and now I can’t even say I find crypto (meaning cryptography) cool without seeming like an asshat.
Blockchain is an unchangeable (unless you own the only authority as we’ve seen, or you fork it) database that can only grow. It HAS to have multiple, identical instances or the owner can corrupt it. I’m not sure I see any benefit here except for potential security. But we’ve seen blockchains get into the terrabytes pretty quickly which isn’t that feasible for large-scale operations.
You’re right about that for sure. But a few TB isn’t that big a deal anymore, and if there was a need to deal with it we could come up with something… or just not use it at all. 😎
Digital verification and tokenization of securities would prevent all fraud in the stock market
Instead we got scams on top of scams and zero use out of either. Wake me up when anyone finds a use that isn’t theft. I’ll be in fucking torpor by the time I’m woken up.
Talking shit about early-alpha type shit is so dumb. People said the exact same shit about web2
But I don’t like web2
Lol, web2? When Facebook, reddit, amazon, twitter, etc pretty much killed the internet and consolidated most users under themselves. That was an unmitigated failure for the internet. It has directly led to the homogenization and garbage heaps we have now.
Web2.0 is a “failure” so why even both fixing the system?..
Web3 isn’t fixing shit. It’s more techbros trying to steal more of the internet. How many NFTs you own, bro?
lol. So all the fraud in the crypto space that isn’t being prevented is a feature?
Virtually none of the fraud in the stock market is because of lack of verification or tokenization.
Please lemmy.world god, tell me what the fraud in the stock markets is from
People lying about the underlying assets the stock represents? People cooking their books? Pump and dump scams? Receiving multiple lines of credit against the same assets?
What forms of fraud are solved by tokenization or digital attestation that are prevalent today?
Rehypothenticaton and naked short selling would both be entirely eliminated globally
Neither of those are fraud, bud. You just don’t like them. Vote for people who also don’t like them. Blockchain won’t solve either.
How heavy are your GME bags?
I call it web3.0++ its web3.0 after the concussion wore off.
it’s insulting to consider cryptocurrency or blockchain as any kind of next generation thing
Oh, yes. Good luck preserving the value you spent your life creating in your cash/fiat money while the printer goes brrrr. When bank bail-in happens to bail out the rich, I’ll be laughing my *** off. I bet you don’t even know what bail-in means. It basically means the banks will take your money to bail themselves out, like Cyprus in 2010s. It’s the plan if a crisis happens. Read about it.
Also, I hope you enjoy the social credit system after Central Bank Digital Currency becomes a normal thing, and then be cut off the financial system for being a “bad boy” with a press of a button. Today Nigel Farage is the bad boy, tomorrow it’s you (but you’re good boy, aren’t you?).
Your corrupt politicians can’t pry my cryptocurrency out of me even if they wanted to. They won’t even know how much I have. I can, on spot, drop everything and leave to a new country when things get bad (they never do, now do they? I gotta stop with the conspiracies… things are perfect)
Chickens will come home to roost. I guess we all pay for our decisions after all. That’s what life is about. That’s why I care not when people lose their life savings because they trust governments. They chose that.
I also think IPFS (non filecoin version) could prove useful in the future as well.
what if web3 is anonymous overlay networks like Tor hidden services? It a completely new concept to internet itself, and if directly implemented on hardware it will be true Web3
Why would you need to implement it directly on the hardware? Wouldn’t that hurt adoption? Something like Veilid seems like a way better option to me. It’s just a shame the documentation is so lacking (last time I checked).
I hate the term Web3, the name itself feels like gaslighting. It tries to imply like it’s the next step for the web. It’s just grifting and is absolutely impractical lol.
Notice how Web3 blew up because of insane VC money, then suddenly dies what feels like overnight. They didn’t care about decentralization, otherwise they’d actually invest in non Blockchain bullshit. But then they can’t scam with crypto coins.
Because it fucking gaslighting. I remember having this WTF moment when I was reading the O’Reilly Ethereum programming book.
If web 2 was html 5 and css3, how does a protocol that relies solely on money being transacted make the basis of web3?
This sounds exactly like a VC plot. “There will be money exchanged on every transaction”. I bet they lost their minds in the pitch room when they heard it.
Web 3.0 is the semantic web, and Web3 is the decentralized web. Those are essentially the definitions in their simplest terms.
I see some people considering these as separate things, but I never saw it that way. I’ve always felt that what we call Web 3.0 became the framework and foundational ideals for what grew into Web3.
Web 3.0 said, “let’s make everything machine-readable. let’s create parity between the physical and the digital.” The goal being to digitize the offline world so as to facilitate using the digital to support the physical.
But how do you do this? The more centralized a technology is, the less exposure it has to the wider world (with scale working to counteract the effect until a certain point). On the other hand if you decentralize the technology you can give it to everyone and let it be everywhere, and then use the decentralized network as the summed total potential for the platform.
Web3 is developing into this kind of technology. People started simple, recreating currencies like we use but digitally and decentralized, and then built ramps so that they could be converted to fiat and other goods and assets. Then the cloud storage concept was translated to a decentralized framework and we got IPFS. Then the currency tech was modified so that non-fungible assets could be delineated. This tied together blockchain and IPFS as a storage solution to allow blockchains to overcome bandwidth limitations.
Now we have people working on things like linking house titles to NFTs. Regardless of the how this would be used, I find that this is directly relevant to Web 3.0. More and more real-world objects are becoming digitized and machine-readable. Of course there are weaknesses in our current solutions: Lack of two-way functionality, limited decentralization of many databases & code, immature incentives for maintaining data integrity, limited polling ability for many data sets, and so on. But just because it isn’t perfect, doesn’t mean that it isn’t the semantic web. Web3 is what Web 3.0 looks like when it has come to life.
This causes me to consider the criticisms of Web3 in regards to Web 3.0. Some resistance is clearly due to the natural friction of new technologies being adopted by society. Some of it is also political, though - crypto and IPFS are often associated with the far-right, for example. Some of it is memetic transfer through social interactions which extends the discussion into communities that aren’t clearly identifiable stakeholders. Some comes from the authoritarian mindset, since these technologies enable dual power that is often discussed in the context of undermining states.
The criticism that I finding missing on Web3, is the Luddite criticism. We hear a lot of fear about AI making our jobs redundant. However I haven’t seen that same economic anxiety expressed around Web3 yet. Instead the major discussions (in terms of socioeconomic factors) seem to reflect a focus on “scams” and the idea that cryptos are “lottery tickets.” There also seems to be some schadenfreude, often targeted at the perception of well-to-do individuals investing their excess wealth and losing it quickly. But no objection from workers worried about becoming redundant. I do think the technology makes that possible in the big picture.
The web was always decentralized though. In fact Web 3 brought more centralization. Everything is in the cloud now, which is really just two or three main data center operators. That’s my techno luddite take.
