Is Web 3.0 Dead? | a16z Chris Dixon

[@Arthur_Kizito]

Why I Still Believe BlockChain...Because my LP's and firm a16z have invested billions into crypto and blockchain and need to see an ROI.

[@trading-university.]

lol facts

[@Manhasnoname8645]

You make my day

[@jwolpert]

At least you’re honest about the dishonesty. ;)

[@LifeWerks]

Tired of these click bait tittels that don't represent whats actually in the video.

[@genteka5106]

Thank you 🎉

[@Ray_eddi]

Complaining instead of listening & taking notes from an internet OG speaks volumes about you!

[@themore-you-know]

Most of crypto is... ... a solution in search of a problem.

[@mr.delajungle6999]

Oh brother if u think centralisation isnt a problem, u didnt consider it yet enough

[@themore-you-know]

@@mr.delajungle6999 , where did I say it is void of problems? Do you notice how you did not attack my argument, but rather built a straw man?

[@Matt90541]

@@themore-you-know if it's not void or problems why would crypto-advocates have to search for one?

[@TheStephaneAdam]

@@mr.delajungle6999 Crypto is heavily centralised, and will naturally become more so. It's banking but super slow, expensive and unsafe.

[@Sergiopoo]

Crypto is a solution for a problem people aren't aware they have, until it is too late and centralization owns you.

[@devagarwal3250]

tired of watching blockchain buzz video with no absolute usecase

[@Dineshkumar-dh1bv]

lol

[@srikanthlanka4536]

I think cryptocurrency are useful, but should not be a financial instrument and other weird purposes . IPFS , Decentralised Apps are useful .however somehow people want to make fast money with fast marketing creating hype and blow it up to be a bubble.

[@thebingewatcher5407]

The usecase is : dumping on retail perpetually.

[@heykike]

There are use cases (finance and supply chain). The problem is that these use cases are already exhausted and there is no need for more web3 startup.

[@V3racious3]

You're less of a usecase and more of a tool.

[@user-wr4yl7tx3w]

Trust is gone. Mostly hustlers.

[@HaiLeQuang]

You don't suddenly OWN things. You need regulator & lawfuls certified your ownership. But when regulators come in, what's the point of crypto?

[@tensenpark]

I hated to see the explosion of low quality NFTs for the sake of being NFTs. Casino is such a good way to describe it. But I agree with the video that tracking copyright of artifacts on the internet can still be quite significant someday. I wouldn't be surprised if we get some awesome applications/platforms for that in the future

[@anniethealchemist]

thank you just bought your book.

[@CemilSinasiTurun]

Mr. Dixon, I read your book and liked it very much. Is there a Turkish translation being made? I would like to make your book part of class reading material for my "Cryptocurrencies and Blockchains" class as well as the newer "Cyberculture 2.0" class in two different universities.

[@willcowan7678]

Crypto isn't dead because scams occurred, it will die because there is no utility yet. BTC could persist as a value store, maybe stable coins will persist, but as for everything else -- has there been any real utility? I thin the idea of DAOs is really interesting but this idea as not been realised in a great way yet.

[@V3racious3]

All sorts of industries are poised to be disrupted by blockchains. Utility bro.

[@devinward461]

Crypto does have a utility. It's *great* for money laundering.

[@trippy9865]

How could Web 3.0 possibly let you "own" your followers again? Centralized services would need to acknowledge and work with the protocols of "web 3.0" and explicitly code in functionality to let you leave which they never do. Why would letting your Club Penguin users leave for the ripoff alternative that got made because they don't like you (and later abandoned like most alt-tech projects) be on the top of your development priorities? Even if you agreed with the principles, you're replacing a perfectly reasonable technology (databases) with a Rube Goldberg machine that: 1. cannot have its transactions reverted if your user gets hacked. 2. is in competition with a hundred other Rube Goldberg machines which are all covering ponzi schemes 3. is a waste of energy The core of the internet is freedom. If you want a free internet, keep it as free as possible. The Indie Web will save the internet, Crypto Monopoly money will be a forgotten relic that our ancestors will be puzzled by

[@mrbdrm2]

First time ever someone explain the issue and provide the solution very well said

[@justafreak15able]

Crypto went downhill because of all the crypto bros and greedy oppertunists. Once big institutions started dumping loads of money into it, it was obvious nothing had really changed. That whole “power to the users” thing was just a tagline. And was there any problem that it actually solved?

[@mr.delajungle6999]

Beauty takes time

[@Dineshkumar-dh1bv]

i think blockchain technology try to accommodate data is owned by the creators itself in the internet network without the need of third party to regulate the existence of the data. now the third party can be large companies like meta, google, amazon or govt agencies or banks and the data can be money, videos, photos, virtual token assets which exist. the use of case of blockchain will take time to adapt by the mainstream society but blockchain technology is promising as world is getting smaller with help of internet and trust is factor need between parties who interact on internet which blockchain trying to address

[@mnatth]

Nice exp

[@heykike]

Narrator: "It is"

[@ldon7319]

Although I think a lot of what was said here was informative, it wasn't wise. So to a specific point, about the casino vs computer, his hope is that more regulation would happen. I don't think I can imagine a subject anywhere that more regulation was the correct answer over innovation and letting the market provide the answer. Take our current climate with Google, Facebook, News of any variety. These are all giant monopolies where the only regulation that gets passed actually benefits them. Facebook for example, gets to operate as both a platform and a publisher and enjoy the privacy benefits of one and the profit benefits of the other to the expense of the user. Regulation has been floated multiple times that would absolutely solve 1st amendment issues and it never passes. Why is that Chris? Its because regulation isn't a sealed space, it's a one way vacuum that only benefits left wing ideologies and policies but never the other way around. If a regulatory policy passes, it benefits a left wing cause. You almost never see the reverse of that. Now as a technologist and software engineer myself. I know that you can not stem the tide of technology, you can only capitalize on it. But the idea of web 3.0 has been around for a very long time and we're not seeing the implementation, and I would disagree entirely with the statement the rules and regulations improve it, because the decisions to punish or reward behavior are not black and white. Prosecutors don't look at crimes in the first case based on the crime but who committed them. In the case that google, facebook, amazon or whoever started to game the system. There would be rumblings of consequences but none would ever materialize. However an individual bad actor doing 1/10,000 th the damage is who would ultimately get prosecuted. Web 3.0 is very promising in the idea, but until it can be completely free of these influences it will never materialize the way you're describing. That's why we're in year 3 talking about it with no implementation.

[@oliverwolfson]

When you say it benefits a left wing cause what do you mean? What right wing cause could be served by regulation?

[@pizzadoe7922]

If regulation came, a lot of his fund's assets would wither away too. They literally funded garbage like BAYC, everyone dislikes both in crypto and outside, and Axie Infinity. He just wants regulatory capture to play out in the space so he force retail to play their VC-rigged casino games. These VCs have no problem with casinos. They just hate the casinos they can't make money off.

[@salarhajimirsadeghi]

I get dumber everytime I watch these videos

[@sputnik8543]

They like crypto because it circumvents the traditional liquidity event model that traditional companies go through ; billionaires and millionaires printed over night with whatever wipe your rear coin is in fashion

[@user-wr4yl7tx3w]

Nothing said here is new. Same spiel.

[@mikhelBrown]

Be humble. You never know what you'll learn when you are patient.

[@user-wr4yl7tx3w]

@@mikhelBrown Not if this industry including VCs is doing everything possible to prevent regulations or even just abide by existing regulations that all other financial institutions have to follow. so many elders have lost their life saving, dues to scammers that have been enabled by lightly regulated crypto.

[@akojev297]

Biggest use cases of crypto: money laundering, drug and human trafficking. As well as bilking retail ‘investors’, of course.

[@stevedillonphoto]

Everything you listed also happens with cash….

[@stereocodes]

real programmers around the world all thinking to themselves "web 3.0 never was". Blockchain offers no real solutions for the web, security, anonymity, tracking. all those concepts we already solved in a better way using existing technology. if blockchain was so revolutionary in any of those fields how come we see absolutely zero investment from any tech. Its only real use is for startups to gain 2 years of salaries and then dip. NFTs are for grifters and the concept is quite stupid, how can you possibly have value for something I can right click and save as? Crypto has 100% failed, the only two currencies anyone cares about are eth and bitcoin. All other cryptocurrencies are scams(in the publics eye), its synonymous with scams and pump and dump. I do agree with this guy about technology being "neutral" but I will say that the Hype for web 3.0 is basically non-existent. But that doesn't mean web 3.0 is "dead". The problem is that no one has a found a game changing idea for it yet. All the ideas so far are easily taken advantage of, already solved for, or just bad.

[@NanheeByrnesPhD]

Web3 sounds like it's dead on arrival. The perceived problems don't have solutions due to the tragedy of the commons.

[@loomNotFound]

Spoken Well

[@darkreaper4990]

Yeah the current ideas and the way things are run on Web3 are mostly trash.

[@sujitwarrier4857]

The biggest problem with crypto that I found was the mining. Basically every wasted a huge amount of energy in order to mine. But the process of mining is artificially made difficult to control the rate of mining.

[@NanheeByrnesPhD]

@@sujitwarrier4857 Absolutely. The energy consumption and pollution aspects make the misapplication of the tech social evil.

[@Skubidi-qy8hb]

Jobs are secured or not is the question now! Maybe the industries too

[@p4r7h-v]

I'll save you 20 minutes... "yes"

[@pajeetsingh]

Don't add music wth.

[@flcor]

He’s right. Blockchain is a powerful technology that has the ability to deliver a decentralized internet. Its use has been too much focused on crypto. There is still a lot of unrealized potential.

[@dandefox]

If you think this is bad you should see what people had to say about electricity.

[@chillbeach7322]

You literally have to pay for any event to be register on the blockchain....

[@V3racious3]

You want your cake and to eat it too. Own the infrastructure and pay for it or let the corporatocracy own you and make you the product for "free". Use a fast and efficient blockchain with low fees. It costs a fraction of a penny to send millions worth of XMR on the Monero blockchain for example.

[@coin_time]

what a shenanigan

[@0x_cromosomes]

Blockchain technology's only use case is to secure and move around bytes of data that represent ownership. that's it, no more, no less. Which is what Bitcoin does. Internet services "on top of blockchain" does not make any sense. That is why Ethereum has no use, and no single one of this promises has happend

[@Toddgarrett21]

wow this awesome 👏 I'm 37 and have been looking for ways to be successful, please how??

[@deviceinside]

pray to God

[@2xehpa]

Learn to play the bassoon

[@NanheeByrnesPhD]

Blockchain is here to stay for its role in security, such as its use in politics (e-voting), financing, and supply chain management. But I am doubtful of its application in token economies like NFTs. I understand the idealism of Lockean "owning the fruits of your labor," but in reality, how are you going to enforce your intellectual property as an ordinary person? Big conglomerates like Sony can defend their intellectual property, but not each individual. That’s how Napster collapsed. I sometimes see images from my educational videos in other people’s content, and all I can do is write a comment. I don't have the means to take them to court.

[@kuoyusheng]

In most case you don’t, but if it’s a service built on top of blockchain, then you can easily enforce it within the service through smart contract. So the key prior for useful NFT, is a useful blockchain application that many are using and give a shit.

[@heykike]

It's just a TBTF Situation. VCs wasted so much money on many useless peojects, that now they will do whatever it takes to provide some ROI to their LPs

[@thinkingcitizen]

Voting for elections is actually the only real use case for blockchain

[@Rahel-2005]

great video! thanks. I have some issue with my OKX wallet, what should be done for transfer money to binnance accs? do i need additional code? here is my paraphrase hair bring slogan plastic basic grace syrup submit cliff leisure one jungle

[@AndrewHunterSA]

kzbin.info/www/bejne/lXTSmGx-h6eNors&ab_channel=BloombergOriginals - as this link is almost the opposite of what Web 3.0 represents !

[@thunderdemonlover]

If your own block data but you do bad things & black market trading. How do governments control your own data 😅😊. Please think about again 😊

[@V3racious3]

Clearly you don't understand how blockchains work.

[@EnterPlayMode]

💯💪🏾

[@megalomedia]

Bitcoin has a future.

[@ARCHAPEL999]

Sales

[@V3racious3]

It's funny because as slow as the Bitcoin blockchain is, it will be your great grand kids future by the time every person on the planet can receive even a single transaction of BTC.

[@ayonibrahim9985]

The concepts around blockchain technology, and web 3 are completely uninspiring, and opposite of what was once liberating. Tech bros have ruined the internet.

[@corail53]

A16z is a joke in the valley and the VC world these days.

[@reveaLthE]

Web 3.0. What a joke

[@taaayooos]

Srs!

[@adamwallace7638]

Lol

[@neutralcaotico]

People talking about web3 and no one ever use a real web3. Awesome, no news. Hive is the only truly web3 i know.

[@iDannyism]

There's actually some good information that comes from these videos but the editing and cutting is so horrible, it's actually intolerable. You have fairly serious thought leaders in this series but the way you cut everything makes it seem like you're changing the original context of the response. You're literally going out of your way to make your own content less trustworthy.

[@jasonjimenez9116]

AI killed web3. Lol

[@ayoolajohn]

GM

[@jorgeandresstadthagen3067]

community is the key for web 3.0........

[@heykike]

"exit liquidity is key for web3.0"

[@233hao]

People are addicted to short form video. The internet is now a vehicle for short form video. No one cares about Web3. It’s done the game has closed. 🎉

[@lewiskirvan5106]

Technology is neutral? Don't listen to anything else he says.

[@caskraker]

Web 5.3 is there. You are outdated, dino.

[@anubhavnegi4230]

is web 3 dead? well thats quick....

[@byzantinecaptain]

Blockchain and crypto is shit. Bitcoin is based.

[@Manhasnoname8645]

Why would you like to be a part of this scam, sir?

[@Jemaswi]

What are the best strategies to protect my portfolio ? I've heard that a downturn will devastate the financial market , so I'm concerned about my $200k stock portfolio.

[@jameshealwriter]

Gold

[@V3racious3]

Go back to your parlor.

[@TheDrokon]

Chris Dixon bet his career at a16z on blockchain and here he is, still shilling. My breaking point was when I blocked him and many others on twitter when they wouldn't shut up about NFTs. I've read the bitcoin paper, it's very clever. But the unique use cases are not many.

[@sagarjaid]

He’s right, Crypto and Web three is mistake :)

[@demokraken]

Was it alive in the first place, that’s the question. New hype on the streets, nobody cares anymore about solution, that had not found its problem for 10 years.

[@nurulakter3724]

I think crypto will be dead soon.

[@charbelziadeh4367]

lol this didn’t age well