Is web3 a scam? | Jan Liphardt | TEDxBostonStudio

[@ferinzz]

The amount of bots on this video is astounding.

[@ponrajk22]

Answer: YES , it can be.

[@LostMekka]

I don't think the two use cases given are viable either. The trustlessness property only holds as long as everything that is done by any participant is done on-chain. As a company or nation, you can still use the blockchain to document your carbon emission reductions, but just lie about them. There is no reliable way to prevent people from colluding and entering bad data. In the charity example it is still possible that the charity organization colludes with the receivers of the funds and diverts the money once it is off chain.

[@biplabroy8991]

Exactly this is where ORACLEs come into play. Chainlink, IXO (Cosmos) are such projects built on blockchain that bridge the realworld data into the blockchain world in a relatively more TRUSTLESS manner.

[@ferinzz]

Trying to justify a system that doesn't need to exist is always a fun exercise. The only use I still see with it is to perform transfers between countries more easily and without a third party involved.

[@modiceinsanus]

There is no incentive for web3 to become anything. When I was younger, I drank the crypto coolaid. But almost everything comes back to some sort of centralization to fix cryptos inherent issues. Problem then becomes centralized systems with 0 safeguards; and we've seen how that story has played out so far

[@DigitalTokenTechnology]

any tool can be used to bad or good

[@Steven-cp7lt]

one is transparent the other not. One can be manipulated, one cant. One leads to higher trust and can be 100% democratic with higher security.

[@wazeemkhan7903]

Why dont you try to fix the corruption rather than trying to bypass it with blockchain… corruption still existing and that is why blockchain is corrupted. Ps Bitcoin is horrible for the environment.

[@ventacode]

Blockchain is not trying to bypass corruption, and even people can leverage it to consume more corruption but thats not the point. A technology is invented and highly utilized by dark world why not we people utilize it for the good sake

[@DigitalTokenTechnology]

This will help people understand the nature of web3

[@saturnteatree]

Yes…

[@darealberrygarcia]

37.3M subscribers and only 7 comments in this video 🤔 Can you say BOTS

[@gavinlew8273]

Forget Web3, let's go Web4 :D

[@EsquireR]

it can do everything! right? right? mere idea of a system for a century, while it didn't exist a decade ago - pretty bold

[@Krypto_Knight_33]

They’re only painful at the moment because the technology is so in its infancy. Just like every area of tech, it’ll speed up exponentially. Then it’ll just be beautiful!

[@edwinjons4697]

Sactacrack is a professional in his field much respect sir💯💯

[@wazeemkhan7903]

Blockchain has ZERO real use case users.

[@wegder]

Imagine all the lies this guy told for an hour. I won't be using web3, I'm not a crypto fascist. I'm old enough to remember the world's most generous billionaire. I don't support human trafficking by crypto.

[@Steven-cp7lt]

😂

[@quixotic7]

The elephant in the room. Centralization.

[@blockchainprofessor.x]

And we're all building "Web3" Dapps on Web2 currently

[@Steven-cp7lt]

too big to see

[@Aloe534]

stop wiggling around dude

[@satyaschannel4391]

Hi

[@AbdazeezRidwanAyobami]

This is fantastic

[@vijaybgood]

Good basic lecture.. Logical to the point.. Thanks

[@swampy1234]

Logical, to a point I'd say

[@JosephH-k9y]

Yes😅😂😂😂

[@blessingsolomon1164]

The wisdom that you impact and your word of encouragement is the Best GREAT WORK *SACTACRACK*

[@edwinjons4697]

Sactacrack is a professional in his field much respect sir💯💯

[@blessingsolomon1164]

The wisdom that you impact and your word of encouragement is the Best GREAT WORK *SACTACRACK*

[@blessingsolomon1164]

The wisdom that you impact and your word of encouragement is the Best GREAT WORK *SACTACRACK*

[@edwinjons4697]

Sactacrack is a professional in his field much respect sir💯💯

[@edwinjons4697]

Sactacrack is a professional in his field much respect sir💯💯