The Dream of Digital Ownership, Powered by the Metaverse | Yat Siu | TED

[@maxziebell4013]

The appeal to "true digital ownership" in web3 and the metaverse carries the assumption that ownership inherently translates to freedom and prosperity. However, this overlooks the potential for digital ownership to create exclusivity barriers and transform public goods like knowledge into commodities. A shift to a marketplace model could undermine the internet's original promise as a free, open space for sharing human knowledge. Moreover, the idea that digital property rights will safeguard against control by platforms or future AIs is not necessarily substantiated. Ownership could just shift power dynamics from corporations to those with significant digital assets, leaving the average user still under a form of control. Rather than unquestioningly endorsing digital ownership, we should scrutinize its limitations and explore more equitable alternatives.

[@projectburpees]

Erroneous.

[@maxziebell4013]

@@projectburpees your argumentation took me by storm 😂

[@2CSST2]

Ironic that you talk about not being substantiated, where is the evidence for your own claims? "Potential" for ..., "could undermine" ... Of course, a whole new paradigm has the potential for a lot of things, can do a lot of things, that's sort of the whole point. If we'd just focus on the negatives, because there always is in such a shift, nothing would ever change. Digital control can easily be made to limit the power of those with more digital assets. That's the whole point of decentralization, and why everyone who's minimally informed about the blockchain knows some project are more centralized than others. But that's not the only reason, the other reason is because it can be made transparent WAY more easily than when the whole thing is controlled by a big company. Of course eliminating all centralization is just about impossible, and achieving one goal in a complex economy often entails sacrificing another. But at least, it IS possible, AND again, transparent. If you actually have any alternative, feel free to propose them, Web3 itself is full of alternatives, that's one of its many appeals. But a speech as yours only amounts to instead unquestioningly endorsing ownership by big companies.

[@projectburpees]

I can offer more, except I was working. @@maxziebell4013

[@projectburpees]

He's on the defensive team pay no mind and build :)@@2CSST2

[@dside_ru]

Thank you for having the decency to provide a definition of the metaverse that you're talking about. The fact that you have to do that is a brilliant showcase of immaturity of the term. Most of the industry folks I talked to used the term Web3 for what you defined.

[@DarkoNomad]

From metaverse to glorification of capitalism and property rights... it can only look like an expensive video game for people who'd rather escape reality then face it.

[@bhutan5857]

Activision and EA made over $7 billion last year that's capitalism alright you are just getting milked for it and you're ok with it.

[@LeungOn-mv2pg]

Great speech! This phenomenon essentially mirrors the real world, but it's now seamlessly integrating into the digital realm. With so many people shaping their lives through their computers, the protection of personal data, online creations, and digital purchases is rapidly gaining importance. Exciting times are on the horizon

[@MarieSwan]

It's an incredible view of the future. Definitely. Places like the Middle East, France, Southeast Asia, and Latin America are already getting on that train. Surprisingly, there are a lot of people that still don't understand the capabilities, and where this is all going in a couple of years. I think this man is way ahead of his time, hence why this is not very easy to understand for so many people. It's exactly a mirror of what the real world is, but now it's translating into the digital world, as many many people live their lives through their computers, and will start to protect their personal data, their creations online, and the stuff that they buy online as well. Fun times ahead.

[@PiranhaGamer3]

The real capitalist world fucking sucks, if you "translate it into the digital world" all you do is make it somehow even more abusable. Wake up, you're being used as fodder

[@BrianPeiris]

Bitcoin was invented 14 years ago, but I'm sure it's going to take over the economy any minute now.

[@DanDroidz]

​@SivalinPuthery except when you're on KZbin writing comments.. Your comments create engagement and adds value to the video and by extension revenue to the platform. And yet you ain't seeing a penny for it. That's what the video is about..

[@kyleweatherly6642]

​@DanDroidz The platform, in this case KZbin provides a free service. It allows users to look at videos that pertain to their interests, self help guides, reviews, entertainment and news. It also allows so people on the platform to making a living providing those services. Running servers, maintaining staff aswell as other expenses isn't cheap.

[@siloporcen]

@@kyleweatherly6642 ?? what you're saying isn't even close to a justification. this system is very unsustainable in the longrun. yeah whatever, YT "needs" some abundance of money, but at the same time YT panders to short-form content designed to exploit your dopamine and diminishes your attention span AND sells your data to whomever entity probably making 20-50x in returns off your simple click PLUS your daily browsing tendencies, searches, & habits; it's downright TOO invasive if they simply "need to just pay off sever costs" as you say. at this point, you'd be straight up CRAZY to say we don't deserve a piece of the cut for our contribution. so yeah... the consumer adds value to the platform, but also, the consumer gets *decimated* in the longterm, while the producers run off with the profit(ps. the platform is NOTHING without it's userbase / algorithms and AI are nothing without userdata input int the first place / a celebrity is nothing without it's fanbase). point is, you dont have to exploit the consumers like they are a money farm just to achieve whatever selfish goal you wanted at the end of the day.

[@unixtreme]

We’ve had the metaverse for decades in the form of MMOs. This isn’t a new thing, people have actually been more immersed in these things than his new scam designed to own your virtual life/reality. Grifters everywhere.

[@carsen161616]

Eve Online has been cruising along for 2 decades now.

[@visq]

what you fail to realize is you do not OWN those items in those games. If that MMO went offline or if they got bought out by a bigger company, they can change the entire rules of the stack of that MMO. They can close that marketplace, they can delete your items. You can't do this on blockchain which is the point. You truly own the items you earned and hold. And if for whatever reason that network gets hacked by future AI, since most of the code is interoperable with other networks, you can simply moved that value of ownership to another network and continue business as normal. You can't do that anywhere else.

[@Boris247]

NFT and Metaverse promoters always ignore the most obvious problem - the implementation.

[@memyselfandi8544]

The problem is that anything virtual has infinite supply and limited demand, and therefore no intrinsic value as a store of wealth.

[@rcnhsuailsnyfiue2]

⁠​⁠​⁠@@memyselfandi8544that is exactly the problem that NFTs solve. I don’t mean NFTs like those lame ape pictures, but the underlying economic concept of something being non-fungible. NFTs allow us to take something digital (and therefore infinitely replicable) and provably verify that only a single genuine copy exists. As “online society” continues to expand, we need a way to prove ownership of intangible digital assets. Maybe these assets are silly JPEG “art”, or maybe they’re something more meaningful (like a share in a business, or ownership of a domain name, or access rights to a commercial service). NFTs solve the problem you are referring to.

[@nirui.o]

This is like watching someone talks about why KMT is great and why you should join it right before the year of 1945.

[@bhutan5857]

so the CCP is better you say? Go Communism

[@sachamm]

This is the same vision we had for the internet itself back in the 90s. The problem now is the same problem then: companies are not incentivized in any way to allow their assets to be used on other platforms or to share or play nice with anybody. These assets -- whether you "own" them or not -- are not useful outside the walled gardens built by the corporations and never will be. Think of it this way: if you're a corporation, are you going to spend money on a building a feature into your product who's only goal is to take control and money away from you? The only way around it is to build a separate economy of Open Source games and digital assets that could interoperate through NFT and the like in a meaningful way.

[@exp8all]

This would only works if there is a enough believers for web 3 and nfts. Right now, there isn't. This is why they are trying to recruit more people to become believers. This is why it's currently a dream.

[@mynameisnotmax]

It will become a reality when the real world becomes a more toxic place than the digital world.

[@memorabiliatemporarium2747]

It should remain a nightmare and be forgotten.

[@xDeadghost2012]

They just need more cult members... i mean believers 😂🤡

[@ChristianCTaken]

Big "Be your own boss!" vibes

[@memyselfandi8544]

The Metaverse is bs. Everyone knows it but lizardboy. The last thing this generation needs is a distraction. It needs a wake up. Don’t get burned alive with your head up your but.

[@mariotorrecilla254]

I get a feeling that metaverse mostly interests the companies, and not the regular Joes

[@memyselfandi8544]

It’s a distraction. Like gladiators back in Rome. Meanwhile the rich steal the actual property. Nothing changes. Just the names and places.

[@name-ug5xq]

All of this sounds really good only if you know nothing about tech/gaming/internet

[@vienlacrose]

DRM, copyright, nfts... Imagine engaging in fantasy escapism while bringing the worst parts of the real world with you.

[@turbyoulance]

where two world's clash , that of reality and insanity. The material and the Imaginary. Like a real Ice Cream and a cartoon Ice cream ,one that can never be eaten.

[@falloutfreeman627]

I-I-I JUST BOUGHT MORE LAND IN THE METAVERSE!

[@dachicagoan8185]

Everyone does this and then wakes up in their parent's basement

[@BrianPeiris]

In 2023 Yat Siu has been appointed to the Task Force on Promoting Web3 Development newly established by the Government of the Hong Kong Special Administrative Region

[@2CSST2]

Congrats, you read the last line of his Wikipedia page, but did you actually researched the source link to see what his role is about or one sentence is all you could do? "The Financial Secretary, Mr Paul Chan, said, "The blockchain technology underpinning Web3 features characteristics in respect of disintermediation, security, transparency, and low cost. It has the potential to solve many difficulties and pain points encountered in finance, trade, business operations and even day-to-day life. Hong Kong is an international financial centre and a metropolis attaching importance to innovation and technology, and embracing the megatrend of Web3 development. Premised on a balance between appropriate regulation and promoting development, Hong Kong seeks to lead and drive innovative exploration and development, create more new application models, and strives to draw together top-notch companies and talent in the arena to build a thriving ecosystem. With the Task Force bringing together leaders and professionals in the sectors involved, I believe their valuable advice will help Hong Kong develop into a Web3 hub."

[@ianlister7333]

oh thank goodness, "more capitalism"

[@Beatness121]

Just what we need! /s

[@ianlister7333]

@@Beatness121 LMAO yeah ok, if you say so.

[@SurfbyShootin]

The Internet Capitalist: The World's Foremost Problem

[@Digitalgovermentdreams]

I believe in this idea

[@aipingZhang-z7r]

VcityMeta Based on science and technology With innovation as its wings Soaring in the vast and boundless digital world

[@danielcausevic4403]

Couldn't have said it better! I'm buying as much Sandbox land as possible right now.

[@Buckzoo2030]

I have always pondered why I can’t get a tiny flake of profits from companies that milk my data perceptually. Please make it happened ASAP. Blockchain for potentially 10 billion people by 2050, how do you get cheap computing powers? I hope I don’t have to pay too much to keep the portfolio of my digital rights. If it does, ppl will see their or rent their portfolio.

[@MarieSwan]

That last part you mentioned. Fair point.

[@hungrymusicwolf]

Digital rights would be rather hard as they would all be owned by the person with the control over the technology, which in this case would be Facebook, excuse me, "Meta".

[@bhutan5857]

@@hungrymusicwolf the point of the talk was to say that the metaverse is not Meta but something were we can truly own our digital property and data did you watch it?

[@hungrymusicwolf]

​@@bhutan5857 Yes I did, but a liar saying they "aren't lying" is not exactly convincing. These companies aren't exactly different. Fair enough, this guy is from a different company. Not really though, big companies having blanket control over the human rights inside of said technology will if not always then almost always act in that manner. It happened with Meta, it happened with Google, it happened with every major technology company. Absolutely zero difference which exact company as any company having so much power over people is a problem. Web3 is just another utopian dream idea that when examined more closely proves to be a dystopia instead. Quite frankly his ideas are so delusional I didn't even want to go into depth about them. The level of delusion can be best pointed out in this statement (delusion that echoes in his other beliefs): 4:50 - 5:46 "People don't buy this burkin bag because they want to put stuff in it. 99% of its value is entirely virtual network effects" ... "Its utility is a very distant second. This is perhaps true for almost everything we purchase in the real world." This is something that only the very rich and self-centered can belief. Deluded to think the world will just magically continue to work if we ignore the utility of systems. It won't. This is a delusion formed from rich people only talking to other rich people and not realizing there's a world outside. This is the delusion of the people who flew from major city to major city in the US and asked what all those weird patterns on the ground were for... those were farms. Or the people who answer the question "where does your food come from" with "the mall/supermarket". His other ideas echo a similar dismissal of reality. Ideas such as "digital ownership". Ownership is a principle that can be enforced using A. the state, and B. the people's physical ability to threaten and overthrow the state. If either of these is gone ownership as a concept diminishes. That's why in dictatorships being wealthy is a lot less useful, because the state can take it whenever they want. Ownership as a concept is useless because it is missing B. the people's physical ability to threaten and overthrow the state (/the group enforcing ownership). With technology companies there is no one that can overthrow them digitally. So if society is digital then the only way to overthrow them is to kill them in real life and pray to god you can figure out their technology long enough to keep it running. His ideas as you can see are completely delusional. They ignore the basic principles of reality. Balance of powers between the people and those ruling over them maintain structure. Put a bunch of tech overlords and make the entirety of society dependent on said technology, well, you've just set up one of the most horrible dictatorships in reality.

[@MarieSwan]

@@hungrymusicwolf Meta is a Web2 technology mogul, which is in fact not compatible with what the Open Web3 ecosystem brings to the game. Web 3.0's aim is decentralization, and the possibility for you to have full decision on what to do with your data or any digital purchases, and belongings you have or creations you make. Once you go in the rabbit hole you start getting the incredible possibilities. But it is still too early and still some way to go before Web3 can really be appreciated, understood, and most of all, really decentralized.

[@LicoInvestments]

Great video. Too many Gamers are clueless that NFTs are vastly better than their "trinkets" that they waste money and time on. This is a new tech that's sadly too complex for the simple-minded to comprehend. Give them time.

[@siloporcen]

yeah it's crazy how people treat this concept as something hard to understand. they look at current events and just think they know-it-all there is to know about crypto/NFTs. now that i understand AI/AGI and how it ties into web3 and onchain stuff it becomes very obvious just how far ahead in the future these simple concepts are. very futuristic but also pretty tangible and realistic you'd think most would just get it, but the more you learn about this the more you realize just how far away simple-minded is from understanding this stuff.

[@shadowfreaper8158]

@@siloporcen add XR " AR VR MXR " or metaverse it pretty simple to see where things are going but the masses are asleep talking useless things

[@siloporcen]

@@shadowfreaper8158 💯💯💯 glad to know I'm not alone.

[@tommypain]

The emperor is wearing no clothes. Wake up, people!

[@justinbrooks5526]

The comments below tell me three things 1. The fear those display on concepts they cannot grasp due to “change fear” 2. Advocates have a long way still - however technical speculation has driven our species further. 3. It’s coming people, you’ll be in the train whether you like it or not

[@hungrymusicwolf]

I am pretty sure that to most people that's a nightmare not a dream.

[@samuelzev4076]

The metaverse in my opinion is the old concept of 3D intermet experience renewed because of all the hype. However in reality we already have a metaverse, it’s called Grand Theft Auto Multiplayer 😅😂

[@sugiartosugiarto5306]

he said metaverse not only 3D internet experience , just see the video again

[@MrRaptore999]

Stratos Network is one of the infrastructure projects in Web 3.0 that will bring ownership to the people

[@mathew00]

I'm not rich but just wondering, who is going to pay for the server farms and their power bills? I think that should be part of the talk.

[@BernardineMottai]

I really appreciate your efforts! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?

[@Kaylee-t1l]

Thanks for the breakdown! A bit off-topic, but I wanted to ask: I'm using a SafePal wallet with USDT and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?

[@YetiCoolBrother]

They keep trying to make digital scarcity a thing, like the word "fetch" in Mean Girls

[@BenjaminIMeszaros]

No one needs or wants this, except people who have already dumped a bunch of money into it.

[@27gv]

Upland Metaverse!!!!!

[@GhostReaper5.0]

World economic Forum ( you will own nothing and be happy ) let that sink in ….

[@joeldheath]

Scarcity/Ownership is a bug of physical systems not a feature. Attempting to replicate that bug into digital spaces where it doesn't naturally exist is folly.

[@bhutan5857]

you prefer the complete abolishment of property rights as Karl Marx has stated?

[@joeldheath]

@@bhutan5857 Prefer? sure, but implementing that in a world that's hostile to it and with plenty of people who will readily exploit anything available to them makes it a non-starter. In the context of the digital world, we should take the opportunity to try different approaches if for no other reason than that the constraints are different. Robotically replicating the properties of the physical world into digital spaces is about as unimaginative and anti-innovation as you can get.

[@bhutan5857]

@@joeldheath I don't think that is what the talk is about if you mean replicating physical world into digital spaces. I understood it as having rights to our own data and whatever the data makes in other worlds digital property rights. Current world examples does not negate the idea of having rights on our data. The argument goes that blockchain can solve the provenance issues the industry had previously with DRM etc

[@joeldheath]

@@bhutan5857 I remain skeptical of the value of digital ownership. 100% of the proposed uses and implementations have turned out to be unenforceable for any practical purpose and rife with opportunities for fraudsters to exploit. With the spectacular failure of anything and everything blockchain over the past few years, the burden of proof is squarely on the evangelists to show us the baby instead of telling us it will all be great just around the corner.

[@dadaulili7457]

Enlightening! Thanks for sharing.

[@infinity3119]

Startin up the SkyNet Matrix. Here we go!

[@charlesperez5716]

I totally agree but in my opinion we should not mix metaverse and web 3. He is more talking about web 3 than metaverse. Of course we have some intersections such as decentraland but most of web3 projects and NFTs have nothing to do with what I call a metaverse : VIP Virtual immersive and persistant space

[@Leon-pm6lr]

Ownership means responsibility. With Web3 you will be accountable to every action you do. You can‘t just copy something or use certain services. It‘s an controlled environment, which is not the same as web1 or web2.

[@Donya-n7f]

Thank you so much for this amazing video! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?

[@AZMYTHKAMINSKI]

Gotta love more perceived value that takes us farther away from our humanity. Maybe one day will realize that humans and our beautiful souls are the only thing with real value, as well as Nature and the natural world.

[@sugiartosugiarto5306]

i believe metaverse would be huge if it happend, and people who says metaverse suck ,just i magine etc would consumed by their own words.

[@rcnhsuailsnyfiue2]

Lots of wrong assumptions in the comments here! ​​⁠​⁠​⁠​⁠NFTs are a genuinely useful economic innovation 👀 I’m NOT referring to overhyped pictures of apes, but the underlying economic concept of something being non-fungible. NFTs allow us to take something digital (and therefore infinitely replicable) and provably verify that only a single genuine copy exists. This is a vital component underlying many economic principles. As “online society” continues to expand, we need a way to prove ownership of infinitely-replicable digital assets. Maybe these assets are silly JPEGs, or maybe they’re something more meaningful (like a share in a business, or ownership of a domain name, or access rights to a commercial service). NFTs make a fully “digital economy” feasible. There will be huge opportunities created for the people who understand this early.

[@siloporcen]

yeah, the concept of digital & data ownership is paramount. but because mass consumers act off emotion first, they are controlled by fear so it's no real sense wasting energy to try to get them to understand such an concept to them. they dont wanna listen or be rational on a subconscious level sadly. people just dont quite understand how technology evolves despite growing around it for decades oddly enough. tech like crypto & blockchain tech is such a novelty currently; novel tech is bound to be littered with bad launches/examples AND bad actors. i mean just look at the first 'cellphone' that was ever created, the thing was the size of a brick and looked very cringy, but fast forward like 6-7 years and then we get an iphone. this is the concept common folk simply cant comprehend lol. our society is regressed sadly, they see new tech struggle at first then their first move is to think negatively about it. the key is to always look towards the future.

[@rcnhsuailsnyfiue2]

@@siloporcen great observation 👍 Makes me wonder what innovations I’m dismissing elsewhere, which are obvious to people who understand them 🙃 I remember buying my first Bitcoin in 2012, for $30 or something like that… Without fail, every year since, I’ve been told it’s a “meaningless scam” by someone. As the years go by I’m learning more about the economic theory behind it, how it actually serves a specific macroeconomic purpose, and in what ways it is better (and worse!) than fiat currency. Just wish I hadn’t spent it in 2013! 😂

[@siloporcen]

@@rcnhsuailsnyfiue2 mhm i hear ya! bitcoin is a tool of sorts. like every tool, they can be used to do both good AND evil. the simple fact is that bitcoin & crypto are now being completely bottlenecked by bad actors preforming ponzi shenanigans currently. so people only focus on these bad actors, and that inhibits their ability to see into the future. our ego latches onto negativity cause that can evoke fear to make a person gravitate to safety/comfort. AI/AGI is the main component that will help to remove that bottleneck that crypto is suffering from currently i feel. the growth in AI will lead into a more "web3/metaverse" since AI needs user datasets to work. this will create more demand for data ownership and compensation for adding value to things as a consumer ='s less consumer exploitation kinda. which will then allow crypto to do what it was actually meant for back in 2012.

[@JustinDeRosa]

Ted. Marketing worth fact-checking.

[@shitpostingsandwhich]

Digital ownership is my new favorite oxymoron.

[@DangerAmbrose]

Do these web3 grifters really believe their own bullshit?

[@rufusrupo]

No, they just can't conceive of things having value outside of a dollar number and so they want everything to become a store of value. It's gross

[@plufim]

No, but they need others to so they can cash out their crypto holdings

[@StigHelmer]

Just as much as fortune tellers believe in their predictions.

[@HaileeRattray]

Thanks for the forecast! 📊 I have a quick question: 🤷‍♂️ I have a set of words 🤷‍♂️. (behave today finger ski upon boy assault summer exhaust beauty stereo over). I’d be grateful for some help. 🙌

[@voidfinality]

Problem is virtual space can be duplicated infinitely

[@plufim]

Stop trying to make fetch happen.

[@KL00032]

idk the details but it feels like Income Disparity is directly copied to the metaverse as well

[@CarlosPardo]

A new occasion for grifters to leverage millions for empty worlds and promises. All in a neat package ready for thirsty investors Ownership is what you can pass-on and transfer What is ownership when you don't even own your dematerialised games, music, podcasts, digital currency, nfts. It's all platform / project dependant What can you leverage when the service you invested in doesn't not exist anymore or is deprecated ? Hard pass

[@bhutan5857]

you are wrong about NFTs and anything on blockchain they are not platform dependent that is the whole point. Your music in web2 are deprecated yes but not in web3

[@lypsoty1123]

The metaverse is an interesting concept, but it's still unproven. I see his point though..

[@danmarius]

I don't expect metaverse to be better than facebook, and facebook is as bad as it gets.

[@JazevoAudiosurf]

all intentions of meta/facebook have been greedy and generally bad for humanity in the history of the company. change my opinion

[@sophiaisabelle027]

Digital ownership meant that there’d be lesser copyright infringements or plagiarism from occurring. Thanks for shedding light on this issue.

[@rufusrupo]

It means no such thing

[@BadNessie]

Ted, we need to talk. Sounds like wordplay, but seriously. We have to talk.

[@LilKakarotGoat]

So i don't own my gmail inbox??? Damn... Well i do have a nice handcrafted mailbox in the 0penWeb3 metaverse. I have a tiny piece of farmland by the river there but me and the squirrel neighbors can't gather enough digital treats for the maildog to even wanna deliver the nfts that we ordered months ago

[@Schmandgrab]

it was all a dream...

[@JCOwens-zq6fd]

The dream of "digital ownership" is a contradictory statement for cannot own what does not actually exist. You can own something that a digital stand in represents but the digital artifact itself cannot truly be owned.

[@bhutan5857]

you think you own your house physically? Tell that to the people who live in Sudan where anyone with force can just take whatever they want? That is why blockchain is useful because a digital artifact can now truly be owned that's the whole point.

[@rufusrupo]

@@bhutan5857 what...?

[@siloporcen]

@@rufusrupo if a digital asset is tied to your wallet then you truly own it. how would it be forcefully taken? tbh it's isn't really about "digital ownership". this is about DATA ownership. if 'digital ownership' becomes a thing, then the natural result because of it would be data ownership. if you cannot conceptualize all of the benefits that come with that then there's no need for me to explain further.

[@newcapitalism]

@@rufusrupo what allows you to actually own your house is the question it is not the physical house it is the paper that proves you own it which is a virtual construct.

[@banana420]

"from enabling digital ownership and the creator economy to providing a much-needed update to capitalism" TED you're a joke. This is capitalism on steroids, unchecked and uncontrolled.

[@newcapitalism]

then you're a socialist?

[@dand4848]

doing business digitally will reduce carbon emissions from fossil fuels. also uses solar panels as a source of electricity.

[@NJ-ig8sy]

Could anybody explain what is metaverse

[@MarieSwan]

Hi. Yat Siu is talking about the Open Metaverse which is inextricably bound to Web3. Web3 is kind of like the next generation of the internet, let's say. It refers to open communities where you can be a part of as a participant. But not only that. You also have a say and a stake in a particular project if you want. Some projects have a specific form of transaction (i.e. a token) that has (or is supposed to have) value. The value is accrued depending on how strong that project is, and how useful (utility) their products and services are. The project can be in any industry, it doesn't only apply to gaming. It can be in the fashion, sports, or education industries.

[@dammbdf]

This talk is an example of E in TED - entertainment.

[@josephk5523]

When you loose jobs to AI's, when you can't go out because of lockdowns, pollution due to "climate changes" and possibly war people would start looking into metaverses

[@siloporcen]

someone had to say it.

[@rigodon97]

So let's be honest once and for all. 99% of us dont like/want/need it. Thank you bye.

[@ChristianCTaken]

It's a dream because it's fake

[@evolutionxbox]

I hope this never comes to pass

[@SurfbyShootin]

I digitally own the Talmud NFT

[@rogelioayento4546]

Philippines

[@PiranhaGamer3]

Stop hosting these grifters

[@jwolpert]

Amen. And thank you for saying it. I spent a decade down the grift well of crypto and blockchain. Crypto at least was always pretty clearly a coin-go-up gambling scheme, but what’s really galling is the technological gift of blockchain tech, which can’t ever do what we claim it can…not because “it’s early” but because there are some things that the laws of physics and causality simply don’t permit. Anyone with a passing understanding of distributed systems could tell you why…but we didn’t. Why? Let me tell you what a major professor that teaches blockchain said in private: “Of course we can’t scale distributed ledgers (blockchains), and layers and zero knowledge don’t solve it, certainly not to support a digital currency use case, but I can’t say that because the dean of my department thinks we can sell more blockchain courses.” So…there it is.

[@Brisius]

I really don't get, why these Web3 guys are all so motivated about crypto and Blockchain. In the end, it's nothing different than modern capitalism. Creating a DAO is nothing else than creating a company. People who buy stocks can become a share holder. And people who buy crypto can become a shareholder. The benefits seem not like 9 or 10/10 to me. And exactly this is the problem.

[@joechad77]

We at Next Earth are trying to help bring this to reality

[@Urelasir]

Tedtalks, the scammer and grifters platform.

[@philipseymore3498]

Im already done with Tech. I leave my phone off and at home every opportunity. VR was an interesting fad I havnt felt the need to revisit in over 3 years. Internet is not what it used to be and too much tracking and prying. As soon as the masses work out tails, linux and onion network its all over for big tech and "dream" of thought policing, censorship and mass surveillance and I predict will happen in this coming crash. Most people I speak to were already disillusioned with it all long ago. You tube is about the only thing worth giving time to on internet now and even that appears to be loosing its edge due to daft policies.

[@kirayamato080300]

No.

[@Miyu3]

ted talk is a joke nowadays

[@siloporcen]

said the weeb with the anime pfp.

[@NewRocJacob]

Is this a paid advertisement? This is gross.

[@siloporcen]

this comment section is 85% copium abuse.

[@Slayr.]

Is this guy comparing NFT's to game items? More importantly, is this guy promoting NFT's in general? 7:33 and you're losing me buddy. The difference is I can right-click and choose "copy image" or screenshot literally any NFT for free. While nobody can right-click and copy my legendary game item that can actually be used and has tangible value and rarity within a community.

[@aliceinthewired]

BOOOOOOOOOO

[@jotax94]

still not convinced, the only thing these stuff are made for is just for money laundring and scamming, NFTs are virtual goods with zero value that are not even close to be decentralized (no internet conection, no access to your NFTs), also in the game industry they're very hated cause they need to be usefull for the gamers to consider spend A LOT of money, if they're just cosmetic they're useless. most business want to sell these things and their only point is to say "these makes BIG money", little do the investors know is that most part of the money are just ppl selling things to themselves just to inflate the prices. if these things have a very volatile value, zero use and it "costs" the same as a house, noone wants to get close tho that web3 it can be a pretty good technology but for now is just filled with ponzi, scams, useless things and more problems than the ones they promised to solve

[@st1llbleed1ng]

মিছা কথা, কোন প্রমান ছাড়া যা ইচ্ছা তাই বলছে। হা হা দিতে পারলে ভাল হইত

[@mrboppi]

Ohhh

[@krox477]

Every gamer's DREAM

[@한재호-e5z]

역시 인터넷 사용율 1위...

[@dfg1999]

Metaverse will be thriving when our real world dies

[@ddpwe5269]

Not sure how that works, you need a real world to have a 'metaverse'.

[@nanobadguy]

Boooooo

[@mikeez8849]

Does it sound like the bad definition of communism, where people don't work and expect returns in web3? Even you work, Web2 platforms (youtube, fb, ins, tiktok) pay content creators by currencies (USD, RMB), so Web3 platforms pay content creators by digital currencies? of which you need to exchange digital currencies to traditional currencies. While traditional currencies are powered by trust on governments (it isn't back by any physical assets, i.e., gold). It sound to me this guy is trying to make ppl work on Web3 virtually. I will do that if I can have a real "virtual" life, like a family, friends and etc.

[@siloporcen]

no dude, CBDC is digitized fiat. probably wont be much need to "exchange" anything.

[@kondor99999]

What a load of nonsense. Line goes up!

[@crookedjon]

Feels very scammy.

[@Akirilus]

For Americans maybe. For me it's only utility. You people have too much money.

[@salarahmed7066]

I am looking for these kind of opportunities but I am from Pakistan 😮‍💨

[@curious-relics]

So many bad ideas in this talk, from all the crypto buzzwords to the fawning over capitalism and celebrating consumerism as identity.

[@BbBb-sd2bs]

Yes its actually true... Metavers sucks balls.

[@BbBb-sd2bs]

JEsus christ TED...WTF happend?

[@harpyfridge]

If this was TEDX, that would be one thing, but why is the official TED hosting such trash?

[@Copperdraw]

Hello team this problem my account please contact me now .