Why Some See Web 3.0 as the Future of the Internet | WSJ

[@sjwimmel]

I now have more questions than at the beginning of the video: - What's the purpose of making tokens for everything? - What if there's a bug in the software? Who will fix it and how can you avoid people refusing to update and exploiting the bug?

[@Chadmanthebadman]

This video is actually very misleading in the sense that it uses a buzz word from the tech industry but doesn't even come close to doing the topic justice. 1) Tokens are already in use for companies like LVMH who is the parent company of Louis Vuitton, fine wine and many luxury goods. They use it to ensure every item has a unique block(ID) on the blockchain in order to maintain authenticity throughout the supply chai process and prevent counterfeiting. Technology currently being developed for web 3 is intended to address issues such as slow transaction speed and electricity usage by tech such as bitcoin and Ethereum. As someone who has watched the crypto market since 2017 I can say almost 90% of the tokens available for "investment" is a scam so be careful. However, the technology behind Bitcoin and Ethereum is very solid and can be used for things like smart contracts. There are currently pilot projects in some African countries which uses smart contracts for small loans, insurance and even voting. 2) The way web 3 works is a bit different than say apps you download from the playstore as web 3 apps can be updated and bugs can be fixed without user permission or the user even needing to do anything. These things will be in the "terms of use" for these apps and is the way forward as it makes everyone's lives a lot easier. I get hoe this sounds like users are losing control but its actually quite a tedious and annoying task to have to keep on updating apps and OS given how much we rely on our devices for daily use. Hope this helps and thanks for asking these questions.

[@alexdubois6585]

First question: it's just like people where collecting stamps or shoes, now they can collect something that anaybody can easily "forge" (I don't get the point apart saying you own an original). The problem with Web3, is that if trully decentralized, then data is stored on chain. For privacy, data is encrypted. But what you encrypted today will almost certainly be decryptable at some point in the future. So, I'm very doubtful of anything big happening. Few use case where it has proven useful: land registry in a corrupt country. The Gov kept record of land ownership on blockchain. People could trust this system to not be corrupt, because it was transparent. So really only useful for public data.

[@ReyZar666]

imagine a world were you get pay by the data Companies STOLD FROM YOU CONSTANTLY!!!, imagen a world were you can get pay out of every action you take, like running, or ACTUALLY cleaning the earth, IMAGINE if you can navigate through out the internet with out the risk of someone stealing personal information,... all this and a BUNCH of other unmentioned things can be archive with WEB 3.0, the issue?? companies cant have 80% of all the market thus creating a monopoly, like we see with companies such as Ggl, Amazon, Microsoft,.. this is not SciFi or some stupid "bump n dump" game, this is the future of the internet on it early states, and old people are just scare of it

[@Vonnie12]

@@ReyZar666 agree the upper echelon just want to censor and monetize everything they possibly can that’s why they are scared of this web 3 and crypto world

[@babsNumber2]

@@ReyZar666 Web 3 technologies don't guarantee privacy. They guarantee anonymity and there's a difference. In the blockchain ALL transactions are publicly visible, we just can't tell who has which wallet. Even the wallet balances are publicly available. Facebook and Google won't even need to ask for your permission if they know what wallet you use. They will just be able to see all the transactions that you're wallet has made.

[@eklim2034]

every new technology is overestimated in the short term and underestimated in the longterm

[@kylelougnot]

Even electric cars?

[@manojramesh4598]

@@kylelougnot Yup

[@eklim2034]

@@kylelougnot yes electric bus was favoured over petrol bus when bus was first embrace about 100 years ago but the latter won the war

[@CountShasha]

I think web 3/decentralised internet will definitely be a real thing. But just not the way everyone is thinking about it right now. There are way too many caveats to it, and all your transactions being available publicly is literally diametrically opposite to the idea of taking back privacy from big companies. The amount of kinks to be ironed out is unreal.

[@B8R8]

Everything will be real just not anytime. I mean look at how technology started from the 70’s compared to now. No one from the 70’s imagined it going this far and now we’re talking about Web 3.0

[@hipreference]

Look up Dfinity's Internet Computer 💻

[@Zov631]

It’s 2022 and it has to be decentralization, blockchain and all kinds of jargons lol

[@xrpmaxi8839]

I try to think of it as a trade-off. I'm willing to let people see how I spend my money (that's presently happening anyway) if I'm allowed to choose who can see my data, and am allowed full discretion over what data is shared. If I could share my data with green companies I would. I'd be buying their products which essentially is advertising for them. Seems like everyone wins.

[@xrpmaxi8839]

@@hipreference Yeah that project isn't really that impressive.

[@JoshuaJMorley]

It's important to note that "Web3.0" as originally described is not a decentralised internet based on Blockchain, it's the Semantic web(1999), a web where data is machine parsable and interpretable data with intelligent agents interacting with users (2004) The definition of "web3" definition used in this video is the decentralized internet where data is democratized using Blockchain technologies didn't appear until 2014 by Gavin Many people get it mixed up because media doesn't use the correct and consistent stylisation If you want to learn more, I'm a guest/special lecturer at universities around Australia and I gave a lecture on the topic to students of La Trobe university and the recording is on my channel Edited thanks Max

[@maxmccord9883]

For those who want to do more research here, it's "semantic web", not to be confused with the company, Symantec

[@JoshuaJMorley]

@@maxmccord9883 Thanks mate

[@schumzy]

@@JoshuaJMorley YT allows editing. just saying, seems like an important detail

[@JoshuaJMorley]

@@schumzy I had edited and corrected, even included "Thanks Max" in bottom but it failed for some reason. Thanks for bumping and letting me know it didnt work

[@genkiferal7178]

Australia - I bet you are. I bet you speak in Canada sometimes, too. You can shove your "democratized" cons up your rear.

[@ev.c6]

As a computer scientist, my opinion on Blockchain is quite simple: it won’t work to replace current finance. Totally infeasible. But I do think it is a concept that all spawn into great ideas in the future.

[@yashvora6781]

I believe it would act as a support towards traditional finance, complimenting it in many ways when used alongside

[@Sciptopia]

A computer scientist lost in the old world.

[@userre85]

@@yashvora6781 like what RippleLabs is doing teaming with banks to facilitate international transfers.

[@bloodyblase3074]

You forgot to add “trust me bro” at the end!

[@skriptak6308]

What do computer scientist do the developers don't.. sincere question

[@terezip2213]

"Yeah it runs on centralised physical infrastructure but trust me bro it's decentralised. Yes everything you do is completely public but trust me bro it's private"

[@genkiferal7178]

Web3 is a con. So many things pushed on us these days are a con. Web3 is tracking and control.

[@terezip2213]

@Karan Bisht The majority of "decentralised web apps" run on servers owned by a handful of companies. And the government knows who's who. Metadata and such

[@bismarknyarko635]

Great presentation. In as much as critics and skeptics have a point on the bandwidth, storage and the power to support #Web3 and #Metaverse right now as they expect doesn't mean it's not possible.On the market right now exploring this new Tech in the fitness, virtual concerts, socialization and gaming are projects like #StepApp, #Sandbox, #Decentraland, etc. Since it's early days yet, let's wait and see how it will turn out.

[@ilis_5794]

#okayman

[@ThePhilosoft]

> Anyone can participate yeah. full archive node in etherium network requires only about 6TB of SSD and at least 25Mbit/s internet speed (always on). Node is evergrowing so you will need to pitch in for new SSD once in a while. also backups and time...

[@ThePhilosoft]

@Zaydan Naufal that's a minimum. to get "from 0 to hero" for a full node on 25Mbit/s ... will take about 23 days )) then you need to "give away" this 25Mbit/s of bandwidth basically forever

[@ejemoxmox22]

Most people are probably satisfied with Web 2.0. Web 3.0 won't gain traction until it creates a large tangible benefit to end-users.

[@whtapp--...3738]

Thanks, hit me up 🔝🔝 for more guidelines.

[@md.mohaiminulislam9618]

Same as meta. Jumping the gun already while it should focus on making vr mainstream first. When physical labor is obsolete due to robots will be the time for these kind of tech to flourish.

[@md.mohaiminulislam9618]

@@RedLemon69 why would they? their business is collecting data.

[@wessmithp5560]

Privacy, control of your data, and removal of centralized middle man will do the trick. Slow, but sure;)

[@wessmithp5560]

@@RedLemon69 then it won’t be web3, so no;). The big guys may own foundations, etc…but in part, the entire web3 movement is transitioning control “back to the people”. Companies will likely create and own content, but perhaps not the channels in which we consume it. This will be fun;)

[@Anonymous_Lee19]

Correct me if I am wrong: 1) The users need to own cryptocurrencies to use Web 3.0, as compared to Web 2.0 which is generally free to use (as the tech companies are able to monetise their user base). In this case, will Web 3.0 really be able to replace Web 2.0? This is assuming everyone is willing to pay for access to an uncensored Web. 2) Those with the most tokens are likely to have most influence over Web 3.0. I have the feeling it will not be us (typical citizens and developers), rather it will be the government and venture capitalists. 4:55 "a centralised entity with a different label." - Jack Dorsey

[@yogi4261]

You have free internet? Where? Also understand this: web2 is generating a crazy income thats not shared with the users. While web3 is about sharing the profits amongst the communities and users

[@Anonymous_Lee19]

@@yogi4261 You are assuming that all users are interested to participate in profit-sharing (if any)... This is similar to forcing Google users to own Alphabet shares or Instagram users to own Meta shares. These shares could potentially be worth more in the future (i.e. profit-sharing), but I think many users simply want to use these websites for free.

[@bighands69]

@@Anonymous_Lee19 No Lee it is not that. These are not my own views nor are they my own desires but just an explanation. The idea of the tokens/crypto is to take some of the financial power that corporations currently have and to have it distributed into the market place. The idea is that a user can take those tokens and use them to build on the net without the need for corporations to providing funding. So an enterprising user could build an organisation that could purely be constructed from those tokens. Every user will have access to those tokens. The key here is to understand that it does not mean a user will not have access when they have no tokens but if that user wants to trade or build they will require them. We also have a plug in our thinking hole in that we cannot imagine such a system with next generation technologies such as vr and ai. What exactly would such a world be?

[@Anonymous_Lee19]

@@bighands69 To be honest, the system you explained do not sound very different from what we have now (i.e. Web 2.0)... - When you are talking about "redistributing financial power", how is this different from the current stock market? If cryptocurrencies become a thing in the future, do you think the distribution will be wildly different? From what I understand, a small group of whales own a big chunk of cryptocurrencies now. - Regarding users being "able to build on the system", can't any enterprising user/developer work on their own website, app or technology now?

[@KijasFX]

0:30 That’s cute, the master of buzzword fake marketing is calling Web 3.0 just a marketing ploy.

[@whtapp--...3738]

Thanks, hit me up 🔝🔝 for more guidelines..

[@21stCxnturyFox]

I'm not a techie, but the question remains, how will the service providing company earn if it doesn't have access to data... If the company doesn't earn, then the users will have to pay a monetary fees to access services. What would a normal human consumer prefer? pay money to do even a simple google search.. or sacrifice ur data to access this giant internet pool free of monetary cost.. As per my common sense, most people will choose the 2nd option This very thing raises a huge question mark on the future of web 3.0

[@alonzoperez2470]

Pay in crypto apparently.

[@samilaine3546]

I love the idea of having my pornographic purchases sitting in a public ledger forever.

[@TheRightWay11]

Is it possible that perhaps the nature of transactions can be hidden?

[@jct3439]

@@TheRightWay11 yup. Quant network, Secret network, Dash all operate on private DLTs

[@genkiferal7178]

easier to bribe you into submission that way

[@asishreddy7729]

There’s no real problem that web3 is solving. Why should the entire world give up their comfort and familiar web 2 for this ? The average user of web 2 is pretty happy with the data driven business model right now. It’s only privacy freaks who are angry that big tech is benefiting from them that’s making noise. Blockchain technology is also super expensive on the energy grid and costly for the environment. Is it really worth it?

[@Byrzzaa]

It doesn't has to be electricity hungry proof-of-work.

[@oo--7714]

It’s not though lol

[@genkiferal7178]

Web3 is a control tool for globalists. Go watch my 2 playlists. IMF will make most of the world use CBDCs soon and digital IDs. like in India where 95% of the population has their thumb print tied to their ID, same will happen all over and we;'ll be forced to login with a fingerprint or maybe with facial recognition. I'll just mostly stop using the internet and meet people in person like our grandparents used to do.

[@dillonlboyer]

The problem is these centralized Web 2.0 corporations have become politically active and are not treating all data they process equally. They have stopped acting in our best interest (or maybe they never did). If it were explained to the average user how their data is used against them, and in some cases how it is used to manipulate and socially engineer them, they would not agree to it.

[@electro6431]

Privacy freaks ? You have no idea how much of a problem privacy is.

[@archiebishopprofessionalno4034]

Elon musk calling bs on anything is the most absurd and ironic thing I've heard in years. Where's self driving? The cybertruck? The hyperloop? Solar city? The dancing robot?

[@shanemooon]

This video portrays today’s internet incorrectly. Our current internet is in no way “centralized”. We have major players, but anyone is free to host anything they want on the internet and anyone is able to access it. It’s no different than Web3 would be. The only centralized part of the internet is the ISP’s of the world. We’re already seeing people try to monopolize the Metaverse. Web3 is not happening.

[@beepboopgpt1439]

Blockchain is being used in the dark web the rest of the world is just catching up.

[@emmanueloluga9770]

U hmmm, even the ISPs are not Centralized!… Concentrated? Yes, Centralized? No!… Anyone can choose to be an ISP, but it doesn’t mean they can accomplish it. Yes the ISPs are powerful and monopolistic when the comes to scaling access to the internet, but that’s a different matter entirely

[@bjk837]

There’s no point talking about Web 3.0 if the blockchain/metaverse needed to usher in this new internet aren’t a part of the web’s core infrastructure. Web 1.0 and 2.0 involved infrastructural shifts. The buzz around Web 3.0 does not

[@xavierperez6739]

I think the real question is what really is the reason for a genesis of Web 3.0; as far as I can tell we are still very much in Web 2. The most I've seen people use Web 3 as an argument to invest in NFTs. I would consider the Internet as a whole still in Web 2.

[@bighands69]

Web 3.0 is not the same as web3. Web 3.0 is a set of loosely canonized protocols that would run web services. Web3 is an idea of decentralizing the internet. They are two different things to be honest. We are currently at a crossroads in terms of what direction we go in. Either the internet/web will become more centralized or it will go down the decentralized road. Both will have advantages and disadvantages.

[@Tech-Corner2023]

@@bighands69 that is not what web 3.0 is, it is not loosely running web services. :)) It was used for semantic web concept in the past. The commentator used the wrong term since internet mixes up both but they meant the right thing. I agree with @Xacier Perez, the hype of web3 is just an hype, we are in web 2.0, interactive pages we can use. They use web3 to have start ups selling something that does not exist and also, sell people crypto and NTF type of stuff usually.

[@paxdriver]

"very insecure" is an understatement lol VPNs would be rendered useless, pools would eventually create centralization (in other words, not défi), and paying traffic in cryptocoins would make erasing history impossible. With ipv6 that means your specific and device used is directly tied to the transaction, including location and payment receipt. Anyone you pay in that crypto will be able to trace it back to your traffic... Which is public. That's just stupid by any measure.

[@siphesihle2660]

Wouldnt that lessen scams?

[@beepboopgpt1439]

You can just creat a cold wallet.

[@xrpmaxi8839]

There are answers to literally every objection you've posted. Web3 is here. The question is how long will it take to for mass adoption

[@paxdriver]

@@xrpmaxi8839 "there are answers" is not an answer to any question ever asked lol thanks anyway for the input. Without implementation details or even a scheduled rollout I can definitely say for certain some answers do not yet exist, or they'd be public and open to scrutiny.

[@paxdriver]

@@beepboopgpt1439 a wallet in cold storage for each transaction? That feels insane to me lol

[@FreeLoader626]

Guys check out, ironically enough, The Web 3 Project. It's going to be both a DAO with an APY feature that can auto-compound every 3 seconds with an APY of 400,000%. For the next 2 weeks only, the APY has been temporarily increased to 1.6 billion! I'd suggest to check this project out and DYOR.

[@frankulfberht]

Calling Blockchain Web 3.0 is too early. Also, what separates web 1.0 and web 2.0 isn't whether the data is centralized, but the technology built around UX.

[@bighands69]

It is confusing because web 3.0 and web3 are two different things.

[@Tech-Corner2023]

exactly!! thank you!

[@sukhmandulay2141]

This is what a startup by the name of Cyder is working on. Very Cool.

[@cyderinc]

Very Cool :)

[@shababkarim5907]

Talking about web 1.0, also coding in reactjs. My mind is confused

[@ibrahimpasha8229]

They displayed the “react js” as an example of something having to have programming skills to update webpages, sure they could have showed someone coding pure html but it’s just stock footage.

[@Chadmanthebadman]

Video is very confusing and misleading; clearly haven't even scratched the surface in terms of research let alone understanding what they're presenting in the video.

[@maiksonstrife]

I love how they insist its an Incorruptible system, right now the blockchain market seems to be made of stolen art and original artists trying to take the art down claiming to be the original creator, that one artist creates and places it on the blockchain "this is the original and this is mine, I have the token" followed by 1.000.000 thieves saying "this is the original and this is mine, I have the token", as it's basically anonymous data it leads to anywhere, in practice it seems to benefit more thieves than real ownership, how would they track down crimes such as illegal content sharing?

[@g3mint446]

This is so different to what we’re used to. If this is gonna be a thing it’ll definitely start of as a niche for a very long time. My hype radar indicates a false positive for this one.

[@LeoDas688]

Most of the people who criticise web 3.0 are people who will be impacted by it, which is a very important thing to note, web 3.0 might be the future , who knows

[@ShonTolliverMusic]

I use Bing.

[@caliwolf7150]

DeFi actually more like Social Credit 2.0

[@whtapp--...3738]

Thanks, hit me up 🔝🔝 for more guidelines...

[@GovernmentMatters]

We did an interview about Web3 recently - an expert from MITRE Labs suggests the government must create a "Web3 national strategy" to address economic and regulatory issues that could come up.

[@genkiferal7178]

this is part of the global government takeover. IMF is linking all central banks to CBDCs and digital IDs will be needed soon to log into any internet - even on your phone. Probably thumb or fingerprint readers will be on every single computer/gadget soon and/or a webcam for facial recognition. Civilly disobey. Do not comply or submit.

[@JohnHausser]

Most people behind the recent hype cycle surrounding Web3 are just looking to make a quick 💵 Cheers from San Diego California

[@whtapp--...3738]

Thanks, hit me up 🔝🔝 for more guidelines.

[@Chadmanthebadman]

All the shopify gurus found a new calling 😂

[@fatimafalima9178]

Learned a lot watching your videos so far, thanks for explaining all those topics. Also I really enjoy the style of your videos!

[@gcmoney]

So an encrypted web that tracks each instance you use it or for each user?

[@whtapp--...3738]

Thanks, hit me up 🔝🔝 for more guidelines..

[@beepboopgpt1439]

Blockchain is originally a technology from the dark web where its notoriously easy to have lots of ways of staying anonymous.

[@jasonking1284]

Aye... you take a dump, it's gonna get recorded..... date, time, weight........ etc...

[@genkiferal7178]

its a tracking and controlling tool. reject it and call them out every chance you get.

[@living_water-]

Everyone is dancing around the fact that web 3 is simply 'pay to play' internet. Someone will create content upload it on a 'private server' and if you want access you pay for it using 'tokens' that you buy using real dollars. All this in the name of protecting your data. But never mind the amount of tokens you have and where you spend them will be public or 'centralized'.

[@vestwisemedia]

when the entire internet introduced to the people they said it will never work. most of them see it as a joke. so don't underestimate new tech like this, everything can be change very fast. and be care full there may be a chance in it like current internet brought. so i talk about that in my channel.

[@parhamebrahimi611]

hello , whoever is reading this , you can be a part of the future or close your eyes to an internet without censorship and restrictions. i am very happy that many people think that this will not work , it means that i am going the right way. always move against the direction of the wind! just keep in mind , when the internet was invented , it took a long time for people to understand it. so see you in the future ! 2022/11/22

[@ferdinandjackson2578]

U are smart🫡🫡 We are in the early stages of building a new future LFgggggg 😤 🚀

[@bankfinanzas6348]

Excellent info greetings from PERÚ

[@vanvicka1]

One use case I see web3.0 replacing is stocks, imagine a company like Facebook distribute token rather than ipos

[@camcherry1496]

Already happening

[@vanvicka1]

@@camcherry1496 which company?

[@ashleytyraisaacs]

Web 3: What if we made the dark web easier?

[@AdvanceWithMike]

It seems interesting to me that the discussion of Web3 or Web 3.0 includes aspects that basically mirror real life. It seems as though we are trying to build a virtual space that is nearly identical to our actual reality that already exists. There are many already-existing real-world parallels to this virtual world that we are trying to create. Is this just an electronic version of what we already have, except that it has the potential for the parallels to be instantly available worldwide? Couldn't we simply create a virtual space that adds the instantaneous functionalities that would enhance our actual reality? Just curious.

[@isaiasabinadisosagarcia936]

Well, IDK. I don't want everything I do online to be publically recorded forever... just saying.

[@ronaldorivers236]

So we got: Web 3.0 Industry 4.0 5G 6 Infinity Stones

[@whtapp--...3738]

Thanks, hit me up 🔝🔝 for more guidelines......

[@esthyrex3295]

Thank you so much for this amazing session. I hope this message finds you well. I wanted to share some exciting news with you all - the reef chain network. Reef Chain is an EVM compatible blockchain for DeFi, NFTs and Gaming. The Reef Divers group consists of the strongest Reef supporters, whose main goal is to spread awareness, and adoption of the Reef Chain. Don't miss your chance on this

[@johnkingangimwithiga]

"probability in the money feature has a counterpart probability out the money that estimates the likelihood of an option finishing out of the money just as you’d expect, if you put the two side by side, you’d see that they add up to one hundred percent neither is better than the other. some traders like to see it expressed one way, and others like to see it the other way" 🍋

[@ReynaSingh]

Whether web3 is a reality at this time doesn’t change that the principles behind it are necessary to keep the world free

[@iKh4ever]

The future is coming unstoppable.

[@ahmadganteng7435]

Skeptics to new tech is not a bad thing. It is an important feedback of the technology. The concept of web 3.0 itself that is not yet mature. I think that blockchain will be useful in many use case, but it will not be a fundamental tech on its own. It can be added to current web architecture.. So instead of web 3.0, we might see web 2.5

[@viiltelijamurhaaja7225]

Im just annoyed that some people say web 3 is nft:s crypto and blockchain and its really good without saying anything else.

[@bighands69]

Web2 is not an exact technology and is more of a philosophy.

[@ahmadganteng7435]

@@bighands69 Agree.. Thanks for correcting me

[@javi_park]

there’s many “theoretical” things mentioned in the video that are already happening today. there are DAOs (internet-native orgs) with millions of dollars in the treasury and dozens of full-time employees. Web3 is no longer a concept, it’s a reality.

[@tycooperaow]

This, I wish more people highlight this fact . There are naysayers, but many people do not understand

[@Batang90s]

I think it's as early as the first wheel. So exciting we don't know happen and what will be invented because of this

[@hipreference]

Look up the Internet Computer 💻 It uses Chain ⛓️ Key 🗝️ 🔐 Cryptography to create the foundation of this hyper-scale World Computer, a public compute platform as an extension of the Web. Interesting project.

[@lostinmuzak]

The problem with the internet is that it’s fundamentally flawed. It is not scalable and insecure. It has reached it’s limits. So it is time start all over starting at the core. It is also time for internet to do real good for societies around the world.

[@genkiferal7178]

no. No one forces me to use BigTech. I can stop using Google tomorrow - except on my phone. I can also opt out of using a phone like my ancestors did for thousands of years. The internet is people. Let people choose what to do when it comes to helping others.

[@Rakhilya]

I am amazed at how sure people are the electricity will be there forever. Would be fun to see the humanity trying to scramble on the planet covered by a thick layer of "dust" that will not let the sun light thru it to feed solar panels

[@ravenoftheredsky]

Oh yeah, volcanoes

[@mptvska]

Well, web 1.0 and web 2.0 were concept and seemed impossible but here we go they become reality and when web 3.0 transforms in useful technology web 1.0 and 2.0 will become history.

[@nadiahaq8943]

Question: if there is venture companies who invest on this technology, doesn’t it mean somehow they want to have parts/control this web 3.0 thing for they own good? A.k.a they want to be the central of this new technology? How it called decentralized at the beginning did not fit my logic dude

[@pilotgfx]

Do you know torrents? that is decentralized and autonomous system, as long as the internet is working, people can use these protocols. crypto protocols function in the same way, they do not censor because they cannot, they don't judge you or give you special treatment. humans try to conform to protocols, but we are consistently morally weak and fail to do so. and they do not care if you are buying some scamcoins shilled by spice girls, roger veer and evil VCs, thats 100% on you if you got fooled. we invented many things through history, now we invented blockchain, do what you want with it, use your imagination. its not ending world hunger, we can agree on that, nor did it promise to do so.

[@AlizaRockParade]

Good question

[@alparslankorkmaz2964]

Nice video.

[@ioan_jivan]

That seems simly awesome

[@TeganCantEven]

Not only are there bandwidth and storage issues; but this whole “web 3” thing operates under the assumption that everyone is just going to want to use cryptocurrency and blockchain tech. We don’t.

[@shailendrashinde9410]

I think old gatekeepers will be replaced by new ones. Today the data is with google tomorrow it is will be with blockchain platforms

[@bolero5824]

IC is the blockchain that has almost everything that web3 needs from a technological point of view. 100% onchain.

[@LuisMendoza-pp9qi]

To date, there's been 4 Bubbles: Bitcoin, Meme stocks (GameStop, AMC), Dogecoin and NFTs.... All of them have BURST, meaning you can't make any money off them, NFTs is in the process of collapsing right now

[@nodstradamus]

Funny how the whole world overhypes the blockchain: Sorry to break it to you but the problem is a social one not a technological

[@nachannachle2706]

It is both.

[@emmanueloluga9770]

@@nachannachle2706 No!… Because Society, is inherently a Communal form of Technology!

[@MetaOwl]

Dfinity ICP.

[@JanacMeena]

Very high level video

[@danieldecides7894]

I like the concept of for example - a film star or sports star effectively issuing tokens or something to monetise their back catalogue and so that to me makes a lot of sense which i think pertains to NFT’s perhaps. If that were an upward trend - then i see directness of investment in some sense becoming larger with view to stock market entities and that sort of thing makes sense. It is i think dependent on the safety and security of the technology that underpins that sort of development but it is interesting for sure.

[@joshpeter1765]

Mrs Jane is legit and her method works like magic I keep on earning every single week with her new strategies

[@aishahumaira2870]

Wow I' m just shock someone mentioned expert Mrs Jane I thought I' m the only one trading with her

[@aishahumaira2870]

She helped me recover what I lost trying to trade my self

[@jessykalins6079]

Mrs Jane is obviously the best, I invested $3,000 and she made profit of $28,000 for me just in 15 days, Her success story is everywhere

[@philipgrombliniak5651]

Wow I just make my second withdraw again today trading with expert Charlottes

[@domenicaorellana2391]

I remember friends calling me crazy when I started but now I shut up them with my four figure weekly returned. I'm happy today because of Mrs Jane

[@R34L17Y]

.....thanks for the history lesson.

[@generalralph6291]

If you want to understand how revolutionary Web 3 is, consider that one of the technologies integral to it is a compact, personal atomic clock. Atomic clock precision is essential because it allows devices to communicate directly with each other, wirelessly, in an ad hoc or MANET network. That means content doesn’t even need to be “published.” All your content can be hosted, “shared,” right from your device, to everyone in the world. Everyone will be able to curate and display web content on your device using free and open social media apps. Not browsers. Browsers will be a thing of the past. And also, ISPs.

[@britannio]

Are compact atomic clocks widely available?

[@generalralph6291]

@@britannio Not at all. That is the major breakthrough we need to make MANET internet a reality, and it’s not here yet. Furthermore, even once we have compact, affordable atomic clocks, we will also need a revolution of silicon to take full advantage of it. We are talking about power efficient chips about 1000 times faster than today’s microprocessors or GPUs. This is attainable, but as I understand it will require more research into quantum physics, and Angstrom-sized process manufacturing. All of this is achievable, but it is not here yet.

[@user-it5po2dq9w]

Having content on any device is already hosting it. So if you want to use your device as host for big files you would need higher storage. Much expensive than buying a cloud server. For browser, they're another apps to ease your experience on internet because all of it can be done by your own created app or even open source linux web interface

[@generalralph6291]

@@user-it5po2dq9w But you don’t understand how revolutionary Web 3 is. The server or the cloud service is a middle-man. You have to publish content right now. When your content is on the server, it is under control of the owner of the server. With Web 3, you don’t publish content, you share it, and it goes directly from your device to the consumer through curation software on their device. Additionally, with Web 3, you don’t even need an internet service provider. Your device is will be connected directly to nearby devices, eliminating the need to pay a monthly fee. You say storage is expensive, but the big companies are buying all the storage right now. In the Web 3 future, consumers will buy and own the storage, not the megacorporations. Even if your device runs out of storage, it is trivial in the Web 3 future to fuse external storage to your device. You could even be paid to buy and maintain cloud storage in Web 3, as users use your drives to swap their files and pay a tiny fee for the service.

[@user-it5po2dq9w]

@@generalralph6291 you can have isp free network even without web 3. Simplest exam is Bluetooth network but if you want to have it over a large area like wpn, you either go to ISPs again or create your own infrastructure. Only way web 3 layer would add would be decentralized server and databases being operated on blockchain protocols. Otherwise things you point as advantages are already there without even web 3

[@Jody8337]

What are the best platform to make money in crypto? 🙏

[@drelliotn.kennedy988]

Yeah that's a good idea. A trade would be the best options if you are new to investing

[@stephenadams8698]

I have been seeing a few ads pushing some investors here, not really sure if to go with it

[@SimonKelly7836]

Lots of shady deals here on KZbin are true.... Got into trading with a Genuine trader introduced to me by my friend... Mrs Gillian Sara Sheeran she's nice lady and did wonders with my cornhilio.!

[@Rick.4890]

Wow, I'm currently trading with Mrs Gillian Sara too. She's the best at what she does, very polite and credible

[@Tonyforeman659]

@Robin Vanessa Yes link up with her and remember to share your experience with others

[@lenargilmanov7893]

Why do all proponents of web 3.0 and decentralization want me to follow them on twitter(centralized platform) and join their discord(another centralized platform)? 🤔🤔🤔 Seems kinda strange.

[@aadijain222]

Have to agree with Jack Dorsey here. VCs will make sure to monetize web3 for all it's worth. It's going to be their internet - and they will probably try to squeeze the users for all they are worth.

[@genkiferal7178]

exactly. those coins are there for a reason.

[@bighands69]

I do not think Dorsey is correct on this. Web3 is more complex and futuristic than people imagine.

[@little.zayzay]

I can't wait until web 4.0

[@paxdriver]

This doesn't explain any implementation detail whatsoever. Why even bother reporting on it without offering any useful or applicable information? So sites are hosted on ledgers, so to use the Internet we need to connect to a nearby ledger with addresses to packets spread out across the other nodes, then decrypt those chunks to verify their hashes, then compare conflicts from updated content not matching hashes from the local node, then hope nobody hijack my site by hosting a bunch of fraud packets under my domain name since we've scrapped registered DNS.. Or we keep DNS/proxy servers we have and there's no actual ledger implementation it's just a façade? Nothing about web 3 makes sense unless you're an advertising platform or datacenter willing to exploit network traffic (ie people). Just a thought, but maybe this is an idea conjured up by companies who are being legislated against abusing their power? Maybe it's a response to gdpr and not at all in the public's best interest? Just a thought.

[@afallingtree9114]

how would this compare to other projects such as IPFS?

[@oinkooink]

It would mean you become more of a slave, constantly worry about your social credit score, comply much harder than you have been the last 2 years, tap buttons for tokens like a rat in a cage and sacrifice more of your critical thinking skills to the borg. Sound good, chief?

[@afallingtree9114]

@@oinkooink oh fk that

[@oinkooink]

@@afallingtree9114 I like your style, Dude.

[@genkiferal7178]

@@oinkooink i like you

[@oinkooink]

@@genkiferal7178 Only my enemies don't like me

[@carlton123456]

Mining companies used to give their currencies too

[@muhammadrafliasvandiari7991]

great explanation

[@alonzoperez2470]

I don't think web3 will replace web2 anytime soon.

[@phucthanh597]

Thank you for such useful information. DeFi Warrior did release mobile version. I am trying trial mode for free. Could you review the main mode of it?

[@BetteHochbergercpa]

Yess!

[@xenomorphqueen1997]

"Cyber is the REAL domain of power".....An actual quote from Benjamin Netanyahu. Absolutely terrifying thought.

[@mrr5266]

Stephen Wolfram and NKN Crypto.

[@zentradingmastery3709]

Awesome !

[@gyozakeynsianism]

Just for anyone tuning in now, it takes an amazing 2 minutes and 48 seconds to even attempt an explanation of what Web3 is. It's not the journalist's fault. The idea is an empty buzzword.

[@omermindivanli2981]

I wonder 💭 what reporters were saying or texh gurus commenting on Cloud Computing on 2000s. As of now, it is dominating the whole IT. On the article, bandwith, computing power and etc.. stated a prob to scale in web3 exosystem. Are not they something can be solved with just increasing the of computers mines transactions as well as finding more efficient contract techs using different protocols and etc… i believe we will be using web3 in time. When wo can estimate it? We will get there someday

[@mpgz92]

Cardano (ADA) is gonna change the world

[@IASwithVigour]

Exciting

[@NelsonNGray]

They need to make a follow up video on utility tokens such as Helium Network or Planet Watch. These are concepts the average person can relate to.

[@fireflymedium]

I feel this video kind of falls a little short; it did try to explain but didn't really do that at all. Web3 is all about diversifying the ownership of the networks. By giving people ownership over their information as well as participating and shaping the evolution of the networks. At the moment, you sign over all your rights to a company to use their platform (KZbin). The company offer this service for free, because they charge someone else the rights to your information. Take google ads for an example. A Web3 approach to this is BAT tokens. Which is a decentralised ad network that can be utilised by companies buying bat tokens to run an ad. When using the brave browser a person can opt into receiving ads based on their browsing habits and will receive these BAT tokens as a reward for using the service which can be used to buy other goods and services or be transferred back into another currency. This is a real-world application that is working at the moment, and there are a hold lot more. The livepeer network is a decentralised network of computer use for transcoding videos the stuff people use for live streaming. We can choose to participate by using the service/network or by becoming apart of these networks as operator (runs a node for the network) or in some cases a delegator (puts capital in like an investment). As these networks develop, more real-world applications and services that people use the larger, more secure and fast they will become. I can not see any industry that will not find a use for this. Welcome to the beginning of Web3.0.

[@haoxus9413]

Web 3 decentralize information ownership So not only google FB can have your data, but also any random hacker or scammer Very smart plan 👍

[@CarlosSylvain]

Appreciate the detailed breakdown! Could you help me with something unrelated: 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?

[@Ta2dwitetrash]

5g and web3 are like peanut butter and jelly. Starlink is like the honey drizzling. This is why web 3. All this wasn't done for web 2. The driving factor will be the banking aspect, followed by gaming, and so on. Nothing stays the same forever. This is one of those moments.

[@Jack-oj7dq]

Feels like a way for the rich to get richer without any regulation.

[@genkiferal7178]

global fascist agenda

[@yingcheng1589]

uh no.. currently is pretty much like web 2.5

[@DrJanpha]

Hard enough for me just to set up a FTP server...

[@chris-hu7tm]

NFT is the future

[@HenggaoCai]

Web 3.0 is not new. We have been working on it for ten years now

[@cupq]

Why did WSJ put Facebook logo for metaverse ?

[@labadcloyd]

I dont like to be that guy but... 1:36 Reactjs didn't exist that time...

[@kkliang8327]

my question is that to decentralize the data to everyone , we need an remark to indntifer everyone, IPV6 seems cannon fullfill this requirement

[@hoelflores4608]

The internet structure must change. why do i need an intermediary to send my data to someone else's computer when it is possible to have your own data server at home and using a software that allows you to choose which file to share.

[@santhush7]

It’s high time for a decentralized web platform that provides equal opportunities for everyone with more transparency.

[@hypercrack7440]

"Life.. Uh... finds a way"