I mean specifically, what criteria does a webpage have to fulfill for it to be considered web3 compliant?
Because all I see around the web are people waxing poetic about freedom, ownership and whatnot without really saying anything. There’s no consensus, there’s no whitepaper, just… vague, nondescript ideas.
Something about metaverse and decentralization based on blockchain, drummed up by big tech companies.
a mix of gambling, pyramid schemes, and money laundering
It uses a public permissionless blockchain to store it’s data instead of a centralised database
What centralised database? What problem is this trying to solve?
Any centralised database whether postgres/mysql/oracle etc. It’s trying to create a world where applications have a decentralised tamper proof database and where all instances of moral hazard and rent seeking middle men can be eliminated with code that is open and transparent to all that also performs governance, economic incentives being created during the development of the application instead of being bolt on and services that can be accessed in any jurisdiction
So wouldn’t ISP’s and corporations have to essentially rebuild the entire internet to do this sort of thing? I’m afraid that doesn’t sound cost effective and likely won’t get off the ground for capitalistic reasons alone.
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you don’t have to rebuild anything especially since corporations and isps will still be able to offer their centralised offerings to those who want them and web3 refers to decentralisation at the application level so there’s still some level of centralisation that can be there but there are decentralised infrastructure projects like incentivised mixnets, incentivised mesh networks and incentivised file storage etc that these applications can be run on top of if one truly favours max decentralisation but it’s expected that different projects will have different views on how much things need to be decentralised and it will be users to choose projects based on this knowledge.
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These projects are built with economic incentives in mind to ensure that they’re viable and that people will participate in the network instead of relying on altruism alone like most decentralised protocols
Good to know! I appreciate your response. Well laid out.
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vague, nondescript ideas.
^ this is it. 🤣
I can’t figure out what web3 is either, despite knowing several people who work for Web3 Foundation (which has no relation to the W3C, btw), but I can tell you that it definitely isn’t a thing that a web page can be “compliant” with like HTML 4.01 or something.
I’ve heard other decentralization technologies like IPFS also count as Web3. Or Git, I’ve even heard. So the Fedi might as well be considered Web3 ;)
Basically, when users can interact with blockchain on your webpage.
Yeah, the blockchain seems to be the common denominator across all “definitions”.
There is a new podcast episode that came out today for Recode Daily called “Web3, explained”. I’m listening to it now, and it’s really good.
