Web3 Critical Revelation

In recent months, you may have seen people describing “Web3” with excitement (or curiosity, or consternation). This term means that many Internet services may transform into a shape around virtual assets in the future. The ownership and control of these services allows them to be divided among the holders, including different users and different groups. Virtual assets also have exchange value. Therefore, as a user, you can understand it as: cashing out?

Ethernet Square is the center of most of the work – hey, who the client library named web3.js So the “ao” interpreted as “Square drive Ethernet Internet” is reasonable?.

This information was sent to the Media Lab committee via email. The target audience is subscribers who know roughly what Web3 should look like, but are not sure how to view it. (Here is more about the target audience.)

If you are already convinced that Web3 is the future of the world’s Internet computer systems: then this article is not for you. Look at others!

On the contrary, this is for those who are still somewhat cautious and curious.

Frankly speaking: I am not only a skeptic, but also an all-out enemy of Web3. I hope my hostility will not disappear immediately: “He is a person who hates others; he is old in mind; he doesn’t understand technology.” In fact, I am 41 years old! But as proof of alleviation: I write science fiction; I am deeply curious about the future of the Internet; I even made a popular NFT project.

I do not intend to use the following article to achieve any gorgeous rhetorical effects; I just want to provide them with a meager weight to counter the growing hype. I think Web3 can impress people who are interested or worried about the future of the Internet… So, in a sense, I am publishing this article for other versions of myself (feeling a bit split in personality^_^). Hello everyone!

The following are my reason for Web3 the solution:

This is for children. I’m talking about the good side! I think Web3 resonates strongly among young people because it feels like a brand new thing, and it may really belong to them. Who disputes this feeling? It’s not me anyway.

I think the motivation for Web3 comes from both excitement and exhaustion. This is not obvious on the surface, but I believe it is there, just lurking underneath. If you are 22 years old, Twitter has already existed since you learned to read. YouTube is as unchanging as the stars. It’s hard for me to imagine what it’s like to grow up with these new things at such a young age, but I guess it’s a bit claustrophobic?

I clearly remember the turmoil in the late 2000s, and a new social network broke out every week! I live in San Francisco, and those people do things in South Park in this city. This interesting bubble has turned into a series of drama characters who have stepped onto the stage of history, and has remained basically unchanged for many years. So, Web3 is here-the appeal of NEW OPTIONS cannot be overemphasized.

Many Web3 supporters consider themselves to be disruptors, but if “to tokenize everything” is not a continuation of “to market everything”, it is nothing. “Marketing everything” started in the 1970s and achieved great success, and it has been going on. To a certain extent, the Internet is a breakthrough-” Where is the money…?” Web2.0 has been perfunctory, and Web3 is trying to completely seal it.

A large part of Web3’s appeal comes from the value of the underlying cryptocurrency. Therefore, a good question might be: If these assets are worthless in dollars, would you still be curious about Web3? For some people, the answer is “yes, of course” because they will still find the mystery The question is attractive. For others, if they answer honestly, the answer is “unlikely.”

My NFT project was not completed in 2019 or 2020; I made it in early 2021 because of the hype at the time, which made me feel like my screen exploded. I want to make a fortune! This is my honesty!

“I don’t have a brain, but money is the real brain of all things. But how can the owner of money have no brain?” Moreover, when he has money, he can hire smart people for himself. Isn’t the person who controls smart people better than? Are smart people smarter? Because I have money and can do everything that humans desire, don’t I also have all the abilities of humans? Therefore, can’t my money reverse all my incompetence? ?”

Money confuses the evaluation system; it is like observing a star next to the sun. Of course, the same was true for the Internet in 2000; if this was a tour, what should we do?

The word Web3 is derived from “web2.0” . “Web2.0” became popular in the 21st century to describe a new generation of websites and network platforms. From a philosophical point of view, the success of Web 2.0 is incomplete, to say the least: it is ambitious, but it is actually dead—or Was strangled. With this in mind, I think Web3 is a good term for describing a series of new ideas, because it will definitely work in the same way: influencing the direction of the Internet, but not completely and unpredictably.

Even in their respective stages of development, the Internet and Web 2.0 are nothing more than this…relying on self-referencing? They are things other than themselves such as science, coffee pots, links, and camera lenses. And Web3, roughly speaking, is about Web3 itself.

Web3 is best understood as a game, or a game within a game. I’m not sarcasm: this is really a great game! It’s vast and open, it’s very social, there are many points to count, you can win real money? I mean, it’s great.

Web3 promises to provide rewards for “users”-maybe even just a kind of justice, but Ethereum knows nothing about users, only the wallet. One user can control multiple wallets; one scientist can control multiple wallets; Ethereum can’t distinguish between them, and doesn’t particularly care. Therefore, Web3’s governance tools are suitable for approaching the decision-making process of limited liability companies, but not suitable for true democracy. Real democracy should be equal to the rain and dew, respect for non-labor contributions-the value of people!

The cryptocurrency Worldcoin with a retina scanning sphere is an attempt to solve this problem. There is a group of people in the world. They entangled themselves in a ball, trying to find their personality in the universe of wallets.

A world full of wallets.

I have a hunch that there is something similar to Gödel’s incomplete theorem in Web3 governance. Remember: The DAO-it is the first DAO of its kind, and all existing DAOs get their names from it-it is so failing that it requires an Ethereum fork. The active Friends With Benefits “social token” was hacked, and its reorganization was not carried out through the Web3 governance mechanism, but through “external” management through Twitter, Medium, and Discord. This situation will continue to happen!

Is a “Web3” that relies on Twitter’s marketing and coordination channels really worthy of its name? You might say, “Oh, wait a minute; Web3 will build its own Twitter.” No, it won’t. Such a platform is useless for Web3, because no one will recruit?

I think there is a simple basic problem that often disappears in the fog: the Ethereum virtual machine, the core of Web3, is a computer that charges you a lot of dollars and is very slow to execute a very small program. It is implemented in an environment with special attributes, and in some cases, these attributes are worth the money. In other cases, it’s like running your website on TRS-80 (the world’s first laptop).

Web3 Critical Revelation

TRS-80 computer

A key feature of most or all blockchains is actually an aesthetic—immutability. After all, they are actually ledgers. However, these days, as far as the Internet is concerned, I find myself more interested in the opposite; wandering about variability and transitivity. I like things that can change and grow, and then disappear.

I am a person who likes to delete things. This is an operation opposite to Web3.

When we lose the delete skill, what else do we have to lose?

At this point, Ethereum will continue to exist (at least 10 years), which means that the same may be true for Web3. I hope to see it enter the financial field and financial-related fields through various barriers: speculation games.

Here, I will end with appropriate praise: Ethereum should inspire all those who are interested in the future of the Internet, because it strongly demonstrates the possibility of the implementation of the new rules. I don’t think Web3 is an ideal or even acceptable path for web development, but I will learn its lessons well. “Stop talking nonsense, come here!” The same is true for clubs and cults; let us wait and see.

November 2021 to Media Lab Committee

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/web3-critical-revelation/
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