Please don't take HN threads on generic flamewar tangents. The last thing we need is to repeat that one over again.

That's not to say there can't be substantive discussion about Web3 but it would need to be seeded with interesting new information, not a throwaway one-liner.

https://news.ycombinator.com/newsguidelines.html

Oh god, I don't need my domain to be another form of currency.

If Web3 ever becomes a thing I look forward to seeing the chaos that ensues when the inevitable happens, and a major domain name gets stolen with absolutely zero dispute resolution and where the attackers can also hijack all incoming traffic to steal credentials or install malware. Then it will be mathematically impossible to recover without paying whatever ransom the attackers like for the return (if the attackers even decide they want to sell!).

DNS Poisoning was bad enough, this would be a total wipeout.

Don't know if this is a joke. "Web3" makes problems like this even more complicated because domain name resolution needs a single central point of trust.

Yes! We could manage internet addressing on the blockchain instead!

DNS is quite distributed already but it’s far from “democratic”. Instead of domain squatting and hoarding through through multiple private companies, we could domain squat through… multiple _other_ private companies. That’s Real Democracy™.

We could even speculate with domain names and tlds and maybe steal them from each other in completely new and exciting ways.

Maybe we could make it so only the early adopters can afford these tlds or domain names for a reasonable price and then everyone else could prop up its price until a rug pull happens.

What if we we make this system consume an insane amount of energy? Our current solution is probably inefficient in certain ways, but we can always go further!

There’s lots of possibilities! #web3FixesThis

Web3 has been used to mean too many things (NFTs ETH crypto etc). Blockchains offer the ability to fix centralized choke points on the Internet, and some prefer Dweb (decentralized web) as a term to describe this.