42 karma · joined December 5, 2016
Blockchain provides incentives, those incentives can be transformed into cash for the end user. Web2 basically focused on 2 aspects. Transforming the browser into a OS that can run on any computer, using advertising for the generation of money for stakeholders. In regards to advertisement the reason why this was use d was because it worked in the past. Printing press --> newspaper --> advertisements, Radio --> audio advertisements, Movies --> pre-movie advertisements, tv --> commercials. This mechanism has worked before and worked for web2.0. The problem now is that so many companies are involved in data collection on individuals that it has become quiet scary, this was not possible with previous mediums (not to the same degree). Game companies have tried to transition to micro-transactions, psudo-gambling, upgrades as a payment form. Web3 offers a different incentive model that if successful can replace these arguably more scary methods.
If it was a pure central authority + protocol you would be doomed to live and die with them. Imagine if instead of git + github you had some source code protocol that only allowed you to checkout the latest commit of some branch. All code history needed to be viewed by connecting to the central servers. Why not make it even worse, you could only view+edit a specific file of the latest commit on your machine. All other files must live on the central server, you are not allowed to build/compile code locally either... Centralization is the process of you giving up control to a "trusted" entity. If they fail you lose everything
Proof of Work is one implementation but not the only one, there are many more efficient versions now. You might as well complain about Dial-up saying internet is a waste and will never amount to anything because the phone line is always tied up....
What is built ontop of it can be pseudo-centralized and/or regulated if needed but there is always the technical ability to re-decentralize if needed. My main concern is that I want the creation to outlast the creators/controllers. What happens if an important company gets bought and its IP split up? What if the new owners simple disable the product or put it behind a paywall. Look at bittorrent, the new owners completely screwed it up but the protocol + previous implementations could continue to be used. Look at Facebook's double standard of how they censor content.
I personally think anything that is popular + important enough to be used by much of the world should always have an open backbone should things go wrong with the current company+implementation. Open source is a form of decentralization. I also think decentralization of networks (backbones) is important to prevent one organization from achieving a "network affect" that makes them the central authority on a given resource (facebook, twitter, etc...)
Its possible in the future we will develop a mechanism that allows two completely unrelated & unconnected blockchains to transfer tokens between eachother. I assume there would have to be either an intermediate chain specific to this purpose or both chains would need to follow a similar implementation. So far we started with Proof Of Work, we now have Proof of Stake and Proof of History. There may be more mechanisms in the future.
I.e. it is 100% illegal to do genetic testing for anyone other then yourself or your under-aged children. Those tests can only be done by a doctor and cannot be transferred or shared with anyone other than another doctor. Any employer or person that attempts to do a genetic test on someone can face jail-time.
Seeing something that could be argued to be "bad" or "dumb" yet completely unique would be my preference.
France is only going to continue fund the Russian military for 5 more years. It is nice that they are speeding up the process away from fossil fuels, but 5 more years of funding a military invasion is 5 years too much.
Even if every single country in Europe was willing to kill their own citizens (removing cheap heating during cold seasons) by stopping using Gas today the Russian invasion of Ukraine would not stop.
Personally i always felt stock market and crypto exchanges are just mirror images of each other. Both are just scammy/scummy and its sad the the stock market isn't seen as such because its older and so ingrained into our society + economy. While there are legitimate uses for such a market (food and energy futures) they make up such a tiny tiny percentage of what its used for.
the U.S. military most likely having an interest in suppressing information to avoid someone else creating AI first.
there are strong incentives for secrecy (trade secrets)
No more need for fast food restaurants because they just can transformed into a fleet of trucks.
The problem with such setups is that they are often rife with abuse in some form or another. The person who controls the money controls the group/harem. Isn't this how the world worked before women gained voting rights and ability to work in the labor force. Seems the best way to have an equal partner relationship is to make similar amounts of money with similar amounts of education.
This is my guess of what will happen...
I make french toast, omelettes, over easy eggs, and toast. I have never had sticking that you are talking about...
Random note: I'm all for heat pumps & all for hydrogen. They just aren't for the same use cases. Heat pumps are good for heating+cooling of spaces. Hydrogen is good way to store electricity when care about energy-to-weight and/or need quick fuelling.