So I thought I would research the hyped “web3” design metaphor see if it was worth considering as a method for implementing an application, found a couple of interesting articles on the subject.
The answer seems an indisputable No! However obviously a virtual currency will be needed if the metaverse ever takes off, and the catalyst for that happening could of course be World War 3, not much going outside after that eh! Much like the covid-19 lockdowns was the making of netflix and the video conferencing apps, and first iteration of digital id apps. So that might explain the western leaders enthusiasm for funding the war in Ukraine. Seems Ukraine a bit of a testing ground, along with reports of western-funded bioweapons labs, seems Ukraine has initiated the first western Central Bank Digital Currency and social credit score system, the CBDC is obviously a key interest of the international financiers, so much so they have a secretariat within the united nations dedicated to promoting it!
The Web3 Fraud
https://www.usenix.org/publications/loginonline/web3-fraud
By now effectively all ;login:’s readers have heard the term “web3” and “dapps” bandied about as if they are some great revolution. They are not. The technical underpinnings are so terrible that it is clear they exist only to hype the underlying cryptocurrencies. The actual utility of these “decentralized” systems is already available in modern distributed systems in ways that are several orders of magnitude more efficient and more capable.
Read the full article for a good overview of the computing power of web3
My first impressions of web3
https://moxie.org/2022/01/07/web3-first-impressions.html
cards on the table here – I don’t share the same generational excitement for moving all aspects of life into an instrumented economy.
Even strictly on the technological level, though, I haven’t yet managed to become a believer. So given all of the recent attention into what is now being called web3, I decided to explore some of what has been happening in that space more thoroughly to see what I may be missing.
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The takedown suggests that I violated some Term Of Service, but after reading the terms, I don’t see any that prohibit an NFT which changes based on where it is being looked at from, and I was openly describing it that way.
What I found most interesting, though, is that after OpenSea removed my NFT, it also no longer appeared in any crypto wallet on my device. This is web3, though, how is that possible?
read the full article for a detailed report on how the NFT and crypto API works