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Discussion on: Why I'm excited about web3.0

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tonnerkiller profile image
tonnerkiller

What I was referring to was narrowed down to social networks and I think it does not bring much advantahes as there you already have the possibility to have cooperating nodes/servers with things like Diaspora, ActivityPub or the Zot protocol.
I am not so certain if Bitcoin and cryptocurrencies are to be seen positively, but there seems to be a market for it.
Thing is: How do you prevent one single entity from running 50% of nodes? Given enough money this can become possible. And then?
I think you always need to trust someone. With currencies you trust the Central Bank, with real estate you trust contracts and courts etc.

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thorstenhirsch profile image
Thorsten Hirsch • Edited

It's exactly the "given the money" thing. The solution is economical/statistical, not technical/deterministic.

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tonnerkiller profile image
tonnerkiller

The same you have with the networks I mentioned. Every node controls their own data, not one single instance.

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tonnerkiller profile image
tonnerkiller

Ah, scratch that, think I understand your point now: data independent of host.
Yes, this problem is solved. But I'm still not convinced. Maybe I don't see a proper use case, given that I consider Bitcoin rather a bad thing.