Hosting, storage, software, human-provided services, physical objects etc will never be "too cheap to meter".
Re:Web3 is centralized and inefficient
by eternityforest on Saturday March 26, 2022 @02:30PM
(#30814099)
Part of what makes tech great is reducing the need for physical objects.
Open source software already is literally free. Almost all the good stuff is developed by corporations at a pretty high price, but it's still not much considering billions of users.
Hosting apparently costs so little to provide that just a few ad clicks and some data collection, or a donation model like Wikipedia, can be way more than enough.
Some of it appears to even be given away just as a promotion.
It's not literally free, but it's getting close to irrelevant costs per megabyte of data.
Decentralized insurance seems like a horrible idea. Who makes the decisions? And who do you sue if they turn out to be a scam? How can you sue anyone without a centralized legal system?
At best, DeFi seems like a last resort, being marketed as a replacement for the whole bank system, while still not providing core services the current system does, and calling the lack of those services a feature rather than a bug.
It may have uses to certain niche groups, but the name web3 implies it's some kind of revolution on the scale of web2.
But most people have exactly no use for cryptocurrency. I don't want my money outside the traditional reversible financial system.
DeFi loans seem to mostly be based on large amounts of collateral. Greatly defeating the purpose of taking out a loan, which, unless you are rich and doing wierd finance stuff, is because you need money that you don't have.
I know very few people with any reason to touch Web3, unless it provides something of interest for anyone but rich people with a grudge against the government.
It would be fine as a niche thing, but unfortunately it has completely taken over the tech scene to an insane degree.