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A comment on Web3 is expensive P2P. Parent comment

Re:Web3 is expensive P2P by thesausageking on Monday May 16, 2022 @01:18PM (#31400520)
Tiktok is the opposite of web3. It's a centralized service, run by a Chinese company, that collects loads of data about users and which controls the network. If they decide they want to ban your account they can. If you want to take your username and data to another network, it's very hard to do.

Networks should function more like domains and email. If you own "mouzugo.com", you can use Gmail for email. If you decide you'd rather switch to Fastmail, you can migrate without a problem. It's all enabled by open standards and interoperability.

This is what web3 is trying to get back to.

[ Parent | on HN ]
Re:Web3 is expensive P2P by giantrobot on Monday May 16, 2022 @02:07PM (#31401222)
> This is what web3 is trying to get back to.

No, it's trying to extract money out of clients for every transaction they perform. Moreover it requires all users buy into the cryptocurrency Ponzi to participate in that rent extraction. So you trade real money for Geoffrey dollars in order to pay money to read a fucking tweet.

[ Parent | on HN ]