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A comment on Keep the web free, say no to Web3 (2021). Parent comment

Re:Keep the web free, say no to Web3 (2021) by rvz on Monday May 23, 2022 @07:55AM (#31477863)
> Are there any notable exceptions to my above observation? Am I wrong in some more fundamental way?

Do you see web3isgoinggreat reporting about [0][1] or perhaps [2] or even [3] and maybe this [4]?

As soon as the speculation calms down and the regulators limit these random DeFi projects there will be these projects like the ones I listed that will be still around that won't be 'wasting electricity' and have a valid use case rather than being a random DeFi token project clobbered up as a exit scam which is what you see that is widely reported and filtered out by web3isgoinggreat.

Sorry, but as long as these companies have re-entered into the same cryptocurrency industry, it is really not going to completely 100% guaranteed go away, unless you ban it all; which that is not going to happen.

The reality is, only a few projects will survive.

[0] https://skiff.org

[1] https://skiff.org/blog/skiff-x-ethereum-naming

[2] https://stripe.com/blog/expanding-global-payouts-with-crypto

[3] https://ir.moneygram.com/news-releases/news-release-details/...

[4] https://www.icann.org/en/system/files/files/octo-034-27apr22...

[ Parent | on HN ]
Re:Keep the web free, say no to Web3 (2021) by lupire on Monday May 23, 2022 @08:14AM (#31478008)
The only hint of a real product here is using crypto to bypass exchange fees and border controls of international money movements. Those fees exist for a reason (volatility risk), and there is no reason to believe the crypto version would be different. Those controls exist for a reason, and there is no reason to believe governments would allow "legit" regulated companies like MoneyGram to bypass them.
[ Parent | on HN ]
Re:Keep the web free, say no to Web3 (2021) by ben-schaaf on Monday May 23, 2022 @08:36AM (#31478194)
I took a look at skiff and it seems to be a regular email client that has support for the Ethereum Naming Service. If you take away the electricity wasting ethereum network you're left with an email client - which is honestly great - but decidedly not web3.
[ Parent | on HN ]
Re:Keep the web free, say no to Web3 (2021) by rvz on Monday May 23, 2022 @11:33AM (#31480354)
It is Web3. You can still use it even if Skiff servers shuts down. By using and supporting ENS, there is no lock in to Skiff servers. That is the whole point of it.

> If you take away the electricity wasting ethereum network you're left with an email client - which is honestly great - but decidedly not web3.

Not quite. It is not just an email client, it is an end-to-end encrypted workspace as well and everything is open source. As long as they still have ENS working with it and wallet logins, it is still Web3.

[ Parent | on HN ]
Re:Keep the web free, say no to Web3 (2021) by ben-schaaf on Tuesday May 24, 2022 @01:49AM (#31488452)
> As long as they still have ENS working with it and wallet logins, it is still Web3.

ENS inherently relies on ethereum. Take away ethereum and you take away ENS. Do that and you take away the only blockchain related part of Skiff. Do that and it's no longer Web3.

[ Parent | on HN ]
Re:Keep the web free, say no to Web3 (2021) by phoe-krk on Monday May 23, 2022 @08:01AM (#31477913)
Thanks for the insight, it's valuable.

> As soon as the speculation calms down and the regulators limit these random DeFi projects, there are projects that will be still around that won't be 'wasting electricity' and have a valid use case rather than being a random DeFi project clobbered up as a exit scam which is what you see that is widely reported and filtered by web3isgoinggreat.

I want to believe in what you say, but at the moment I simply can't. Maybe in a few years, if what you describe actually happens, I'll be able to see this matter differently.

[ Parent | on HN ]