Web3's fake version of Web history

Re:Web3's fake version of Web history by thesausageking on Wednesday May 03, 2023 @11:48AM (#35803825)

"When you look back on every decade in tech, there's one thing that really dominated. I think the Internet Computer will be the one this next decade." - Chris Dixon

This was the a16z-backed "Internet Computer" which launched a token, ICP, that Chris promoted and was then dumped on retail investors as liquidity for insiders.

Chris's version of the history of web was created to sell retail investors on this narrative. And a16z has made a pile of money doing it.

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Re:Web3's fake version of Web history by lazzlazzlazz on Wednesday May 03, 2023 @02:24PM (#35805869)

The "internet computer" is a description of a general category of things: blockchain computers that share state with verification, consensus, and guaranteed data availability as irrevocable properties of those systems.

Although a16z did invest in "Internet Computer Protocol" (formerly known as Dfinity) years before, the term here is being used in the general sense, and Dfinity adopted the term later for marketing purposes.

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Re:Web3's fake version of Web history by preseinger on Wednesday May 03, 2023 @05:12PM (#35807874)

yeah but they're not actually irrevocable, right, because networks can fork

you're always subject to some authority, trust always exists, it's just that in decentralized systems that authority is arbitrary, subject to an algorithm rather than an entity governed by law

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Re:Web3's fake version of Web history by rchaud on Wednesday May 03, 2023 @03:51PM (#35806863)

Watching Andreessen of all people try to shoehorn in Web3 has made realize that "ICP" is in fact a fitting acronym for A16Z, assuming it stands for the name of a particular band.

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