The death of: Web3
ฝัง
- เผยแพร่เมื่อ 15 พ.ค. 2022
- Visit brilliant.org/CallumUpton/ to get started learning STEM for free, and the first 200 people will get 20% off their annual premium subscription.
Lets take a look at what Web3 actually is, how it differs from Web1 and Web2. and most importantly, how its going to end..
This video was sponsored by Brilliant
Discord: / discord
Patreon: / callumupton
Twitch: / callum_upton
Twitter: / callumuptonyt
Music:
artist: Jupiter
song: Lost Love
Spotify: open.spotify.com/track/3nKRAa... - เกม
Visit brilliant.org/CallumUpton/ to get started learning STEM for free, and the first 200 people will get 20% off their annual premium subscription
LUNA TO THE MOOOOON !!!!
@MrDjBigZ advertisers specifically pay for an ad in the first 1/3 of videos, they want them to be seen. 90% of users will watch atleast the first 1/3 of a video so it gets them the most value
I actually jumped up in the chair when you said "DAO" ( at 16:30 on-wards ).
That reminded me of the German "DAU" (same sound) = "dümmster anzunehmender User" ~= "dumbest user ... to be supposed", which seems this Web3 thingy targeted and marketed to.
Thanks for the in-detail processing of this topic and the journalistic information you provide, Callum!:) It may prevent the one or other from crossing the thin line ... to be a moron, because "reasons" (yeah, getting scammed by tech-brabble ... **g** ).
Synonyms: BDU -> brain dead user, EIFOK -> Error in front of keyboard, ERROR-40 -> The error sits 40 cm in front of the monitor, etc. ... :P
@MrDjBigZ just saying ... Callum has to eat.
Have a good one, Mr.!;)
@MrDjBigZ This is of course a weighty argument! Sure ...
I've been a web dev for closing in on a decade and I can't put into words the feelings I have to the direction things have been going. It's a combination of existential dread, hopelessness, rage, disappointment, and frustration. What I wouldn't give to go back to 1999. I never thought I'd miss neon flashing "Congrats on being the 1 millionth visitor!" ads, terribly-formatted MySpace pages, and 240p video.
dont forget the sheer creativity and that mass vitality the late 90s early 2000s had when so much new original stuff was being made that we looked forward to with anticipation instead of dread like we do now
i remember abusing some random XSS bug in a local social media site to have my profile play: "Celldweller - The lucky one".
And it didn't get patched quickly because nobody abused it maliciously.
It was such a weird and fun time. In hindsight it looks like some weird kind of acid trip version of the internet.
Those millionth visitor awards were sick though
Well we reached record ocean temperatures this week. The reality of our future is very grim, with potentially a large chunk of humanity dying and suffering, some maybe going to live on mining colonies on the moon and mars to avoid disaster on earth. If it truly gets as bad as it seems it’ll get, people will be wishing they were back in 2023 soon enough.
I legit hate how everything cool is ruined by the Number Goes Up crowd and the freaks that would sell their own family members for money smh
Many philophers throughout history have warned how money brings out the worst in people.
All the stuff with companies made out of code makes me think of the message left by an engineer in Bioshock: "He tells me to make the machines unhackable but they keep finding ways to hack them."
I'm still convinced that NFTs were only popular because people had nothing else to spend their money on because we were all in lockdown for a while
It was a scam to get COVID checks back and to make internet scarcity acceptable
Everyone is looking for the new bitcoin or GME stock in order to get in early and profit later.
It worked because NFTs were this new shiny thing, and people with more money than brains thought they'd be missing out.
Kinda like Google Stadia, lol.
@@KoffinKat And then the hedge fund managers found a way to recoup their GME losses buy backing several crypto projects from behind the scenes, then the regular garden-variety "crypto entrepreneur"with no real job or work experience found out there was some serious money in it (at least early on)... by scamming even richer people into thinking they could double their money. They tripled it instead and skimmed the top. Rinse & repeat until they lost credibility. Then they created a new twitter profile under a fake name and did it again.
I've seen crypto transform from this obscure underground "indie" project that was mostly theoretical, to an absolute cesspool and a den of thieves in the last 10 years. I used to support crypto but now i'm excited for it all to burn and to watch everything even remotely associated with it to go up in flames. I don't have a singe shred of sorrow for anyone whose going to "lose everything" because the writing has been on the wall for at least 5-7 years now. Sorry that it happened to you, but that's what you get for pouring your life savings into something *nobody* really understands except the people who created it (as a tool to scam you for all your worth; and it looks like they succeeded). If you're still alive when the dust clears, hopefully you'll be smart enough not to make the same mistake twice. But I think everyone knows that if they fooled you once, they're gonna fool you again. Here's advanced notice that I'll be laughing *at* you and not with you, because you should already know better by now.
*nod* a recurring problem in economics comes up when there is too much free capital and not enough places for it to go. people come up with new 'investments' where the problem they are solving is people have too much money and not enough opportunity. We saw the same thing with the housing bubble, too much investment capital floating around and not enough good investments, so people created a whole new class of 'investments' to meet that demand.
Being paid to be a miner in EVE is still one of the strangest things I've ever done in gaming. I'm still friends with some of my other strip miners, but I've lost track of the Corp I was working for a long time ago. I started getting some hardcore flashbacks of Corp days the moment I started hearing about NFT and Smart Contracts. All the NFT games reminded me of the scam billboards run by gamble accounts around Jita. Even the corporate hacks feel like "just another day in EVE".
Eves economy is marginally, or substantially, depending on how you look at it, more stable than web 3.0
I was just a high sec carebear with a jetcan and a hauler alt, and I had the same reaction. I actually used Jita to explain web3 to my wife.
Oh, Jita 4-4, yeah that place was special XD I haven't touched the game in a long time now. Heard CCP have been fucking the economy in some way recently.
@@Direkin CCP fucking the Eve economy is just tradition for them at this point.
Glad to see I'm not the only one out there that was like, "Is this EVE?"
Observe the lack of advertisements on web1 and early web2. So beautiful.
Behold: uBlockOrigin, currently blocking 157 items on this page for me. Throw in a track blocker and a couple containers for facebook, google and other data grabbers and your are basically back to the advertisement free, somewhat anonymous internet of the 90s with all the features of 2022.
@@creativedesignation7880 It sure is a whole different world when using the YT app on my phone vs. visiting YT in my webbrowser (phone or PC) with blockers active.
@@Lenariet The whole reason I don't watch yt on mobile. Adblockers ftw.
but this is not... true.
early web 2.0 in particular, banner ad hellscapes *swiftly* became the norm, and the pop-up ad (with limited pop-up blocking as a setting by default in browsers!) _absolutely exploded_ within just 2-3 years. this is also the time when it was figured out how to embed malicious code into ads; a wired article was already talking about this by _2007._ however, many webhosts blamed _user error_ unrelated to their sites as why people were getting malware and viruses at the time (deviantart didn't make an official statement on their malicious ads for another 4 years), so users were left even more frustrated with lack of help in access.
by 2006, it was not uncommon to see 3+ banner ads (and a pop-up or pop-under) on a single webpage, before scrolling. the nature of these ads were certainly different (not embedded into the scrolling action itself or paid sharticles, etc), but they were already quite excessive, flashy and fatiguing to endure, and users complained endlessly. it may seem quaint by today's standards, or this may be missed due to using archived pages as reference (where ad placeholders are the only indication of existence, making pages look much cleaner than flashing gifs), but it was certainly indicative of the future trajectory. and it also needs to be remembered that speeds were lower, so multiple gif ads could turn it into a crawl (or disconnect dial-up by overloaded crashing) and that pagination was the navigation methodology (endless scrolling comes later) so all these banner ads reloaded every single page. also missing, is the screen resolution users had at the time (sub-HD 4:3 monitors, often 1024x768, but 800x600 wasn't unheard of, especially in laptop users) meant these ads got much more screen real-estate than what one would be led to believe on 1080+p resolutions. the complaints were warranted at the time, just as much as they are now. it's absolutely revisionist to claim major sites at the period weren't infested with ads, that users didn't complain (or that we didn't realise it would only escalate), that they were less intrusive/annoying for navigation or that they were more innocent than today's.
'congratulations, you've won.' _nasally monotone voice coming from a pop-under ad claiming you're the 1,000,000th visitor text in comic sans on a background of epileptic seizure-inducing flashing solid colours_
@@creativedesignation7880 dont forget sponsor block too!
As a retired software developer, I went through all the webs except 3. But in Web1 you could build your own website (you got that wrong) but many people just put out websites that allowed others to read information. To sell something was really hard. I remember Web2 coming out but never fully understood why it had to be given a "new" name. or version. or whatever the fuck it is. But I do remember that Silverlight made it possible for backend developers to actually DEVELOP a website. The script kiddies hated that we could program webs. Then came Web 3 and all I could do is sit there and ask "why the fuck do we need this?" and when they said decentralized and anonymous and all I could project is "ahhh a public version of the dark web." jejejeje
Yep. Some people say that it was easier to create websites in web1 because you just needed simple html, instead of JavaScript and web frameworks lol.
it was much harder to build a website as an user unless you were a programmer. a lot of people just hired a company to make the website if they wanted a business or blog.
You could also build web forums, well before the point he described interactive web as beginning. I was building forum communities and user-editable profiles on websites at the turn of the century as a high school kid learning PERL and SQL.
Yeah, the phrasing could have been better. Because yes you could, but you'd need to know HTML which sounds easy, but it was still around the time when a lot of people either didn't have computers in their homes or didn't know how to use them properly. It's a stark difference to now, where you can create a website from your phone without ever having to touch code so its essentially an everyman skill.
I quit web programming after high school into college because of the confusing framework concept. Still can't understand it.
NFTs, metaverses...both things I immediately assumed would be in year-end wrap up shows being laughed at as a passing fad going into 2023. It didn't take much to realize, but I can't wait to see how we look back at this ridiculous phase.
Web3.0 is just a bunch of ideas built around fantasy at this point. Blockchain may be the start of it, but everyone who is building entire projects around it (like Earth 2) are just dreaming and have no real understanding of what it actually is or how these Web builds slowly evolve.
the concept of a blockchain is already stupid. we basically still have no use case for that technology. A decentralized database is inherently inefficient. the blockchain is not just less efficient than a centralized database it's maginutes less efficient. A centralized database can create millions of entries every minute, while it takes seconds (maybe even minutes) to create a single entry into a blockchain. And while you do that you use up thousands of times more energy. even with proof of stake.
I didn't even think it would be popular at all.... Literally made no sense to me to pay for a JPEG...
I'm ready to bet the Spice DAO bought the copy of the Jodorowsky's Dune artbook for 3 millions when it was valued just a few tens of thousand $ because they thought a real life auction worked like eBay.
I still suspect it was some kind of wash trade... a deal between the controller of the DAO and the owner of the book
that is exactly what they did, not the original script of Herberts Dune, no 'just' one of the (what 4 or so) copies of the storybook of what Jodo and Moebius(and also some colab with Giger iirc) had planed for their version of a Dune movie back in the 80's. A book i mind you you can already get for free as a pdf on the internet
How would that result in them overpaying so much for the book?
Something i have been wondering about with all the crypto companies are "What are you selling and why would i buy it?". Seems like they never start with a product and then figure out how to sell it but try to sell it before they know what they have to sell. Since crypto and NFT dont change anything fundamentaly your company should be able to work without them. If your company dont work in the first place how could it work by adding a database with a ledger to it?
Yeah, these people mostly fall in one of two categories: people who got no clue about economics and business, and people who are intentionally scamming others.
It’s the dotcom bubble 2.0.
Go back and watch the defenders of the internet a year prior to the bubble bursting. Companies were being created and put on the stock exchange almost daily, with no product and no real focus. Defenders were saying that the fundamentals didn’t matter and “diz iz a revoluchun!” And saying how the prices would always go up.
In the end, the bubble popped, millions lost billions, and the “revolution” died while the fundamentals took hold again. Same here. No fundamentals and “it’z uh revoluchun” and… pop.
This reminds me of Steve Jobs when he said you should work backwards and figure out how to market the product before building it. Because you could have all of this amazing technology, but not know who to market it to.
Selling greed and hype - the promise that if you buy this you can ride the train and sell it to some shmuck for more. So they can sell for more. So that person can sell for more... but it's all wild speculation pumped with fomo and hype. There is no scarcity or valued stock. So it eventually crashes, but the early investors have cashed out and left for the next big thing. Pretty much snake oil 21C edition.
Exactly. That question is actually how I got into crypto in the first place. 99% of them are just positioning themselves to replace fiat currency with the hope that it will one day go “to the moon.” Others do have a unique thing they’re trying to do, but its still something that you’d seriously question the demand for. Veracity, for example offers to pay you tokens for watching ads. But how many people really want to waste their time watching adds to collect a token that could easily be rendered worthless tomorrow? Eventually I landed on NOIA, which builds blockchain internet. Due to routing protocols, it’s actually better and faster than traditional internet. (Unbelievable but seriously, look into it). The technology is still in its infancy, but it’s the only technological advantage web 3 actually has, because lower latency and faster internet is something that will eventually go into mass adoption via somebody. So HOPR and NOIA are literally the only thing I feel comfortable holding in the space. All these other cryptos will bust.
I'd like to provide yet another reminder that the "Metaverse" originated as a satirical critique of capitalism in Neal Stephenson's cyberpunk parody novel, Snow Crash. The novel where the main character is named Hiro Protagonist. The Metaverse is basically a dystopian hell world where everything is monetized and advert-plastered to hell and back, essentially described as empty, meaningless, and artificial.
Capitalists, as always, seem comically incapable of understanding satire. Now all the cyberpunk authors of the 20th century are laugh-cry-screaming "It was a joke..." into their coffee cups.
Earth 2 literally had advertised their project being the first ever Matrix or Ready Player One - because I guess we would totally love to live in the worlds shown in these movies.
@@Lenariet If missing the point was an Olympic sport Fintech bros and venture capitalists would actually be good for something.
yuuuuup.
Well, we just have to do it the right way. Like communism :P
Capitalists are not incapable of understanding satire. But they can take anything and turn it into a new way to make money. Like printing Che Guevara on T-Shirts.
You're not exactly right about the Dune thing. You're right about how the people who bought it are stupid and their plan was moronic, but it's not the original copy of Dune. It's the script and concept art for a Dune adaptation that was supposed to be made by film director Alejandro Jodorowsky, colloquially known as Jodorowsky's Dune. It diverges heavily from the source material and kinda turned into its own thing. At the end of the day it's still based on the Dune IP and Frank Herberts family, Legendary Pictures, and Warner Bros would sue the hell out of them if they did anything with it.
it was an art book of the project. this particular version had stuff though that the published edition didn't have. hence why it was going on auction.
@@taoofjester4113 The important part is those ignoramuses did not understand nor bother to understand it.
@Baxi The reason for burning it was so stupid too, they planned to scan the pages and turn them into NFTs, then burn the book to ensure the NFTs scarcity or something
they understood this how these normies understand tech
@@toomanyaccounts If I remember right,it wasn't an art book, it was the pitch book (the concept arts they pitched to producers to get founding). And there is like, 40 copies of it.
So it's a rare item, but not even a unique one.
I'm already working on Web4 and what holds it together is USB 2.0 flash drives with no ECC.
hit me up for a sponsor soon, i'll try and move it to my spam in record time
Let's work on... an ultraverse? Let's go to... Alpha Centauri? 🚀
Ahhh, this makes me feel better about my reservations about web3. I keep feeling like I'm the crazy one saying this doesn't make any sense and having actually educated people in the financial world claim its the next big thing. It's like the housing bubble in 2007, I kept saying that the bubble had to burst because some people with great credit were buying 3 investment houses while people with no credit were being sold houses the couldn't afford but the took the house because they had to live somewhere. When the bubble burst I was glad I just decided to rent while my friends all lost houses.
It baffles me how anyone educated thought this project had a real future. It's like they purely focused on the potential profits and not who actually wants this shit
I think the most damning part of web3 is HOW it's trying to shift the purpose of the internet into a profit haven. But I think all it will really take to push everyone in that direction will be 1 VERY GOOD PRODUCT (whether it is the metaverse or something else web3). But that the biggest issue it faces rn.
Being educated doesn't matter if you weren't educated in what's IMPORTANT to the conversation. You wouldn't listen to a math professor's opinion of open heart surgery, after all.
The problem is most of the people who think web3 is great are business people, or advertisers. None of those people understand how information technology works, how it's actually maintained, or anything whatsoever about data security. A few of them might know some accounting, but only a handful of them might understand enough about economics to run screaming, and they already have.
I guess they were the same financial geniuses saying that investing in Venezuela or Argentina was 100% safe and profitable.
@@toketsupuurin Still - you'd think business people would have enough social awareness and basic empathy to think "Okay yeah this would be extremely profitable, but would *I* want to use this if I were an average joe?" Like ffs that seems like basic market sizing analysis to me - something they'd almost certainly have covered in business school.
It brings me joy to watch such an early fall of the NFTs. We got so many problems around the world, we sure don't need this one.
Strawberries fields works the same in Canada :P
so much unfounded disdain for something that you're not even a part of nor fully understand
@@feIon so much cope for a bs technology you only bought into out of fear. You're most likely broke by now.
@@feIon 2 years ago
"so much unfounded disdain for something that you're not even a part of nor fully understand"
I think you're the one who doesn't fully understand NFTs.
I worked with a couple of companies that dealt with "guest experience" and other ways of saying "we will use any data on you to market your entire experience on this trip or in daily life as we can to try and get you to spend more or keep you in places that make you want to spend."
Then I saw a new car dealership get built and they knew your name, occupation, income for the last 5 years, what your last 10 vehicles were, favorite drinks, hobbies, etc etc just from scanning your LICENSE PLATE when pulling into the dealership. It was built right across the street from one of the companies that liked data like that. They became friends with some of our guys and yeah, the amount of info that is out there for people that they didn't want anyone to know is insane.
If all these companies have so much data THEN WHY DO THE ADS I GET AREN'T THINGS I WANT!
@@soundrogue4472 are you sure you don't want them? Maybe they know what you will like better than you.
But I also receive ads in Spanish for schizophrenia medication. And to answer the inevitable question: yes I did fail Spanish 1 four times.
@SoundRogue
Because marketing is all about pushing products you don't need until they convince you to want them.
@@soundrogue4472 Because they're ads as soon one pops up off my brains shuts down immediately.
@@taoofjester4113 they don't; at one point I was being marketed an AI girl friend, no thanks.
I remember when Diablo 3 tried Play-to-Earn without calling it as such.
The motivation was very different in that case though. Blizzard didn't implement the real money auction house for "gEt riCh bY pLaYinG tHis gAme!"-style advertizing, but because they knew people would sell items for real money anyways (see d2jsp) and saw an opportunity to get their cut instead of letting that go to other parties. Still didn't turn out well for them.
@@ArigatoPlays the problem though is they made the drops shit and you would barely get items for your chacter so it just made it annoying. But now Blizzard Activision got rid of it and decided to sexual haress people instead.
@@DrHojo123 who are they sexually harassing and how?
@@ognjensijak989 everyone everywhere last I heard. Their company is a mess. They probably sexually harass their code as well - that's why their games don't work.
"with web 2 the internet was no longer a one sided phone call"
Nice dial up pun there too lol
ayyyy! somebody caught it
Callum super briefly, too briefly, mentionned what is perhaps the most important feature of Web2; user generated content. This the rise of service platforms where the operator does not create the content to be consumed but it is left to users.
Think TH-cam, social media, marketplaces.
As Callum said, before that, there was't all that much to do online.
For the majority, maybe. But Web1 was amazing for us geeks. BBS, MUDs, telnet, and sooo much more. Sierra online had some amazing stuff too. I spent way too much of life on Web1. Like literally a year out of three was online. Hearing dialup service connect to a BBS for the first time was a hit of heroin. Or what I assume heroin feels like.
Web1 was amazing fun. And it was before it was corporate owned.
Yeah, I noticed that Callum seemed to talk almost entirely about the negative aspects of Web 2.0 when he introduced the idea, and gave short shrift to the positive aspects (more complex interactivity, games, user-created content, more interesting page format, online shopping/services, persistence, etc).
Web 1 - created by tech bigbrains for legit geeks/learning
Web 2 - created by corporations for normies/profit
Web 3 - created by mafias for morons/money laundering
wrong,
Web 1.0 - created by tech bigbrains for legit geeks/learning
Web 2.0 - created by tech bigbrains for making it much faster
Web 3 - created by scum criptobros
web1 and web 2 never existed.
Nah, its created for privacy, controlling your data but i fucking hate these nft garbage sites
That about sums it up, yeah.
@@Gigachad-mc5qz "created for privacy", with open ledgers that permanently disclose openly every single transaction ever made by each user. Seems legit.
I couldn't put it better or shorter...
So the Dutch Tulip market is collapsing. Amazing how the same scams keep getting repeated just with new names
It is so troublesome (to say the least) that people can't refuse transactions to their wallets. You brought up a great example here. And what if someone wanted to frame another person with illegal content. They couldn't block having things sent to them. It's a disaster.
Ah, but there *is* a reliable way to block unwanted crypto transactions: Just don't have a crypto wallet.
A perfect tool for total control of people. That's why governments will force it on all.
then use private crypto like SCRT
even worse, since there is code involved on the actual objects, people have found ways to send things to people's wallets which, if the owner interacts with them, it steals the wallet contents or otherwise compromises it.
Isn’t this the same as emailing someone? There’s a record of the sender and receiver. I don’t understand how you could ‘frame’ someone?
Great video, Callum! And thank you for mentioning all the harassment and stalking possibilities - it is already so easy to do this. Obviously, you have the stalker ex angle, but there are also obsessive fans (either for the person stalked or for someone the person stalked has potentially insulted or spoken up against), people with grudges or just pure spite. I witnessed the stalking of some historians on Tumblr by a random man who didn't like how they talked about Herodotus - it was BATSHIT. Along side all the other reasons I'm wary AF about Web3, the stalking angle is just... y i k e s.
Historians... on Tumblr? Tumblr wasn't exactly known for educational content, from what I recall. Were those historians perhaps writing fanfic about Herodotos? :D
@@KoffinKat Ahaha, no. They are Egyptologists who just have normal tumblrs but who also talk about Ancient Egypt stuff. Being focused on Egypt from Egyptian sources, they never paid much attention to Herodotus. This caused Random Fanboy to go full obsessive in indignation, it has been BIZARRE to watch.
@@KoffinKat There are professionals on Tumblr. From my experience they mostly shitpost and share funny shit that they come across. There was one post floating around about a grad student's paper outright admitting a hindering factor in their experiment was that they had no idea what they were doing.
I think one thing that's missing from your definition of web3 is that it's presumptive. Advocates of these technologies want them to be the third major version of the Internet, but they don't get to decide that by themselves, and it's by no means inevitable. Almost certainly, there will one day be a thing that we call web3, but it won't necessarily be what it refers to now.
Yeah, another comment here noted how the term originally referred to the “semantic web”, but that idea never took off and the term was co-opted.
It could also be like IP addresses where there is an IPv5 but it never saw mass adoption. So conceptually people know that it exists but no one knows anything about it and functionally we just went straight from IPv4 to IPv6.
I think of play-to-earn as "esports for people who are bad at esports"
So web3 is the new slavery: very rich people using the serfs as currency and commodities between each other, and forcing said serfs to "play" for a pittance to then pay for necessities.
Damn, that's dystopian.
Yes and people really fail to realize how dystopian it is. Web 3 is not a wealth redistribution from the rich to the poor as many crypto bros might tell you. it's the absolute opposite. only very few people, taht were not rich became richt with crypo currencies. And many many more lost a lot of money. But many rich people became way richer because of manipulationg the crypto marke. crypto makes the rich even richer and the poor even poorer. It's a major issue and the zealots are too blind in their euphoria to realize that. I have seen many suicidal posts after the terra and luna crash
That's their wet dream.
Here around Boston we have apple orchards that work like those strawberry fields he mentioned.
Mostly, it’s a place to bring the kids, or go on a daytime date with someone who has to bring their kids, that sort of thing, but you get to bring home apples at the end of the day (and maybe drink cider during it 🍺)
I think it was more a suburb/exurb thing. Didn’t do much of it coming up in the city.
It used to be a thing here in Czech Republic as well, from what I've heard. Not sure if it still something that people do or if it's a thing of the past, though.
because of course you need an entire bushel of apples...
Don't tell Square Enix this. They sold off some of their best IP's to fund this shit.
some of their best IPs that weren't theirs originally and they were doing jack and shit with. I hate the reason they sold those IPs off... but I hope to get SOMETHING new and good out of it...
@@RikiRaccoon your hope is going into a black hole of despair
@@toomanyaccounts geez, this isn't Endsinger's Aria lmao
@@RikiRaccoon from what I heard the company that brought them likely will just make shitty mobile games.
This is a neat explanation of how even if web3 worked how they say it will, it would be horrific. Thanks Callum.
Also I do want to point out that using Jenny, a place holder for women/afab, is a very good way to lay it all out. Because there WILL be a man or woman, a creep, that will do that. Purely to harass a person because they feel entitled to them.
And thats not even touching on how more horrifying it'll be when you bring… minors… into it.
And you know that some nutter would send nfts of minors in... unfortunate situations... to as many people as possible, because the accusation of that specific philia could destroy lives in a flash.
@@SymbioteMullet Because they dont see the victims as people. Kids. Just tools
humanity was a mistake
@@SymbioteMullet Definitely. I have also thought about the possibility of people switching out the pictures you buy to some really vile crap, so when you think you buy an image of an ape you really buy CP. Since it's only the NFT that is permanent and not the asset it leads to, how can you prove that it wasn't your intention to buy CP?
As Dan Olson put it dick pics dick pics you have to pay to have removed.
@@SymbioteMullet and it's all decentralized so good luck getting rid of it
I love the assertion that web3 will be anonymous, but then all of your activities and details are public, like knowing exactly what you do, where, when, and with who wouldn't make it _incredibly_ easy for someone to figure out who you are.
Btw who cares ? You are using google products
Note that Web 3.0 originally referred to the ‘Semantic Web’. There were some interesting ideas there that still remain around the web, but it ultimately never took off as much as its creators hoped. I find it pretty fascinating to see how the term was then recycled (seemingly in an attempt to launder the reputation of cryptocurrency) by people who probably had no idea that the semantic web was a thing.
Web 3, just like the Metaverse, are nothing but new marketing terms to try and sell stuff that already exists.
and utterly failing at why you do rebranding. losing billions and being mocked are not something a company would want.
take for example convection ovens been around since the 1950s but sold terribly and they were big and clunky. a number of microwaves even had the functionality of the convection oven built in. fast forward and in 2010 or so the convection oven got renamed as the Air Fryer and the look was redesigned to not look like a microwave or regular oven anymore well except for some big models. now Air Fryers are a high in demand item and lots of people have bought more of them in fifty years of the convection oven being for sale.
Web3 is pretty much the hyper-capitalist version of "You'll own nothing, and you'll be happy"
It's infuriating at this point to see someone pull out a buzzword filled speech purporting to have something that will change the whole world, but underneath it'll really be just a more convoluted way to do something we've been doing for years, if not decades at this point.
Web3 is a solution desperately searching for a problem.
A bunch of cryptobros tried to turn what they thought was an abandoned game into an NFT. Apparently they really don't get digital ownership. 😂
No they get it. They just ignore it when they want to use someone else's ip in their next scam. And then scream bloody murder when you just dl it for free anyway. the most hilarious thing is they could easily have prevented "theft" by using read only thumbnails. IE you can see the image but you won't be able to dl it. This oversight if indeed you can do with Blockchain, is why I kept my distance. Everything stunk from day one.
10:28 also the creator of an NFT can even prevent burning if they'd like, in the same way that other token issuers like stablecoins are able to freeze balances to comply with sanctions, its easy to implement a feature in the smart contract that defines an NFT set (or any other sort of cryptotoken) that allows the contract creator to maintain a list of addresses that aren't allowed to move them - therefore spam NFTs can just as easily be forced to be owned by the victim wallet forever, without even the ability to burn them
13:20 I grew up in Missouri in the US. We had "Pick-A-Buschel" berry farms. You pay like 5 bucks, grab a basket and go pick until it's full. Normally all kinds of berries. I know my neighbor, (1 mile away) grew some of the best blackberries I've ever had.
Great work Callum. The effort and quality in this video is top notch.👏
Watching this while playing eve..its not that bad, we're even getting full Excel support now!
*cries in spreadsheet* but in hall honestly, i can see the appeal to EVE
appropriate sponsor, you are brilliant callum. an absolute. vid editing is getting better, too.
Much love brother calum, keep on doing the work of the organization!
To be fair, even the play to earn model can work. EVE's economy still hums along with the items in the economy being measurable in real world value through the time invested in it, and often being sold for it.
But the crypto bro's are making the same mistake as why educational games still suck, even while so many people pick up knowledge in games. FIRST, build a fun and enjoyable game to play. Then you can do stuff with it. Trying to design a game from the ground up to be play to earn will never work, as fun isn't the objective, money is. Once you have fun, you can sell it, because people have no problems paying for fun.
They're not gonna pay for work. That is supposed to pay you.
Not the same however. Eve developers do not allow it and you potentially can lose everything by being banned. Eve also doesn't hold actual money for people to exchange from their ISK.
But I agree that it could work. However the earning portion should not be the main drive behind the game. Make the game fun and solid, then add the earn portion in. Assuming the company can protect against hacking.
EVEs economy was planned by actual ECONOMISTS tho :D
@Jimbo Bimbo You can actually exchange in-game stuff for real money in tf2. Refined metal, which can be gained from smelting randomly dropped items, is worth about 4 cents. Not much, but it can still be exchanged. The more expensive stuff, such as golden pans, can sell for over 10,000 dollars.
@Jimbo Bimbo companies wont allow this as it takes $$$ out of their own built ecosystems. main reason gabe (valve) is against it imo lol
It's like that by design. Pay to earn "games" cater to gambling addicts because they are the ones dropping the big monies on the ecosystem. And they want monetisation systems and big returns.
On the other hand, if you focus on gameplay first, you end up realising there's nothing in the blockchain that's better than the existing alternatives. You can make everything better with a centralised database.
The comical thing about DAO's to me is the concept that they're actually "Decentralized". In the context of a computer network, that much is true. The computers running it are volunteered by their users(or hackers) to run some code that automates some kind of process. The problem is that code the computers are running was written by someone, and that someone had to make centralized decisions as to what the computers are going to do, what the constraints are, etc etc. When it comes to that aspect of a DAO it isn't actually decentralized by the definition of decentralization. It's almost paradoxical in a way, and is probably a good reason why none of them have any serious application. Sure, they're in their infancy, but that doesn't mean they'll even make it out of it either. Maybe it's for the better that they don't....
FYI: these strawberry-fields at least also exist in germany.
and it's AWESOME!
In Sweden too.
We have the same thing with blueberries here in Alabama
So a DAO is a bunch of NFT bros trying to form a union?
Metaverse is just VRChat with extra annoying steps.
as my brother said
Thanks Callum for this video ♥ iam sure this will help alot of people
Bravo, informative, on point and concise enough take to not be boring. Looking forward to more.
With this new countdown, my ears are finally at peace. Very relaxing :D x
*absolutely well-done, let's hit that Trending*
Excellent articulation of the situation. More people need to see this.
Side note, you can take down the image attached to an nft.
That is the best way of looking at w3 I've heard in a long time
So glad I got this lunch break on time!
I think it's not fair to always assume the worst possible implementation of a technology as the standard. With the same logic you could say about emails: "Imagine sending your bank data, address, personal informations and confidential letters over a global network, where anyone with access to the server can read it and share it to everyone."
In the early days of e-mails before spam filters and government regulations was set in place e-mail fraud and virus spreading was absolutely rampant.
Unlike crypto, email has a use
Have you seen last DreamWorld first year anniversary trailer?
Would love for you to go back to it for an episode
It takes a while of using git to realise that having the ability to rebase branches to remove credentials for example is the single best thing that has happened that you can't do with blockchain.
Until you've got hundreds of forks and trying to rewrite history is just going to pull attention to it...
@@vocassen That's still something that only gets worse with the blockchain.
By some definitions, web 1 is static content, web 2 is dynamic content and web 3 is user generated content. Of course that's not what it means to crypto bros, but I find that to make much more sense. Particularly because decentralization has existed since the beginning of the internet. You can host a website from your home internet connection if you want to.
When it comes to Jenny, most of what you mentioned are not actually issues. You can create a blockchain that requires the signature of the recipient on a transaction, to prevent people forcing things into your wallet. I don't know why that hasn't happened yet. You can generate multiple public addresses from the same private key. In fact, with Bitcoin it was highly recommended to generate a new one every time you needed to receive money. The public ledger seems to have been fixed with Monero, which is in fact where most illegal trading happens. Most illegal marketplaces are requiring the use of Monero at this point.
I still agree with your conclusions but these are (mostly) solved problems. It's just the people who spend their time shilling crypto aren't smart enough, or willing, to merge these concepts.
This was very interesting and I learned a lot. Thanks for that!
Great job man, keep it up.
10/10 script, humor, and editing!
Thank you! I'm glad the extra time paid off, and thanks for the $5, very generous of you 😁
Someone whose expertise peaks at reading mainstream media articles dives deep into a complicated topic they hardly understand. Nice
Care to elaborate?
Well put together video 👌
Web 2 is not really about the gathering information, it was about ways to do that seemlessly. Not just that the form was on the page but we could package it up into a request to the server behind the scenes, get the response and update your view of it. There is more to it than that, but that is the ultimate part of it, for example where I'm editing this comment inline, hitting save and it gets posted without me ever navigating away from the video so I can resume it later.
This is also to a web developer where a web3 does not make sense as a) we actually already have web 3.0 behind the scenes, it is the semantic web, thing youtube API where I can have a computer automatically query for videos and their like counts if they have some word in their title and b) it is not really about the visible stuff, just as web 2.0 wasn't. It is certainly nothing about decentralization as the web by it's nature is decentralized anyway.
Can confirm we have strawberry fields in the US where we pay to go pick berries. I missed doing that 😭
Just realized that me editing a typo erased Callum's heart from my comment.... My luck lol
But what if someone creates a betting ring based in which crypto gets rug pulled next? 🤔
The biggest problem with crypto...is crypto bros.
The technology is in it's infancy, and people are acting like it's about to do something tomorrow, it's not. Probably not for another 10-20 years. Use your money on more practical things for now.
They oversell the "get in on it now because eventually it will be amazing and you will miss out if you don't adopt now". No one can give a compelling example of what would be so mind-blowing that we can't already do with current technology. So it becomes this box of mystic optimism where only good things happen, but only if you pay up now. What those good things are is apparently irrelevant, as long as you believe that it will definitely be something good.
That should send red flags. It's treating speculation as something that is concrete and urgent.
There's no benefit to internet monopoly money other than total surveillance and citizenship scoring to censor dissent
As a dev who really wants to work on this tech, this is what I hate. Cryptobros not understanding the tech and acting like it's already mature, when the internet itself is still a long way from maturing
@@lokeshchandak3660 Why do you want to work on this? I don't want it "fixed or regulated" I want it destroyed. The stalking and recording of everyone everywhere isn't a bad byproduct, it IS the product. I don't want to live in that world at all but it appears that there won't be any choice soon.
@@benren7305 Knives aren't the problem. The people using them are. If they didn't have a knife, they use a rock to smash the skull, either way you lose.
Blockchain is kinda like that. People are greedy and will take advantage of others when they can, and that's what crypto market is going through right now. That doesn't mean our lives would be better if knives were simple discarded.
I don't wanna work to 'fix blockchain' . I want to make it useful in the first place. Afterall, despite the 10 years it has been real for, it's still just a fancy toy than a real utility.
So the book wasn't the original dune book. It was a shot for shot screenplay of Jodorowsky's Dune, a dune movie which was attempted to be made prior to star wars, but failed. The book is one of two in existence (i believe this was the one that Jodorowsky's bankroller had) and was illustrated by MOEBIUS, an incredibly popular french cartoonist.
Unrelated but this new countdown animation is so beautiful.
Web2 did start by enabling posting content by the user, like in forums. Gathering information came later and I would not say this was the defining factor of web2 in the beginning. Also they were interactive by allowing scripts and not just static HTML
But nice video anyway ^^
great video as always
Thank you for explaining to me like I'm five. It was super informative. This video needs more views!
That transition was truly brilliant (badum tss)
With a public ledger, like most blockchains have to facilitate trust. It shows every transaction, including the minting and transactions of NFT's, from your example. The act of which you describe would be considered illegal in most countries anyway, creating the very paper trail that most ciminals would laugh at. Hence why the public ledger disincentizes the use of anonymity on those blockchains for the use of criminal activity. Because even up to today, after 1 bust where someone uses btc, eth or otherwise to seek illegal goods or services, and the law enforcement gains access to a weak links wallet address that is a whole lot of information. They would know every transaction and wallet the criminal sent crypto too, and they'd then be able to watch every future transaction from all those wallets too. This is the contradicting point to claims made later in the video, where criminals use the blockchain to commit Fraud, and drug deals, etc.
It is because of the public ledger that law enforcement is able to track down criminal activity that may occur on a public ledger blockchain, or transfer to an exchange years later. Going all the way back to the beginning of a blockchain. It is just one person they need who has paid for drugs, or commited fraud on a blockchain. Just one and law enforcement can access every transaction of the dealer who sold the drugs, asked for ransomware and track the crypto defrauded from a victim. Getting it back can be more difficult, but personally I tracked down someone who defrauded me, with a purchase made via btc. Traced it right back to a group, that was also dealing in stolen identities, and it passed through many different wallets. It still keeps moving around, and has not hit a exchange yet. I could never do that with a dollar bill which is the most easiest thing to hide illicet activities with, unless your a politician, bank or wallstreet :P.
While I agree the communities /holders /users will kill off, abandon or burn to the ground various web3 projects, I do not see web3's death ever happening. Just because there are many clowns, and silly people chasing the hot new shiney, after it has already become the next big thing. Does not mean that it is not direction the internet is heading. Personally I am looking forward to when NFT's are used like the old CD Key's for games, and you can actually buy and own games. Instead of it just being a digital copy borrowed from a librarian, I have to ask if I can play it, while the hall monitor watches over my shoulder making sure I don't cheat, or they'll confiscate it.
Nice little causal slap at EVE, Callum!
A bit of an aside, but we have all-you-can-pick strawberries in the USA, as well. I take my niece to one every year.
so far web3 has been the epitomy of that stupid saying; 'true insanity is trying the exact same thing over and over, while expecting a different outcome each time'. it's never been 'will' it fail and collapse, it's been 'when' that's been the question from the start
Oddly enough, it's now getting better.... but then again, these vids get posted near the bottom of markets
After he said spreadsheet, I was waiting for EVE to be mentioned and of course he delivered.
well, thank you, incredibly good explanation. 🙂
Didn’t know fully what web 3 was until now, thx for the nightmares!
This makes me happy. People who say that worthless things aren't worthless and then lose money makes me laugh. It isn't schadenfreude, it's just funny.
Off topic? Of The Expanse characters, Amos surprised me the most in that I initially liked him the least, but eventually liked him the most, seconded by Drummer.
thanks for the educational vids
My friend, if I were not already subbed, I would have IMMEDIATELY subbed for "Just like a Victorian child with influenza, they're not going to make it through the winter."
EVE catches you by not requiring spreadsheets in the beginning.
Oh, The Expanse.
I need to get back to reading those.
I’ve not finished all the books yet, so I haven’t checked to see how well they translated that world to the tv screen.
Callum Web 2.0 was meant to include IoT too, that was meant to be the big web 2.0 thing...which itself has not quite taken off (in a consumer sense anyway)
As a developer, I am constantly amazed at people who decide that "code is law" is a good idea. This is because learning to code is easy, but mastering coding is a task beyond multiple lifetimes. Its like trying to master writing, or medicine. What would that even mean?
Even a brilliantly written piece of code is going to imperfect and flawed and hackable and gameable in some incredibly unforseeable way. Even data types, the building blocks of code, all have their own quirks and edge cases. Thinking that you can write a perfect program for something relatively simple, in one go without revisions, is hubristic. Even if it seems completely fine and perfect, the chances are that you made literally dozens of terrible mistakes from a long-term security or maintenance or data integrity perspective.
But it gets worse, because the larger and more complex the requirements of your program, and the more moving parts of code that need to interact with each other, the complexity of yout task will scale EXPONENTIALLY not linearly. A moderate-sized program is liable to be at least an order of magnitude more error-prone than a simple one. Partially because you will start to get errors that rely on multiple states being not as expected at once, i.e. a compound failure. The same thing is how even safety-critical systems like Nuclear Power Plants still occasionally run into trouble.
So to me the idea of trying to write an autonomous company (i.e. DAO) and have it work perfectly from day one without major revisions, is incredible hubris. It tells me the people who coded it are fundamentally delusional, no matter how talented they are otherwise.
I have been encountered plenty of these in real life as a developer. These are the types that refuse to check if their code will build, run, and works, before comitting it centrally. And they will get stroppy if you ask them to check because they are so convinced of their infaliability. How dare you insinsuate that they make mistakes?
Invariably, these are the guys who make the most mistakes.
Amazing video
"Web3" is a joke, it always was a joke, it was never and is never going to be a reality. It's just a buzzword to excite the masses. It doesn't exist.
Sounds like an amazing combination of MLM, AND pricing oneself out of the market. Amazing.
THANK YOU
This is really about Capitalism 3. The original capitalism was about people using their own capital to start a business that generates more money than it costs.
Capitalism 2 was using other people’s money to be a middleman in an existing transaction that subsidizes customers by running huge losses and owners can only make money when they sell their ownership in the company.
Capitalism 3 is where you sell stock in a business that only sells its own stock and can only make money for owners when they sell their ownership. They only use the web to market, sell, and record these transactions.
12:57 You have to spend money to start playing many of those games. That's why the amount of players has to keep growing to keep the game going. If not many people download the game anymore, the existing players can't sell their axies to new players in Axie Infinity, so the price crashes. That's also because you don't need more than 3 axies.
hahah i was about to jump in and comment 'leave eve alone!' when you started talking about spreadsheets, but you got there first! Eve was fun because it was about ruining other people's spreadsheets to be fair.
Finally this shits going down
So you're telling me that this picture of a cat that anyone can download anywhere that I paid thousand of dollars for isn't worth what I paid? Who would have thought...
Thanks for this. So many people don't see we're heading towards this.
There is a Euro stable coin that has recently popped up. What if your government wants you on the blockchain?
Love the topics of your videos!! Snark tech