I have my doubts, perhaps someone in the comment section can enlighten me? 1) Are Web3 and cryptocurrencies as decentralised as marketed? - As mentioned in the video, how about the venture capitalists and liquidity providers behind the projects? - Terra Luna is the most recent example proving that certain cryptocurrencies are actually controlled by a few people, perhaps even more centrally controlled than major companies like Alphabet and Meta. 2) Is decentralisation really better? - Right now, we know which companies to blame if something goes wrong. - Does giving all kinds of developers access to Web3 guarantee a better product? "Too many cooks spoil the soup", isn't it? - I find it especially funny when people say that Web3 and cryptocurrencies should not be regulated. However, when something goes wrong (e.g. Terra Luna), their first reaction is to cry and run to the regulatory agencies. 3) Many claimed that having data stored in the blockchain is more secure, but cryptocurrency scams seem to be so common and sometimes irreversible.
Web 3.0 has barely reached infancy stage yet. It’s likely we’ll see a mix of decentralized and centralization over the coming years. Technology never stands still and that includes the internet. It will evolve somehow, that’s a given. It’s probable this tech will be part of that evolution
scammers going to scam... Web 1.0 was supposed to be decentralized... but it's natural for tech and money to centralize... same thing will happen with web 3.0 (already has, most of the tech is on centralized platforms).
Dear CNBC Intl. I am a regular viewer of this channel. If u had just made this video 2 days earlier I could have had better chance of clearing my UPSC exam because a MCQ was asked on web 3.0 and I got it wrong 😂. Still might clear the exam though..🤞
We have enough issues with centralized databases, so distributed databases are better ? Loool. None of what's discussed requires a Blockchain, nor take any advantage from a Blockchain that cannot be duplicated in the cloud.
6:31 "Yes we are here to invest, and we want the project to grow. We want to participate in the governance but there's room for others to participate into it." I would say that's a good way to see VC investments in the web 3 world --> About this, are there any ways in practice to restrict VC's participation in the token governance?
I don't know if you realize it, but they lied to you when they told you web2 was centralized, use some program to record the number of host sites involved when connecting to a site and you will find there is tons of sites all over the net being contacted, there is nothing even remotely "centralized" about it in the way we normally use the word.
There are always less people who try to make changes and adopt first by taking risk. Majority follow later and make the previous risk takers profitable. Remember magic internet money?
Maybe this can work for a few things but most actions require authentication or authorization. So if everything is decentralized who is responsible for identifying/verifying you? It doesn't sound this is possible with Web3?
Reef chain features next-gen blockchain technology, utilizing Nominated Proof of Stake consensus, EVM extensions, on-chain upgradability, libp2p networking and state of the art cryptography.
You're doing a fantastic job! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
We progressed as a civilization from an autocratic absolute monarchy to decentralising power of people (democracy). Why cant we progress the financial part of it as well? Is absolute monarchy evil? Of couse not. But represents a single point of failure.
Want to decentralization? Grant regular people with power to choose between IP Public/IP Private. Boost Open Source project and Open Standard. Those are a feasible way to decentralize.
Hello man, I want to ask?? now that there's is a new web development giving owner of data. How is it different from the dark web?? I just recently learned about web3 so I'm not what role does the dark web plays now?
This doesn't solve squat. If you want to avoid all centralization, just run and host your own site on your own server. Simple. No need of all of this. People have been hosting their own stuff for ages without any weird blockchains or what not.
Can you explain how outsourcing and load balancing across a large range of devices is bad? We can go backwards and just read newspapers, it's easy to digest. Cheap, and you can physically hold it in your hand. I feel like you might be scared of what you don't understand
As a global integrated trading platform, OJA is designed to provide a variety of transactions such as spot and futures trading, over-the counter trading, whole network trading and decentralized trading
I personally would love to get ads for things I want or need rather than the random crap I get now, I thought my phone was supposed to be listening to me and the tech companies getting to know me but so far I’m still getting tampon or insurance ads or ads for things that are completely not even related to me
Imagine a computer that is broken into specialized components, and where you can take your identity with you. Polkadot is coming. I wrote this comment without seeing any content.....but I can already see that whoever made this understands.
How about NATIONALIZING the Internet, making it as a non-profit utility as opposed to it being held and dictated by corporate service providers? There are many other options for “de”-centralizing.
web3 is vc exit liquidity just like someone mentioned above. but i do credit the invention of "transfer of value thru collective machines" this is very new
Hello. That sounds awfully a lot like what Holo developers (the people who released the Holochain (HOT) cryptocurrency around 4 years ago) are trying to develop now.
What's the purpose if a lifespan is no more but if so not much than 120years do these blockchain information make sense to have if your not creating a business with asset that block chain can give identity to in a layered way I may have it wrong barly lookin in to this 😉
yes instead of big organizations controlling my data I want ai to do it. I want terminator to control it! hahahaha. So if you can't trust one organization then you should trust 10000 autonomous organizations to put you on hold with music for days. Ever try to call autonomous system to get a refund? hahaha.
I have my doubts, perhaps someone in the comment section can enlighten me?
1) Are Web3 and cryptocurrencies as decentralised as marketed?
- As mentioned in the video, how about the venture capitalists and liquidity providers behind the projects?
- Terra Luna is the most recent example proving that certain cryptocurrencies are actually controlled by a few people, perhaps even more centrally controlled than major companies like Alphabet and Meta.
2) Is decentralisation really better?
- Right now, we know which companies to blame if something goes wrong.
- Does giving all kinds of developers access to Web3 guarantee a better product? "Too many cooks spoil the soup", isn't it?
- I find it especially funny when people say that Web3 and cryptocurrencies should not be regulated. However, when something goes wrong (e.g. Terra Luna), their first reaction is to cry and run to the regulatory agencies.
3) Many claimed that having data stored in the blockchain is more secure, but cryptocurrency scams seem to be so common and sometimes irreversible.
Yeah. This video rally didn't say much.
I agree it's easy to enter late when you already have much power
You have to understand we are only in the infancy stage of Web 3.0, Blockchain technology is not going anywhere.
Web 3.0 has barely reached infancy stage yet. It’s likely we’ll see a mix of decentralized and centralization over the coming years. Technology never stands still and that includes the internet. It will evolve somehow, that’s a given. It’s probable this tech will be part of that evolution
very well said👏👏👏
scammers going to scam... Web 1.0 was supposed to be decentralized... but it's natural for tech and money to centralize... same thing will happen with web 3.0 (already has, most of the tech is on centralized platforms).
How many years of web3 experience do you have
@@justiceessiel6123 yup
Unstoppable Domains certainly is centralized 💩
@@justiceessiel6123 LOL
Only the normies will use centralised tech. Everyone else will use decentralised exchanges and privacy coins.
Dear CNBC Intl.
I am a regular viewer of this channel.
If u had just made this video 2 days earlier I could have had better chance of clearing my UPSC exam because a MCQ was asked on web 3.0 and I got it wrong 😂. Still might clear the exam though..🤞
Thank you for watching our videos, and all the best for your exams!
What happened bhai
@@howdy111 he failed now probably crying in a corner somewhere in his house 🏡
@@ericme5715 still crying?
@@Xtasea maybe 🤔
I'm excited about Web3 Infinity Token's potential partnerships. Collaboration is key!
human are too greedy to do such ideally novel creation. as long as the idea of money exists, there always comes the difference in power
Web 2.0: You are the VC’s product.
Web 3.0: You are the VC’s exit liquidity.
faxx
What is VC
@@firmans12venture capitalists
The anti-bot features of Web3 Infinity Token are a gust of new air. It's high time someone brought up that subject!
We have enough issues with centralized databases, so distributed databases are better ? Loool. None of what's discussed requires a Blockchain, nor take any advantage from a Blockchain that cannot be duplicated in the cloud.
Except the part where it isn't controlled by Google or AWS. But close. You almost sound like you know wtf your talking about. Almost.
@@kenosabi too bad you don't.
Web3 about to be killed by Web5 even before it matures.
The best thing that he never takes credit of his hard work ❤️respect for creators 🙏
decentralization sounds like a gun act in usa, just imagine give control to people oh yeah they are just gonna messed it up
6:31 "Yes we are here to invest, and we want the project to grow. We want to participate in the governance but there's room for others to participate into it." I would say that's a good way to see VC investments in the web 3 world --> About this, are there any ways in practice to restrict VC's participation in the token governance?
I don't know if you realize it, but they lied to you when they told you web2 was centralized, use some program to record the number of host sites involved when connecting to a site and you will find there is tons of sites all over the net being contacted, there is nothing even remotely "centralized" about it in the way we normally use the word.
Great insights on cryptocurrency! Can't wait to see where the market goes next.
There are always less people who try to make changes and adopt first by taking risk. Majority follow later and make the previous risk takers profitable. Remember magic internet money?
#1 Reason is Separatism "Virtual Reality"
(we want to be in a world of relatability)
youve failed before youve started and im loving it
Maybe this can work for a few things but most actions require authentication or authorization. So if everything is decentralized who is responsible for identifying/verifying you? It doesn't sound this is possible with Web3?
You can log into any web3 app with your wallet. Your wallet has an address and can sign transactions (login).
It's the exit plan in times of chaos that's the key. More crowd focus should be on that.
The way the redhair brother explain this it is smooth...
The Web3 Infinity Token presale is a hot subject. Avoid falling behind!
After exploring different alternative currencies, Web3 Infinity Token seems like a more promising option. Any thoughts on this?
Web3 is people's search for Internet freedom
Yes, we are now over the deadline for those currencies, but fortunately, there are still other options available, such as Web3 Infinity Token.
These years are the early days of the internet. I truly believe this is the exact equivalent of the Web 1.0 in 1994.
Great graphics and animations!
Web3 would need to have a rule as if everyone start with a certain amount of bitcoin for deciding to participate 🤔
That is what airdrops are
All things go centralised. Don’t get confused.
Web developer here with 7 years experience. No, it's a scam by the cryptobros and corporations that want to take advantage of it.
Could you elaborate on this?
Would love to hear more..?
May be less centralized but also less regulated. Who is fined or punished when something bad happens.
Who was before ?
It's rare that a trend like that is real.
Moving the world into a digital space you mean?
ICP next big thing, do sleep on it.
Reef chain features next-gen blockchain technology, utilizing Nominated Proof of Stake consensus, EVM extensions, on-chain upgradability, libp2p networking and state of the art cryptography.
You're doing a fantastic job! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
The price potential of Web3 Infinity Token is exciting, but it's vital to bear in mind that investing in cryptocurrencies is always dangerous.
Why do people act like centralization is evil?
because they are stup*ds
It's isn't the case. It has to do all about exploitation. You never want one political party to command the whole world.
Because the so called finance crocodile or big company even government can take ur money whenever they want. Without our permission.
We progressed as a civilization from an autocratic absolute monarchy to decentralising power of people (democracy). Why cant we progress the financial part of it as well?
Is absolute monarchy evil? Of couse not. But represents a single point of failure.
Corporations love it, they hate Blockchain technology tho.
I'm keeping a careful eye on Web3 Infinity Token
Want to decentralization? Grant regular people with power to choose between IP Public/IP Private.
Boost Open Source project and Open Standard.
Those are a feasible way to decentralize.
No, it's absolutely not.
Nice video.
Thanks!
Goood explaining
Hello man, I want to ask?? now that there's is a new web development giving owner of data. How is it different from the dark web??
I just recently learned about web3 so I'm not what role does the dark web plays now?
i'm not sure of big tech companies will get along.!
This doesn't solve squat. If you want to avoid all centralization, just run and host your own site on your own server. Simple. No need of all of this. People have been hosting their own stuff for ages without any weird blockchains or what not.
🍷👍
Ok let’s see you build server infrastructure to handle heavy traffic to scale.
Can you explain how outsourcing and load balancing across a large range of devices is bad? We can go backwards and just read newspapers, it's easy to digest. Cheap, and you can physically hold it in your hand. I feel like you might be scared of what you don't understand
As a global integrated trading platform, OJA is designed to provide a variety of transactions such as spot and futures trading, over-the counter trading, whole network trading and decentralized trading
Nice video
Centralization + decentralization( on choice ) = answer;
Problem nowadays is, web3 is expensive
Thanks
Web 3 is what I will be releasing it as how the world will operate
Well Musk knows all about empty marketing buzzwords...hyperloop, solar roofs, cybertruck...
Money rules
Who owns the powergrid
Who owns telecominfrastructure
No regulations
as a web dev, no, it's not.
I personally would love to get ads for things I want or need rather than the random crap I get now, I thought my phone was supposed to be listening to me and the tech companies getting to know me but so far I’m still getting tampon or insurance ads or ads for things that are completely not even related to me
Lmfao😂
Make it complicated..
i did not know Web 3 name was created by the owner of Polkadot. Thats whats up
🍾
Virtual and reality
Technology and wealth
Join Vcity
Embrace the treasure of digital assets in the Metaverse
yes I think the web3 is the future
Yes!.
Imagine a computer that is broken into specialized components, and where you can take your identity with you. Polkadot is coming. I wrote this comment without seeing any content.....but I can already see that whoever made this understands.
Like, the cloud..? :)
What I think is that if you are on the Internet you didn't have any privacy.
I think web 7 in future would be advanced think in are minds
Technology from Web3 Infinity Token is dependable. It might cause disruption across a variety of industries.
nice
How about NATIONALIZING the Internet, making it as a non-profit utility as opposed to it being held and dictated by corporate service providers?
There are many other options for “de”-centralizing.
Because that is the whole point the transnational corporations are only beginning to take over the globe.
Wait so then who makes money?
Wasn't Web3 coined way before like in 2004-2005 or something?
web3 is vc exit liquidity just like someone mentioned above. but i do credit the invention of "transfer of value thru collective machines" this is very new
So in Web3, we're going to go back to crummy ads?
Evolution of net 360 zen
me: Pays for TH-cam but it's free.
also me: I disappoint myself.
Yeah, ask the big corporation owners what web3 is! That's not stupid! Of course they're not gonna trash talk about it!!
Lband problem ???
how about just let users build and host Websites for free? 🤔 that would already help a lot....
Hello. That sounds awfully a lot like what Holo developers (the people who released the Holochain (HOT) cryptocurrency around 4 years ago) are trying to develop now.
What's the purpose if a lifespan is no more but if so not much than 120years do these blockchain information make sense to have if your not creating a business with asset that block chain can give identity to in a layered way I may have it wrong barly lookin in to this 😉
I like this ... there should be alternative
Why do you believe there is no way? Are you familiar with Web3 Infinity Token? The expense of this will climb considerably.
You don't need ETH to create a Web3 App. Its a SCAM if those companies are building Web3 on top of ETH.
Dame shirt!!?????????
Give that man a raíse😄😁😅
For all those naysayers, remember Bill Gates once wondered why anyone would need more than 640 kb.
👍 ℹ️
looks like host came from web3.0 !!!
You should make your names call news CBNS technology news
Cnbc host looks like One from Stranger Things Season 4.
So instead of giving your data access to google or FB, you give it to anyone. That's including Google or FB
Very smart plan lol
You don't give it to anyone
why would you give it to anyone?
Wow
Flux is web3
Sounds like nothing but overhyped garbage.
now I understand a bit.. I got confused with the web3 js!! though
Take a shot everytime a millennial uses a buzzword
I just unsubscribed the channel for showing such annoying ads in each video they uploaded 👎👎👎
somebody show this mask the utopia ecosystem.
Entities like to own stuff. Web 2.0 isn't going anywhere.
i guess my previous comment got deleted :(
Crypto is a ponzi scam
yes instead of big organizations controlling my data I want ai to do it. I want terminator to control it! hahahaha. So if you can't trust one organization then you should trust 10000 autonomous organizations to put you on hold with music for days. Ever try to call autonomous system to get a refund? hahaha.
web3.0
lol y'all catch up
Web5 please. Web3 is just another word for a new capitalism from DAO 🤦🤣🤣🤣🤣🤣🤣
a shitcoin project about to RUG, nothing to see here frens ^_^