We Lost The Internet - Deepstash
We Lost The Internet

We Lost The Internet

  • First developed for the military, the internet wasn’t always the closed, capitalistic ecosystem that it is now.
  • Before the tech giants staked their claim on billions of users, it was a decentralized place with no custodian.
  • Now, only a handful of companies control most of the internet, using addictive content and smart algorithms.
  • They use the vast amount of user data generated every minute for building tools to predict consumer behaviour and feed their AI engines.

22

STASHED IN:

87

MORE IDEAS FROM Your Personal Data: Its True Value, Power, and Why It Really Is The New Oil

  • The early days of Web 1.0 had users connecting directly with friends and family and most of the online stuff was unregulated.
  • Web 2.0 has been mostly about social media and companies using consumer data for their AI engines.

Web 3.0 aims to decentralize the internet by giving users complete control of:

  • Their data.
  • Their communications.
  • Their networks.
  • Their security.
  • Their privacy.

18

STASHED IN:

81

User data is the fodder of AI(artificial intelligence) and is required for the global tech revolution. This personal information is the new oil, and individuals, who are the real and rightful owners of their data, are now starting to realize its value.

11

STASHED IN:

77

  1. No possibility of monopoly or control by big tech.
  2. Full security and privacy, due to its distributed nature.
  3. Complete encryption of user data with no exploitation by tech giants.
  4. Device interoperability for seamless and easy switching.
  5. No central hosting results in no service failure.
  6. Data is distributed in a semantic way across systems and platforms, bridging different data platforms and formats.

9

STASHED IN:

76

Web 3.0, or the DWeb, is the Decentralized Internet and does not have any hosting company, making it completely democratic.

It is controlled by users themselves, and not by a handful of tech giants with valuations touching a trillion dollars.

10

STASHED IN:

75

  • Due to the non-compatibility of internet software and the high levels of technical skills required, work on the DWeb(Web 3.0) is facing slow developer adoption.
  • There is also the problem of having full security along with ease of use, as any security comes with censoring or restrictions.

8

STASHED IN:

73

Deepstash helps you become inspired, wiser and productive, through bite-sized ideas from the best articles, books and videos out there.

GET THE APP:

RELATED IDEA

What is Web 3.0?

Web3 enhances the internet as we know it today with a few other added characteristics. Web3 is:

  • Verifiable
  • Trustless
  • Self-governing
  • Permissionless
  • Stateful
  • Native built-in payments

In Web3, developers don't build and deploy applications that run on a single server or that store their data in a single database (usually hosted on and managed by a single cloud provider).

Instead, Web3 applications either run on blockchains, decentralized networks of many peer to peer nodes (servers), or a combination of the two that forms a cryptoeconomic protocol .

7

STASHED IN:

30

Understanding The Times

Two trends are believed to shape the world in the next 10–15 years:

  • The Metaverse, and its proliferation on all aspects of society
  • Web3 and the democratization of the Internet

And the arrival of both trends will firmly rely on the technology of NFTs in order to be successful.

Let’s see why and how.

1

STASHED IN:

4

These new and upcoming ideas could very well shape up how we interact and work with each other in the near future. It's good to have a basic understanding of these buzzwords.

STASHED IN:

0 Comments

What is Blockchain Technology, and How Does It Work?

Blockchain is a peer-to-peer decentralized distributed ledger technology that makes the records of any digital asset transparent and unchangeable and works without involving any third-party intermediary. It is an emerging and revolutionary technology that is attracting a lot of public attention due to its capability to reduce risks and fraud in a scalable manner.

7

STASHED IN:

23