Learn more about crypto with this collection
The differences between Web 2.0 and Web 3.0
The future of the internet
Understanding the potential of Web 3.0
Web 3.0: The Sequel
Web 3.0 companies eschew the centralized power of Big Tech platforms and propose to build apps that store data and transactions via blockchains. The Web3 movement seems to speak to the public’s growing unease with entrusting data and currency to powerful corporate or institutional platforms that may have financial and political interests of their own.
But the Web3 wave has a long way to go before proving it can produce technology with the functionality, reliability, security, and scale needed to disrupt the internet we have now.
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29 reads
MORE IDEAS ON THIS
The Wave Of De-Centralization
There are way more interesting decentralization stories than cryptocurrency. And the biggest one is the potential for the decentralization of big data and AI. Google used to have this secret sauce. It only came from Google. And now that’s been encapsulated in these models that know a lot of stuff...
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28 reads
The Betting Economy Vs The Operating Economy
Let us contrast the betting economy and the operating economy. The operating economy is the one that delivers goods and services and people pay for them. And the betting economy is where you guess at what the value might be, or what other people think it might be.
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25 reads
Just Being Economically Efficient Isn't Enough
It’s great when the economy becomes more efficient. But the curse of efficiency is that it goes to the lowest common denominator. So if we want a diverse economy, we have to value something other than pure economic efficiency.
The monopoly of IBM was replaced by the persona...
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19 reads
The Background
Tim O’Reilly has been a conversation starter within the tech industry for more than three decades. The company he founded, O’Reilly Media, launched the first true commercial website in 1993, and remains a tech-industry staple that publishes tech books, offers online education, and holds virtual e...
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48 reads
A New Period Of Consolidation
Web 2.0 was not a version number, it was the second coming of the web after the dot-com bust. We’re not going to be able to call Web3 “Web3” until after the crypto bust. Because only then will we get to see what’s stuck around.
All anybody ever talks about is valuations. And valuation has v...
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23 reads
Crypto Is Not Decentralized
Even in terms of this decentralized crypto, who did we reward? We rewarded the big, centralized crypto trading platforms. We rewarded the people who initially minted all the crypto currencies and ended up with the pyramid scheme where they were the ones at the top who built the NFT (nonfungible t...
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25 reads
The Origins Of The Web Were Open-Source
The open-source movement is quite old. We got the World Wide Web, which is put in the public domain. We got the original TCP/IP implementation that Bill Joy wrote made part of Berkeley Unix so that anybody could do the internet stack. We had the DNS, or Domain Name System. We had Sendmail, which ...
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18 reads
Bad Behaviour Happens At Centralization
There are things that we centralized unnecessarily. During the centralization phase, bad behaviour happens.
A good example of that is your laptop. This is the end game of the personal computer revolution and today your laptop is becoming less and less your laptop and more and more Apple’s...
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17 reads
Enter The Blockchain
The patterns of centralization and decentralization are everywhere. And the idea that it’s just about this blockchain technology is something we could easily do away with. There’s something really interesting there, but we are not going to know until all the underbrush that’s growing up because ...
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21 reads
Centralization Is Subscription
So here’s the centralization overreach, because everybody wants to be a subscription service. Everybody wants to have lock-in.
The shift towards decentralization is inevitable, but it is part of a cycle that is in its third iteration.
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20 reads
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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 applicatio...
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