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"Smart contract built on a decentralized system which connects real world events to the flow of money begins to make a lot of sense."
JAN LIPHARDT
6
100 reads
MORE IDEAS ON THIS
Is Web3 a Scam?
Web3 isn't inherently a scam, it all depends on the purpose, community and goal of the project.
In this TED Talks he gives us guidelines on how to make good project judgements without falling for scams.
6
128 reads
3rd Practical Examples on Web3 Use
In this last examples let's imagine this scenario: Artist/Programmer/Refugees living in 18 countries want to start a company/collective/organization. The following doubts arise:
- Which currency is the special one?
- Which country is the special one?
- Open bank accounts is 1...
6
112 reads
"The more of these attributes come together, the more of a compelling blockchain and web3 usecase there probably is."
JAN LIPHARDT
6
162 reads
What is Web3?
There are various opinions and definitions on what Web3 is, let's have a look to a few mentioned:
- "A decentralized online ecosystem based on blockchain." - Gavin Woods
- "An internet without Amazon, Google, and Microsoft." - Michael del Castillo, Forbes
- ...
6
229 reads
Blockhain: Painful but Beatiful
Even with overwhelming rationale for blockchain, still need to deal with:
- Scaling
- Compute
- Storage
- Transaction/s
- Congestion
- Cost (inverse unit economics)
- Carbon Footprint
6
113 reads
Blockchain Use
Blockchains are extremely painful to use for various reasons:
- Limited transactions
- Congestion
- Cost
- Limited compute
- Limited storage
But despite that it has three features which make it absolutely unique:
- Trustless event ordering
7
203 reads
2nd Practical Examples on Web3 Use
In this case we have a Unicef project which aims to support internet access accross South America and Africa. And it operates as follows:
- Smart contract disperses funds only to schools with a working internet connection.
- Donors watch funds flow in real time to connected schools...
8
119 reads
"Summarizing, if someone comes to you and promises you a lot of cash quickly and easily that's not really a web3 project.
Instead what we're looking for are a combination of attributes that are forcing that project to use decentra...
JAN LIPHARDT
6
96 reads
1st Practical Examples on Web3 Use
Let's say you spot a project which offers a 18% guaranteed returns using web3.
Now you should ask yourself:
- What do high guaranteed returns have to do with trustlesness, immutability, and transparency?
Nothing... In this case we see a lack of basic connection
6
151 reads
Where/when do Trustlessness and Transparency Matter?
Let's have a look to different situations where Trustlessness and transparency really matter:
- International borders
- Powerful monopolies
- War, disagreement, instability, mistrust
- Employees and customers scattered around the world
- Absence of courts and poli...
8
175 reads
CURATED FROM
IDEAS CURATED BY
Business Administration and Management Student | Blockchain, DEFI & Web3 | Social Worker | "Fix the money & fix the world."
In this brief but intense TEDxTalks Jan Liphardt gives us guidelines and tools to detect scams on the now famous Web3.
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Related collections
Other curated ideas on this topic:
What is Chainlink (LINK)?
Chainlink is the most widely used oracle solution for securely connecting smart contracts to the real world. With Chainlink, developers on any blockchain can access tamper-proof, high-quality external inputs to enhance their smart contract applic...
From Bitcoin to Smart Contracts
Bitcoin created a decentralized monetary system which can transfer money from one person to another. That only allowed for monetary transactions, there was no way to add conditions to those transactions:
Alice can send Bob 5 BTC, but she couldn’t tell Bob that he will ...
Ethereum Gas
Gas is a unit that measures the amount of computational effort that it will take to execute certain operations. Each and every line of code in an Ethereum smart contract requires a certain amount of gas to be executed.
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