Comment on Jack Dorsey claims Bluesky is 'repeating all the mistakes' he made at Twitter
beefsquatch@programming.dev 6 months agoI hate the term web5 but the tech stack described here is much better than anything else I’ve seen. developer.tbd.website/projects/web5/
sugar_in_your_tea@sh.itjust.works 6 months ago
You don’t need to go crypto to get there though, IPFS and similar exist and work. IPFS itself is kinda slow, but Iroh is aiming to be a more efficient alternative that solves similar problems. There are also protocols based on BitTorrent.
The way these work is basically:
Then you build stuff on top to keep everything in sync. No servers, aside from the initial connection, which means minimal risk of anything ever going down. If relays go down, anyone can set up another and people reconnect.
The problem is that step 3 is quite complicated, and there are a ton of technical complexities to synchronizing information at scale w/o a central authority. Mastodon/Lemmy/ActivityPub gets around this by having each node (instance) be a complete copy of everything that node cares about. You get a ton of duplication, and eventually that means costs pile up. With a proper decentralized system, there doesn’t need to be nearly as much duplication since you can always hop through some peers to find what you need.
RecluseRamble@lemmy.dbzer0.com 6 months ago
You never do. Its only use case is a payment system for online crime. And even for that many criminals prefer gift cards because it’s such a hassle to explain crypto-tokens to your victims.
sugar_in_your_tea@sh.itjust.works 6 months ago
It’s useful for anything online where cash would be useful. So paying for services, money transfers between acquaintances, donations to charity, etc. It turns out cash is useful for crime, and privacy-focused cryptocurrencies work like cash, hence are useful for crime.
Don’t buy it as an “investment” or sign up for services to earn it, but it is useful for non-criminal things.
RecluseRamble@lemmy.dbzer0.com 6 months ago
No, it’s not useful as a cash substitute because of its hilarious inefficiency.