Is this a social network with crypto payments? What’s the name? Because that sounds like it will just be a lot of self-congratulatory “isn’t crypto great” jokes and I gotta see it
I love how every defense for crypto platforms like this (or eth based stuff or solana etc etc) is always somehow about censorship and personal freedom stuff but then pretty much everything built on all of this is to pump the crypto more.
The social networks are only used to talk about crypto. The “shared processing power of web3” is used almost purely for defi trading apps, and they get the most attention when the price rises (because someone like trump goes “hehe $TRUMP”) or falls (because the cracks show through with something like FTX).
It seems the only things crypto does is increase the value of crypto, scam people, and throw ridiculously expensive parties attended by those trying to increase the value of crypto. The protections against censorship and personal freedoms seem to be purely to launder money, avoid taxes, and pay for illicit goods and services.
I love how every defense for crypto platforms like this (or eth based stuff or solana etc etc) is always somehow about censorship and personal freedom stuff but then pretty much everything built on all of this is to pump the crypto more.
The beauty of an open and permissionless platform is that it can be used however anybody wants, whether that’s sending aid to Gaza, accessing financial tools you’re otherwise locked out of, or pumping Trump’s shitcoin.
It seems the only things crypto does is increase the value of crypto, scam people, and throw ridiculously expensive parties attended by those trying to increase the value of crypto.
Some useful applications of crypto include:
Simple large sum transfers with ZERO friction and instant settlement. (eg: transferring $193,000,000 with a fee of $0.17 (0.00000008839779%))
almost a dollar of donations already for that one too, wow
Is this a social network with crypto payments? What’s the name? Because that sounds like it will just be a lot of self-congratulatory “isn’t crypto great” jokes and I gotta see it
Hold on, I found it. It’s nostr and the posts there are really cringe jfc
I love how every defense for crypto platforms like this (or eth based stuff or solana etc etc) is always somehow about censorship and personal freedom stuff but then pretty much everything built on all of this is to pump the crypto more.
The social networks are only used to talk about crypto. The “shared processing power of web3” is used almost purely for defi trading apps, and they get the most attention when the price rises (because someone like trump goes “hehe $TRUMP”) or falls (because the cracks show through with something like FTX).
It seems the only things crypto does is increase the value of crypto, scam people, and throw ridiculously expensive parties attended by those trying to increase the value of crypto. The protections against censorship and personal freedoms seem to be purely to launder money, avoid taxes, and pay for illicit goods and services.
you say that like it’s a bad thing ;-)
The beauty of an open and permissionless platform is that it can be used however anybody wants, whether that’s sending aid to Gaza, accessing financial tools you’re otherwise locked out of, or pumping Trump’s shitcoin.
Some useful applications of crypto include:
Simple large sum transfers with ZERO friction and instant settlement. (eg: transferring $193,000,000 with a fee of $0.17 (0.00000008839779%))
Treasury bonds (maker, EIB)
Social Media (Farcaster, lens)
No-loss lottery (pool together)
mortgages (tinlake)
insurance (Nexus Mutal)
pay-day loans (Alchemix)
lending/borrowing (AAVE, Compound)
CDPs (Maker)
Exchanges (Uniswap)
Yield Aggregator (yearn)
derivitives (dydx)
Certificates (OpenCerts)
Streaming payments (llamapay)
nostr isn’t web3, it just has extensions for crypto tips (some nostr clients don’t even support it)
also yeah, most of the “influencer” posts on there are trash, but it’s nice beyond that, imo
Tje trending posts are all trash. I’m sure there is a significant minority who’s not super annoying, but it’s not an inviting place.
yeah, technically there’s no algorithm on there, so you have to make it your own
https://en.wikipedia.org/wiki/Web3
“Web 3.0” was supposed to be things like the fediverse, or tech like IPFS/Dat. Crypto/NFT tied their cart to that horse to appear legitimate.
Yeah, the fediverse is the true web3. Might as well call it web4.