Is Web3 really the answer to all our problems?
The simple answer is that it probably isn’t, it might solve some problems, but the important thing to figure out; what are the key things Blockchain & Crypto enable us to do that we can’t already do today?
I’ve always felt that Blockchain is something that possibly could solve some issues that we have today, to be honest though, I never took the time to dig into the details and learn more, I’m not a subject-matter expert by any means!
Last year I bought a bit of Crypto (why didn’t I buy it a couple of years ago!) just to have some skin in the game, forcing me to, at least a bit more interested in Web3, crypto on the different use cases.
Sometime in November I was on Twitter reading about things that was going on in the Go community, that' when I stumbled on to this Tweet from Kelsey Hightower.
I'm skeptical of most technologies which is why I invest time in understanding them. In addition to understanding, if you believe in what you discover, then this is also an opportunity to lead in the space. https://t.co/ot70E0lHJH
— Kelsey Hightower (@kelseyhightower) November 28, 2021
I promptly followed him and little did I know that just a couple of weeks later he would do a deep dive into Web3.
I admit I don't understand what Web3 is. Can any one share a step by step tutorial I can follow to deploy even a toy Web3 application.
— Kelsey Hightower (@kelseyhightower) December 17, 2021
I'm willing to learn.
If you are interested in tech, how tech impacts society and want to get another perspective on Web3 (Crypto, Blockchain and those buzzwords) then I encourage you to read the Tweets below and not only the tweet itself, but also dig into the discussions that each tweet created.
Full disclosureEver since I saw the first couple of tweets from Kelsey regarding Web3, I’ve been telling friends and co-workers about it, urging them to go and read about it themselves, needless to say, it’s not that easy to go to Twitter and find some tweets that someone mentioned. So I decided to create a post where I link to the tweets that I found most interesting, as a way to make it easy for other people to also learn what I learned.
What you will find below is a selection of Tweets that @KelseyHightower made regarding Web3 between December 2021 -> February 2022, I tried to keep them in the timeline that they were posted and at the same time tried to group the different subjects to add some structure.
Table Of Contents
Web3 - what is it and how does it compare to existing solutions? #
This is biased description for sure but one that I tend to agree with.
I find this description of a Web3 use case helpful.
— Kelsey Hightower (@kelseyhightower) December 17, 2021
Sure, there are other ways of doing exactly the same thing, but I appreciate the clarity. https://t.co/Q8a0J7wH9V
I’ve learned so much about Web3 in the last 24 hours and my final thought is: https://t.co/ObIGpNOVZJ
— Kelsey Hightower (@kelseyhightower) December 17, 2021
This is why we keep asking, what is Web3? https://t.co/gyYj2pfpbp
— Kelsey Hightower (@kelseyhightower) December 17, 2021
Web3 is a lot easier to understand when your last tech stack looks something like this: https://t.co/LDNE4v3io8 pic.twitter.com/kRwlEdwgfz
— Kelsey Hightower (@kelseyhightower) December 18, 2021
I really encourage you to not only read the Tweets but also go through all the comments!
Trust me, there are a few nuggets of gold hidden in the comments.
How does Web3 compare with Web2.0? #
The Web3 Fraud by @ncweaver compares the World Wide Web, a distributed system composed of DNS, web servers, and browsers, against a decentralized system such as Ethereum.
— Kelsey Hightower (@kelseyhightower) December 17, 2021
The use case: a web site or api.
My take away is, Web3 isn't about the web at all. https://t.co/kJg8hdjG2s
Web 2.0 didn't necessarily get off to a running start either. Some of the analysis from 2006:
— Kelsey Hightower (@kelseyhightower) December 17, 2021
"Web 2.0 has become a catch-all buzzword that people use to describe a wide range of online activities and applications..." https://t.co/XNcuepK8o6 pic.twitter.com/bO34unzpCA
The original Web democratized data and information, while later versions monetized it through ads and services.
— Kelsey Hightower (@kelseyhightower) December 17, 2021
Web3 replaces ads with fees.
What! It’s possible to make money without ads in Web2.0 😆
Did you know you can build ad-free web services and share a portion of the revenue with content creators using Web 2.0 technologies? 🤯 pic.twitter.com/0JfB38p5Fd
— Kelsey Hightower (@kelseyhightower) December 17, 2021
De-centralize everything?
I want decentralized medicine. I don't want to trust anyone. Not nurses, doctors, or pharmacists. I'm capable of doing my own research and treating myself.
— Kelsey Hightower (@kelseyhightower) December 17, 2021
This was supposed to be a joke, but the health industry lacks so much trust and transparency I understand why people are taking this one seriously. https://t.co/OSuUH7nfQT
— Kelsey Hightower (@kelseyhightower) December 17, 2021
I didn’t think of it that way!Web3 isn't a tech stack. Web3 is a business model.
— Kelsey Hightower (@kelseyhightower) December 17, 2021
Where do the gas fees go? https://t.co/h8QsEf9TWZ
— Kelsey Hightower (@kelseyhightower) December 17, 2021
Péter is great at breaking down this Web3 stuff and offers a lot of pragmatism while doing it. https://t.co/UOXh4w5X7V
— Kelsey Hightower (@kelseyhightower) December 17, 2021
No, because apparently code is law. https://t.co/G9kLCE9xP8
— Kelsey Hightower (@kelseyhightower) December 17, 2021
I spend a lot of time talking about tech, but even more thinking about humanity, how we treat each other, and the planet we live on.
— Kelsey Hightower (@kelseyhightower) December 18, 2021
Those topics are far more complex and require personal accountability which can’t be delegated to a machine or your favorite programming language.
My curiosity in a recent set of technologies is driven by fear. Parts of our society isn't in a healthy place, and some people are attempting to rage against the machine by creating a new one without consideration for the people who will be forced or tricked into using it.
— Kelsey Hightower (@kelseyhightower) December 16, 2021
The art of asking open ended questions #
Just brilliant!
Does Web3 require a blockchain based execution environment — smart contacts?
— Kelsey Hightower (@kelseyhightower) December 17, 2021
Does Web3 require a cryptocurrency based payment system?
Context: a car without an electric motor is still a car, but isn’t an EV.
Hold my beer - things are about to get interesting #
Reading these Tweets helped me gain a new perspective on Web3 and how it impacts society.
The magician's power comes from being the only one that understands how something works. Learn how it works and they won't be able to trick you.
— Kelsey Hightower (@kelseyhightower) December 20, 2021
I'm not the only Web3 skeptic in town. https://t.co/aPx8BAfgVZ
— Kelsey Hightower (@kelseyhightower) December 21, 2021
I could be wrong here. What are some Web3 projects that are completely unrelated to cryptocurrency? https://t.co/3hgZezvehD
— Kelsey Hightower (@kelseyhightower) December 21, 2021
Say what 😬
This isn't just some tech stack. This is an attempt to hardcode parts of our society and expand the user base. https://t.co/9jlIg1Uup5
— Kelsey Hightower (@kelseyhightower) December 21, 2021
Let's Encrypt, which is the centralized Web2 service used to secure most Web3 project websites. https://t.co/YWPtfTwFCd https://t.co/sF2Ujs1lPH pic.twitter.com/bjLpXnPeKV
— Kelsey Hightower (@kelseyhightower) December 21, 2021
Do you own your own Tweets? #
Do you own your own tweets? 🧵
— Kelsey Hightower (@kelseyhightower) December 22, 2021
Honest question. Is this decentralization? https://t.co/EiKetffRBR
— Kelsey Hightower (@kelseyhightower) January 5, 2022
Decentralization is like Serverless.
— Kelsey Hightower (@kelseyhightower) January 5, 2022
Both are built on top of the things they claim to negate, which also sets the foundation of their problem statements.
The idea that people have to get in early on some new technology or they are going to be left behind forever is insane. Half the stuff you're using right now was invented before you were born.
— Kelsey Hightower (@kelseyhightower) January 6, 2022
An NFT isn't art but might represent something that is.
— Kelsey Hightower (@kelseyhightower) January 13, 2022
Listening to Vitalik Buterin explain why one person one vote won't work, and why POW or POS is better even though it favors the rich (those with the most compute power or tokens) seems counter to decentralization and returning power to the people.
— Kelsey Hightower (@kelseyhightower) January 17, 2022
What am I missing?
If society has accepted charging money for life's necessities then access to the financial system should be considered a human right.
— Kelsey Hightower (@kelseyhightower) January 18, 2022
I'll be honest. I missed the boat on the top 9,197 new currencies and I'm just trying to make myself feel better about not going to make it. https://t.co/tcICK7wh8I pic.twitter.com/YHSPPU9uwm
— Kelsey Hightower (@kelseyhightower) January 20, 2022
Really interesting questions around Web3, society and current systems #
That's the thing. None of this stuff is about decentralizing power. It's about transferring power to a new group looking to get a head start with none of the responsibility. https://t.co/fNszD3zpTg
— Kelsey Hightower (@kelseyhightower) January 20, 2022
If society has accepted charging money for life's necessities then access to the financial system should be considered a human right.
— Kelsey Hightower (@kelseyhightower) January 18, 2022
I can think of a few of things that have intrinsic value: food, air, and water. https://t.co/KC6eckKYvG
— Kelsey Hightower (@kelseyhightower) January 18, 2022
I'll be honest. I missed the boat on the top 9,197 new currencies and I'm just trying to make myself feel better about not going to make it. https://t.co/tcICK7wh8I pic.twitter.com/YHSPPU9uwm
— Kelsey Hightower (@kelseyhightower) January 20, 2022
That's the thing. None of this stuff is about decentralizing power. It's about transferring power to a new group looking to get a head start with none of the responsibility. https://t.co/fNszD3zpTg
— Kelsey Hightower (@kelseyhightower) January 20, 2022
Let's assume the Bitcoin community is right and sound money puts an end to corrupt governments around the world. What happens to the physical resources they control and the responsibilities they currently take on?
— Kelsey Hightower (@kelseyhightower) January 20, 2022
Who pays to maintain society going forward?
Those participating in the Bitcoin network, collecting transaction fees, are the intermediaries. Same game, different players. https://t.co/OJ2Emj5E4b
— Kelsey Hightower (@kelseyhightower) January 25, 2022
This question is for the Web3 people that consider Web2 obsolete or even bad for society. What is your advice for people working in Web2?
— Kelsey Hightower (@kelseyhightower) January 26, 2022
Should they quit their jobs and convert their fiat into cryptocurrency?
I question why I even think about cryptocurrencies.
— Kelsey Hightower (@kelseyhightower) January 26, 2022
The answer is simply fear. I fear being forced to play the money go up game while fending for myself in a world where code is considered law.
I’m not assuming that. Too many people in this space believe society can be governed by blockchains and smart contracts alone, which is false.
— Kelsey Hightower (@kelseyhightower) February 1, 2022
Humans need to eventually trust and rely on each other, and when that doesn’t work, disputes will be settled by courts, not a database. https://t.co/MbQlvhbmvU
Is it still a Ponzi scheme if everyone is cool with it?
— Kelsey Hightower (@kelseyhightower) February 7, 2022
Take a state lottery for example. Most people know they are not going to win, but they play anyway, in hopes of winning just once in their lifetime.
Excellent point. https://t.co/zKuMJkXj07
— Kelsey Hightower (@kelseyhightower) February 7, 2022
I enjoyed reading @timoreilly’s recent thoughts on Web3:
— Kelsey Hightower (@kelseyhightower) February 9, 2022
"History teaches us that there will always be new avenues for power to become centralized, so even if you're a true believer in blockchain you should look for the next vectors of recentralization." https://t.co/CcRWZRboRG
The Internet turned money into a hobby.
— Kelsey Hightower (@kelseyhightower) February 10, 2022
This is what happens when you blur the lines between gambling and investing, then make it easier to do than ordering a pizza.https://t.co/elZFYTiXNM
Vinyl sales in the U.S. increased from 21.5 million units in 2020 to 41.7 million units last year, according to a 2021 report from MRC Data-Billboard. https://t.co/lG7J8jRGXo https://t.co/9ZBQgFoWZE
— Kelsey Hightower (@kelseyhightower) February 19, 2022
You want me to encourage people to buy into a highly volatile speculative asset with no recourse if they do something as simple as losing their private key?
— Kelsey Hightower (@kelseyhightower) February 21, 2022
Nope. https://t.co/mFIFYZdxZq
So how would the Bitcoin dream change the issues we have today with abuse of power, racism and oppression? ⬇️ #
Let's say the bitcoin dream comes true, and we all get the "freedom to transact", does racism, oppression, and the abuse of power disappear, or does it simply use bitcoin to fund it?
— Kelsey Hightower (@kelseyhightower) February 21, 2022
Don't the oppressors still control the land and the natural resources required to generate money?
— Kelsey Hightower (@kelseyhightower) February 21, 2022
Even if everyone uses bitcoin, the ability to earn it are still under the control of the oppressor. https://t.co/NpCenG2VWv
If bitcoin is the path to universal basic income, I'm listening. https://t.co/tN2VxgzN5n
— Kelsey Hightower (@kelseyhightower) February 21, 2022
I'm getting a lot less responses to this one. Is this the achilles heel of bitcoin? https://t.co/fSnFwG0PsI
— Kelsey Hightower (@kelseyhightower) February 21, 2022
If bitcoin is so important, and has the potential to change so many aspects of our lives, aren't y'all expecting a ton of questions? Where's the FAQs?
— Kelsey Hightower (@kelseyhightower) February 21, 2022
Right now the universal answer is, get in while it's still early, my question is, what happens if you don't?
Hard to get excited about bitcoin when this is one of the sales pitches. https://t.co/kNKP78wlVV
— Kelsey Hightower (@kelseyhightower) February 21, 2022
This line of thinking resonates with me. I wonder how much printed money goes in the other direction that helps fight this stuff. That would evaporate as well. https://t.co/FKlohIcJGw
— Kelsey Hightower (@kelseyhightower) February 22, 2022
I get so many responses like this, which makes it hard not to see bitcoin as just one big cult. https://t.co/GFfX1JbkBL
— Kelsey Hightower (@kelseyhightower) February 22, 2022
How much bitcoin are people buying today to avoid poverty in the future. Are we talking $100, $10,000, or $1,000,000?
— Kelsey Hightower (@kelseyhightower) February 23, 2022
Seems like the best way to avoid poverty in the future is by not being poor today.
I get so many responses like this, which makes it hard not to see bitcoin as just one big cult. https://t.co/GFfX1JbkBL
— Kelsey Hightower (@kelseyhightower) February 22, 2022
Distributed, de-centralized systems, blockchain #
A decentralized system is a collection of centralized, independent, and authoritative systems connect by a network.
— Kelsey Hightower (@kelseyhightower) January 30, 2022
A distributed system mimics a centralized system through the use of a common protocol and by abstracting away the decentralized system underneath.
This is a great visualization of the various control and network structures. The lines between centralized, decentralized, and distributed systems aren't as clean as people think.
— Kelsey Hightower (@kelseyhightower) January 30, 2022
While the underlying system can be decentralized the control structure may not be. https://t.co/9ECrpIC3QR
I got my live demo done just in time! Can't wait to polish things up and release Zero Trust the Hard Way on GitHub. https://t.co/3luhIGVgAJ pic.twitter.com/VNE8ezhkkj
— Kelsey Hightower (@kelseyhightower) January 27, 2022
Git is a great project to study. It's a community based distributed system anyone can run, but most people tend to use a product like GitHub because of the additional value layered on top.
— Kelsey Hightower (@kelseyhightower) January 30, 2022
GitHub is one of the best examples of the difference between a project and a product.
When should a blockchain not be used?
— Kelsey Hightower (@kelseyhightower) January 31, 2022
If you work on Web3 projects, what's your stance on leveraging cloud providers such as AWS, GCP, and Azure to host the underlying infrastructure your services run on?
— Kelsey Hightower (@kelseyhightower) February 6, 2022
One of the best decentralized projects is over 20 years old. @foldingathome is extra dope!
— Kelsey Hightower (@kelseyhightower) February 8, 2022
"Anyone with a computer and an internet connection can become a citizen scientist and fight global health threats by donating their unused computer power." https://t.co/urLgeIr7Qh
If you consider yourself a web3 developer, what are you building? What does your tech stack look like?
— Kelsey Hightower (@kelseyhightower) February 11, 2022
David Rosenthal delivers the deep technical analysis of blockchain technology I've been looking for.
— Kelsey Hightower (@kelseyhightower) February 11, 2022
In summary: "Despite all the cleverness and hype, the technology just isn't that good." https://t.co/7ElfofsmPQ
No. Uploading a photograph to a blockchain only proves that a photograph was uploaded and signed using a specific key. Not that I did it.
— Kelsey Hightower (@kelseyhightower) February 11, 2022
Even if we went all mission impossible and required my fingerprint to snap the photo, that only proves access to my finger. https://t.co/MfchLcMETi
Git is a blockchain. Dope since 2005.
— Kelsey Hightower (@kelseyhightower) February 15, 2022
Git has the best proof of work implementation in the world. Each commit literally represents your work.
— Kelsey Hightower (@kelseyhightower) February 16, 2022
Git is a store of value.
— Kelsey Hightower (@kelseyhightower) February 16, 2022
This post describes the relationship between git and a blockchain.
— Kelsey Hightower (@kelseyhightower) February 16, 2022
"The resemblance between Git and blockchain means, with cautiousness we should be able to incorporate the idea of Git without introducing conflicting design choices into a blockchain"https://t.co/mEKL26xY7g https://t.co/6h2iYRkm0t
As I study permissionless blockchains, decentralization seems to apply only to the lowest level, and has almost nothing to do with individual ownership.
— Kelsey Hightower (@kelseyhightower) February 19, 2022
Putting your data on a blockchain is a transfer of ownership to the collective. Don't believe me, try deleting it.
Exactly, now we gotta educate more people on this fact. https://t.co/TY3Y6BgnV6
— Kelsey Hightower (@kelseyhightower) February 19, 2022
I'm also warning people to take the same precaution with encrypted data.
— Kelsey Hightower (@kelseyhightower) February 20, 2022
Once you make encrypted data publicly available on a permissionless blockchain, were're talking 24/7 anonymous read access folks, you're one misplaced decryption key away from major problems. https://t.co/UflrFIiB36
Exactly, now we gotta educate more people on this fact. https://t.co/TY3Y6BgnV6
— Kelsey Hightower (@kelseyhightower) February 19, 2022