this post was submitted on 18 Aug 2025
1147 points (99.0% liked)

Technology

78183 readers
1740 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] SufferingSteve@feddit.nu 312 points 4 months ago* (last edited 4 months ago) (62 children)

There once was a dream of the semantic web, also known as web2. The semantic web could have enabled easy to ingest information of webpages, removing soo much of the computation required to get the information. Thus preventing much of the air crawling cpu overhead.

What we got as web2 instead was social media. Destroying facts and making people depressed at a newer before seen rate.

Web3 was about enabling us to securely transfer value between people digitally and without middlemen.

What crypto gave us was fraud, expensive jpgs and scams. The term web is now even so eroded that it has lost much of its meaning. The information age gave way for the misinformation age, where everything is fake.

[–] tourist@lemmy.world 66 points 4 months ago (12 children)

Web3 was about enabling us to securely transfer value between people digitally and without middlemen.

It's ironic that the middlemen showed up anyway and busted all the security of those transfers

You want some bipcoin to buy weed drugs on the slip road? Don't bother figuring out how to set up that wallet shit, come to our nifty token exchange where you can buy and sell all kinds of bipcoins

oh btw every government on the planet showed up and dug through our insecure records. hope you weren't actually buying shroom drugs on the slip rod

also we got hacked, you lost all your bipcoins sorry

At least, that's my recollection of events. I was getting my illegal narcotics the old fashioned way.

[–] prole@lemmy.blahaj.zone 3 points 4 months ago* (last edited 4 months ago) (2 children)

You want some bipcoin to buy weed drugs on the slip road? Don’t bother figuring out how to set up that wallet shit, come to our nifty token exchange where you can buy and sell all kinds of bipcoins

Maybe I'm slow today, but what is this referencing? Most dark web sites use Monero. Is there some centralized token that people used instead?

Edit: Oh, I guess you're referring to Mt.Gox? I mean yeah, people were pretty stupid for keeping their bitcoin in exchange wallets (and sending it right to the drug dealers directly from there? Real dumb). That's always a bad idea. I don't think they transferred it there instead of something else, they just never took custody of the coins after buying them on the exchange.

[–] nymnympseudonym@lemmy.world 3 points 4 months ago (1 children)

Monero

Satoshi was right and Crypto absolutely has valid use cases. What if your government doesn't want you accessing meds you need at prices you can afford? What if your government doesn't like your sexual orientation, but you want a subscription to a dating site? What if your government throws up unjust export controls or tariffs that suddenly make you and your business impossible?

Crypto's best killer use case is uncensorable, untraceable money

Bitcoin is neither of those things. There is a reason people buy heroin with Monero. It actually does what crypto is supposed to do, which means it could safeguard your Grindr XTRA subscription.

[–] prole@lemmy.blahaj.zone 3 points 4 months ago

Yeah Monero is just cool, tech-wise

[–] WhyJiffie@sh.itjust.works 1 points 4 months ago

I think it refers to custudial wallets and that it's hard to obtain the useful coins without a KYC exchange (that also most often works as a custudial wallet).

load more comments (9 replies)
load more comments (58 replies)