I have my doubts, perhaps someone in the comment section can enlighten me? 1) Are Web3 and cryptocurrencies as decentralised as marketed? - As mentioned in the video, how about the venture capitalists and liquidity providers behind the projects? - Terra Luna is the most recent example proving that certain cryptocurrencies are actually controlled by a few people, perhaps even more centrally controlled than major companies like Alphabet and Meta. 2) Is decentralisation really better? - Right now, we know which companies to blame if something goes wrong. - Does giving all kinds of developers access to Web3 guarantee a better product? "Too many cooks spoil the soup", isn't it? - I find it especially funny when people say that Web3 and cryptocurrencies should not be regulated. However, when something goes wrong (e.g. Terra Luna), their first reaction is to cry and run to the regulatory agencies. 3) Many claimed that having data stored in the blockchain is more secure, but cryptocurrency scams seem to be so common and sometimes irreversible.

@saulgoodman2018

2 жыл бұрын

Yeah. This video rally didn't say much.

@jasonfanclub4267

2 жыл бұрын

I agree it's easy to enter late when you already have much power

@ibramblebush

2 жыл бұрын

You have to understand we are only in the infancy stage of Web 3.0, Blockchain technology is not going anywhere.

@darf8475

Жыл бұрын

Web 3.0 has barely reached infancy stage yet. It’s likely we’ll see a mix of decentralized and centralization over the coming years. Technology never stands still and that includes the internet. It will evolve somehow, that’s a given. It’s probable this tech will be part of that evolution

@redbutterfly88

Жыл бұрын

very well said👏👏👏

Web 2.0: You are the VC’s product. Web 3.0: You are the VC’s exit liquidity.

@sehz1789

2 жыл бұрын

faxx

@firmans12

10 ай бұрын

What is VC

@pavspol

2 ай бұрын

@@firmans12venture capitalists

scammers going to scam... Web 1.0 was supposed to be decentralized... but it's natural for tech and money to centralize... same thing will happen with web 3.0 (already has, most of the tech is on centralized platforms).

@justiceessiel6123

2 жыл бұрын

How many years of web3 experience do you have

@blackmamba677

2 жыл бұрын

@@justiceessiel6123 yup

@rudi702

Жыл бұрын

Unstoppable Domains certainly is centralized 💩

@trillion7070

Жыл бұрын

@@justiceessiel6123 LOL

@The_Original_Hybrid

Жыл бұрын

Only the normies will use centralised tech. Everyone else will use decentralised exchanges and privacy coins.

Dear CNBC Intl. I am a regular viewer of this channel. If u had just made this video 2 days earlier I could have had better chance of clearing my UPSC exam because a MCQ was asked on web 3.0 and I got it wrong 😂. Still might clear the exam though..🤞

@CNBCi

2 жыл бұрын

Thank you for watching our videos, and all the best for your exams!

@howdy111

2 жыл бұрын

What happened bhai

@ericme5715

Жыл бұрын

@@howdy111 he failed now probably crying in a corner somewhere in his house 🏡

@Xtasea

Жыл бұрын

@@ericme5715 still crying?

@ericme5715

Жыл бұрын

@@Xtasea maybe 🤔

human are too greedy to do such ideally novel creation. as long as the idea of money exists, there always comes the difference in power

We have enough issues with centralized databases, so distributed databases are better ? Loool. None of what's discussed requires a Blockchain, nor take any advantage from a Blockchain that cannot be duplicated in the cloud.

@kenosabi

2 жыл бұрын

Except the part where it isn't controlled by Google or AWS. But close. You almost sound like you know wtf your talking about. Almost.

@witness1013

2 жыл бұрын

@@kenosabi too bad you don't.

6:31 "Yes we are here to invest, and we want the project to grow. We want to participate in the governance but there's room for others to participate into it." I would say that's a good way to see VC investments in the web 3 world --> About this, are there any ways in practice to restrict VC's participation in the token governance?

Great graphics and animations!

It's the exit plan in times of chaos that's the key. More crowd focus should be on that.

decentralization sounds like a gun act in usa, just imagine give control to people oh yeah they are just gonna messed it up

Hello man, I want to ask?? now that there's is a new web development giving owner of data. How is it different from the dark web?? I just recently learned about web3 so I'm not what role does the dark web plays now?

Maybe this can work for a few things but most actions require authentication or authorization. So if everything is decentralized who is responsible for identifying/verifying you? It doesn't sound this is possible with Web3?

@kevin_00001

Жыл бұрын

You can log into any web3 app with your wallet. Your wallet has an address and can sign transactions (login).

The best thing that he never takes credit of his hard work ❤️respect for creators 🙏

The way the redhair brother explain this it is smooth...

There are always less people who try to make changes and adopt first by taking risk. Majority follow later and make the previous risk takers profitable. Remember magic internet money?

I don't know if you realize it, but they lied to you when they told you web2 was centralized, use some program to record the number of host sites involved when connecting to a site and you will find there is tons of sites all over the net being contacted, there is nothing even remotely "centralized" about it in the way we normally use the word.

youve failed before youve started and im loving it

Web3 about to be killed by Web5 even before it matures.

#1 Reason is Separatism "Virtual Reality" (we want to be in a world of relatability)

Reef chain features next-gen blockchain technology, utilizing Nominated Proof of Stake consensus, EVM extensions, on-chain upgradability, libp2p networking and state of the art cryptography.

May be less centralized but also less regulated. Who is fined or punished when something bad happens.

@CarlosSantana-yt5wx

Жыл бұрын

Who was before ?

Nice video

What's the purpose if a lifespan is no more but if so not much than 120years do these blockchain information make sense to have if your not creating a business with asset that block chain can give identity to in a layered way I may have it wrong barly lookin in to this 😉

Web3 would need to have a rule as if everyone start with a certain amount of bitcoin for deciding to participate 🤔

@anthony64924

Жыл бұрын

That is what airdrops are

Goood explaining

All things go centralised. Don’t get confused.

For all those naysayers, remember Bill Gates once wondered why anyone would need more than 640 kb.

Thanks

i'm not sure of big tech companies will get along.!

Nice video.

@CNBCi

2 жыл бұрын

Thanks!

Centralization + decentralization( on choice ) = answer;

It's rare that a trend like that is real.

@pavspol

2 ай бұрын

Moving the world into a digital space you mean?

🍾

I like this ... there should be alternative

Web3 is people's search for Internet freedom

Yes!.

i did not know Web 3 name was created by the owner of Polkadot. Thats whats up

Want to decentralization? Grant regular people with power to choose between IP Public/IP Private. Boost Open Source project and Open Standard. Those are a feasible way to decentralize.

Well Musk knows all about empty marketing buzzwords...hyperloop, solar roofs, cybertruck...

As a global integrated trading platform, OJA is designed to provide a variety of transactions such as spot and futures trading, over-the counter trading, whole network trading and decentralized trading

nice

What I think is that if you are on the Internet you didn't have any privacy.

Lband problem ???

Make it complicated..

Problem nowadays is, web3 is expensive

I think web 7 in future would be advanced think in are minds

me: Pays for KZread but it's free. also me: I disappoint myself.

So in Web3, we're going to go back to crummy ads?

Evolution of net 360 zen

👍 ℹ️

Money rules

How about NATIONALIZING the Internet, making it as a non-profit utility as opposed to it being held and dictated by corporate service providers? There are many other options for “de”-centralizing.

@bensolo7000

Жыл бұрын

Because that is the whole point the transnational corporations are only beginning to take over the globe.

@anthony64924

Жыл бұрын

Wait so then who makes money?

Wow

Who owns the powergrid Who owns telecominfrastructure No regulations

now I understand a bit.. I got confused with the web3 js!! though

Web developer here with 7 years experience. No, it's a scam by the cryptobros and corporations that want to take advantage of it.

@bttb433

Жыл бұрын

Could you elaborate on this?

@6ixSince95

Жыл бұрын

Would love to hear more..?

I personally would love to get ads for things I want or need rather than the random crap I get now, I thought my phone was supposed to be listening to me and the tech companies getting to know me but so far I’m still getting tampon or insurance ads or ads for things that are completely not even related to me

@underconstruction6432

Жыл бұрын

Lmfao😂

Why do people act like centralization is evil?

@BS-qu5wy

2 жыл бұрын

because they are stup*ds

@princejha4326

2 жыл бұрын

It's isn't the case. It has to do all about exploitation. You never want one political party to command the whole world.

@kamp8703

2 жыл бұрын

Because the so called finance crocodile or big company even government can take ur money whenever they want. Without our permission.

@hunterhealer8022

2 жыл бұрын

We progressed as a civilization from an autocratic absolute monarchy to decentralising power of people (democracy). Why cant we progress the financial part of it as well? Is absolute monarchy evil? Of couse not. But represents a single point of failure.

@ibramblebush

2 жыл бұрын

Corporations love it, they hate Blockchain technology tho.

No, it's absolutely not.

Imagine a computer that is broken into specialized components, and where you can take your identity with you. Polkadot is coming. I wrote this comment without seeing any content.....but I can already see that whoever made this understands.

@pellestorck3776

2 жыл бұрын

Like, the cloud..? :)

how about just let users build and host Websites for free? 🤔 that would already help a lot....

@thewanderer4509

Жыл бұрын

Hello. That sounds awfully a lot like what Holo developers (the people who released the Holochain (HOT) cryptocurrency around 4 years ago) are trying to develop now.

Web 3 is what I will be releasing it as how the world will operate

looks like host came from web3.0 !!!

Wasn't Web3 coined way before like in 2004-2005 or something?

@sehz1789

2 жыл бұрын

web3 is vc exit liquidity just like someone mentioned above. but i do credit the invention of "transfer of value thru collective machines" this is very new

as a web dev, no, it's not.

These years are the early days of the internet. I truly believe this is the exact equivalent of the Web 1.0 in 1994.

Yeah, ask the big corporation owners what web3 is! That's not stupid! Of course they're not gonna trash talk about it!!

Cnbc host looks like One from Stranger Things Season 4.

You should make your names call news CBNS technology news

yes I think the web3 is the future

Dame shirt!!????????? Give that man a raíse😄😁😅

ICP next big thing, do sleep on it.

Take a shot everytime a millennial uses a buzzword

This doesn't solve squat. If you want to avoid all centralization, just run and host your own site on your own server. Simple. No need of all of this. People have been hosting their own stuff for ages without any weird blockchains or what not.

@varunemani

Жыл бұрын

🍷👍

@carademarcus

Жыл бұрын

Ok let’s see you build server infrastructure to handle heavy traffic to scale.

@anthony64924

Жыл бұрын

Can you explain how outsourcing and load balancing across a large range of devices is bad? We can go backwards and just read newspapers, it's easy to digest. Cheap, and you can physically hold it in your hand. I feel like you might be scared of what you don't understand

So instead of giving your data access to google or FB, you give it to anyone. That's including Google or FB Very smart plan lol

@mitulkumar8174

Жыл бұрын

You don't give it to anyone

@powerlogic1992

Жыл бұрын

why would you give it to anyone?

You don't need ETH to create a Web3 App. Its a SCAM if those companies are building Web3 on top of ETH.

i guess my previous comment got deleted :(

Flux is web3

lol y'all catch up

somebody show this mask the utopia ecosystem.

web3.0

1st comment LOL

yes instead of big organizations controlling my data I want ai to do it. I want terminator to control it! hahahaha. So if you can't trust one organization then you should trust 10000 autonomous organizations to put you on hold with music for days. Ever try to call autonomous system to get a refund? hahaha.

I just unsubscribed the channel for showing such annoying ads in each video they uploaded 👎👎👎

Sounds like nothing but overhyped garbage.

a shitcoin project about to RUG, nothing to see here frens ^_^

What's the use of that digital ownership if it only links to an image? The right to re-use the image? That's the same with traditional IP rights isn't it?

Crypto is a ponzi scam

Entities like to own stuff. Web 2.0 isn't going anywhere.

Decentralized means that many people have a little bit of my passwords? NO. I don't want ramdom people to have access to my account.

@unlockwithjsr

2 жыл бұрын

😂😂😂

@qw3960

2 жыл бұрын

You'll own nothing, and you'll be happy.

Scam

Web5 please. Web3 is just another word for a new capitalism from DAO 🤦🤣🤣🤣🤣🤣🤣

Ha what a load of rubbish, the internet will never take off 🙄

All scams

best proct in zetachain

LINU ERC20