FBXL Social

So Web5 doesn't have blockchain at all, and by extension does not have smart contracts or the ability to do trustless computation. In other words almost worthless and the name is very deceptive.

I am not wedded to blockchain or smart contracts but one of the critical components of web3 decentralization is the ability for applications to execute code trustlessly and this cannot do that.

@sun Web5???

@arcana it's a decentralized application system but it is not based on blockchain

@sun the fuck happened to web 4? did we skip that like IPv5?

@hiro there are multiple scams named web4 already

@tyil @sun

Web5? Pshht. I'm on Web6 already. We're rolling out 7 next week.

@taylan@pl.tkammer.de @sun@shitposter.world Yeah, I don't believe much in all the hype generated by megacorpos (and their LinkedIn cult following) about The Next Web(tm). This guy in particular though seems very much about the decentralized web, but if you want to talk about it you can only use centralized proprietary platforms. He can't even take his own message seriously during the introduction.

@sun You might find the new Freenet interesting.

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@tyil I actually abandoned this project already anyway because it doesn't have any blockchain and thus no way to run code trustlessly. it's not better than web3 at all.

@sun@shitposter.world I like not having blockchains, blockchain "technology" is a meme looking for a problem it can (expensively) solve. But I generally like the web to be a bit more static. Rather than looking for ways to make code more trustworthy, I'd rather just not have random code running at all. The irony is that I'm using as my client :^)

@tyil I was hoping their project would be just a drop of blockchain for the small subset of things only that tech can do, rather than some stuff that tries to stick everything on the blockchain, which I agree is wasteful and stupid.

@tyil it's solving the problem of financial trust. I don't need to trust anyone with crypto, it's there, nobody can take it away from me.

If I have too much money in a bank and the bank goes under, I'm fucked.

@BeAware@social.beaware.live Whatever you need to tell yourself kiddo