Web3 parallels - Web3 simply offers users a choice
Direct from the desk of Dane Williams.
When it comes to Web3, centralised and decentralised ecosystems will continue to run in parallel.
Why do we continue to see arguments raging between those who want a completely decentralised world and those who crave the relative security of centralisation?
Decentralisation is a spectrum, with each point along the ray offering its own advantages and disadvantages.
Decentralisation offers freedom and autonomy.
Centralisation offers stability and efficiency.
When you move anywhere in between these two points, you will obviously receive varying pros and cons of each.
There is no black or white, there is no right or wrong and each ecosystem will always coexist in parallel.
So what the fuck are we arguing about here?!
The decentralisation spectrum
Neither side of these Web3 parallels will ever take full control.
This is why I find this centralisation vs decentralisation argument so baffling.
And don’t get me wrong, those on the side of decentralisation are just as guilty in this regard.
Their argument is that if there is centralisation in any aspect of the network or applications built on top of it, that this is the end of the world.
As I’ve spoken about numerous times, finding a truly decentralised network in the current environment is all but impossible, let alone a fully decentralised dApp built on top.
But again, decentralisation is a spectrum and all that matters is offering people a choice all the way along.
Full decentralisation is not only unrealistic, but downright impossible.
There will always be builders coming together and prioritising getting shit done over all else.
This is a good thing and the option to do things in this manner will always remain.
Web3 simply offers a choice
Ultimately, a decentralised Web3 is not a binary proposition.
The shift to Web3 is actually not about decentralising the internet like you may have read in some of the recent mainstream coverage of the topic.
Web3 simply offers users a choice.
The efficiency that your traditionally structured, centralised company can offer, is obviously unparalleled.
Again, nobody is debating this fact.
But there is a clear use-case for decentralised applications outside of the regulatory oversight.
In the west, where the government is framed as a trustworthy entity who is working on the same side as the people, the question is always why?
Why would you want to interact with a digital world outside of government oversight?
Well it may be all well and good for some, but what about the rest of this extremely fucked up world that we find ourselves living in?
Don’t you think that offering a decentralised choice that is untouchable by all may be a net positive?
Remember, the role of a western democratic government is to actually represent the people that elected them.
When it comes to the shift to Web3, the only outcome will be for governments to become educators rather than regulators.
Thanks to the decentralised Web3 parallel, people will now ALWAYS have a choice.
The freedom and ownership of decentralisation.
Or the efficiency and relative safety of centralisation.
In fact, it’s more than likely that both will thrive in parallel to greater states than if we remained in a state of Web2.
The future of Web3
While my personal belief is that a digital world owned by the users themselves via tokenisation is a net positive for humanity, I’ve tried to make it clear that nobody is going to take away their centralised counterparts.
We are still so insanely early in the shift from Web2 to Web3 and right now the centralised parallel is the obvious choice.
But as we see here on the Hive blockchain, the decentralised parallel is building itself out pretty much under the radar.
Not everyone is going to want exposure to this Web3 parallel, but for those that do, getting an immutable Web3 Hive account may be the savvy choice.
LeoFinance makes it super simple to onboard into this parallel by offering you the ability to use your Web2 Twitter account to get involved.
Simply head to leofinance.io, click the get started button at the top and create your account using your Twitter login.
From there you can claim your keys and take full control.
If you want to.
The CHOICE is ultimately yours.
Best of probabilities to you.
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Web3 is going to be and is a great development. Once there is more onboarding the network will continue to grow and we will see significant improvements with web3.
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Web3 will be a far better system once it's been completely onboarded and developed.
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I fully agree.
But that doesn't mean that closed, centralised networks are going to die out.
There are clear use-cases for both and they will always run side by side.
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Yes, Binance seems to be doing really well and it's maintained low transaction fees and it's speed is decent.
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https://twitter.com/forexbrokr/status/1486499627562012681
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Imagine 10 years from now
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What is your (summarised) future vision for Web3?
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You own your data.
You own your followers.
You own your platform.
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Check
Check
Nope-- not yet, anyway. This is one tough nut to crack.
My hopes are people are smart enough to start using decentralized systems or more decentralized anyways instead of constant powering of these mega corps. What kills me is when people complain about stuff such as Facebook but at the end of the day they are still logging into it and using it.
I do believe like you say they will run parallel with each other but hopefully enough market cap can continue to be drained off of mega corps and instead be given to people. The biggest thing I want to see out of web3 is some power being restored to content creators and users.
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Yep, good take :)
How I see it is that over the long term, the advantage will always be to use the fully decentralised systems.
But short term, the centralised companies will be more efficient and therefore attractive.
Just give Web3 time to mature.
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Hi there, well if there is no deep centralization on 3.0 it would. But solaris is a example of "decentraliced" that in reality is still centraliced :S sadly. The 3.0 gonna evolve the way hive do. Very far from the 2.0 origins :D
Btw, gonna say that SV on the vyb tag is now a problem https://www.vybrainium.com/vyb/@vyb.vyb/vyb-announcements-rewards-pool-voting-window-inclusionary-tags-exclusionary-tags-vyb-project-fund
As stated on that proclamation of the vyb.vyb account, if you gonna sv, use the #no-vyb tag or #novyb to avoid getting muted on vyb :)
Sorry guys, I was using the tag for SEO reasons.
I won't include it on my posts anymore.
All the best with your community.
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That is cool too. :)
The idea of centralization and decentralization has always resulted in two camps, as is the case with Web2 and Web3, people who talk about Web3 are still basically using Web2-based technology for things like the front-end.
Regardless of all that, in the end, what survives is who remains most relevant to the needs of the community.
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What are your thoughts on Web3 networks using centralised front-ends?
Do you think the ability to easily switch is good enough, or is there a better way to do things?
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I agree. We probably won't see things fully decentralized and there will definitely be centralized stuff in the Web 3 space. As much as we would like things to be fully decentralized, there will always be some people who do not want to let go of control and those who do not mind.
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We can't preach freedom and then not give people the freedom to build different systems, lol.
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I completely agree. Just give people the choice on which place they want to and I hope they choose the decentralized options. At some point, I am hoping people will choose the spot with more freedom.
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Yes, it is true that we may never have a truly decentralized system. It is also true that both the centralized and decentralized systems have their unique merits and demerits. Also true is the fact that web3 brings freedom, wider opportunities and ownership.
However, I beg to disagree that centralized systems bring more safety than the other counterpart. Using the cryptocurrency sector as a case study, you'll agree with me that we have both DEXes and CEXes, which do you think is safer to store your assets? I think that decentralization allows me full ownership of my assets where I'm in full custody of my keys unlike with centralized exchanges.
It's safer to opine that both parties have their safety issues but I choose to stick with a more decentralized system then the other.
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Decentralization allows full ownership of assets and also full ownership of mistakes :D
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Exactly 😁
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Yep, that's another way of looking at the issue of safety.
There are always two sides to every coin and once again shows that people should be given the freedom to choose.
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Exactly, choose whatever works for you and stick to it.
It's a free world
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These days (June 2022), the only reason to use a centralized exchange is to convert fiat money to cryptocurrency, not even to buy or sell or trade. The only cryptocurrency worth buying at a centralized exchange is the stablecoin of your choice, and even then it is for the purpose of offloading it to a wallet you control at the earliest opportunity. Once the stablecoins are in the wallet or wallets you control, then you can buy what you really want to buy (BTC, HIVE, CUB, CAKE, DOGE, APE, etc.)
I have the feeling that a lot of people who use Facebook and others just don't have the need for decentralization. They use whatever is convenient to use. Also, we are early, my friends (age 25-45) have zero idea what web3 is or even exists.
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This is exactly the same as people in my life.
They use centralised Facebook because the convenience outweighs the fact that they sell their data.
Right now, the monetary and data ownership incentive for choosing the decentralised parallel isn't enough.
But that will likely change as it matures.
Just gotta give it time.
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Centralization will always exist; it is present even in chains that proclaim decentralization.
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Hive front-ends?
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I mean like ethereum.
I see the future of the internet and the future of money as a choice. There will always be fiat and facebook... but there will be crypto and all sorts of decentralized alternatives. For me, the choice is obvious.
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Exactly :)
And choice is always the best thing for everyone.
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Total decentralization is no more likely than total centralization. To some degree both will coexist, with one more dominant than the other. If not at the surface layer, then beneath the surface or even lower. So we need to ask ourselves what degree of centralization will be acceptable for us. For me, it will be different than for you, but for us together it will be different than for Tim Cook.
In a world where we're hounded by "diversity this" and "diversity that," we also need diversity in degrees of decentralization. This means we all need options and choices.
I'm a few months late to this post (even if I came here from a more recent post), but you raise good points regarding centralization and decentralization as a spectrum of choices we can accept. For that, please accept this slice of !PIZZA.
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