WEB

throwaway_270423

So many bot comments with „I‘m in!“ Whoever buys this shit, im sorry you fell for it. Comments read like generated texts. „Still cheap“ and „sorry you sold at bottom“ 😂😂😂 I have never bought this crap token. I am very happy THIS „UTILITY“ IS NOT WEB3, IS NOT BUILDING SOMETHING NEW, IS NOT THE NEXT 100x TOKEN Its shilling scam and trying to advertise wirh bot activities so simulate a community! DONT BUY! Buy Bitcoin!

XBB32

Why not try to educate yourself and start with a WEB3 wallet and use the aggregator on [sonar.studio](http://sonar.studio) to buy some coin? Don't go for ETH with such a small amount...

crowkeep

The crypto space undeniably suffers at present from issues of trust. It's a young, evolving technology, plagued by growing pains. I have faith that given sufficient time, these can be worked out. We're already seeing this come to fruition through ETF market adoption in "First World" nations. Less developed nations are employing bitcoin against failing fiat landscapes, see El Salvador on the nation-state level and Nigeria on the popular, etc. The space is rich with experimentation (as a developer I've worked with WEB3 and L2 chains, like *Polygon*). And I can see DeFi opening the way to a form of UBI (**Universal Basic Income**) See *Gooddollar* for instance. I prefer to see the glass as half-full. And lest we forget: The vast and broad engines of criminality throughout the world are by and large, still fueled by the blood and drug soaked *American Petro Dollar*.

INemzis

Look into $WEB. $2m market cap token that’s been going sideways for 4 months now. It’s based on leaked information from Musks x.ai. It will be his attempt to replace google search. Musk coins go nuts. Just buy and hold until he announces it. Hoping for 50x (to rival GROK)

CointestMod

#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1bhcw79/daily_crypto_discussion_march_18_2024_gmt0/).

im_a_good_goat

Yup. Each country has their own currency. Bitcoin is the currency of the WORLD WIDE WEB - A digital global currency in a way. Fiat and Bitcoin should work hand in hand.

INemzis

Buy $WEB on ETH. If Musk announces his “Google killer” Web, as leaked, this will fly above the $2m it’s currently on

Meme_Titans

Largest holding is ADA but I also have quite a bit in XRP, HBAR, SOL, and MATIC. Degen plays are WEB, WEN and even BEN

CointestMod

#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1au93v3/daily_crypto_discussion_february_19_2024_gmt0/).

CointestMod

#Web3 Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **HOW DOES IT WORK?** > > Probably the best example of Web3 that can be presented here (and I'm surprised no one has mentioned it so far) are [Reddit's Community Points](https://www.reddit.com/community-points/). > > Yes, Moons can be defined as part of Web3 revolution: > > **YOUR OWN PRIVATE PIECE OF THE INTERNET** > > What is the main purpose of Moons according to Reddit? They are supposed to give the control of subreddits to their communities – "[Community Points represent a way for Redditors to own a piece of their favorite communities](https://www.reddit.com/community-points/documentation/introduction)". If we are to believe the pure intentions of Reddit (in other words: if we are naïve enough to trust a big, profit-oriented company), they are making their platform decentralized and giving more power to users. Thanks to the Community Points, subreddits are to become independent of Reddit. > > And even if Community Points will never make subreddits fully independent, they have other advantages. Recently, r/cryptocurrency started renting its banner and offering AMAs for Moons. Companies and individuals who want to promote themselves on our subreddit, need to buy and burn Moons. Therefore, every redditor who is active on the sub and owns some Moons, can benefit from this in a tangible way. Having some financial incentive makes people care more about the sub (of course, some just want to exploit it for personal gain). > > This idea behind Community Points can be applied in a plethora of other online platforms. And it does not have to include a financial incentive to be successful. There are many other advantages that are directly connected to the technology on which Moons are built. > > **BENEFITS OF BLOCKCHAIN** > > Web3 tries to utilize the advantages of blockchain technology. Apart from already mentioned decentralization, Web3 websites and apps can offer their users complete **privacy**. When using e.g. Bitcoin to make a transaction, there is no need for a third party because blockchain is **trustless**. The same could be applied to virtually anything that functions online. For example, [Mastodon](https://en.wikipedia.org/wiki/Mastodon_(social_network)), a Web3 version of Twitter, is not owned by any company. Users are free to create their own instances (servers), with their own rules. Mastodon can't go bankrupt, it can't be sold and it can't be completely blocked by the government. And, most importantly, no left-wing or right-wing agenda (or a billionaire troll) can censor/cancel you there. > > What's more, Web3 platforms don't need your personal data. You can create a digital identity and stay completely anonymous. **Your personal information is safe** and cannot be collected and used by anyone ([for example to be sold to a consulting firm so it can influence elections in different countries](https://en.wikipedia.org/wiki/Facebook%E2%80%93Cambridge_Analytica_data_scandal)). > > And, last but not least, the rules cannot be changed without the consent of the majority. No one CEO or a board of rich assholes who want to get more rich can one day say: "We remove the dislike counter though no one ever asked for it" or "From now one we will charge money for something that previously was free". > > The rules are clear and they are written in an **open-source code** that anyone is free to inspect. So, if there is 21 million bitcoins written in the code, a Bitcoin CEO will never show up and say: "OK, let's remove the maximum cap" or "I need to make my own bitcoins more valuable, so tomorrow we remove 5 million randomly selected coins from circulation". Web3 apps are more transparent and much less susceptible to whims of a centralized organization or eccentric individuals. > > **CONCLUSION** > > In a world that is getting more and more dominated by the tech giants, we probably really should root for a Web3 revolution. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1s3/general_concepts_web3_proarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds.

JustStopppingBye

>I thought CCIP was still in the conceptual stage and hadn't reached widespread adoption, The testnet has been out since July 2023, yet over 120 protocols have already integrated it included all the largest DEXs without a full release. However, the mainnet should be out in a month. Im taking into account Chainlinks dominate position in WEB3 to determine that ERGO has already lost. If you remove your bagholder blinders youll realize this is true. ERGO will never be able to compete with Chainlink, they do not have the resources to do so.

user_name_checks_out

It always cracks me up when people start a whole new thread with a title like WARNING: WEB SITE free-bitcoinz-r-us.biz IS A SCAM!!! Like really?

JustStopppingBye

You should spend your time researching something actually useful to WEB3 like oracles. This sub is pathetic.

Available_Refuse4240

But whats all the talk about a funnel from WEB2 to WEB3?

finix_drag

WEB3 apis

Director_Virtual

No offense taken, I was partly trolling but your interpretation is far from the truth… First I didnt buy when it was 500x and I did not buy bc of his shilling… Had done some prior research on Web 3 and heard of ICP (and got it at $5 btw at first buy), decided to give reddit a spin and stumbled across that community- Also, I had been doing my research on crypto for a while and the entire market. Not just crypto, but the technology too, the entirety of where we are headed in the future. We are currently entering the 4th Industrial Revolution- Do you not agree that in the future we will continue transitioning from WWW2.0 to WWW3.0 which is decentralized and functions through the Block Chain? The transition has already started, and will continue to accelerate as Bitcoin becomes mass adopted- and then ETH ETF. But then ICP is the NEXT piece of the puzzle, as it links all of them, and brings a lot more to the table. It was hard for people to fathom what the internet was, or from the transition from WW1 to 2.0, where so many people lost out or lost money in the DOT COM bubble. Theres information out there all about the transition to WEB 3, ik its hard to fathom at this point rn, but a lot of people said that in the beginning BTC (and ETH later) would be nothing. That is how things work, you dont hear about them until after they blow up. Until then, everyones skeptical. But I think the technology makes sense in terms of where we are headed.

miamininja

FIle coin will be bigger with the adoption of WEB 3

UpliftingUnicorn

So where the link to the $WEB token?

SharpyQBBQ

So much evidence on WEB. The GEM everybody has been waiting. Get on board while you can.

CointestMod

#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/18uts4l/daily_crypto_discussion_december_31_2023_gmt0/).

INemzis

I don't know why I'm posting here - but, $WEB. I hate Musk, but if X.AI releases WEB as all the leaks suggest, this will pop like all the others have.

SamiraGalbraith

What's the WEB3 product they are supposed to release?

CointestMod

#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/18ayc6h/daily_crypto_discussion_december_5_2023_gmt0/).

majinbuu128

Sounds like a diamond in the rough world of meme coins. Could potentially become a top 100 project with its real world usability. Imagine celebrities, influencers, pro athletes, etc making their own coins for their fans. Pretty soon even school age kids will be able to created their own coins on the block chain just for kicks but it will lead this next generation into understanding what WEB3 and blockchain are all about.

CattleAffectionate40

Everyone says that BTC and ETH How about we talk about other cryptos? Projects like KAVA will have more relevance than they already have in the future Kava will lead the world to WEB3

CointestMod

#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/18744v4/daily_crypto_discussion_november_30_2023_gmt0/).

CointestMod

#Web3 Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **HOW DOES IT WORK?** > > Probably the best example of Web3 that can be presented here (and I'm surprised no one has mentioned it so far) are [Reddit's Community Points](https://www.reddit.com/community-points/). > > Yes, Moons can be defined as part of Web3 revolution: > > **YOUR OWN PRIVATE PIECE OF THE INTERNET** > > What is the main purpose of Moons according to Reddit? They are supposed to give the control of subreddits to their communities – "[Community Points represent a way for Redditors to own a piece of their favorite communities](https://www.reddit.com/community-points/documentation/introduction)". If we are to believe the pure intentions of Reddit (in other words: if we are naïve enough to trust a big, profit-oriented company), they are making their platform decentralized and giving more power to users. Thanks to the Community Points, subreddits are to become independent of Reddit. > > And even if Community Points will never make subreddits fully independent, they have other advantages. Recently, r/cryptocurrency started renting its banner and offering AMAs for Moons. Companies and individuals who want to promote themselves on our subreddit, need to buy and burn Moons. Therefore, every redditor who is active on the sub and owns some Moons, can benefit from this in a tangible way. Having some financial incentive makes people care more about the sub (of course, some just want to exploit it for personal gain). > > This idea behind Community Points can be applied in a plethora of other online platforms. And it does not have to include a financial incentive to be successful. There are many other advantages that are directly connected to the technology on which Moons are built. > > **BENEFITS OF BLOCKCHAIN** > > Web3 tries to utilize the advantages of blockchain technology. Apart from already mentioned decentralization, Web3 websites and apps can offer their users complete **privacy**. When using e.g. Bitcoin to make a transaction, there is no need for a third party because blockchain is **trustless**. The same could be applied to virtually anything that functions online. For example, [Mastodon](https://en.wikipedia.org/wiki/Mastodon_(social_network)), a Web3 version of Twitter, is not owned by any company. Users are free to create their own instances (servers), with their own rules. Mastodon can't go bankrupt, it can't be sold and it can't be completely blocked by the government. And, most importantly, no left-wing or right-wing agenda (or a billionaire troll) can censor/cancel you there. > > What's more, Web3 platforms don't need your personal data. You can create a digital identity and stay completely anonymous. **Your personal information is safe** and cannot be collected and used by anyone ([for example to be sold to a consulting firm so it can influence elections in different countries](https://en.wikipedia.org/wiki/Facebook%E2%80%93Cambridge_Analytica_data_scandal)). > > And, last but not least, the rules cannot be changed without the consent of the majority. No one CEO or a board of rich assholes who want to get more rich can one day say: "We remove the dislike counter though no one ever asked for it" or "From now one we will charge money for something that previously was free". > > The rules are clear and they are written in an **open-source code** that anyone is free to inspect. So, if there is 21 million bitcoins written in the code, a Bitcoin CEO will never show up and say: "OK, let's remove the maximum cap" or "I need to make my own bitcoins more valuable, so tomorrow we remove 5 million randomly selected coins from circulation". Web3 apps are more transparent and much less susceptible to whims of a centralized organization or eccentric individuals. > > **CONCLUSION** > > In a world that is getting more and more dominated by the tech giants, we probably really should root for a Web3 revolution. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1s3/general_concepts_web3_proarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post.

CointestMod

#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/185hzo1/daily_crypto_discussion_november_28_2023_gmt0/).

CointestMod

#Web3 Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **BYE AMAZON, BYE ALPHABET, BYE META?** > > In an ideal scenario, Web3 is supposed to challenge the tech giants and take away their dominance. But how can it happen if the world is already dominated by those corporations to an extreme degree. How can the little guys be empowered when the big guys hold [so much wealth](https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States). There is very little chance that Web3 can help us win the game that has been rigged from the start. > > When you look at some of the decentralized apps that use the idea of governance tokens (e.g. Uniswap, Compound and so on), they often had ICOs and are backed by early investors and Venture Capitals from the start. They are the ones who control them and they are the ones who will make most profit from them. Especially when they can stake their coins. The rich get richer and the dreams of the little guys screwing the big guy are brutally shattered. > > The idea behind Web3 seems utopian for another reason, too: people do not care. Why worry your head about privacy, dominance of corporations and wealth inequality when you can just consume products and enjoy life. Rapid advancements in technology in recent years have spoiled people. We want everything everywhere all at once which brings us to another point. > > **GOTTA GO FAST** > > One of the problems of cryptocurrencies is scalability or, to put it simply, speed of operation. You can have networks that are fast like Solana but then you risk it being shut down every now and then. Secure networks, like Bitcoin or Ethereum, are slow. > > Decentralized applications and websites face the same problem. Even Mastodon which does not use any token to run it, gets really slow if an instance (server) gets crowded. You can move to another instance but if Mastodon was to become as popular as Twitter, changing instances from time to time would be too inconvenient for most people. Therefore, if the technology behind decentralized apps does not improve, the vast majority of users will never trade their precious time for increased privacy or freedom. > > **ANY PRESS IS GOOD PRESS?** > > In one of his tweets, Elon Musk called Web3 "[a marketing buzz word](https://nitter.net/elonmusk/status/1472745072277995526?)". And there is much truth to that. Today, Web3 is indeed used by many shady projects exactly as a buzzword. Those projects have nothing to do with the basic concepts of Web 3 laid down by Gavin Wood. Those are usually the same projects that try to exploit other innovative ideas like cryptocurrency, NFT or metaverse for their own financial gain. As a consequence, for the general public NFTs are nothing more than ugly PNGs everyone can copy, cryptocurrencies are considered the easiest way to launder money and metaverse has Mark Zuckerberg's face. Now, when we consider that the term Web 3 is often associated with the above-mentioned concepts, it is no wonder that it usually has bad publicity in the mainstream media. And since most people's opinions are still formed by those media, it can seriously slow down the progress of Web3. Why? Because ignorants in large numbers can shape narratives. If Web3 in the eyes of many is associated with speculation, money laundering and destroying the environment – majority of investors and companies might stay away from it to avoid backlash from an angry mob. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1nt/general_concepts_web3_conarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/184p1n3/daily_crypto_discussion_november_27_2023_gmt0/).

CointestMod

#Web3 Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **HOW DOES IT WORK?** > > Probably the best example of Web3 that can be presented here (and I'm surprised no one has mentioned it so far) are [Reddit's Community Points](https://www.reddit.com/community-points/). > > Yes, Moons can be defined as part of Web3 revolution: > > **YOUR OWN PRIVATE PIECE OF THE INTERNET** > > What is the main purpose of Moons according to Reddit? They are supposed to give the control of subreddits to their communities – "[Community Points represent a way for Redditors to own a piece of their favorite communities](https://www.reddit.com/community-points/documentation/introduction)". If we are to believe the pure intentions of Reddit (in other words: if we are naïve enough to trust a big, profit-oriented company), they are making their platform decentralized and giving more power to users. Thanks to the Community Points, subreddits are to become independent of Reddit. > > And even if Community Points will never make subreddits fully independent, they have other advantages. Recently, r/cryptocurrency started renting its banner and offering AMAs for Moons. Companies and individuals who want to promote themselves on our subreddit, need to buy and burn Moons. Therefore, every redditor who is active on the sub and owns some Moons, can benefit from this in a tangible way. Having some financial incentive makes people care more about the sub (of course, some just want to exploit it for personal gain). > > This idea behind Community Points can be applied in a plethora of other online platforms. And it does not have to include a financial incentive to be successful. There are many other advantages that are directly connected to the technology on which Moons are built. > > **BENEFITS OF BLOCKCHAIN** > > Web3 tries to utilize the advantages of blockchain technology. Apart from already mentioned decentralization, Web3 websites and apps can offer their users complete **privacy**. When using e.g. Bitcoin to make a transaction, there is no need for a third party because blockchain is **trustless**. The same could be applied to virtually anything that functions online. For example, [Mastodon](https://en.wikipedia.org/wiki/Mastodon_(social_network)), a Web3 version of Twitter, is not owned by any company. Users are free to create their own instances (servers), with their own rules. Mastodon can't go bankrupt, it can't be sold and it can't be completely blocked by the government. And, most importantly, no left-wing or right-wing agenda (or a billionaire troll) can censor/cancel you there. > > What's more, Web3 platforms don't need your personal data. You can create a digital identity and stay completely anonymous. **Your personal information is safe** and cannot be collected and used by anyone ([for example to be sold to a consulting firm so it can influence elections in different countries](https://en.wikipedia.org/wiki/Facebook%E2%80%93Cambridge_Analytica_data_scandal)). > > And, last but not least, the rules cannot be changed without the consent of the majority. No one CEO or a board of rich assholes who want to get more rich can one day say: "We remove the dislike counter though no one ever asked for it" or "From now one we will charge money for something that previously was free". > > The rules are clear and they are written in an **open-source code** that anyone is free to inspect. So, if there is 21 million bitcoins written in the code, a Bitcoin CEO will never show up and say: "OK, let's remove the maximum cap" or "I need to make my own bitcoins more valuable, so tomorrow we remove 5 million randomly selected coins from circulation". Web3 apps are more transparent and much less susceptible to whims of a centralized organization or eccentric individuals. > > **CONCLUSION** > > In a world that is getting more and more dominated by the tech giants, we probably really should root for a Web3 revolution. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1s3/general_concepts_web3_proarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post.

According_Gazelle522

Thanks just joined $WEB

greatdane_c

This $WEB thing is going to be huge lol. I’m pretty sure they’re ahead of where $GROK was at this point.

HaxxenPirat

Bullish on $WEB, it's inevitable!

Bad_Hombre_P

# ABOUT $WEB **The new ERC meme token, Web $WEB, emerged from an accidental Twitter leak on Web.x.ai, coinciding with similar leaks at grok.x.ai and ide.x.ai. This occurred just before the public release of Grok and Promptide, two other tokens associated with Elon Musk's XAI initiative. While the $GROK and $PROMPTIDE tokens have seen significant growth, or "mooning," in the cryptocurrency market, $WEB is now being spotlighted as the next potential hidden gem. Notably, $WEB boasts features like zero tax on transactions, and its liquidity has been burned and renounced, indicating a more decentralized and user-driven approach. This new token is poised to attract attention in the crypto community, riding on the wave of its predecessors' success and the intrigue sparked by its unconventional introduction to the market.** 11/13 token launched. still undetermined when Elon will make his announcment. This token is based on front running $web eventual release. ​ Contract : 0x2b81945875f892aff04af0a298d35fb2cf848c7b ​ [Web-x-ai price today, WEB to USD live price, marketcap and chart | CoinMarketCap](https://coinmarketcap.com/currencies/web-x-ai/)

CointestMod

#Web3 Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Web3 Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **WHAT IS WEB3?** > > The term "Web3" (or, actually, Web 3.0) was coined by Gavin Wood in 2014. He described its four main concepts (static content publication, dynamic messages, trustless transactions and an integrated user-interface) in [this post](https://gavwood.com/web3lt.html). Gavin is one of the biggest names in the cryptocurrency industry, as he is the creator of Polkadot and he was one of the founders of Ethereum. In his opinion, Web3 is going to change how the Internet works by making it "truly decentralized and more democratic". > > **HOW DOES IT WORK?** > > Probably the best example of Web3 that can be presented here (and I'm surprised no one has mentioned it so far) are [Reddit's Community Points](https://www.reddit.com/community-points/). > > Yes, Moons can be defined as part of Web3 revolution: > > **YOUR OWN PRIVATE PIECE OF THE INTERNET** > > What is the main purpose of Moons according to Reddit? They are supposed to give the control of subreddits to their communities – "[Community Points represent a way for Redditors to own a piece of their favorite communities](https://www.reddit.com/community-points/documentation/introduction)". If we are to believe the pure intentions of Reddit (in other words: if we are naïve enough to trust a big, profit-oriented company), they are making their platform decentralized and giving more power to users. Thanks to the Community Points, subreddits are to become independent of Reddit. > > And even if Community Points will never make subreddits fully independent, they have other advantages. Recently, r/cryptocurrency started renting its banner and offering AMAs for Moons. Companies and individuals who want to promote themselves on our subreddit, need to buy and burn Moons. Therefore, every redditor who is active on the sub and owns some Moons, can benefit from this in a tangible way. Having some financial incentive makes people care more about the sub (of course, some just want to exploit it for personal gain). > > This idea behind Community Points can be applied in a plethora of other online platforms. And it does not have to include a financial incentive to be successful. There are many other advantages that are directly connected to the technology on which Moons are built. > > **BENEFITS OF BLOCKCHAIN** > > Web3 tries to utilize the advantages of blockchain technology. Apart from already mentioned decentralization, Web3 websites and apps can offer their users complete **privacy**. When using e.g. Bitcoin to make a transaction, there is no need for a third party because blockchain is **trustless**. The same could be applied to virtually anything that functions online. For example, [Mastodon](https://en.wikipedia.org/wiki/Mastodon_(social_network)), a Web3 version of Twitter, is not owned by any company. Users are free to create their own instances (servers), with their own rules. Mastodon can't go bankrupt, it can't be sold and it can't be completely blocked by the government. And, most importantly, no left-wing or right-wing agenda (or a billionaire troll) can censor/cancel you there. > > What's more, Web3 platforms don't need your personal data. You can create a digital identity and stay completely anonymous. **Your personal information is safe** and cannot be collected and used by anyone ([for example to be sold to a consulting firm so it can influence elections in different countries](https://en.wikipedia.org/wiki/Facebook%E2%80%93Cambridge_Analytica_data_scandal)). > > And, last but not least, the rules cannot be changed without the consent of the majority. No one CEO or a board of rich assholes who want to get more rich can one day say: "We remove the dislike counter though no one ever asked for it" or "From now one we will charge money for something that previously was free". > > The rules are clear and they are written in an **open-source code** that anyone is free to inspect. So, if there is 21 million bitcoins written in the code, a Bitcoin CEO will never show up and say: "OK, let's remove the maximum cap" or "I need to make my own bitcoins more valuable, so tomorrow we remove 5 million randomly selected coins from circulation". Web3 apps are more transparent and much less susceptible to whims of a centralized organization or eccentric individuals. > > **CONCLUSION** > > In a world that is getting more and more dominated by the tech giants, we probably really should root for a Web3 revolution. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1s3/general_concepts_web3_proarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post.

jtswizzy20

It's pretty obvious at this point that WEB is the next big thing elon is working on. Direct competition to Google IMO

dollar_man10

The Hallmark and roadmap is fascinating and got me thinking about it astonishing spike See you there guy @racekingdom_io $ATOZ #METAVERSE #NFT #GAME #WEB3

Victo1990king

Be sure not to miss out on $ATOZ as it will be listed on #DigiFinex With trading time Sept 13, 2022 7:00UTC To Trade on bit.ly/3TUmtPb You can DYOR 👇 racekingdom.io #ATOZ #METAVERSE #NFT #GAME #WEB3

yeeatty

-jack dorsey- “bitcoin is on WEB 5!” -snoop dawg- “bitch I’m on WEB 420, stfu”

HodlOnToYourButts

~~WEB3~~ [Internet2](https://imgflip.com/i/6sb9n4) https://github.com/internet2-wg

NannetteRowse

Providing a frictionless experience into WEB3, accessible to anyone is $3AIR.

NannetteRowse

Providing a frictionless experience into WEB3, accessible to anyone is $3AIR.

R1skM4tr1x

SDLC, psh, WEB3 motherfucker we don’t need no guardrails or compliance!

Castr0-

WEB3 garden is not a bad idea. Everyone remember farm ville?

Kahrahtay123

“XRP Price Prediction 2030 The XRP Ripple price prediction for 2030 is $10.67. XRP’s future is bright, driven by mass adoption from many investors who bring considerable gain to the platform. The future of WEB 3 is coming, and the crypto world is set to earn extensive—the XRP price range from $10.39 to $12.32.” I would love to see it happen, i always loved Xrp as it got me into crypto. And always put 20% into it.

reddito321

Can't wait to be scammed in WEB3.0!

reddito321

Reddit is quietly and legitimately bringing NFTs and WEB3.0 shit to everyone, without promising miracles and such as other players in the market

Better-Opposite-8051

You should try the WEB Auth wallet. Soon they are adding a dex with trading directly from the wallet. https://webauth.com/start. 20 dollars for fiat on with smaller transaction fiat on system released in the future. They are securing the point of hacks that occurred in blockchain technology which are the bridges.

8bitb4rt

Solana is so fast and cheap that it feels like WEB2. Phantom wallet is also one of the very best imo. It feels like the most intuitive user experience and that is bullish AF. great write up for the strengths and weaknesses of SOL.

CartographerWorth649

I agree and much is happening on the space with more oracles on the space such as LINK, DIA, BAND or more ways to bundle data as Ocean protocol does turning it into NFTs and making it monetizable! LFG WEB3!

GajaSabac

The Ocean is like an Icebreaker, pushing into new fields all the time and clearing the road for other WEB3 projects to evolve. I just hope people will realize this and put some more support into this glorious project.

Castr0-

WEB3 can't say that don't had the funds to make it happen.

Castr0-

WEB3 will be amazing. Can't wait for this to be mainstream

reddito321

The fourth is how blatantly the term WEB3.0 has been used and promised as the next big thing. It's just a buzzword.

Successful-Driver722

FOR WEB 3 see World Economic Blitzkrieg part 3

reddito321

“WEB3.0” is the new “Machine Learning” of buzzwords

elizyra

🔥🏞ATLAS 🏞🔥 World’s First Metaverse Project formerly known as Petoverse. ✅Pinksale KYC ✅Income ✅10,000% APY & 500% ✅Atlas Vault Rewards. ✅Atlas-Super App ✅WEB3 🔐10 years 👀 Massive Marketing. 🌐 theatlascoin.io Channel- @theatlascoinnews TG - @petoverse

Monster_Chief17

Crypto is here to stay but not all of it will survive. After working in the industry for almost 6 yars now I realized that companies will have a hard time surviving unless they offer some intermediary service. WEB 3 is a hostile environment for capitalistic ideas and most "crypto" companies try to ignore that. Over time most of them will burn out or go bankrupt but the general idea of crypto and truly decentralized networks will wiggle out of the crowd and take on a life of their own.

reddito321

WEB3 isn't even a thing yet and there are people already "leading" it

1m-n0t-4-b0t

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Castr0-

Interesting to see that people overall believe in WEB3 /s

vilnitskiy

From my understanding, the simplest definition of WEB3 - is a company that uses crypto technologies at the core of its business model.

XBB32

Can someone give me a real and honest definition of WEB3? Because all I see, is startups crowdfunded through crypto... And most of them have VCs behind.

giraffe_life

this isnt fantasy land or make believe...this is the real world of WEB3....literally right in front of all of your faces...but i guess its so big you cant even see it yet

Master-Garage-8644

There are certain countries which allow you to exchange your USDT or USDC in exchange office for fiat money, and if somebody sends you these stable coins you can immediately cash it out while sender pays only 1$ fee for this to come to your wallet and you pay 1$ to get it to exchange office's wallet. Transaction lasts less than 10 minutes and doesn't matter if you send 20$ or 20000$ fee is the same. All addresses are pseudo-anonymous if they are not from CEX-es. You should read about what are ETH,DOT and Polygon matic trying to do with WEB 3 and what are project's like Cardano are trying to do for real life use cases(for example in Africa). BTC is best store of value there is at the moment and most secure crypto investment. DYOR Ship might or might not sink in the future but BTC will be afloat not only comparing to rest of crypto market but comparing to everything there is. You should try to google and find the BTC halving plan and how much of BTC will be rewarded for example in year 2050 or so to realize how wrong are people for doubting BTC right now. Defi and smart contracts actually allows holders of crypto to take crypto backed loan(with their own coins) and do what they need with the chance of not losing their coins in case they return the money on time. You are probably American or western European since you guys don't value such things that crypto technology provides for milions or even bilions of people who don't have access to things which you take for granted and view them as normal. DYOR is the best solution if you want to know more.

Castr0-

More web3 projects will come as the tech have more time. Excited to use WEB3

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SaintBiggusDickus

> As of the > end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency. Conversions in Q2 > added $936M of cash to our balance sheet. Link to the [pdf](https://tesla-cdn.thron.com/delivery/public/document/tesla/abc3824a-2111-4551-b957-d69b9ad97b35/S1dbei4/WEB/tsla-q2-22-update)

osteosigq

WEB 3 is all about decentralization and this innovation would be supported by the blockchain tech which makes it more interesting and the new entrants would have their existing social media to connect to a crypto identity in web 3 seamlessly.

Trans-on-trans

I like how you mentioned WEB3. That's a very good use-case since Gavin Wood is heading the Foundation.

SlaveOfTheOwner

I like to see DOT as the reserve currency for WEB3. Once Parachain messaging is fully mature DOT will flood out of the Relay chain and into Parachains. Don’t forget forkeless upgrades will ensure, as a piece of infrastructure, the ecosystem will be in a constant state of evolution.

Castr0-

WEB3 will get more support as time pass. I think a good thing will come.

n1ghsthade

WEB3 will breakout

thatgoodfeelin

WEB 6 - same, just bigger

Corp-Por

WEB 5 - AI browses its own self-generated content, entertaining itself with memes for all eternity

ai_haibara_enjoyer

WEB 4 - you can now browse the interner through a microchip installed in your brain, black mirror style.

cyberslick188

>Cutting out the huge percentage of ad revenue Facebook, YouTube takes and giving 100% of the revenue to the creators. Typical crypto bro nonsense. Instead of having Tide advertise dish detergent on boring old Facebook WEB2.0, ***now*** you have the creator, Tide, airdropped dish detergent "content" in the new Web3 metaverse. Whooo boy, I cannot wait for this boring dystopia.

GajaSabac

WEB3 and DataFi are the future of crypto. My favorite GEMs are the Ocean and the DIA, leading projects on WEB3 IMO.

boom2496

I’m going to post this in the general thread in addition to a reply, and I hope anyone that may not be aware reads and takes it to heart. YOUR INFO IS FOR SALE ON THE DARK WEB. Phone numbers Current and former email addresses Current and former physical addresses Current and former passwords Social media accounts Pictures of you- likely ones you posted to your social media accounts Pet names Your kid’s names Etc, etc. Accept it and plan accordingly. They want your stuff, and they are going to get it if you don’t take action.

jetomics

There's no WEB 3 in 2020. We are still at the WEB 2.5 early stage development.

LitesLiger

Its negative response, because Most of reddit are tech illiterate, even people in this subreddit too (Don't take it as offense, we all started somewhere - even me). - Every platform/influencer who has conducted hit pieces on NFT's or general FUD/Negative sentiment never have actually engaged in debates regarding this subject. So its easy to look when you get to represent your story without it being challenged (Looking at legacy gaming media and legacy finance media). Not only this these people are unwilling to go on debates in order to keep their narratives up. WEB2 don't want to lose their revenue streams and control, so that's why they keep attacking Web3 with everything they got. Based on what I initially read, these are not even meeting bare standards what NFT is. Having all the downsides without any upsides.

alexislindseytrever

The potential of WEB 3 in terms of users' security and privacy is huge, imagine a system in which your data is completely secure, and you are the only one who has access to it. No more worrying about identity theft, or having your personal information leaked. WEB 3 could make all of that a thing of the past.

Castr0-

I wouldn't say that because everything in this world is somehow connected. WEB3.0 indirectly or directly will benefit crypto no doubt.

MilesPower

This is legitimately the first time i've heard this too and been around since Mt.Gox. Usually they just reel off shilling terms about the protocol and why THIS COIN is different, except I heard the same shit over and over during the last bullrun: STAKING, 20% APR, DEFI, DEX, DAO, WEB3, NFT MARKETPLACE, DOXXED TEAM, FAIR DISTRIBUTION, ROAD MAP etc etc etc. How people think we need thousands of different NFT marketplaces or Dexes is beyond me but people lap that shit up.

DrPechanko

comedy: ETH has had more than 7 million dollars in losses do to failed transactions and gas fees THIS year alone, meanwhile everyones coins are stuck in beacon chain prison until they get their head out of their ass and merge to proof of stake. The comedy is that ETH maxis still think that ETH is the future of WEB 3.

lU2eOzqK7EF9qk3w

Blockchain technologies wont be going anywhere, lets see what WEB 3.0 really brings

richard_kayfetz

But, I am not at all clear about the fact that how would WEB 3.0 gonna change this

gregor0817

That's what I am confused as well, I cant relate blockchain with WEB 3.0

AadamAtomic

Imagin veno and cashapp were connected to WEB3. NOW reddit could access that API and we could use Venmo chain or cashapp Chain on Reddit! I could send you money on reddit, or I could commission an art piece from r/art and know the NFT portrait of myself in an epic post apocolyptic armor will been received 100% guaranteed once I pay them. No banks are required and no one can tell me not to send $5 to the redditor in a 3rd world country and pay their rent. That's some benefits of Decentralization.

marketingonline1979

Will PayPal going to use WEB.3?

MilesPower

Web3.0 and Defi were this cycle's smartcontract ICO mania. Same shit with a different name. There is no reason everything needs to be tokenized. There is no reason everything needs to be decentralised or on a blockchain. The vast majority of services run just fine the way they are and an even larger proportion of people simply do not care to have things any other way. But the shitcoin pumpers and dumpers, the rugpuller extraordinaires had to think up a new way to scam money out of people so this was it. WEB 3.0! TAKE BACK CONTROOOOOOL Everything has a blockchain, everything has a token and you need a different token to decide who gets those tokens and you actually need a third token to trade the other two tokens and for what? It's a convoluted mess designed to steal money from people who like buzzwords. /rant

UncleSlippyFist

Yeah my interest comes and goes. And this topic has a lot going on: finances, social psychology, scams, internet tech, art, etc. Not to mention it's proposed as THE FUTURE OF WEB so it's interesting to see what sticks and what doesn't as time goes on.

randysailer

The next big thing is having multiple blockchains all with different use cases running on a single blockchain thats what WEB3 is a web of blockchains .

JeebusBuiltMyHotRod

Maybe not the greatest spokesperson for WEB3

DigitalInvestments2

The most impactful WEB3 technology is the internet computer. It allows all websites and dapps to run on top of the blockchain. It decentralizes the internet.

randysailer

I think Gavin Wood is the most important. He gave us Ethereum Solo built the first version by himself. He gave us the concept of WEB3 to build. And now he's built a blockchain that doesn't need to use bridges for interoperability where people are losing 100s of millions $ every single day this bullrun. He's the Satoshi Nakamoto of WEB 3.

BredeSkapstroppen

Steam is nowhere near......they are their own closed ecosystem entirely. Blockchain takes that control away from centralized exchanges and hands it to the DEX-users. Instead of you having your bling-CS-knife-skin in your Steam account, you actually have it on the blockchain (in your wallet). So if you want to trade it or lease it, you can. And every one of them will be unique, so say that some bigtime gamer wins a big tourney with a particular gun, he can actually sell that spesific weapon. Collectibles from Esports will be huge if this potential is realized. The whole concept of WEB3 is to bring control of all assets and the web itself back to the users. Decentralize and empower individual ownership and control. As of right now the web and its content is controlled by corpo's.....WEB3 is an attempt counter the damage done over the last 20 years where Meta, Apple, Microsoft ++ have become owners of too much information, without any control or consequence. These firms are probably the biggest threat to the leftovers of the free internet. They want you do give them you information for free, and Web3 wants you to control that information.

Marmaluke420

Its gonna be a Painful transisiton to WEB3... https://www.reddit.com/r/altcoin\_news/comments/vbm8ur/how\_to\_build\_in\_a\_bear\_market\_w\_kounotori\_token/

Marmaluke420

Its gonna be a whole new WEB 3.0 had to wipe out the old.... https://www.reddit.com/r/altcoin\_news/comments/vbm8ur/how\_to\_build\_in\_a\_bear\_market\_w\_kounotori\_token/

Bet-Scary

I can see the reality being more fragmented than people assumed. Eth maxis have been smug about thinking web3 will be ‘the one’ meanwhile other networks rightly pointed out that “WEB3” is literally nothing more than a trademark of the Eth foundation and is not a protocol like HTML was to the internet. I would bet that “WEB5” is also a trademark. Everyone wants to trademark what they see as crypto’s answer to what HTML/HTTP was for the internet. In reality there will be many as the current internet will remain as ‘the connector’ of all sorts of various protocols and there will be a huge array of bridges been all the different protocols without need for a standardisation “everyone must use web3/5”.