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It's actually very hard to develop a real app in smart contracts. We're missing the ability to store private data. Tooling is highly lacking for anything beyond deploying a simple 100 line NFT contract. As soon as these problems are solved, we'll start to see some traditional applications rebuilt in a way that gives users ownership of their own data.
That's the goal of web3 to me, not specifically the exact implementation of whether we're on a blockchain or doing peer to peer file storage. Web3 means I have all the rights to my data, and ideally, applications can live on beyond their creators.
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[EDIT - strike the incorrect "yearly" from the "fees paid" statement]
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But honestly, what is the strategy here?
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(a) technologists break free of control and invent libertarian paradise (b) criminals and other bad actors flock there (c) governments create laws and regulations that make it either illegal or practically so inconvenient to operate such services that nobody can do it any more
In practical terms, what exact plan do they have when Web3 becomes a giant cess pool of child porn and underground illegal gambling and drug trading? Do they really think governments are going to say "Oh well we can't do anything about these 'unstoppable' domains so I guess child porn is ok now?".
Do they understand that the inevitable actions taken by government to regain control will end up over-reaching - almost by definition. The more resistent the libertarian paradise is to control, the more blunt and severe the response is going to be in regaining it.
The worst thing is, when the over-reach happens, it doesn't just affect thelibertarians; it wrecks every other valid use of the technology. Witness the sun setting on legal encryption as governments steadily outlaw it around the world.
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>a secure and privacy-centric browser that allows you to explore the Internet without being tracked
But you can find info on Brave's in-browser analytics: https://brave.com/privacy-preserving-product-analytics-p3a/
And you can find out how the Brave browser itself tracks the ads it shows you, while providing aggregated info to Brave's advertising engine: https://brave.com/intro-to-brave-ads/
Brave appears to have simply replaced other tracking with itself, even if they claim to use aggregation to provide anonymity. To be clear, the Brave browser tracks you in multiple ways, claiming to do this in a privacy preserving way.
If you are not into crypto, and buying into Web3, then I have no idea why you'd use Brave.
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My irony meter exploded
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Really sad to see so much energy put into this space. Out of all the web3 use cases, maybe 5% at the most are truly useful to have on the blockchain, while the rest are just databases wearing blockchain clothing. The really useful cases probably aren't as valuable as selling a landgrab, however.