Web 5.0 Discussion Thread.

[Pusang Gala]

So, just saw this on twitter. Feel free to drop your opinions.

 

[Andreas B.]

Strange that some people, who don't like web5 and hold no domains in it,
filled this thread up with trash & pollution,
are still very interested in commenting here....

Whatever ;

 

[alcy]

Strange that some people, who don't like web5 and hold no domains in it,
filled this thread up with trash & pollution,
are still very interested in commenting here....

Whatever ;

yea people like u... we know

 

[DN Playbook]

Indeed. Lots of pollution. Remember folks, hand registering alone is not investing.

 

[bmugford]

Strange that some people, who don't like web5 and hold no domains in it,
filled this thread up with trash & pollution,
are still very interested in commenting here....

Whatever ;

Yeah, everyone must be jealous of the 130+ hand regged domains being spammed for sale in a non-existent field at the moment.

If Web 5 ever is actually a thing, a handful of terms might be valuable. Every random term in every extension won't be.

Brad

 

[NameFu]

So let me get this straight. Web5 isn't a new standard or iteration of the web, but is instead an actual project from Jack Dorsey, yet everyone here is treating it like it's a new standard anyway, by regging Web5 domains???

 

[Adriot]

Then it obvious you dont understand Web3

 

[NameFu]

Then it obvious you dont understand Web3

Is it a project by Jack Dorsey or a new standard or vision for the web? It looks to me like it's only a project by Jack Dorsey. Please correct me if I'm wrong, because this looks as STUPID as regging Twitter domains to me. I am just trying to understand here. All I'm reading is about a project named Web5 that is advancing decentralized identity, which is extremely limited compared to what Web3 is supposed to be about, if I understand correctly.

 

[Andreas B.]

Is it a project by Jack Dorsey or a new standard or vision for the web? It looks to me like it's only a project by Jack Dorsey. Please correct me if I'm wrong, because this looks as STUPID as regging Twitter domains to me. I am just trying to understand here. All I'm reading is about a project named Web5 that is advancing decentralized identity, which is extremely limited compared to what Web3 is supposed to be about, if I understand correctly.

yeah,
web3 is quite limited when it comes to decentralization, compared to web5.

TBD, I think a company where Dorsey is CEO, is developing it, that is correct.

However, it is fully open source - so it is not a VC project or anything a like; it is a community project, where other developers can participate with fully.

Initially, it was developed by a team over at microsoft.
Some of the lead developers switched over to TBD.

There is not much to explain about the idea of web5:
It is solely based on btc, which is the most decentralized chain out there
(as it uses Proof of Work, other than most other coins which use Proof of Stake, and which tends to become more centralized over time).

With web5 you'll be able to fully anonymously login into websites like facebook, youtube etc.
Your data will not be stored on centralized servers any more,
hence no one collects it, there is no personalized advertisement, aso.
You keep your password completely for yourself.

It will take some time until some projects will emerge using web5, as they just started now.

But, as far as I know, big companies, which already use onion links (for ex. facebook or google),
will for sure think about giving users the ability to sign up via web5.

As: The main question is, what will be the first web5 style facebook, youtube, google etc.

 

[NameFu]

yeah,
web3 is quite limited when it comes to decentralization, compared to web5.

TBD, I think a company where Dorsey is CEO, is developing it, that is correct.

However, it is fully open source - so it is not a VC project or anything a like; it is a community project, where other developers can participate with fully.

Initially, it was developed by a team over at microsoft.
Some of the lead developers switched over to TBD.

There is not much to explain about the idea of web5:
It is solely based on btc, which is the most decentralized chain out there
(as it uses Proof of Work, other than most other coins which use Proof of Stake, and which tends to become more centralized over time).

With web5 you'll be able to fully anonymously login into websites like facebook, youtube etc.
Your data will not be stored on centralized servers any more,
hence no one collects it, there is no personalized advertisement, aso.
You keep your password completely for yourself.

It will take some time until some projects will emerge using web5, as they just started now.

But, as far as I know, big companies, which already use onion links (for ex. facebook or google),
will for sure think about giving users the ability to sign up via web5.

As: The main question is, what will be the first web5 style facebook, youtube, google etc.

Thanks... And coming back to domains (because this is a domain forum) given that web5 is the name of a project, wouldn't that mean that it's not the same as regging web3 domains? Is regging web5 domains the equivalent to regging the name of any other institution? Where's the money in that??

And even if web5 were a standard (it is not) instead of the name of a project, isn't it's use case a tiny bit too narrow to justify regging all these domains?

Decentralized ID is a tiny industry that isn't going to affect the way the web works in a profound way. It's probably not going to give rise to new industries like Web3. But regardless, it's the name of a project not a web standard like web3

Is it just me or does this thread look like another money toilet?

 

[Andreas B.]

Thanks... And coming back to domains (because this is a domain forum) given that web5 is the name of a project, wouldn't that mean that it's not the same as regging web3 domains? Is regging web5 domains the equivalent to regging the name of any other institution? Where's the money in that??

And even if web5 were a standard (it is not) instead of the name of a project, isn't it's use case a tiny bit too narrow to justify regging all these domains?

Decentralized ID is a tiny industry that isn't going to affect the way the web works in a profound way. It's probably not going to give rise to new industries like Web3. But regardless, it's the name of a project not a web standard like web3

Is it just me or does this thread look like another money toilet?

you wish it would be like that, right?!

No.
web5 is the elite version for a real decentralized internet, other than web3 (which , technically, cannot make it to this max).
Yes, web5 is a 'project' as you call it, but
a) it is open source - you can add or modify anything, you can grab and built upon it
b) it depends on btc, which is by nature (max.) decentralized and not ruled / governed by anyone other than all users together
c) it is a fantastic idea

Web3 as common term is just another word for metaverse, that's right.
web5 is about to become its own niche for security, anonymousy, ID verification upon user login and max. decentralization.

Maybe you or others don't like it, but that's how it evolves right now.

 

[Andreas B.]

and just btw:
It is a non profit / not governd / no VC layer upon another non profit / not governd / no VC basis.

The basis is btc, which is decentralized and not overtakeable.
Look at the story of btc cash, where major players wanted to change the way btc works - and could not achieve it, as the community didn't want to.
(it's "immutable")

The layer is web5, which is also not governd and free to access without any restrictions.

That's actually the perfect setup, and users who are fans of either bitcoin or decentralization should be very thankful about it.

However, yes, atm it is a niche.
We don't know yet how big it might get.

 

[Adriot]

Is it a project by Jack Dorsey or a new standard or vision for the web? It looks to me like it's only a project by Jack Dorsey. Please correct me if I'm wrong, because this looks as STUPID as regging Twitter domains to me. I am just trying to understand here. All I'm reading is about a project named Web5 that is advancing decentralized identity, which is extremely limited compared to what Web3 is supposed to be about, if I understand correctly.

what you should know is that.. For every new standard for the internet.. there will always be one first company that will lead and take the first shot.. then others will follow. Web5 is d future of tech..

Web5 is a strong vision to reclaim our identities, protect personal privacy and defend against the bots

 

[LiamWallace]

Can't seem to understand why folks keep trying to explain.

When the web5 sales start pouring in, the naysayers will regret the missed opportunity. And if the sales don't come through, well it is what is ain't it?

 

[-EM-]

I don't do assumptions. Why would you assume that everyone is wasting their hard-earned money in the first place?

99.9% of domain regs are a waste of money. So yes, it is very understandable that almost everyone is wasting money (generally speaking).

 

[Adriot]

99.9% of domain regs are a waste of money. So yes, it is very understandable that almost everyone is wasting money (generally speaking).

Thanks i will not want to regret not wasting my money on good Web5 name. That will be hurt

 

[sellian]

99.9% of domain regs are a waste of money. So yes, it is very understandable that almost everyone is wasting money (generally speaking).

I agree. I just have a problem with the assumption that all money is “hard-earned“.

 

[sellian]

99.9% of domain regs are a waste of money. So yes, it is very understandable that almost everyone is wasting money (generally speaking).

If you know what you are doing you can still make a killing regging domains. There are plenty of people here on NP doing exactly that.

 

[End User King]

I had 1 offer on web5. Web5mag.xyz compared to web3 where I have 26 sales this year. Web3 is obviously the better network effect play.

 

[Adriot]

I had 1 offer on web5. Web5mag.xyz compared to web3 where I have 26 sales this year. Web3 is obviously the better network effect play.

Web5 is still much new.. So dont expect anything soon.. And also some keywords wont fly because they are not just relate to the trend. You cant reg Web5shoe, Web5cloth and be expecting offer.

 

[sellian]

This one could be related to web5, or could just be a brandable name for a casino

Fifth // Casino (.) com