- This topic has 19 replies, 2 voices, and was last updated 8 months ago by freedom_from_factism.
- Friday, April 1st, 2022 at 04:21 #206415tldrthestoryofmylifeParticipant
Maybe the people claiming we’re still early don’t know shit about fuck, but the people claiming we’re not early anymore **also** don’t know shit about fuck. Anyone who says we’re not early has no idea how the financial system actually works and how tech has influenced it over the years.
Here’s what I see as the history of the internet:
We’re balancing our checkbooks on pen and paper, and the bank is pretty much a place with guns and concrete (theoretically) for people to store their paper cash. In this day and age, we know that this is obviously centralized and subject to manipulation by certain actors in the system.
We first invent TCP/UDP as foundational internet protocols, and come up with some scheme for a HTML/CSS website to use it to talk to a database; the websites are pretty much just text and JPEGs, maybe some Flash content. All of this stuff runs on mainframes hosted by individual companies on-premise, where the IT guys can debug.
We figure out how virtual machines work, i.e., how people can split computers into smaller computers that are isolated from each other, and Amazon uses the technology to launch Amazon Web Svcs. (AWS). The advantage now is that a developer doesn’t have to plug in servers; they can just log into the web UI and spawn 10,000 virtual machines that have 99.99% guaranteed uptime! Need to store your files securely? No problem! We’ll use Amazon S3, which is kinda like Dropbox, except for developers, and has 99.999999999% SLA for uptime; in other words, the service is down for at most 0.0000000001% of the time!
An evolved model of this is that you don’t even need to pay for the computer, but only pay for the service you’re using depending on how often you use it. For example, you can run a network between your computers and only pay for the amount of traffic that they send to each other; combine this with a database-as-a-service (DBaaS), which automatically adds more computers as more people start using your application, and you have significantly lower costs for development than in Web 1.
BTC, Ethereum, Polkadot, Polygon, Solana, Avalanche, Algorand, Cardano… We know the story…
This whole narrative relies heavily on the cost of using tech and interacting with the *digital economy* going down. In Web 2, tech giants like Amazon and Microsoft were essentially defined by their ability to provide a complete ecosystem for you to do anything you can imagine with a computer without ever having to interact with more than 1-3 physical computing devices. Now, Web 3 allows us to transact and build what was previously thought of as a sovereign state from the ground up in a digital economy, and the wealth in Web 3 is decentralized by design.
It’s going to take 25-50 years for this to play out, IMO; we still haven’t even seen Web 1 & 2 play out completely yet; remember that the US banks are largely on (Web 1)-style mainframe servers, and that there are systems in places like Africa where even Web 1 isn’t yet the norm.
**TL;DR:** Keep stacking your bags with whatever you believe in, we’re still earlyFriday, April 1st, 2022 at 04:21 #206425Odlavso
![gif](giphy|woJlNgTBqE0beO83FZ|downsized)Friday, April 1st, 2022 at 04:21 #206434freedom_from_factism
I believe in the end of current civilization by 20 years.Friday, April 1st, 2022 at 04:21 #206433BoomeRoiD
Global Economic Collapse.Friday, April 1st, 2022 at 04:21 #206432llrik11
we’re still late.Friday, April 1st, 2022 at 04:21 #206431Titozar13
I think all the cryptospace is really early at this momment. I don’t know if we are still early, but we know right now much more than a lot of people and that’s the difference.Friday, April 1st, 2022 at 04:21 #206430wheelzoffortune
Now THIS is hopium I can useFriday, April 1st, 2022 at 04:21 #206429fixerdrew02
Im more interested in Web 69Friday, April 1st, 2022 at 04:21 #206428Wonzky
Okay that’s a bit too much hopium even for meFriday, April 1st, 2022 at 04:21 #206427deathbyfish13
All this web3 talk is yesterday’s news. Web4 is where it’s at and we’re definitely still early to that lolFriday, April 1st, 2022 at 04:21 #206426Financial-Reward-949
Good write up and totally agreed!! HODLFriday, April 1st, 2022 at 04:21 #206424Ateam043
The question is will we be alive in 25-50 years?Friday, April 1st, 2022 at 04:21 #206423Nebse432
BullishFriday, April 1st, 2022 at 04:21 #206422BeardedMaker
Hoping to retire sooner than 25-50 years… like, 10 MAX.Friday, April 1st, 2022 at 04:21 #206421Unfortunatedude
Every dollar spent will be a laughably large return in 5-10 years. You think 30% is a lot? Haha.. Try 3000%. Napster AF.Friday, April 1st, 2022 at 04:21 #206420No-Rub7247
When did this place turn into WSB?Friday, April 1st, 2022 at 04:21 #206419wustenratte6d
You’re mixing lots of things together into this stew that aren’t necessarily compatible or directly related.Friday, April 1st, 2022 at 04:21 #206418TruthSeeekeer
This is hopium stretchedFriday, April 1st, 2022 at 04:21 #206417surrender_the_juice
![gif](giphy|92wH9E5FNKtqVMPapQ)Friday, April 1st, 2022 at 04:21 #206416tigdingle
Damn, sometimes I’m just awestruck by the baroque idiocy of this sub. This is like… the Sistine Chapel of stupid.
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