this post was submitted on 12 Jun 2023
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I think this decentralization and federation is what web3 is all about, without all the corporations calling everything to do with monkey pixel art that costs a million dollars "web3"

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[โ€“] fubo@lemmy.world 52 points 1 year ago* (last edited 1 year ago) (26 children)

What we're seeing here seems more like a restoration of the architecture of pre-web Internet services, like SMTP, NNTP, or IRC.

The protocols are built on top of HTTPS and JSON as a session layer, rather than on lines of ASCII as in those classic protocols ... but the architecture looks a lot more like "a bunch of servers under independent administration, that agree to share messages with each other in a network" than like anything with the stink of blockchains on it.

[โ€“] anders@rytter.me 10 points 1 year ago (18 children)

@kiriakos @fubo Blockchain is also a cool technology I think but I don't think it's so well suited for social networks because any node needs to store all the data so it becomes quite heavy with time. Blockchain is better suited for financial transactions which it does really well in my opinion.

[โ€“] anders@rytter.me 3 points 1 year ago (15 children)

@kiriakos @fubo One thing I think a platform like #Peertube needs to solve, which #LBRY does (because it uses a blockchain) is the financial incentive for content creators without ads because right now you can't really make money on Peertube. On LBRY you can because it features its own currency and on #Youtube of course but this is using ads. This is one of the advantages to using a blockchain. However LBRY's torrent like protocol for sharing video data is very slow and buggy which incentives the centralisation around odysee. The idea behind the project is great but not that well in practice if they don't make the protocol faster.

[โ€“] Mustafa_Kulle@mastodon.social 1 points 1 year ago (1 children)

@anders

As much as I like the idea of creating an incentive to make money by making videos, it's not good in practice. Youtube's quality has plummeted ever since it introduced adverts, content creators keep making videos with non content for the sake of it, on top of that, desperate sponsorships, which is irritating.

#Odysee uses blockchain but it is still in its infancy. It needs more time and money to be invested in it in order to grow. Right now there is no proper way to buy LBC credits.

[โ€“] anders@rytter.me 1 points 1 year ago (1 children)

@Mustafa_Kulle
True. Trading LBC could maybe be made more easy. As far as I know you have to buy or sell them on crypto exchanges at the moment which can be complicated for some.

[โ€“] Mustafa_Kulle@mastodon.social 1 points 1 year ago (1 children)

@anders

Yes. That is exactly the problem.
When I want to boost content on #Odysee I simply want to go to a credits page, buy them using a debit/ credit card and boost it.

At the moment, when you go to their FAQ pages, you will find there is no straight forward method to buy LBRY credits to boost your content. Which is annoying.

https://help.odysee.tv/category-wallet/balances/#lbc-boosting-content

I'm hoping it will get there someday. All we need is #patience

[โ€“] anders@rytter.me 1 points 1 year ago (1 children)

@Mustafa_Kulle
Indeed. Hopefully they will improve. Or someone else will do it better in the future.

@anders

Hell yeah. Whoever that "someone else" may be, I am definitely willing to give it a try.

#New #Tech is worth #fighting for. \m/

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