Building In Web3
This is something that I have discussed in a round-about way. In this video I go a bit deeper into why we need to focus upon building in Web3 and not just talking about it.
We see a lot of people trying to pull the masses over to Web 3, ignoring the fact there are not going to be many applications without databases. This is a central part of the Internet.
▶️ 3Speak
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I think this is a very important topic for the future of Hive and Web3 as a whole. I can see your point of developing applications and databases in Web3 as important, but I can also see how getting mass adoption is important. I can see it as like a chicken and the egg situation. If we get mass adoption without databases, then they will leave. If we build these databases but don't get much users, then we are bleeding funds. I think it would be great if we can work on it at the same time.
We need more dev talk. I have a laundry list of apps that need to happen now.
Summary:
In this video, Task discusses the concept of building in Web 3, emphasizing the importance of databases in the internet landscape. He highlights the necessity of populating decentralized databases with relevant information to facilitate the shift to Web 3. Task points out the significance of Hive as a blockchain that serves as a decentralized text database and encourages individuals to consider building databases on Web 3 platforms. He reflects on the current limitations of existing databases on platforms like Hive and urges a shift in mindset towards more effective data storage and accessibility in Web 3.
Detailed Article:
Task begins by clarifying the misconception that building in Web 3 necessarily involves coding. He stresses the prevalence of databases across the internet, underlining that data storage is foundational to online platforms. Task explains that while technical expertise is valuable for app development, building within Web 3 encompasses more than just coding.
He uses examples like Wikipedia, Spotify, and YouTube to illustrate how websites function as databases of information. Task delves into the significance of decentralized databases in Web 3, prompting viewers to consider what type of information can be stored and accessed on these platforms.
Task pivots to discussing Hive as a standout blockchain due to its functionality as a distributed ledger technology and a decentralized text database. He contrasts financial transaction-focused blockchains like Bitcoin with Hive's broader database capabilities, emphasizing the importance of diverse and accessible data storage.
The conversation shifts towards the necessity of transferring existing data from Web 2 to Web 3. Task poses critical questions about the accessibility and relevance of data on current blockchain platforms, highlighting the challenges of finding specific information within blockchain databases.
Task acknowledges the deficiencies in Hive's database and stresses the need for a more organized, searchable, and linked approach to data storage in Web 3. He critiques the shortcomings of current projects and advocates for a paradigm shift towards more structured and usable data in the decentralized web.
In conclusion, Task encourages viewers to adopt a new mindset towards database building in Web 3. He emphasizes the potential for creating databases on various subjects and highlights the importance of collective effort in transforming the landscape of decentralized data storage.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.