[HN Gopher] Why web3 distributed libraries will change the world
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       Why web3 distributed libraries will change the world
        
       Author : pmoncada
       Score  : 6 points
       Date   : 2021-10-05 22:04 UTC (56 minutes ago)
        
 (HTM) web link (mirror.xyz)
 (TXT) w3m dump (mirror.xyz)
        
       | brunoqc wrote:
       | Why does web3 insist on using cryptocurrencies?
       | 
       | I'm a huge fan of offline-first collaborative apps, but I don't
       | care at all about the crypto bullshit.
        
       | uberman wrote:
       | So in theory, I can pay a small premium to rob you. Is that the
       | basic premise of how this works?
       | 
       | You (assuming you are the author of the service) challenge people
       | to find a flaw in your game theory.
       | 
       | Here it is. The world if full of trolls.
       | 
       | You have a 1000 dollar camera and I want to borrow it. I put up
       | 1100 bucks and you put up your camera and 100 bucks.
       | 
       | If I'm a troll and enjoy making internet people suffer and happen
       | to actually want a camera.
       | 
       | Then I can get yours and for an extra 100 bucks cause you to
       | personally lose your camera and 100 bucks.
       | 
       | Sounds like the dream scheme for affluent trolls to leverage 100
       | bucks into 1100 of pain.
        
         | pmoncada wrote:
         | You're right!
         | 
         | The issue with these trolls is that all that history exists
         | publicly on the blockchain
         | 
         | So if someone is a troll you'll see their transaction history
         | of multiple blown up contracts and you'll know to stay away
         | 
         | Not everyone is "rational" given the incentives, but you can
         | choose who you play with based on how they've treated others
        
           | beached_whale wrote:
           | That provides another mechanism for abuse that cannot be
           | fixed, or will not. Abuse via other's id and they are left
           | with the perpetual fallout
        
           | chillfox wrote:
           | Can't they just create multiple accounts?
        
             | exdsq wrote:
             | You can limit account creation with KYC and have a ratings
             | system where you can choose who to do business with (taking
             | less risk by staying with high-rated people etc)
        
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       (page generated 2021-10-05 23:00 UTC)