Topic: Is web3 scam? (Read 242 times)
Web3 is not a scam but for sure many scammer will take advantage of its hype and will create their own Web3 platform simply to do the scamming so you still need to be careful on dealing with this kind of development. Web3 will be the new trend, many projects are looking to expand their technology into Web3 so I see this to hit the mainstream by next year. Invest on good projects, look for the top coins who are already working with Web3 and other top companies, they might be the next gem for you.
Web3 is just another version of Web, this is where decentralized transaction really shines since web3 has a function to take advantage of blockchain technology and the decentralization. I think you should read more about web3 @OP in order to understand more about it.
Web 3.0 is of course not a scam. Also, I couldn't find the opportunity to review the website you suggested. I don't want to comment about it.
To briefly explain Web 3.0, the Internet world initially only allowed its users to read. We used to read simple html news sites. Then, we said hello to Web 2.0 with interactive social media sites. I don't need to tell you what we are going through in this world. A simple example: https://en.wikipedia.org/wiki/Facebook%E2%80%93Cambridge_Analytica_data_scandal Today, Web 2.0 centralized applications that use our data are being replaced by decentralized applications with Web 3.0 technology. For example, the words we type in the search bar will no longer be shown to us as advertisements or if they are shown to us as advertisements, we will earn money in return.
Hello,
Is web3 scam?
Is web3 scam?
Web 3 isn't a scam, it is the evolution of the web which we all know is the primary tool used by billions of people to share, read, and write information to interact with other people via the internet.[1] But sadly web3 has been the place of scammers to do their stuff which often does their stuff in exploiting Defi, NFT, and the metaverse.
Is web3 vs Blockchain?
It was stated the difference in this explanation
"Blockchain is a novel system for generating consensus among network participants without a governing authority. Web3, meanwhile, is the decentralized web—where apps, online services, even finance—no longer need a centralized authority."[2]
It was also stated that Blockchain is the backbone of web3 that redefines the data structures in the backend of the Web, now that we live in a connected world[3]
[1] https://medium.com/@vivekmadurai/web-evolution-from-1-0-to-3-0-e84f2c06739
[2] https://brave.com/web3/intro-to-blockchain/#:~:text=As%20you've%20seen%2C%20blockchain,longer%20need%20a%20centralized%20authority.
[3] https://blockchainhub.net/web3-decentralized-web/#:~:text=Blockchain%2C%20as%20the%20backbone%20of,settle%20agreements%20over%20the%20Web.
Web 3 is not an application is the platform on which the applications for the various blockchains run is true every now and then there may be scam apps but for the most part they are reliable you just need to be a little careful
Not at all the Web 3 is the reality and the future generation of the market on internet. Web in a few words is Internet Freedom so you can easily say that 🙂 its not a scam if you want to learn about basica of Web 3.0 and how it is different from other websites then you should visit this topic created by myself atleast you can obtain specific perception and knowledge about 3.0.
https://bitcointalksearch.org/topic/m.60800891
https://bitcointalksearch.org/topic/m.60800891
Why would you even think that web3 is a scam? Were you a victim from before, OP? The people using it scam people, not the technology itself.
Anyway, comparing web3 to a blockchain is weird because it gives somewhat the same things, right? For example, using web3 has something to do with blockchains, and it has the same concept as being a peer-to-peer type because it's still connected to the network of computers in the world.
It's another way to monetize stuff and ensure you will get the real things with all the applications and NFT worldwide. The impact on the other is another story, IMO.
Anyway, comparing web3 to a blockchain is weird because it gives somewhat the same things, right? For example, using web3 has something to do with blockchains, and it has the same concept as being a peer-to-peer type because it's still connected to the network of computers in the world.
It's another way to monetize stuff and ensure you will get the real things with all the applications and NFT worldwide. The impact on the other is another story, IMO.
Web3 is not a scam. But the people misusing it for their greedy stuff so people think that Web3 is a scam but in reality it is not. Web3 could be the future with the decentralized stuff that this technology offers, but it's always these scammers which makes everything turned to be bad into other "uneducated" people out there. It's a shame to always witness this.
Web3 is totally different from the blockchain. Web3.0 will work on blockchain as NFT, Defi, and other things work on blockchain. Web 3.0 will be fully decentralized.
Let's find out what is the web 3.0
As in web 2.0 there is one man or team that is running a company, let's take an example of Youtube, you upload a video on youtube you get views, and subscribers. If Youtube deletes your video you can't do anything, you just complain about that. But in web 3.0 all users will be owners of his/her video, post, account or any other thing. There will be no anyone to control your material you will be alone to handle that.
Let's find out what is the web 3.0
As in web 2.0 there is one man or team that is running a company, let's take an example of Youtube, you upload a video on youtube you get views, and subscribers. If Youtube deletes your video you can't do anything, you just complain about that. But in web 3.0 all users will be owners of his/her video, post, account or any other thing. There will be no anyone to control your material you will be alone to handle that.
There is a bit of a misunderstanding, maybe you should find out what web3 is and then come back here. Web3 is like other trends in the market that you come across like ICO, P2E most recently metaverse which is often mentioned along with web3. The project you mentioned is a project built on web3 trends, it does not represent the entire web3 field, so if it is a scam project, it will not affect web3 technology.
Web 3 is most likely the next trend in the market to replace the old ones, and if my prediction is correct then the hype about web3 in the upcoming bull season is a good opportunity for us to make money. Prepare your web3 knowledge carefully and find yourself potential web3 projects to make money together in the next bull season.
looks strange if Web 3.0 is said to be a scam. maybe the OP doesn't understand what computer technology evolution is or the OP has been tricked by the WEB 3.0 crypto project label so he thinks WEB 3.0 is a scam, it's clear that web 3.0 is not a scam this is a future technology evolution that maybe in the next few years we will feel the results
I don't think you understand what the word scam means. Sure, there are various different projects in nft that fail either because of incompetence, or because they are scams. But that doesn't make erc721 or ERC-1155 scams. They are just protocols that can be used as any other good tool, for making scams or making a difference.
It's like asking that is web2 a scam. Sure, there has been many scams in web2.0 but it's a tool just like web3.0
I'm not clicking your link but to the question, Web3 is not a scam, it just means websites with smart contract functionality, which could be something as simple as a retail website that allows you to pay with crypto to a full on chain decentralized facebook on the internet computer "ICP".
web3 can not be said to be a scam if no one has lost money because of investing there and so far there has been no news of people being harmed in web3 because this concept is also still in the development stage. no project has officially announced their web3 in cryptocurrency yet.
web3isgoinggreat is not a place to invest but they store data or articles about web3, NFT and its surroundings.
web3isgoinggreat is not a place to invest but they store data or articles about web3, NFT and its surroundings.
Hello,
Is web3 scam?
I wouldn't call it a scam, but an evolution from web1, web2 which are centralized to a decentralized version web3. Evolution was always bound to happen, it is something that you should always expect and shouldn't be unaccommodating to when you see it start taking over. Is web3 scam?
The scam is the ones that exploit and uses web3 for their scams like the typical projects that we see in the market. The ICO craze, NFT hype, Metaverse, and now, the web3 hype is about to be there so, scammers will turn their attention to it.
It's still in development and many people can't keep up with it, so those that are aware of it, sees a lot of opportunities from it, the legitimate ones and the bad opportunities about it that fools people around.
It's still in development and many people can't keep up with it, so those that are aware of it, sees a lot of opportunities from it, the legitimate ones and the bad opportunities about it that fools people around.
web 3 is not a scam . it is the next trend and the future of future finance and the whole internet. web 3 incorporates concepts such as decentralization, blockchain technologies, and token-based economics. Some of most popular Web3 platforms are OpenSea, Coinbase, Ledger and MetaMask. dao is good concept which mainly focus in decentralization. decentralization is the most essention thing in crypto and dao is trying to make it true.
Web3 is not a scam but you cannot just invest on any project that offers this kind of technology because not all is good and many developers are still on the early phase on adopting this development. Scammers are everywhere, what ever the project is they can imitate it and make it look more convincing so if you see a project like that, it’s good to have more analysis on that before investing. Web3 might be the next trend, this is why scammers are already preparing for this and I’m sure many already have plans for this especially on how they can scam people again.
~
Nah, OP. I am even building a web app as of writing this and I was like curious to how would this change my whole web dev career. Turns out this would be more about decentralization along with machine learning, and considering that one of my favorite language, Python, can be used in machine learning and AIs, this is one of the changes that I could not yet imagine how would it directly impact the whole internet.Considering how surely most of us use Google to find and research stuffs, bots and machine learning would surely enhance this whole experience.
tldr: It's not a scam nor a project that you would invest at.
My resource: Web 2.0 and Web 3.0 Definitions
This is the evolution of web technology and it is now moving towards widespread adoption. Some project owners and those who want to make quick money use the web3 tag, don't be fooled by it. They already use this in other labels, they are based on the project, just like nft, metaverse, the fact that we are in the fall season does not mean that these technologies are deception, in my opinion, these technologies of the future are currently in the testing phase.
In that case we can say that DeFi is scam, NFT is scam, Metaverse is scam, etc. Web3 is very popular among developers of new cryptocurrency projects. And where there is a hype, there are always plenty of scammers who want to get rich quick. It's always been like that, as soon as some technology appeared, there was always a wave of scams around it. Web3 has a development perspective, so this crypto-trend is definitely worth watching, but at the same time, more carefully check the projects that are trying to integrate this technology into their projects. Very often it happens that it is done only to attract money to the project and nothing else.
I think you just misunderstood Web 3. Look, web3 does not mean a website or a crypto project. Web 3 is the next version of the internet or web. That means it is a protocol on which other websites or projects can be built. But it does not mean this is the real Web3 or a fake Web 3. Remember, web3 is not a website, it is just a concept. Now, anything built, such as social media, gaming, or crypto projects that claim to be web 3, is considered web 3. That means they just build their projects on the concept of Web3, which is decentralized. And the concept is decentralized. The decentralized concept is based on blockchain, so it's not about web3 vs blockchain. Web 3 is yet another blockchain concept. I hope you understand. Thank you.
It’s not. Some people are trying to push it as future of communication. But after all, for a while, no one thought bitcoin would strike big, right? In that sense, then, web3 is as much of a vision of the future as any startup or crypto-currency is.
Web 3.0 is not a scam, they are simply, IMO, evolution stages as we use the internet. Basically, we have evolved from web 1.0 to web 2.0. Web 2.0 is basically the web type of application that is currently in use today as we interact with the internet while Web 3.0 represents its next phase, which will be decentralized, open, and of greater utility.
However, Web 2.0 have numerous short comings that have posed some challenges in recent times. Web 2.0 facilitates posting of too much information on the web. There is also security issues such as unauthorized use of people's data, etc. It is expected that web 3.0 will overcome most problems of web 2.0. You can visit these sites (https://coinmarketcap.com/alexandria/article/what-is-web-3-0); (https://metamandrill.com/web-3-0/) to gain more insight.
However, Web 2.0 have numerous short comings that have posed some challenges in recent times. Web 2.0 facilitates posting of too much information on the web. There is also security issues such as unauthorized use of people's data, etc. It is expected that web 3.0 will overcome most problems of web 2.0. You can visit these sites (https://coinmarketcap.com/alexandria/article/what-is-web-3-0); (https://metamandrill.com/web-3-0/) to gain more insight.
Web3 is not a scam. Scams can use the Web3 label to pull in victims. So if you see Web3 it’s difficult to tell just from that label whether it’s a legitimate project or a scam. You have to dig deeper.
This has nothing with dev & tech discussion. Probably move it into the altcoin section or something similar since most of the time you're referring to them when you talk about web 3.0.
It is not as simple as web3 vs blockchain, sometimes event blockchain is claimed to be part of web3.0 itself. Event the definition is sometimes being contested.
It is not as simple as web3 vs blockchain, sometimes event blockchain is claimed to be part of web3.0 itself. Event the definition is sometimes being contested.
Jump to: