discuss Web3 Domains Vs Web2 Domains

What what needed Web3? For new decentralized zones? I think thats not needed.

The "OG" is COM. This is solidified in the minds of people since 1985. I'll keep an open mind for the flip, but a lot will need to be done to kick its a**. IMO

What is OG?

topdom said:

What is OG?

Click to expand...

Original Gangsta.

I suppose it could also be "old guard" in the case of .com...

Levi_charlz said:

Web3 and the rails upon which the internet of money rides is revolutionising the internet.

It’s not a matter of ‘if’ Web3 domains will flip legacy domains like .com but ‘when’.

How long do you think legacy .com domains have before Web3 and associated domains takes its crown?

Click to expand...

The day when a blockchain company disrupts Google or Apple or FB...or Stripe... or Uber... or Airbnb
After that, there's a possibility.

nononsense123 said:

The day when a blockchain company disrupts Google or Apple or FB...or Stripe... or Uber... or Airbnb
After that, there's a possibility.

Click to expand...

All these companies mentioned will be Web3 companies. Most users won’t even realise they transitioned.

However, they will realise their lives have been made easier by having just one login to access every service on the internet.

Adapt or fade away into obscurity.

Levi_charlz said:

All these companies mentioned will be Web3 companies. Most users won’t even realise they transitioned.

However, they will realise their lives have been made easier by having just one login to access every service on the internet.

Click to expand...

Hi there. Can you expand on that ... the one login to access bit.

Rumandcoke said:

Hi there. Can you expand on that ... the one login to access bit.

Click to expand...

This article below gives a great explanation. @Rumandcoke

The Ethereum community has accidentally solved a major problem of the Internet: Single Sign-On

"Sign-In w/ Ethereum" is the future of login for every app on the Internet, crypto-related or not

Not just an idea, it's already the norm for web3 & will spread

First, what is "Single Sign-On"?

It can mean different things depending on context, but here I mean:

an average person having one username and password/authentication method that works across all services

The Internet has no personal username/authentication system built-in

IP addresses change & are based on device/location, & DNS was never really meant to be a personal username system

But services need to know who you are. So each created their own username/password systemGrimacing face

We all know what happened

• ppl re-using weak passwords written on post-it notes
• sign-up fatigue ("i have to create another un/pw?")
• hacks + data dumps Right pointing backhand index http://haveibeenpwned.com

Yes, ppl can use password managers etc, but this doesn't happen in practice

One solution in the last decade has been Social Sign-On.

You probably already have an account w/ Google, Facebook, etc, so why not just sign-in w/ that to new services?

Users don't have to create yet anotherun/pw, & new services don't have to manage it - win/win!

While an improvement, Social Sign-On has a few problems

1. It depends on a few big corps

Do users really want Google to control their un/pw for the whole Internet?

And do smaller services really want to be at the mercy of these big corps?

2) It's inherently fragmented

• un/pw controlled by a big corp can never be "neutral"
• "which social account did I use for this service again?"
• we wouldn't even want one company to win out

1. Ppl still have weak passwords

If you're signing in to everything with your Google account, your security for everything now depends on the strength of your Google account password, and most people use weak passwords (tho 2FA can help here)

Ethereum Sign-In is a new paradigm

First, Ethereum is giving average ppl computer generated public/private key pairs w/ systems in place to securely connect them to services

Cryptocurrency incentives are finally doing what cypherpunk ideology couldn't
Your Ethereum private key is your super secure password that you control. No central service required to make it work. Just sign something w/ your private key.

You generate it on your own device, and no service anywhere ever has to have your private key.

Ppl need good UIs for storing/using their private key. This was the achilles heel of cypherpunks/PGP

This is another thing crypto incentives are improving

• hardware wallets
• MetaMask
• WalletConnect
• social recovery etc

LOTS of work still needed but it's getting better

Second, you need a human-readable username

Key pairs can be computer generated, but don't usernames require a central service to store this info?

This is Zooko's Triangle: naming systems can't be decentralized, secure, andhuman-readable... right?

https://en.wikipedia.org/wiki/Zooko's_triangle

Blockchains solved this trilemma. Namecoin (launched in 2011) was the first attempt at this, but never got adoption

But @ensdomains, launched in 2017 & built w/ smart-contracts on Ethereum, has successfully gotten wide adoption as the web3 standard Right pointing backhand index https://ens.domains/#home-ecosystem

Users can register a .ETH name on ENS w/o touching a single centralized service & then hold custody of it themselves w/ their Ethereum account

It's your web3 username, simplifies payments for any crypto, and can even point at a decentralized website, all with one name

Put all of this together and you have a decentralized self-custody username system for your Ethereum account

No corporation or centralized system involved in this entire set-up, user (not corp) owned

therefore credibly neutral (this is key)

This is better for users:

The user controls their account/username & can use it anywhere that adopts Ethereum Sign-In. No more annoying "land rushes" for usernames on new platforms

& better for services:

They don't have to manage a un/pw system or depend on Google/Facebook

This isn't just an idea, this is already the web3 sign-in model

You sign-in to a dapp by "Connect"-ing your Eth wallet. Many then use your ENS name as your portable username. E.g. @Uniswap , @tryShowtime , @aavegotchi , @SnapshotLabs

More:
Wouldn't it be great if your single account for the Internet also had an avatar & other profile info?

That's where ENS text records come in. Not widely adopted yet, but an upcoming redesign of the ENS Manager will put the option of setting up these things front-and-center

But wait, what if you don't want a single account for the Internet? You definitely should keep certain activities separate.

No sweat: you can have as many Eth accounts as you want w/ different ENS names

And your ENS name can be your actual name or a pseudonym, your choice

FYI, when using Ethereum Sign-In you may be confronted w/ something like this Down pointing backhand index

At first it looks like Social Sign-In fragmentation but it's not. These are competing wallet UIs that all use the same basic Eth account sys

You can import your Eth account into other wallets

An amazing thing about this is the Eth community did not set out to create a new decentralized neutral Single Sign-On sys

2 unrelated things came together: connecting your Eth wallet to use dapps + ENS originally for crypto payments (still does this!)

And that's why I expect this will succeed

No "consortium" is artificially trying to force this on ppl. It's not over-engineered in committees out of touch w/ users & services

It's being developed open source & adopted organically by users & services b/c it's useful

Once you've gotten used to the web3 model in which you own your portable account & username, the old web2 sandboxed username/password model starts to seem... antiquated

"Connect Wallet is the only way i want to sign in ever again"

I say:

Down with a mess of accounts with weak user-generated passwords and sandboxed usernames owned by big corps (web2)

Up with secure private keys and portable usernames owned by users (web3)

It's the Internet as it always should have been

Want to get a portable web3 account?

Pick an Eth wallet: https://ethereum.org/en/wallets/find-wallet/

Get ETH (sometimes built into wallet, otherwise use a service like Coinbase)

Get an ENS name: http://app.ens.domains (Choose which is your username by setting reverse record at My Account)

Amazing thank you Levi and mostly completely over my head, its going to take me week to read it let alone fathom it out.
Definite benefits.. From a quick scan - you have to have an Eth/crypto wallet - that could be a bit of a leap for someone like me ... but ok. I think there are costs ?

Thanks again, have to leave it there for a minute. cheers

Rumandcoke said:

Amazing thank you Levi and mostly completely over my head, its going to take me week to read it let alone fathom it out.
Definite benefits.. From a quick scan - you have to have an Eth/crypto wallet - that could be a bit of a leap for someone like me ... but ok. I think there are costs ?

Thanks again, have to leave it there for a minute. cheers

Click to expand...

You’re welcome mate.

Firstly, setting up a wallet doesn’t cost a cent. You just need to,

1. Head to www.myetherwallet.com.
2. Click 'Create a New Wallet'.
3. Choose the 'By JSON File' option.
4. Enter a strong password, and write it down on paper.
5. Download your JSON File, preferably to a USB device. Do not open this file. ...
6. Now you're done, and ready to access your wallet!

To simplify the previous post. The three main use-cases for ENS Domains are:

1) Cross-platform web3 username and profile info (avatar, twitter, discord, etc)

2) Simplified crypto payments with any crypto.

3) Decentralised websites.

For more info see,

ens.domains

More than ten years from now. And most of the valuable terms probably don't even exist yet. So trying to invest now I think is premature. Buy Bitcoin or Ethereum if you want to invest in that future.

Why more than 10 years? The tech just isn't ready. Ethereum transactions cost like $100. How you going to put Google and Facebook on that stack? UX for all of the dapps is still terrible. Only believers use them. There is nothing blockchain that's better than it's Web 2 counterpart. Nothing. Not one product comes close.

It's the future, I agree with you. But the technology simply has a very long way to go.