Elon vs Crypto Battle

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  • Опубліковано 2 жов 2024
  • I'm still cautiously optimistic about web3 in general, and I do think Elon will come around eventually, especially once there are some really popular use-cases out there. Definitely a critical moment for web3, so good luck to all the builders going out there and focusing on actually creating these technologies!
    Join my community at johncoogan.com (enter your email!)
    ABOUT JOHN COOGAN:
    I am the co-founder of soylent.com and lucy.co, both of which were funded by Y Combinator (Summer 2012 and Winter 2018).
    I've been an entrepreneur for the last decade across multiple companies. I've done a lot of work in Silicon Valley, so that's mostly what I talk about. I've raised over 10 rounds of venture capital totaling over $100m in funding.
    I work mostly in tech-enabled consumer packaged goods, meaning I use software to make the best products possible and then deliver them to the widest possible audience. I'm a big fan of machine learning, python programming, and motion graphics.
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    Disclaimer: This video is purely my opinion and should not be regarded as a primary source. I am not a financial advisor and this is not a recommendation to buy or sell securities. Always do your own due diligence.

КОМЕНТАРІ • 626

  • @ANGELRA
    @ANGELRA 2 роки тому +220

    Most people forget or don't know that web 3 already existed for a long time before bitcoin and crypto. Protocols like bittorrent, onion (tor) , garlic (i2p), fediverse (peertube, mastodon, etc), matrix (element) are all pretty old and are used to build decentralized networks. All these protocols don't rally on crypto and are great examples of what web3 can be.

    • @81Earthangel
      @81Earthangel 2 роки тому +4

      Sadly the industry will always fight these open networks

    • @infinitydude7305
      @infinitydude7305 2 роки тому +10

      As long as there isn't any profit incentive nothing's gonna work out

    • @willi1978
      @willi1978 2 роки тому +21

      Exactly. Web3 is not blockchain. Dezentralised apps can be built without blockchain.

    • @mitchrapp5214
      @mitchrapp5214 2 роки тому +1

      @@willi1978 Blockchain gives you that financial incentive which makes it more likely to succeed

    • @ANGELRA
      @ANGELRA 2 роки тому +8

      @Deborah Hearne Technologies built on top of crypto are not truly decentralized either, only the monetary part is decentralized. I would debate if most cryptocurrencies are truly decentralized, because most of them have a number of whales that would crush the market if they would want to sale their crypto.

  • @ibidathoillah2051
    @ibidathoillah2051 2 роки тому +5

    Web2 is powerfull than Web3, Web3 cost a lot of power source, not effective!
    For example Decentralize UA-cam, or Decentralize Social Media, or Decentralize NFT, you should pay alot only to to upload your data into blockchain. NFT is a shit, they only send url of picture, and url of videos not the picture or videos it self to smart contract, Why? because decentralize is expensive, it just to make looks it like cool thing ever we done, Hype Hype and Pump. Crypto is Bubble, and its getting bigger and we dont know when it will crash.
    Centralized is the best you us for now, low cost! Web3 is usefull too in some cases, for Bubbles, makes people rich and more loses...
    Did you think each node ethereum can hold the data 15 petabytes of storage just like youtube, of course not!
    Ethereum full node will be expensive, and no one will run it. and of course you can't upload 1 hours videos into ethereum, i am very sure, but if only url of youtube link yea its possible (but undecentralized lol just like shit NFT right now).
    Web3 is not solutions, solutions should have low cost and better througput, thats my thought

  • @duran9664
    @duran9664 2 роки тому +20

    Some people assume two wrong assumptions regarding Musk relationship with crypto:
    1) That Elon Musk understands Bitcoin, blockchain, smart contracts, DAOs & technically everything, which is totally not accurate.
    2) That Elon Musk is always a good & honest player in every sector & he never lies or hides his motives, which is also totally inaccurate.

    • @saisawant1228
      @saisawant1228 2 роки тому

      This is right here. His cult followers are stupid and will believe whatever he says.

    • @davidmiller9485
      @davidmiller9485 2 роки тому

      One example will prove this: twitter.

  • @naomihoward3928
    @naomihoward3928 2 роки тому +188

    Miners DeFi token is at 1M MC right now when the true value of the coin is in the BILLIONS, addressing every issue with crypto that Elon ever brought up. This coin is literally insane. Elon is going to tweet about it this week.

  • @Andreas-et1et
    @Andreas-et1et 2 роки тому +25

    The part about competing for enginnering talent at the end of the video was really striking to me. As a young engineer, there are so many areas in tech that seem interesting and worthwhile pursuing that it's really hard to pick and choose one specific problem to focus on

    • @JohnCooganPlus
      @JohnCooganPlus  2 роки тому +1

      Yeah... hard to say if that's the real reason, but it seems important to me. I've seen more than a few talented young engineers move over to crypto and the trend seems to be growing.

    • @hiteshbhandari7009
      @hiteshbhandari7009 2 роки тому

      ikr same with me. As a CS undergraduate what I choose to learn in college can drastically change the direction I go in. But what to choose!

    • @lifeartstudios6207
      @lifeartstudios6207 2 роки тому

      you would think at this point we'd have way more engineers and wouldn't have to fight over the talent pool

    • @plinden
      @plinden 11 місяців тому

      Nonsense, you need to work on longevity. Otherwise you are soon old or dead and whatever else is moot.

  • @kgeenicho8512
    @kgeenicho8512 2 роки тому +30

    Real video starts at 7:30

  • @Psych2go
    @Psych2go 2 роки тому +30

    This is informative as usual! Thanks John!

    • @jamedo8819
      @jamedo8819 2 роки тому +2

      Hi Psych2Go! How are you doing?

  • @zwhitchcox
    @zwhitchcox 2 роки тому +107

    Saying that people shifted to building apps on top of facebook APIs is a drastic overstatement. For most apps, the only functionality they use is the login, and that's just to reduce the friction of signing up, mostly. There are also security implications, but if you have to verify your email and shit, that's another filter that could easily be avoided.
    People still use pretty much their own databases, although facebook has open sourced a lot of technologies like GraphQL and ReactJS, but the vast of technology the average company uses is open source.
    I think web 2.0 is more referring to the fact that people don't self host their own content on blogs and stuff as a personal user, not as a developer.
    I guess there are some companies that build their app on facebook, I don't actually know, I haven't been on facebook in like 5 years, but that's usually probably just to augment their native apps/websites.

    • @Boxtermaiti
      @Boxtermaiti 2 роки тому +9

      the game he mentioned "Farm Ville" was completely built on facebook and there was no other way to access it, other than on facebook's website. The same goes for a host of other very popular games. - source: I played all those facebook games when i was a kid

    • @jonathangava6922
      @jonathangava6922 2 роки тому +3

      As a game developer, you can export web apps onto Facebook which would only run on Facebook. Although it would be pretty dumb to only launch your game on a platform like Facebook, but who knows, I'm sure many companies make big money off using Facebook as their main platform.

    • @BantanaAudio
      @BantanaAudio 2 роки тому +6

      Yeah I did a double take when he said that. Usually Facebook authentication is added well after regular authentication is already handled. And these days it's more common to not use it at all. Don't think it was ever common for it to be the sole authentication for any app.
      What doesn't make sense to me is how using the blockchain as a database is at all better than me using digital ocean or Heroku etc....

  • @miguelventura4094
    @miguelventura4094 2 роки тому +1

    man just watch some of your videos last night and they're incredible

  • @baganatube
    @baganatube 2 роки тому +14

    I remember vividly the excitement for a _decentralized_ web when blogging was taking off. Everybody, including myself, was writing on some different server, but at the end of the day, the decentralized contents all got aggregated through RSS, and later Atom. If you didn't like your blog service provider, you could easily migrate over to another, or set up one by yourself. Fast forward a couple of decades and vast, vast majority of the public are now generating content only on the few giant social media platforms. I think, fundamentally, it's an economical phenomenon -- (well-managed) corporations at scale are always more efficient, and 99% of the people are willing to outsource anything they can outsource, because they have so many other things to pay attention to. Especially when the outsourcing is nominally free of charge. This is very similar to the fate of every communist attempt, inevitably falling into dictatorship, and only capitalism stays (more or less) stable.

    • @davidmiller9485
      @davidmiller9485 2 роки тому

      Their is nothing stable about Capitalism. Go look at a stock market chart going back to the 20's. It looks like a set of skiing slopes. With major a peak in 1929 (for what it's worth there is one in 1876 or so and more both earlier and later), that took a war to correct. There are many more. Since going off the gold standard those peaks are getting closer. To be honest we don't regulate Capitalism enough for it to be stable over fairly long periods of time.

    • @ThemFuzzyMonsters
      @ThemFuzzyMonsters 2 роки тому

      There is also a geopolitical aspect I am not understanding. Decentralization is a practical and efficient concept but it will quickly run into inherent control issues of the real world. The fight over the control of TikTok data is perhaps a good example.

    • @Anonymint-vj7bt
      @Anonymint-vj7bt Рік тому

      But none of those protocols you mentioned offer the eventual consistency of blockchain. Mastodon's federated system is entirely capable of not being consistent across the entire network.

  • @shableep
    @shableep 2 роки тому +117

    I’ve been following all these subjects deeply for years. This is extremely fantastic journalism. If you had a persona ICO, I would by buying.

    • @anticlux
      @anticlux 2 роки тому

      You mean an NFT project, right?

    • @api2216
      @api2216 2 роки тому +3

      @@anticlux he means if this youtuber were to sell himself, he would invest

    • @emmanueloluga9770
      @emmanueloluga9770 2 роки тому +1

      @@api2216 hhahahahaha lmfao. This sent me tf out.

    • @shafsteryellow
      @shafsteryellow 2 роки тому +4

      @@emmanueloluga9770 actually not a stupid idea... Investing in youtubers/accounts will be a business model going forward just look at big UA-camrs like Mark Rober ect they get more views from their back catalogue compared to their releases... Investing in a youtube acc would give you access to reliable income/dividends in the form of back catalogue views and allow for greater investment in future. Not inconceivable that big youtube account that have multiple channel could trade ownership for direct investment/access to infrastructure. We'll be back to institutional investment backed media conglomerate in no time... just like streaming at the beginning it was amazing since you could get a range of content for a set unitary price now you have prime, Hulu, Disney +, HBO Max, Paramount+, Netflix Apple TV and more and more people will purchase 2/3 of these platforms going back to the cable package prices of yesteryear.

    • @emmanueloluga9770
      @emmanueloluga9770 2 роки тому +1

      @@shafsteryellow Thank you for the lesson, but I am not oblivious to the aforementioned situation I was merely laughing at the way the comment was worded with the combination of the profile pic. Even after the fact, nothing really surprises me anymore and its just humor at this point

  • @SmokeandSpirit
    @SmokeandSpirit 2 роки тому +20

    You are incredibly concise and effective in your messaging around these revolutionary topics.

  • @nitesh-maharaj
    @nitesh-maharaj 2 роки тому +2

    I get that you can have an ownership token of some widget on the blockchain, example the deed to your house. I'm sure I'll never forget my password or lose my private keys and fail to actually prove that it's me who owns my house.
    What incentive does a company like Quickbooks have to use a decentralized network? How would their sophisticated relational database even work in a decentralized architecture? If I want 3rd parties to access my data, how does key sharing work? Why is everyone talking about all of this technology in such broad strokes without much specifics on how all of this will actually work? Will it truly be more secure or will I just be opening myself up to more problems? Would this mean I'll never have to do backups again? If everything is immutable, how do I rollback? Can I trust an Ethereum Virtual Machine more than AWS or Azure? Why does none of this make sense to me?

  • @EuAfro
    @EuAfro 2 роки тому +2

    Am from Mozambique a country in Africa just wanna let you know you will blow up! your content is gooooooood

    • @JohnCooganPlus
      @JohnCooganPlus  2 роки тому

      Thanks a lot! I love hearing from people all over the world.

  • @budfox711
    @budfox711 2 роки тому +7

    John Coogan fell for the $/marketing, ETH, SOL, Defi, NFTs, decentralized in name only.

  • @tanzy1174
    @tanzy1174 2 роки тому +35

    After 14minutes, all I know is that people want more power away from these FANG companies but nobody knows who to give these rights to. It's probably overly optimistic to think that getting rid of centralisation will allow for a higher quality of innovation. In the end, the rich and talented will still prevail and the poor will still suffer.

    • @ImperialMindMusic
      @ImperialMindMusic 2 роки тому +1

      Fang?

    • @im-a-pickle
      @im-a-pickle 2 роки тому +2

      @@ImperialMindMusic FAANG - Facebook, Apple, Amazon, Netflix, Google

    • @l1mbo69
      @l1mbo69 2 роки тому +2

      @@im-a-pickle why include Netflix but exclude Microsoft?

    • @mitchrapp5214
      @mitchrapp5214 2 роки тому +2

      Trying to create a position were users own their data and can easily migrate to other dapps when they choose.
      This should in theory boost innovation as applications will have to continue to build to keep their userbase as there is no inherent lock in to the underlying app or platform.
      Whether this can be achieved is the question.

    • @just_a_random_person9910
      @just_a_random_person9910 2 роки тому

      have you heard of the deep web? i can bye guns and cocain on it. it runs on the web 3 p2p model that is what happenes when moderation is taken away

  • @slymanyonga7226
    @slymanyonga7226 2 роки тому +2

    "Check out this video" and 3 videos later i'm here, you are really brilliant at luring viewers into this unending chain of linked informative videos.

  • @hulubangaGutenWami
    @hulubangaGutenWami 2 роки тому +2

    It's AMAZING how you pack so much information in this 14min video!

  • @MegaShrooom
    @MegaShrooom 2 роки тому +5

    This is a phenomenal analysis of Web3, will share around. Hats off to you.

  • @tomm12307
    @tomm12307 2 роки тому +7

    I truly enjoyed the critical thinking given to this topic. Thank you

  • @CaiRobinson
    @CaiRobinson 2 роки тому +7

    Web3 is one of those sound great, but will never work. Why would the big companies cede power? And as we are seeing crypto itself is just seeing big players rise and take the power. Web3 is a pipe dream.

    • @TheMostHated
      @TheMostHated 2 роки тому

      Nah not quite. More like an alternative rather than a replacement. I think web 3 shares the open source philosophy very well so theoretically any company that makes their stuff open source might be able to achieve their goal even faster with decentralization. It all depends on the business model. Not every company will have a traditional model

    • @CaiRobinson
      @CaiRobinson 2 роки тому +1

      @@TheMostHated sure, but look now at the companies that provide their stuff open source they tend to be non profits. Companies like to keep to themselves for good reasons

    • @videphris3934
      @videphris3934 2 роки тому

      It is when their user's take a stand and take back our power. Companies sell and trade our information, and sometimes there are breaches due to this. Web 3.0 is not a pipe dream, it will come, whether you like it or not.

  • @hansanctuary6006
    @hansanctuary6006 2 роки тому +4

    Solana shouldn't be the best example of an L1 Web3 Ecosystem. It's technically flawed. Blockchain couldn't go faster without sacrificing security. You should instead check out the Hashgraph.

  • @pomtoy
    @pomtoy 2 роки тому +3

    Anyone who knows how NFT works will know that it is very centralized. If a centralized server puts its data in decentralized database but you have to access that data via the centralized server. It is still centralized.

    • @stealthysaucepan2016
      @stealthysaucepan2016 2 роки тому

      It may not be perfect but is still more decentralised than current models

  • @mackster85
    @mackster85 2 роки тому +8

    So instead of building your own system we shift it to centralized wallet providers. 100% scam

  • @SureDidit
    @SureDidit 2 роки тому +1

    Wow. This video covered so much and framed it all so perfectly!

  • @Otome_chan311
    @Otome_chan311 2 роки тому +1

    The problem with blockchains as 'web3'? They aren't the web, and aren't even really decentralized. Blockchains are centralized in location (the internet) and can't break into smaller parts like a true decentralized system can. And blockchains really have nothing to do with the web, so all blockchain services end up with extremely centralized websites/services. The true web 3 is with software like zeronet, which allows for truly decentralized websites.

  • @pizzadoe7922
    @pizzadoe7922 2 роки тому +3

    Web3 sounds all good in sound bites, but it is terrible in practice. I have dabbled with many cryptos involved in decentralized governance. You soon realize nearly all of their governance is decentralized in name only. You always see massive consolidation of voting power around a few validators. It is not only because of the VC problem. It is also the average crypto buyers' fault. They just buy crypto to speculate on the price and don't engage with the system. Most of them just buy and park it on the exchange. In the end, all these centralized exchanges have large voting power because of how apathetic your average buyer is toward decentralization.
    However, there are some cryptos that succeed in convincing buyers to move their stuff off centralized exchanges. They achieve it by paying out extra gains or airdrops. None of it happens because the buyer cares much about the tech or decentralization principle. It seems, Web 3 is again one of those crypto's attempts to find a problem nobody cares about and use it to justify crypto as a solution. People just don't give much of a damn about Web2's flaws.

    • @karenthomson9749
      @karenthomson9749 2 роки тому

      Thankyou for some common sense... it’s all hype.

    • @diegobarreras
      @diegobarreras 2 роки тому

      Most important comment above all. Even as a web3 enthusiast, i agree with you.

  • @bobderbobs1521
    @bobderbobs1521 2 роки тому +2

    "you don't need to worry about the underlying protocol changing" doesn't really apply for ethereum since the etherium foundation can alter the protokol (for example eth supply) if they want to.

  • @SamiCoopers
    @SamiCoopers 2 роки тому +6

    I still don't understand how you build a decentralised Facebook or a decentralised open-standard? The platform or standard (code & data) has to exist somewhere centralised right? Just like the image in an NFT is stored centrally, not on the blockchain.

    • @shableep
      @shableep 2 роки тому +1

      There will be apps that make it easy to manage your decentralized identity, personal data like messages, and money. You’ll also have apps that make it easy to read and sent decentralized messages. These apps will be made by anyone and compete on features, but they will all rely on the same decentralized messaging service. Messages will be similar to transactions on Bitcoin, except instead of sending money you’re sending text.

    • @insertnamehere2787
      @insertnamehere2787 2 роки тому +5

      NFTs are not stored centrally. They are stored in IPFS.
      Long version: The link to the IPFS is stored as Smart Contract in a Blockchain that your NFT is minted on e.g. on the Ethereum Blockchain and will therefore forever be part of it.

    • @ouranosTheos
      @ouranosTheos 2 роки тому +2

      These data will be stored in a decentralized file storage system. Like IPFS

    • @De1Litto
      @De1Litto 2 роки тому

      Crypto transactions dont move the assets. They move ownership registration.

  • @Aabidaleem
    @Aabidaleem 2 роки тому +15

    love the way, u explain these complicated technological queries....bravo buddy... looking forward towards the desired success of your channel

  • @ZiCK_616
    @ZiCK_616 2 роки тому +10

    Awesome video. I'll check more of your channel! It's nice you point out how Elon is in the wrong when he disses Web3 without reason. I hope to see the technology be mainstream more than it already is.

  • @mindfictiontv4664
    @mindfictiontv4664 2 роки тому +1

    I like how you took 2/3 of the video to introduce and explain the subject before talking about Elon's point of view!
    Unfortunatly, I'm probably dumb as fuck because I still don't understand most of it. . . Learned some cool acronyms though :')

  • @Mouradif
    @Mouradif 2 роки тому +4

    0:44 Cute visual but signing in with username and password was already Web 2.0. Web 1.0 was the one where most webpages were just HTML and JS (or VBS 🤮) and all of web servers' job was to be reachable and deliver content. The Web 2.0 revolution was brought with the easy server-side scripting solutions and notably PHP which made it super noob-developer-friendly. So forums, blogs with a comment section, or even guestbooks were already Web 2.0

    • @Mouradif
      @Mouradif 2 роки тому

      oh this is explained later in the video... then why keep that misleading visual at 0:44 😆?

  • @fassoulia
    @fassoulia 2 роки тому +3

    Great content but i’m slightly annoyed at the lack of myspace in this video. it’s not fair to give all the credit to facebook!

  • @nikyabodigital
    @nikyabodigital 2 роки тому +4

    Web3 is bullshit, I agree with Elon.
    People don't mind about their data being taken as long as app or software is fun to use.
    Also explains why more people use chrome when they can use better alternatives like Firefox or better yet, brave browser. People doesn't care. Web3 is hype

    • @dsddala467
      @dsddala467 2 роки тому

      I agree. People are so gullible and willing to hand over their first born for the next app. I just don't understand it. But I will say this: As someone who ditched Microsoft 3 years ago and now who uses Linux, and has used Firefox for years, many platforms don't work with Firefox, like my health insurer's teledoc type of system, and I can't get video visits with my doctors unless I use Chrome. So it's baked into technology, and believe me, it pisses me off. Remember when Google's motto used to be: Don't Be Evil? I remember when they were relatively the 'good guys' in the early 00's. It's really too bad they dropped the "Don't" part of their motto and took the remaining words as a challenge.

  • @buelanismu2751
    @buelanismu2751 2 роки тому +3

    I subscribe to only a few channels this is one, and if curious, coin bureau is one of the others, both are great thanks for the awesome content

  • @hurlah
    @hurlah 2 роки тому +10

    Web 3 seems remarkably similar to the dark web, and not in a very good way. I think in desperation for removing the power from tech, we might be putting it in a way worst place, with little control and accountability, and a lot of fuzziness.

  • @basic_beny
    @basic_beny 2 роки тому +4

    Love the video, but could you make closed captions available? I really enjoy reading while watching so I can pay better attention. Just trying to help you improve! Been subbed for a few months and it's always interesting!

    • @neilswetam
      @neilswetam 2 роки тому +1

      yes caption please

    • @dsddala467
      @dsddala467 2 роки тому

      Same, Benjamin. I had ADHD really bad and reading along keeps my attention focused. Just listening and I notice everything around me, and walk away half through the video. LOL

  • @thecraftio
    @thecraftio 2 роки тому

    Resonated a lot with this. Great vid John!

  • @juliocesarsalazargarcia6872
    @juliocesarsalazargarcia6872 2 роки тому +1

    Your videos are sooo good! Subscribed!

  • @bumblebee492
    @bumblebee492 2 роки тому +3

    Web3 to me is 100x better than trying to put microchips in people's head😢

  • @saikatdas0790
    @saikatdas0790 2 роки тому

    Came for the clickbait-y title. Stayed for the insightful content

  • @smithydll
    @smithydll 2 роки тому +8

    The fact that mainframes still exist and are growing is proof that the alternatives are not viable in the real world. The real world where people have mortgages and pay taxes. Web 3 is a solution looking for a problem.

    • @harvirdhindsa3244
      @harvirdhindsa3244 2 роки тому

      There are plenty of technologies that have been replaced. I don't think your real world argument makes much sense here. Plenty of technologies have come and gone, regardless of real world expenses.

  • @benclair
    @benclair 2 роки тому +1

    This video provides way more than the title suggests

  • @michaldopierala
    @michaldopierala 2 роки тому +2

    I think that everyone should learn some basic programing at school to understudy that this video is bs

  • @ImperialMindMusic
    @ImperialMindMusic 2 роки тому +1

    Elon hates BTC, Tesla has 1.9billion invested

  • @davidmiller9485
    @davidmiller9485 2 роки тому

    correction. NFT's only give you ownership over the hash that references a image. That's it. You don't own the image, or the copyright that goes with that image. You only own the hash.

  • @jibbinking
    @jibbinking 2 роки тому +3

    What's wrong or outdated about big companies using mainframe computers? And what would be the better alternative?

  • @ElliotOcean
    @ElliotOcean 2 роки тому +1

    Great content dude 👍

  • @LukeArp
    @LukeArp 2 роки тому +1

    New does not equal better or more efficient. I have personally worked on projects to “Modernize” ancient Mainframe systems. What normally happens is that we modernize the UI and end user experience, but don’t touch the COBOL. It would cost too much in dev time and compute to replace the mainframe.
    I’ll read more about Web3, but if their current shining star is NFTs, I’m not impressed.
    Also, Web1 didn’t go away. Anyone today can build their own platform from scratch and host it on the internet. No one is required to use Facebook, Google, or any other Web2 service.
    I personally think their will be a resurgence of more Web1 type services than a real growth in Web3. That said, I’m old.

  • @andreasaabrandt2045
    @andreasaabrandt2045 2 роки тому +1

    The mainframes are not the problem though. The ancient COBOL code is a problem. I would rather develop on an ancient mainframe, using a modern language, than using an ancient language on a modern mainframe.

  • @ddevulders
    @ddevulders 2 роки тому +1

    Web3 is what AI is to non-linear regression. When people use buzzwords to complete the same task differently without any significant gain it tends to irritate, especially if you're a professional in the field (it's like a doctor watching an ER episode). There is amazing value to be generated from Web3 architectures and design patterns from staying in control of your personal documents and transactions (blockchain) to revoking access to your medical logs or identity and access management (NFT).
    However I am the tech guy in this so I roll my eyes hard when people pretend Web2 is going to undergo some kind of mega shift towards Web3 which just isn't going to happen because the truth is people don't care at all. If I want to send my nana an e-mail I don't care about what decentralized ledger my message is stored on, I just want to tell my nana I miss her. What these tense times have taught us however, is that we have built a dependency to the accessibility to these tools which is where I think Web3 will provide most of its value in the upcoming decades.

  • @xena8_8
    @xena8_8 2 роки тому +1

    How do you have such amazing animations (besides the fabulous content) 😍

  • @ribertfranhanreagen9821
    @ribertfranhanreagen9821 2 роки тому +9

    Benjamin Franklin once said: "Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety."
    blockchain basicly give us liberty but that also mean taking responsibility to our own hand. This is just same like nft, web 3, and any tech coming from decentralization tech.

  • @zergrush78319
    @zergrush78319 2 роки тому +1

    web3 doesn't HAVE to use blockchain. it can use non-incentivized networks like tor or i2p

  • @IamRandomAF
    @IamRandomAF 2 роки тому +1

    NFT's are such a blatant pyramid scheme... its this gens Collector plates 😆 Digital beanie babies 🤪

  • @b1crusade384
    @b1crusade384 Рік тому +1

    0:43 Convince Elon? Screw him and his harem. What matter is - Does the idea solve important problems?

  • @ericmalcolm3467
    @ericmalcolm3467 2 роки тому +2

    WHAT IS THE SAFEST WAY TO MAKE MONEY THROUGH INVESTING? ...I'M TIRED OF HOLDING COINS,,, I'M TIRED OF LOSING MONEY DAY TRADING ON MY OWN😫

    • @scotjerkins5713
      @scotjerkins5713 2 роки тому

      Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong

    • @kirkgraham1
      @kirkgraham1 2 роки тому

      Starting learning a profitable skill and use it to grind and get money. Then use that money as leverage in a business or something with decent return idk

  • @NarutoArenaCx
    @NarutoArenaCx 2 роки тому +1

    Interesting video, well done

  • @CarForCause
    @CarForCause 2 роки тому +1

    When people describe NFT's, why do they never show pictures of VeVe's Disney Golden Moments, Mickey, Spider Man, Batman, and so on? This makes it super easy to understand NFT's.. Yet they always show the pics of pics (Apes, etc). Besides a few "first" NFT's and a few status symbol pics, these jpegs of jpegs are mostly going to crash. The music NFT's, collectible NFT's, etc. will not and are here to stay. Especially in the multiverse.

    • @curiouscollectiblesAU
      @curiouscollectiblesAU 2 роки тому +2

      I think it’s because those characters are intellectual property of their respective creators.

  • @crrimz
    @crrimz 2 роки тому +8

    Two things. The crypto community doesn't have to do anything to convince Elon about web 3.0 and Solana works on proof of history, not proof of stake. Nice explanation though.

    • @azioprism3635
      @azioprism3635 2 роки тому +1

      *u just keep buying all the solana coins, after all its all you are meant to do in this simulation xD*

  • @karthickkumar9758
    @karthickkumar9758 2 роки тому +4

    Excellent explanation, so simplified yet so profound .. keep up the good work !!! Looking for more content.

  • @bmorgan2342
    @bmorgan2342 2 роки тому +1

    Solana vcs are laughing that they about to dump their bag on retail investor on sol,

  • @samuelsenne8497
    @samuelsenne8497 2 роки тому +1

    Jesus, your channel is awesome! Keep going mate...

  • @FreeLoader626
    @FreeLoader626 2 роки тому +1

    Guys check out, ironically enough, The Web 3 Project. It's going to be both a DAO with an APY feature that can auto-compound every 3 seconds with an APY of 400,000%. For the next 2 weeks only, the APY has been temporarily increased to 1.6 billion! I'd suggest to check this project out and DYOR.

  • @michaelkoehler8876
    @michaelkoehler8876 2 роки тому

    NFTs are data packets with security, endlessly programable. Web3 is a bunch of interwoven protocols trading data packets, that can be written over and secured and stored/owned locally. In previous webs we had to choose two, now we get all three.

  • @RicardoFariaPaulinoPhoto
    @RicardoFariaPaulinoPhoto 2 роки тому +2

    Elon doesn’t like Web 3.0 because he didn’t come up with it or wasn’t able to steal something related to it.

  • @edwinmclaughlin7604
    @edwinmclaughlin7604 2 роки тому +1

    This was amazing. I am grateful and impressed.

  • @Dynamics556
    @Dynamics556 2 роки тому +1

    I learned. Now I know why web 3 is called

  • @MindFieldMusic
    @MindFieldMusic 2 роки тому +1

    A conversation between Elon and Vitalik would be amazing.

  • @drewaitken8903
    @drewaitken8903 2 роки тому +4

    first

  • @mastermuffin3950
    @mastermuffin3950 2 роки тому +2

    web3 will never come to fruition it just cant

    • @mastermuffin3950
      @mastermuffin3950 2 роки тому

      you can prove me wrong by rpleying to me when it happens

  • @cherubin7th
    @cherubin7th 2 роки тому +1

    He probably worries, that web3 could end centralized businesses. He really likes to be in full control over the business and not being it a decentralized democratic network.

  • @iwatch123100
    @iwatch123100 2 роки тому +2

    Man, I am so glad the UA-cam algorithm found you for me.

  • @kenkioqqo
    @kenkioqqo 2 роки тому +1

    This channel's growth is on steroids! When I discovered it about a week ago, it had just 50K subs. Today, I've opened this video to watch it after work, and to my amazement, 91K subs on the channel!!! You're a true inspiration to me and many other fans of the channel, John. Keep educating and entertaining us. We need this.

  • @gaspargon7173
    @gaspargon7173 2 роки тому +1

    This guy deserves more views, awesome videos!

  • @1travel29
    @1travel29 2 роки тому

    I thought you sounded really familiar... Like Peter Gregory from Silicon Valley HBO

  • @ILikeGuns1992
    @ILikeGuns1992 2 роки тому +1

    Because perhaps it's against his personal interests?

  • @aimann.7027
    @aimann.7027 2 роки тому +6

    Nice video, but the conclusion that Elon fears talent drain seems naive! However, I agree that Elon is attacking Web3 for non-objective reasons.
    Remember him attacking bitcoin while supporting dogecoin was because of the power consumption. Same weird logic. He publicly supported bitcoin after setting with the miners. I think this is how Elon challenge communities, he starts attacking to let the communities produce better innovation and probably adopt a few for personal pride. I think this is his way for motivating employers as well. He plans to come on board eventually.

  • @tobismike8165
    @tobismike8165 2 роки тому +1

    Your Videos are amazing!!! Thanks!!

  • @hewhomustnotbenamed8654
    @hewhomustnotbenamed8654 2 роки тому +1

    why should we convince him, 🤷‍♂️

  • @Gigachad-mc5qz
    @Gigachad-mc5qz 2 роки тому +1

    Web 3.0 is amazing and i hope it becomes the gold standart

  • @Thecowthatcould55
    @Thecowthatcould55 2 роки тому +1

    The minute a technology becomes more about getting rich than the service itself, you have to worry about bad actors. Unfortunately, this switch normally happens quite quickly; more users, more wallets.

  • @dimfre4kske67
    @dimfre4kske67 2 роки тому +1

    If you present web3 as "connect your wallet" 90% of people will never adopt it.

    • @wessmithp5560
      @wessmithp5560 2 роки тому

      Why not, no one understood UN/PW either and now look at what we have;)

  • @jasonreviews
    @jasonreviews 2 роки тому +1

    you earned a subbed. Very informative

  • @CharlesWeill
    @CharlesWeill 2 роки тому +11

    Moxie is right, decentralized protocols change much slower than centralized APIs. As an engineer, you just need what lets you interate as quickly as possible

    • @JohnCooganPlus
      @JohnCooganPlus  2 роки тому +3

      Moxie dropped that bombshell like the day after I recorded this. So many good points in there. Will definitely have to do a follow up.

    • @krishanSharma.69.69f
      @krishanSharma.69.69f 2 роки тому +3

      Who is moxie?

    • @JohnCooganPlus
      @JohnCooganPlus  2 роки тому

      Moxie Marlinspike, the CEO of Signal (and an expert cryptographer). He wrote an excellent analysis of Web3 recently. Highly recommended.

    • @krishanSharma.69.69f
      @krishanSharma.69.69f 2 роки тому

      @@JohnCooganPlus You are so nice. Thanks for that 😊

  • @thebobo1229
    @thebobo1229 Рік тому

    These "technologies" are not new and will not be web3. I don't know why anyone even thought they would. Web3 will be something more useful and dramatic.
    Crypto currencies need a lot of work before they could be considered for widespread adoption.

  • @mantreeyt6726
    @mantreeyt6726 2 роки тому

    I don’t think anyone worth their salt takes elon seriously anymore. There’s just so much you can get away with just because you are the richest man.

  • @Poseidon_sui
    @Poseidon_sui 2 роки тому

    Nice click bait, You can’t say Elon Musk hates Web3 because he said where is Web3, I think what he meant was it’s being rolled out too slow ,

  • @TahirAli-ri3hn
    @TahirAli-ri3hn 2 роки тому +1

    You need to look at Saito Network
    And you are right that Elon is biased

  • @costaahh.
    @costaahh. 2 роки тому +1

    web3 in it's current stage is complete bs...

    • @zedrockiby
      @zedrockiby 2 роки тому

      yeah it’s just a theory at this point

  • @triadwarfare
    @triadwarfare 2 роки тому

    There is nothing wrong with Mainframe. It can be more secure than anything we have right now.

  • @LoisSharbel
    @LoisSharbel 2 роки тому +2

    Thank you for your clear and concise information. I know little about these fast moving developments and want to know more. You are interesting and deliver your thoughts effectively.

  • @GrabcuGrabcu
    @GrabcuGrabcu 2 роки тому

    Hive blockchain is a Great example of what web3 can really be. On this Blockchain are built successful games (Splinterlands), blogs, video and sound hosting platforms, decentralized crypto exchanges, you can mint NFT's on it, develop smart contracts, you name it. And users are rewarded with crypto just for liking or be liked. Crazy! #hive

  • @JesseMichels
    @JesseMichels 2 роки тому +5

    Fascinating!

    • @JohnCooganPlus
      @JohnCooganPlus  2 роки тому +4

      Was watching your video on Praxis yesterday and you were like “I won’t wade in on the Elon, Jack Dorsey, A16Z debate about web3” and was thinking to myself “lol he knows better than me.”

    • @JesseMichels
      @JesseMichels 2 роки тому +2

      @@JohnCooganPlus 🤣well I think you did a fantastic job… and break down phases 1, 2 and 3 very well! I would add a lot of Web3 uses now are purely “self referential”. I.e. you are buying derivatives of things, often, that themselves have dubious underlying value (often on either fully centralized or fake decentralized L2’s) that claim value from the transactions… and I think often tech strays towards centralization vs decentralization… but i am hopeful something awesome shakes out! And hope that’s not mutually exclusive with going to mars 😃

    • @ЕвгениГеоргиев-т1я
      @ЕвгениГеоргиев-т1я 2 роки тому

      John any chance you can do e video research on UAP's? Jesse has a few great one.

    • @ЕвгениГеоргиев-т1я
      @ЕвгениГеоргиев-т1я 2 роки тому

      @@JohnCooganPlus ?

    • @JohnCooganPlus
      @JohnCooganPlus  2 роки тому +1

      Jesse is the expert, but maybe I should interview him on the channel for what all this UAP stuff means for the broader tech community.

  • @Bruellhusten123
    @Bruellhusten123 2 роки тому

    comparing HTTP to APIs is absurd. HTTP is still used everywhere and is a protocol. APIs are well defined interfaces that allow outsiders to consume whatever the API is offering. APIs have been around before WEB 2.0 and are fundamentally different from protocols.

  • @SiHargreaves
    @SiHargreaves 2 роки тому

    Pllleasseeee turn down the volume on your channel that has that annoying click sound lol. Other than that your vids are great!

  • @PlantBasedPietro
    @PlantBasedPietro 2 роки тому +1

    What an awesome and informative video!!!! Thank you!!! :)

  • @hitmusicworldwide
    @hitmusicworldwide Рік тому

    Anyone can access it anyone can hack it anyone can corrupt it anyone can overwhelm it. Every software programmer will tell you that a single source of truth is essential when you don't know what's real and what's not when you're overwhelmed by bots in a digital virtual world, your web 3.0 solution is a nightmare

  • @wisemanalpha100
    @wisemanalpha100 2 роки тому

    he aint hates it bro, he just dislikes it. That's all.