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0 sats \ 1 reply \ @k00b 10 Feb 2022 \ on: Web3 had better not be Transaction Cost Hell | Noah Smith bitcoin
The two main insights from the article are:
  1. "Web3" is mostly just introducing excludability to the web
  2. The non-monetary (psychic) transaction costs of micropayments might be too high and while commons in the extreme are a certain kind of hell so is private property in the extreme
I've heard (2) discussed a lot. I think increasing excludability everywhere is bad, but so are commons have problems too. This is one reason why I think keeping post/commenting costs on SN low is the right move.
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10 sats \ 0 replies \ @thrown 10 Feb 2022
point 2 is why i think something like urbit makes a lot of sense.
these ubiquitous micro transactions are mainly to handle offloaded compute. but most compute actions aren’t even that intensive. you can just do it with your own server and be done with it.
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