Demonstrate a use case where Web3 users can trade, sell, or rent movies and make money from the market instead of relying on VCs or crypto investors.

If we look at platforms like Nostr, Mastodon, Lens, and Matrix, all of which talk about the decentralized network of relays/nodes, none of them address personal vaults and person-to-person communications.

Similarly, NFT markets don't talk about DRM for off-chain data or person-to-person sales/rentals.

We need to show that people can sell directly to one another without intermediaries. Since an individual's ability is limited, they may turn to Elacity as a bazaar market intermediary to help promote their goods. Unlike Netflix or YouTube, Web3 content owners may withdraw from an intermediary at any time. For example, you have 50 copies of a movie, list 30 of them on Elacity and 20 from your own PC2 vault directly.

I hope Elacity and Trinity-tech's Carrier2.0 can demonstrate what the SmartWeb can do in Q2, 2023.

However, I cannot predict for certain whether the SmartWeb will be successful after these two points are proven.

Many people talk about "Web3 is to own data," but they haven't considered that owning data means there must be a place to store it. This is basic computer science. Another point to consider is that if apps can open an internet socket at will, they can steal user data in any way they like. For example, Google used to claim "do no evil," but this implied that they could be evil, but just don't do it.

Why can't the world see this? I believe that many have known these two issues all along. You can't wake someone who pretends to be asleep. All I can say is that I am deeply disappointed by this stupid world.

Reply to this note

Please Login to reply.

Discussion

- Ring Chen