Technologist Yat Siu believes the “open metaverse” — a decentralized version of the internet also known as web3 — is laying the foundation for a freer, fairer, more prosperous society. In a future-focused talk, he explores the transformative possibilities of web3, from enabling digital ownership and the creator economy to providing a much-needed update to capitalism.
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26 Comments
World economic Forum ( you will own nothing and be happy ) let that sink in ….
It's a dream because it's fake
It's an incredible view of the future. Definitely. Places like the Middle East, France, Southeast Asia, and Latin America are already getting on that train. Surprisingly, there are a lot of people that still don't understand the capabilities, and where this is all going in a couple of years. I think this man is way ahead of his time, hence why this is not very easy to understand for so many people.
It's exactly a mirror of what the real world is, but now it's translating into the digital world, as many many people live their lives through their computers, and will start to protect their personal data, their creations online, and the stuff that they buy online as well.
Fun times ahead.
The dream of "digital ownership" is a contradictory statement for cannot own what does not actually exist. You can own something that a digital stand in represents but the digital artifact itself cannot truly be owned.
where two world's clash , that of reality and insanity. The material and the Imaginary. Like a real Ice Cream and a cartoon Ice cream ,one that can never be eaten.
The metaverse in my opinion is the old concept of 3D intermet experience renewed because of all the hype. However in reality we already have a metaverse, it’s called Grand Theft Auto Multiplayer 😅😂
What a load of nonsense. Line goes up!
I am pretty sure that to most people that's a nightmare not a dream.
No one needs or wants this, except people who have already dumped a bunch of money into it.
A new occasion for grifters to leverage millions for empty worlds and promises. All in a neat package ready for thirsty investors
Ownership is what you can pass-on and transfer
What is ownership when you don't even own your dematerialised games, music, podcasts, digital currency, nfts. It's all platform / project dependant
What can you leverage when the service you invested in doesn't not exist anymore or is deprecated ?
Hard pass
No.
666…a prison
Tedtalks, the scammer and grifters platform.
I have never disagreed with a Ted Talk more. There are much smarter software solutions and systems we already have available that are better for ownership. Web 3 and NFTs largely remains a massive scam and scummy way to exploit people for money
Ted, we need to talk. Sounds like wordplay, but seriously. We have to talk.
DRM, copyright, nfts…
Imagine engaging in fantasy escapism while bringing the worst parts of the real world with you.
I digitally own the Talmud NFT
Digital ownership is my new favorite oxymoron.
Scarcity/Ownership is a bug of physical systems not a feature. Attempting to replicate that bug into digital spaces where it doesn't naturally exist is folly.
We are still talking about something like this? This is not the future, it is just a fetish that tech people love (and would not benefit anyone, made it real).
Boooooo
Any serious researcher of web3 knows these "decentralized" blockchains are actually highly centralized in a few actors, data centers, compute brokers and exchanges.
He did an excellent job explaining this. His comparison to serfs made me understand exactly what is going on. He is correct. They are the landowners and we are serfs on their land. They can banish us at any time.
My ancestors were cleared from the land in Scotland. They had no use for them anymore and they were simply forced off the land they had lived on since the beginning of time. The man who would have once been their Clan chief owned all the land and they owned nothing. It is incredible to me that one man can claim ownership of massive areas of land which was there before humans existed. Who has to right to sell it to him? How does he claim the right to own it? Yet this is still the case today. A tiny number of people own nearly all the land in Scotland.
It seems very bleak indeed to realise that this is again the case again. We can be banished from the town square of Twitter. I read about someone having their smart devices shut down by Amazon because they thought he had said something racist, which he had not.
What a sad futile future we have ahead of us. Virtual wars in virtual worlds where human rights don't matter against billionaires who own literally the entire world in which we are communicating with each other.
I'm not on any social media, I don't think YouTube counts as it is watching videos and I really don't want to be. Hopefully, I will die and get away from this hellish bleak future he describes. There is nothin in that world for me. This virtual world is killing humanity and I see it in how everyone treats each other in the real world.
I feel so depressed that humanity has come to this.
"from enabling digital ownership and the creator economy to providing a much-needed update to capitalism"
TED you're a joke. This is capitalism on steroids, unchecked and uncontrolled.
Im already done with Tech. I leave my phone off and at home every opportunity. VR was an interesting fad I havnt felt the need to revisit in over 3 years. Internet is not what it used to be and too much tracking and prying. As soon as the masses work out tails, linux and onion network its all over for big tech and "dream" of thought policing, censorship and mass surveillance and I predict will happen in this coming crash. Most people I speak to were already disillusioned with it all long ago. You tube is about the only thing worth giving time to on internet now and even that appears to be loosing its edge due to daft policies.
Could anybody explain what is metaverse