Any thoughts on Web5 vs Web3?

[serjent05]

As far as I understand Web3 is yet to be fully developed and it still needs a lot of time to be fully functional while web5 is just some plans and the grounds for it are yet formed.   I also agree with the reply that this web5 thing is only buzz word or someone just announced it for dibs. 

Web3 is yet to be fully developed and integrated so this web5 stuff will not happen anytime soon.

[PX-Z]

I do have one question, though: What happened to Web 4?

People comes up the idea and call it web5 for marketing gimmick. Even there's no firm idea how web3 works and even fully integrated, web4 and web5 already exists by their own terms and definitions.
In fact, most internet users just interact more on web2 concept of internet.

[GxSTxV]

Unfortunately, even web3 and it wasn’t fully used and explored well for many reasons and one of the important reasons is security, people are afraid of even trying or apply web3 applications for their companies because of several attempts and breaches in hacking these applications which leads every time to huge losses. Without talking about the noose formed by govs against crypto and anything related to such as web3.
Web4 is a better development in my opinion and a very useful one after merging AI with many applications and discovering the limitless of artificial intelligence, But web5 honestly i have no information about it yet. And i think it’s a bit early to go for it as we may still see more updates with Web4 and AI.

[BenCodie]

I know the idea of Web5 is still brand new (I think maybe the first one or two Web5 apps came out recently or are about to come out), but being based on Bitcoin and other decentralized technology I think it seems like a much more firm basis to build a "web 3.0" crypto economy than the token/gambling focus of Web3.


Anybody on here looked into the Web5 concept a bunch? What are your thoughts?

You mean that crappy spin-off by the founder of twitter?

Garbage. Just a tacky marketing scheme to promote his own language and ecosystem. There is no chance that he will be able to conquer the internet with web5, when web3 already exists and is serving a fantastic purpose.

I think Web3 is looking more and more like a failure. As it has ended up just focusing on silly useless NFT pictures and an endless creation of token gambling projects. The idea of Web5 seems to be more about actually building a decentralized app economy with Bitcoin as its currency, rather than the hodgepodge of endless fads and investment schemes that make up Web3. The idea of tokens I think is what will end up killing off the smart contract chains and Web3 - because instead of building useful things it just draws everyone (creators and consumers) into get-rich-quick money making schemes which ultimately fall apart because there is no substance to them. That's not how you build a sustainable economy. Crypto tokens makes the focus on money making schemes, rather than actual businesses.

If you are only looking in the areas where you will see silly NFT pictures, token gambling projects, "endless fads" (fads always end, btw, makes no sense) or investment schemes, then of course your opinion of web3 will be skewed. The fact is that this is extremely incorrect. If you take away the bad and look at the technologies that have been created via web3, especially that of what is within decentralized finance then you will see that web3 is actually extremely prosperous and enables a lot of good capabilities that will improve day to day life, if crypto is adopted as a mainstream currency.

I'm not totally informed on Web5 but it seems to be the idea of making actual decentralized apps with decentralized identity and data storage with decentralized payments with Bitcoin.

It seems that you are not totally informed on web3 just as much as you are not informed about web5. Decentralized apps, identity, data storage, payments with Bitcoin, are all possible with web3.

[goaldigger]

I do have one question, though: What happened to Web 4?

People comes up the idea and call it web5 for marketing gimmick. Even there's no firm idea how web3 works and even fully integrated, web4 and web5 already exists by their own terms and definitions.
In fact, most internet users just interact more on web2 concept of internet.

Indeed, they are just trying to hype their project and for sure just want to get the money from the investors.
Web3 are still not fully operational since many are still using the normal Web option and if a project already claims to be the Web5 and have a good innovation, better to think again before investing.

[samcrypto]

I do have one question, though: What happened to Web 4?

People comes up the idea and call it web5 for marketing gimmick. Even there's no firm idea how web3 works and even fully integrated, web4 and web5 already exists by their own terms and definitions.
In fact, most internet users just interact more on web2 concept of internet.

Indeed, they are just trying to hype their project and for sure just want to get the money from the investors.
Web3 are still not fully operational since many are still using the normal Web option and if a project already claims to be the Web5 and have a good innovation, better to think again before investing.

Exactly, we are still not done with Web3 and if there's a Web5 already that only means Web3 is not that good.
Though I still see some projects coming in using the Web3 platform and its promising. That statement for having a Web5 technology is indeed using it for their marketing gimmick, many will surely follow that hype but if you know how to analyze a project, you can easily notice what is fake here.

[Webetcoins]

Web3 didn't just fade away but it was never really used much for developments as of now, and I thought we are yet to enter the era of web3 now I'm hearing about web5 already, we should first give some time and space to web3 and see if apps and platforms developed using the actual web3 tools and techniques work well or not, and then we should reach a conclusion if it doesn't work as per our expectations, we have only seen it being hyped but not being used.

Whatever projects promoted themselves to have utilized web3 actually lied, I've not seen a single platform that has actually utilized web3 technology and didn't just use the name for marketing, so I personally believe web3 needs its time, and developers need to focus on it and use it so that it can be seen by the world.

[vv181]

I believe there is currently no significant outlook for both of them. Web 3.0 does not yet deliver its promises, in fact, currently, it is recognized as a scam for regular users. While on the other hand, Web5 is merely a buzzword to mock Web3 developments. It does have an attempt to solve crucial issues that Web3 lack of, but as of now, there isn't any hope it would be achieved sooner.

A lot of time and development still required to make it perfect, and also solid and rigid usecase is also essential in order for both these thing became popular.

[o48o]

I know the idea of Web5 is still brand new (I think maybe the first one or two Web5 apps came out recently or are about to come out), but being based on Bitcoin and other decentralized technology I think it seems like a much more firm basis to build a "web 3.0" crypto economy than the token/gambling focus of Web3.


Anybody on here looked into the Web5 concept a bunch? What are your thoughts?

I think Web3 is looking more and more like a failure. As it has ended up just focusing on silly useless NFT pictures and an endless creation of token gambling projects. The idea of Web5 seems to be more about actually building a decentralized app economy with Bitcoin as its currency, rather than the hodgepodge of endless fads and investment schemes that make up Web3. The idea of tokens I think is what will end up killing off the smart contract chains and Web3 - because instead of building useful things it just draws everyone (creators and consumers) into get-rich-quick money making schemes which ultimately fall apart because there is no substance to them. That's not how you build a sustainable economy. Crypto tokens makes the focus on money making schemes, rather than actual businesses. I'm not totally informed on Web5 but it seems to be the idea of making actual decentralized apps with decentralized identity and data storage with decentralized payments with Bitcoin.

Tech for it is so far away, and the concept could be done with something else than bitcoin. Jack Dorsey who came up with the web5 term is just a bitcoin maxi.
But it's been a long time coming and after all the issues with are figured out, there will need to be tech that's so new it needs to be tested for years before anything big can be adopted into it. For a long time it will be just a hobbyist playground with ton of privacy and security exploits to deal with.

[Xal0lex]

WEB3 has been fully realized as something technological. All we have seen is an attempt to speculate on this technology and nothing else. Whether it's WEB5, WEB25, etc., it's unlikely to change anything. All the technology in cryptocurrency is almost irrelevant, everyone just wants to make money. WEB3 has suffered the same fate, no one is properly using this technology, projects are trying to just parasitize on it and make money. Can this be considered a failure of technology or a failure? Hardly, because no one is not interested in the utilitarian features of technology, everyone is interested in how much you can earn on this technology, and most importantly, how fast.