Is Web5 a "buzzword"?

[Abiky]

Just a buzzword for now.

I would like to know how Dorsey even thinks it should work. Just saying that something is decentralized or is powered by blockchain doesn't really say anything. You need to build it first as not even tech for something like that exist. Not one that would justify "powering" it by blockchain what ever that even means.

We can't start thinking about the next iteration of the Web when previous versions aren't even mature for mainstream use. Web 3.0 is just starting to blossom, so the only way Web5 will come into fruition is if Web 3.0 is perfected. There are a lot of issues that need to be solved and a lot of things to be discovered for Web 3.0 to become a force to reckon with. Who knows what the future holds for the entire cyberspace?

So say, Web 3.0 is way different from Web 5.0.  Web 3.0 is more focus on the read-write-execution and still at a development stage while Web 5.0 is way more complex that takes advantage of emotional intelligence.  I don't think that it is only a catchphrase but rather that person took advantage of technology in early development and forcibly attached himself to it by announcing a project called web5.

Jack Dorsey is just improvising how the next version of the Web would be. There's nothing set in stone that would completely replace Web 3.0. I think we're still too early to think about designing a new version of the Web. Bitcoin may be the currency of the Internet, but it isn't an "All-in-one" solution. Making Web5 run within the BTC blockchain is a bad idea in my opinion. They could use the Lightning Network, but you'd still need to deal with on-chain fees at some point. Imagine how slow and expensive Bitcoin will be if everyone around the world used it on a daily basis. For this and many other reasons, I believe Web5 will ultimately fail. No one can predict the future so either Web5 will materialize or another version will take its place.

[DanWalker]

Perhaps I'm becoming behind the rest, I still don't fully understand the advantages that Web3 will bring us, now he mentions web5, where is web4 located?. With facebook, instagram, twitter for a normal user, I think web2 is enough for them now.
 
There is still much to be done with Web3, although it has been talked about a lot recently. It is still an emerging concept and we have not been able to exploit its full potential just yet.

[worle1bm]

It would still take time for Jack to implement the Web 5.0 and then also the developers to make application over it and then finally it's usage will be in reality but don't think so this is happening anytime soon so at this time it's niche statement for the internet and there are less tweets about it now so will see how they continue this.

[ragini330]

Just a buzzword for now.

I would like to know how Dorsey even thinks it should work. Just saying that something is decentralized or is powered by blockchain doesn't really say anything. You need to build it first as not even tech for something like that exist. Not one that would justify "powering" it by blockchain what ever that even means.

We can't start thinking about the next iteration of the Web when previous versions aren't even mature for mainstream use. Web 3.0 is just starting to blossom, so the only way Web5 will come into fruition is if Web 3.0 is perfected. There are a lot of issues that need to be solved and a lot of things to be discovered for Web 3.0 to become a force to reckon with. Who knows what the future holds for the entire cyberspace?

So say, Web 3.0 is way different from Web 5.0.  Web 3.0 is more focus on the read-write-execution and still at a development stage while Web 5.0 is way more complex that takes advantage of emotional intelligence.  I don't think that it is only a catchphrase but rather that person took advantage of technology in early development and forcibly attached himself to it by announcing a project called web5.

Jack Dorsey is just improvising how the next version of the Web would be. There's nothing set in stone that would completely replace Web 3.0. I think we're still too early to think about designing a new version of the Web. Bitcoin may be the currency of the Internet, but it isn't an "All-in-one" solution. Making Web5 run within the BTC blockchain is a bad idea in my opinion. They could use the Lightning Network, but you'd still need to deal with on-chain fees at some point. Imagine how slow and expensive Bitcoin will be if everyone around the world used it on a daily basis. For this and many other reasons, I believe Web5 will ultimately fail. No one can predict the future so either Web5 will materialize or another version will take its place.
[Think so its a buzz. But lots of technicalities are evolving. many platforms are trying to create. Have you heard of mallconomy, web based and expanding its web version]

[mumang siat]

A while ago, Jack Dorsey proposed a new solution to truly decentralize the web. He calls it "Web5". Apparently, this will be Web 3.0's successor powered by the Bitcoin blockchain itself. From a maximalist point of view, this would mean Bitcoin will be used for everything you do around the web. It will act not only as a currency, but also as a platform for decentralized applications, ownership registry, decentralized identities, and more. Isn't this what Ethereum and other copycat smart contract platforms (BNB, Cardano, TRON...) are doing? If so, then "Web5" would be no different than "Web 3.0" itself. It could be a catch phrase to lure as much investors into Jack Dorsey's little project.

What do you think? Is Web5 really a catch phrase? Or is it completely different from Web 3.0? Do you think we may be too early to replace "Web 3.0" even when the world is stuck with Web 2.0? Your input will be greatly appreciated. Thank you.

The times are required to always change every progress that exists, Web5 could be more interesting or vice versa for the future.

But the question is, whether Web5 is really needed for now, bitcoin adopters have found it easy on web 2.0 and web 3.0, what is expected is growth for bitcoin's future journey, and I don't think development is a reason to develop or not, as long as the benefits of using it can run optimally.

[Heisenberg_Hunter]

Firstly, Bitcoin isn't Turing complete and hence any kind of computations to run on top of Bitcoin is almost impossible to be carried out. This was one among the primary  reason behind the creation of Ethereum. Only recently, An year back we were truly able to define the meaning of Web3 with the widespread usage of Defi and NFTs. However, "web5" as coined by Jack is less likely to become popular, as developers won't be in a position to utilize the Bitcoin blockchain to it's full potential without being Turing complete. With Ethereum migrating to POS, we will be able to witness the centralization slowly gaining momentum and as a result developers will be coming up with newer ways to mitigate the issues.

On the other hand, it will take some time for Web2 users to be migrated to Web3 as the terminologies and functionalities are completely different from general web development and requires extra efforts for the developers to be onboarded for building dapps. As you have stated, web5 is a maximalist perception and viewpoint to bring new investors but on the whole, Bitcoin will continue to exist as Digital Gold as it isn't Turning Complete and Ethereum would continue the way it functions as a platform for developers to build decentralized applications!

[icalical]

Web3 is yet to be mainstream and even to be perfected, but some people already talking about Web4, Web5, and even Web6. I think most this is just a meaningless jargon, either the people who made up this term just want to be famous without making any new invention or they don't actually understand what is Web3 about. I would never believe in anyone who is already talking about Web4, Web5 and Web6.

[Yogee]

You never really what these billionaires do or think hehe. I actually like the idea of using Bitcoin on decentralized apps but I don't want network clogging. I'm not sure if Jack is aware of the on-chain limitations. Maybe he's thinking of sidechain applications when he said that.

It's not really something we should be worried for now. It's the big private investors who will be taking the risk first before any product reaches us.

[Abiky]

Firstly, Bitcoin isn't Turing complete and hence any kind of computations to run on top of Bitcoin is almost impossible to be carried out. This was one among the primary  reason behind the creation of Ethereum. Only recently, An year back we were truly able to define the meaning of Web3 with the widespread usage of Defi and NFTs. However, "web5" as coined by Jack is less likely to become popular, as developers won't be in a position to utilize the Bitcoin blockchain to it's full potential without being Turing complete. With Ethereum migrating to POS, we will be able to witness the centralization slowly gaining momentum and as a result developers will be coming up with newer ways to mitigate the issues.

On the other hand, it will take some time for Web2 users to be migrated to Web3 as the terminologies and functionalities are completely different from general web development and requires extra efforts for the developers to be onboarded for building dapps. As you have stated, web5 is a maximalist perception and viewpoint to bring new investors but on the whole, Bitcoin will continue to exist as Digital Gold as it isn't Turning Complete and Ethereum would continue the way it functions as a platform for developers to build decentralized applications!

Exactly. Bitcoin isn't Turing-complete, so the only way Web5 will work is through sidechains or off-chain scaling solutions. But I think we should leave all of this to ETH and its variants, as they're well-suited for this purpose. Bitcoin works better as a single-purpose tool (currency) than anything else. Web 3.0 is still in its infancy, so there's a long road ahead before we can even think about the next iteration of the Web. Even Web2 hasn't been phased out completely from existence.

What Jack Dorsey did was nothing more than a "marketing stunt". Whenever Web5 will become a reality or not, it's yet to be seen. I'd focus more on Bitcoin since it's the one that will radically transform the global economy in ways that we've never imagined. Just my thoughts

[vv181]

Firstly, Bitcoin isn't Turing complete and hence any kind of computations to run on top of Bitcoin is almost impossible to be carried out. This was one among the primary  reason behind the creation of Ethereum. Only recently, An year back we were truly able to define the meaning of Web3 with the widespread usage of Defi and NFTs. However, "web5" as coined by Jack is less likely to become popular, as developers won't be in a position to utilize the Bitcoin blockchain to it's full potential without being Turing complete. With Ethereum migrating to POS, we will be able to witness the centralization slowly gaining momentum and as a result developers will be coming up with newer ways to mitigate the issues.

Exactly. Bitcoin isn't Turing-complete, so the only way Web5 will work is through sidechains or off-chain scaling solutions. But I think we should leave all of this to ETH and its variants, as they're well-suited for this purpose. Bitcoin works better as a single-purpose tool (currency) than anything else. Web 3.0 is still in its infancy, so there's a long road ahead before we can even think about the next iteration of the Web. Even Web2 hasn't been phased out completely from existence.

Ethereum made its way as a pioneer to make smart contract works like a charm within cryptocurrency spaces, without a doubt it might be the leading one. But, that doesn't mean there is not any development or progress that being made within the Bitcoin ecosystem.

If we take a look at the RGB protocol or Taro, the project may be in its infancy, but still, progress is still being developed, so we could see the potential of smart contracts exists in the Bitcoin ecosystem.

Regarding the Turing-completeness, we can refer to:

First and foremost it depends on how exactly you define Turing-completeness. In simple words you can say that RGB is as Turing-complete as Ethereum.

[Abiky]

Ethereum made its way as a pioneer to make smart contract works like a charm within cryptocurrency spaces, without a doubt it might be the leading one. But, that doesn't mean there is not any development or progress that being made within the Bitcoin ecosystem.

If we take a look at the RGB protocol or Taro, the project may be in its infancy, but still, progress is still being developed, so we could see the potential of smart contracts exists in the Bitcoin ecosystem.

There are many smart contract projects built on top of the Bitcoin blockchain. But they're separate solutions. The main Bitcoin blockchain has only one function and that is to serve as a currency anyone can use as payment for goods and/or services. It would be insane to use the main chain for the Web, as that would increase fees by a large margin. Only sidechains and/or off-chain scaling solutions will do the trick.

With the RGB Protocol, Taro, and even RSK, we don't need to look elsewhere. Jack Dorsey's dream might come true if Web 3.0 is perfected, but I think we're still too early to talk about the next iteration of the Web. Who knows what the future holds for this emerging industry? Just my opinion

[vv181]

Ethereum made its way as a pioneer to make smart contract works like a charm within cryptocurrency spaces, without a doubt it might be the leading one. But, that doesn't mean there is not any development or progress that being made within the Bitcoin ecosystem.

If we take a look at the RGB protocol or Taro, the project may be in its infancy, but still, progress is still being developed, so we could see the potential of smart contracts exists in the Bitcoin ecosystem.

There are many smart contract projects built on top of the Bitcoin blockchain. But they're separate solutions. The main Bitcoin blockchain has only one function and that is to serve as a currency anyone can use as payment for goods and/or services. It would be insane to use the main chain for the Web, as that would increase fees by a large margin. Only sidechains and/or off-chain scaling solutions will do the trick.

With the RGB Protocol, Taro, and even RSK, we don't need to look elsewhere. Jack Dorsey's dream might come true if Web 3.0 is perfected, but I think we're still too early to talk about the next iteration of the Web. Who knows what the future holds for this emerging industry? Just my opinion

Yes, talking about the ecosystem, smart contracts solutions are offered with a sidechain network or layer 2, Rootstock and Blockstream Liquid to be precise.

The whole point is I agree, but I prefer to look it over the ecosystem of bitcoin itself, and the technologies within instead of solely based on iteration of where we going forward. It's rather a buzzword to hear web3/web5 for me. As you might say, "catchphrase".

The things that web3 promises to let user take fully control of what they are doing and own is, indeed, far from perfect, but it doesn't matter what marketing buzzword they provided to attract users if the underlying technologies that being offered are lack of foundation or principle, it's not going to works.