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Web3 Needs Its Own Databases To Succeed by taskmaster4450

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· @taskmaster4450 ·
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Web3 Needs Its Own Databases To Succeed
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How can Web3 expect to succeed without any databases?  Web 2.0 has spent years building theirs.  This is something that Web3 is going to have to build out.

In this video I discuss how Web3 is suppose to replace Web 2.  How can Web3 be the next generation internet if it doesnt have any databases?  This is the foundation of the Internet with every website having one.  Therefore, we are going to have to see this build upon Web3 platforms.

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@ai-summaries ·
**Summary:**
Task discusses the current limitations of Hive, highlighting the lack of services and databases that make it a destination platform. He emphasizes the importance of developing applications tied to databases to enhance Hive's appeal. Task stresses the need for incorporating various areas of interest like music, sports, finance, and news to attract users. He points out the absence of essential data like state capitals, population figures, and cryptocurrency prices on Hive. Task emphasizes the need for Hive to become a comprehensive source of information and a hub for various services to attract and retain users effectively.

**Detailed Article:**
In this video, Task talks extensively about the shortcomings of Hive as a destination platform due to the lack of services and databases. He raises concerns about the limited activities on Hive, listing blogging for money, swapping HBD and Hive, minor games, and threads as the primary offerings, which he deems insufficient. Task emphasizes the urgent need for creating databases on Hive and developing applications that can transform the platform into a compelling destination for users.

Task highlights the potential areas for development on Hive, including music, hobbies, business, finance, stock markets, and news. He stresses the importance of integrating financial services like lending, bonds, synthetic assets, exchanges, liquidity pools, and NFTs to enhance Hive's functionality as a destination. Task acknowledges the limitations of certain features like liquidity pools, noting that they might necessitate utilization on a sidechain rather than directly on Hive.

Furthermore, Task discusses the transition to Web 3 and the imperative to move data from Web 2 to Web 3 for Hive to evolve effectively. He points out the absence of crucial data and information on Hive, such as geographical facts, historical events, stock market updates, and cryptocurrency prices, resulting in users seeking such information elsewhere.

Task highlights the need for Hive to provide a wide range of services, including communication, entertainment, news, and information, to attract and engage users effectively. He draws comparisons with popular platforms like Twitter, Wikipedia, and financial news websites to emphasize the gap in service offerings on Hive.

Additionally, Task stresses the significance of building databases for various types of information, including statistics and historical data, to enrich the platform and make it a go-to source for users. He argues that the absence of comprehensive data on Hive is a significant hurdle in positioning the platform as a destination for diverse user interests.

In conclusion, Task reiterates the critical need for Hive to address these fundamental issues to become a prominent destination platform. He emphasizes that incorporating essential data, developing a wide range of services, and providing comprehensive information are essential steps in enhancing Hive's appeal and usability.

---

*Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.*
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@allentaylor ·
The blockchain is its own database. I do understand your point about bringing more services to Hive, but do we need all the same data provided on Web2? Maybe we need a different kind of data.

How about this? Make the data that is available on the blockchain more accessible. There are some developers who are doing this, but there is always a way to do it better, or to make data more accessible. For instance, in a conversation with one witness about downvotes, he made some comments that he believes are true (and they could be), but when I asked for a place to go to where that data could be verified, he said I'd have to perform an SQL query, if I knew how. Well, why should I have to learn how to do that if the data is available but only accessible to people with a certain skill? 

The beauty of Web2 is that a lot of developers have created tools that make accessing information easier. Alexa was an awesome resource for finding information about websites such as traffic, competitive ranking, etc. That is, until Amazon bought it. Other services also make Web2 a better place.

Before Google, finding information online was hit and miss with search engines and web directories. Google made it easier by counting backlinks. Over time, they've honed their information retrieval services to a certain tipping point. Unfortunately, now Google favors advertisers over website optimizers. Oh well, good things reach their end.

As you mentioned, there are countless databases where users can access information on Web2. But the beauty of that isn't that there are databases, but that the databases are accessible to anyone without the need for technical skills. 

So, I'm agree with you in a sense and disagreeing in another sense, but I think we do need those kind of services on the Hive blockchain. One thing I would disagree with is that Web3 is going to replace Web2. No it won't, and it shouldn't. It's an additional layer on top of the Web3 that is already there. Web2 didn't replace Web1. It just made it better. Web3 should make the Web, overall, better. If it doesn't improve the Web, then it shouldn't be. Maybe our focus should be on improving the Web and providing *better* services to Web users, or services that can't be accessed on Web2.
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@cre47iv3 ·
It occurs to me that you can create a task board where users can apply to periodically produce content on topics chosen by the communities in each niche. The issue is that it requires a planning and strategy similar to that of a newspaper. A less relaxed behavior in posting habits, with defined tasks, calendars, delivery schedules, etc...

I don't know if it is the biggest consumption of social networks, articles are for people who read and it is not what is most abundant nowadays. There is a consumption dynamic in traditional networks that generates addiction. This is not my invention, there are studies on the release of dopamine when waiting for new content. 

Perhaps it has to do with the difference in the number of active users on the platform, but it is a phenomenon that I don't feel is happening here. One detail that catches my attention is the lack of short videos. 3speak and Leo should work in unison together with Liketu. Short, quickly consumed content is the bulk of the most consumed social networks (tiktok, twitter, instagram) Videos that play themselves when you swipe the timeline, content shared by like-minded people (your followers) and diversity. You have to make the variety of content increase. The problem is invisibility in search engines, lack of centralized authority with paid marketing campaigns, the difficulty gap (something Leo made a lot of progress on) and creating even more content on mainstream social networks.

It would help also a referral system, doing an onboarding with all the mentoring takes a hell of a lot of time. My last post is about that coincidentally!
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@ganjafarmer · (edited)
 Amateurs discuss and debate tactics and strategy. 

**Professionals discuss logistics**
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@outwars ·
I agree to what a lot of what you said. We want to offer things that people want to entice them to Hive. But I think databases are just a small part of the bigger problem. If we take NBA news for example, sure we can create a website for NBA on the Hive blockchain. But who will use it? At most it will just be other Hive accounts. Just having a website is not enough, we need the connections to make people want to view us. NBA.com has the exclusives. A new website can't pay people like Adrian Wojnarowski to get the earliest news. It is hard to get insider information for teams, because they are already taken by other companies. You can offer more to try and get them, but that is a big risk for a startup. Someone like me can make articles, but why would the average fan read it if it doesn't have new information.

While we do need to offer things for the public, I think we still need to grow our user base as a whole. I don't think going against the big corporations is viable right now. We need to focus on niches where we see cracks and have a bigger chance of success. Gaming is one, financial market is one, Inleo and short form posting is another. Once we have a better foothold on those, we can start our own Esports tournaments, offering more crypto investment opportunities, try to beat other social platforms like Instagram/Tiktok by offering better earnings for smaller content creators.
👍  
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@allentaylor ·
I agree that we should focus on smaller niches. Gaming is huge on the blockchain. Splinterlands created a niche for itself. There are growing financial markets. InLeo is building quite a community. As people find things that interest them on the blockchain, they'll invite their friends.
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@outwars ·
I have read some posts of people promoting Hive in their local businesses, within their town. They invite businesses close to each other to use Hive and endorse others that do as well. From there, they slowly want to expand outward. I think it is an interesting and could be an effective approach.
👍  
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@pepetoken ·
Blockchain is the database. Not being indexed has created numerous problems and challenges.  Yes yet another good point and information you bring up and share.
👍  
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