snejad123

A true metaverse will be very difficult to create until we have brain-computer interfaces.

All VR devs are entirely focused on the visual/audio output of devices but one very important detail that is missing is the illusory sixth sense, the kinesthetic receptors.

You can solve x-y axis movement with treadmills, but how do you simulate z axis movement without anyone getting sick ?

This is why a lot of people get nauseous on VR roller-coasters. I personally cannot use a VR device for more than 30 minutes without getting ill.

Personally, I think the steps of XR evolution will go like this:

(1) VR restricted to stationary games that don't require a lot of movement. The stage we're at right now.

(2) AR goggles/glasses are most likely to be more desirable than VR within the next 100 years because they're improvements on the existing world rather than replacements. Workplace tools, heart rate metrics, etc. Basically the first working versions of these will be porting the main apps of iWatch to a glasses interface.

(3) Lateral (x-y axis) VR could be improved to provide more immersive entertainment and games. Still nothing groundbreaking, and you're going to be restricted to using a very expensive treadmill.

(4) Once brain/computer interfaces are successfully developed and approved by government regulating bodies for production and release, then people can plug into the "metaverse". I'm guessing this is at least 100 years or more away (that might be optimistic too)

Also an important thing to note is that the infrastructure needed to support a living metaverse is very important. There is a big question mark on what this is going to look like coming out of a megacorp (especially one as greedy as FB). The internet had the luxury of being open/free/ad-free in the beginning, and had a strong developer community. Apple was successfully able to build a dev community for their iPhone but them and Android are really the only good examples I can think of.

People even avoid developing on Microsoft's OS for less restrictive open-source alternatives.

I think Kobe Bryant working on his free-throws from 4 AM to 8 PM every day for decades is much harder work than some dude making dogecoin over a weekend or minting an AI-generated NFT.

Wealth is not linear, it's not promised as the result of "hard work". Hard work helps, but it isn't the determining factor of whether or not you'll get a payout.

You must work hard in a domain that has public visibility and actually produces something of value to people. And yes, Basketball (and watching it) is extremely valuable to a lot of people.

that's fair, and you actually have an informed view on this matter.

The solution you have come to is a fair one (which is that truly developing a decentralized infrastructure that is reasonably priced to run apps on has too many challenges to succeed, at least the current solution that ethereum is providing).

I have hope that these problems can be surmounted by the ethereum development team. There are lots of challenges, and that is why everyone says we are at the beginning stages.

I think it's worth a shot, and if it succeeds I do believe we'd live in a better society.

yes you are right, but still:

(staking fees && smart contract fees) <<< (overhead of running a multi-billion dollar corporation)

I think you fundamentally don't understand what Ethereum is trying to do if you are thinking like this. I suggest you read the documentation and learn about what the infrastructure actually allows you to do.

Ethereum will allow you to deploy a smart contract that enables taxi drivers to provide that service to taxi customers. You do not have any employees and rather the taxi drivers will decide whether they wish to use your contract or not.

For making money: you can create a token which allows holders to have shareholder rights. You create a governance board to which the token shareholders vote on matters related to the business (expansion, token buy-back protocols, etc).

You're thinking with a centralized mindset. This decentralizes the service so it's driven by the community rather than a company. No one has employees.

So the service itself runs for pretty much free, and the consumer only pays overhead of staking and any programmatically added fees (which is going to be much, much less overhead than Uber carries).

check out some of the DeFi projects for more hands-on applications (they all have githubs too):

Sushi, yearn, aave.

Right now with the current function invocation costs, ethereum ecosystem cannot support meaningful apps outside of trustless banks which is why L2 is extremely important. It's going to unclog a massive drain if done right.

Yah I totally agree and I don't like the fact that tech giants like Elon & Jack are using their influence to fluctuate the price of crypto so they can make a few bucks. I find it greedy and disgusting.

I think these guys have become pretty delusional with the amount of power they experienced the past few decades.

The true crypto movement inside the developer circles of ethereum is trying to displace these assholes by flipping the value infrastructure to the actual service provider rather than the one who sits at the top of the centralized pyramid.

It will help poor people in the long-run when it allows more accessible services like driving and food delivery to pay more to them.

It may not work, but it's worth a shot and theoretically possible.

This current system of mega-billion dollar centralized tech businesses is actually very unnatural and strange in my opinion.

well not sure what this proves, but I guess you can bet against the ethereum developers delivering. I'm personally not making that bet, but if you want to do so, that's your view of the world lol.

You are on YC's forum!

I suggest you learn how the price of a product or service changes based on regulation, cost of employees, the amount of money a business owes in loans, basic stuff!

More overhead adds to the cost.

A smart contract infrastructure will not have zero overhead, but it will be close to it. Much less than a centralized service provider.

There is no "middlemen" but more just one "middleman" which is the smart contract which each will have a different protocol and how they handle fees.

Some will use it to pay for API calls, others will use it to do some automated token buy-backs. Depends on the contract. And the beauty is, the contracts are all publicly available so you can read it before requesting to the service.

not to mention millions of dollars are being loaned out and moved around platforms like yearn and aave right now.

There was also a crypto-downturn in their years of operation and these two protocols didn't need "bailouts" to survive.

They will in 5 years when it's worth 2x that.

A decentralized marketplace is more akin to what you would see in ancient bazaars of Mesopotamia.

It will allow vendors to collect more money for their service while at the same time allowing customers to pay less for the same service.

This is because a decentralized service does not need a thousand people and billions of dollars of VC funding to run (take Uber for instance).

Instead there will be the smart contract (which will require funding so there will be a very small fee per transaction), the governance body (which is going to be like the shareholder system of the stock market so token holders), and the vendors themselves.

Multiple layers of waste will be cut (middle management, needing an actual corporation to provide a service) and it's a more natural way of doing business. It's a pretty radical shift from the way we're doing things now and the wheels are in motion which is why so many people are excited.

the onus is not on me to hand-deliver you information. I'm just here to say OP is wrong, speaking emotionally/egotistically, and spreading trite arguments that have been debunked time and time again.

Go ahead and google "L2 ethereum" and "ethereum proof-of-staking migration". If you want to dive deep into the ecosystem it's all in plain sight for you to do so.

There is a lot going behind the scenes and I simply don't have time to regurgitate the information.

no you cannot deploy an uber-like taxi app on AWS for fractions of a cent.

More like billions of dollars and thousands of employees plus regulations.

It's not just about the deployment infrastructure, it's also about the actual vendor-client interaction and the cost of running the service, and where the incentives are.

Stop trying to play cute. If smart contracts decentralize services that means that vendors collect money directly from the user with all the middle men reduced to a governable smart contract.

What does this mean ? Do you really need handholding to figure it out ?

It means that services will incur less fees for the client, and end up putting more money in the pocket of the vendor.

More money from the same transaction to the vendor == value by definition to the vendor.

Less fees from the same transaction for the client == value by definition to the user.

Saving money on services is perhaps the greatest value to society you can do. Who wouldn't want more money ? Is this not valuable to you ?