Web5 is a new decentralized web framework based on the Bitcoin Lightning Network designed to replace Web3. 

#webdevelopment #crypto #TheCodeReport #web3 

🔗 Resources

Web 5 Overview https://cryptoslate.com/web5-announced-by-jack-dorseys-block-to-replace-web3-as-future-of-internet/
Web5 Tweets https://twitter.com/brockm/status/1535999323732815872
Web5 Slide Deck https://bestpitchdeck.com/tbd

🔖 Topics Covered

- What is Web5?
- Web3 vs Web5
- Decentralized Apps
- Crypto news
- Will Web5 replace Web3?
- How does Web5 work?
2024-02-04T13:36:09.748Z
nova-2
2-general-nova
2024-01-09.29447
30089e05-99d1-4376-b32e-c263170674af
5c2e736d-1f54-43ec-9cec-8f18bdc2c1a0
b8bf555ce4c505972592a90d3185aa55fa64c165bfe4b47a2bfcd56bfe44d925
67875a7f-c9c4-48a0-aa55-5bdb8a91c34a
deprecated
It is June 13, 2022, and you're watching the Code Report.
Things move fast on the World Wide Web.
Just a few months ago, Web 3 was all the rage.
But then, Bitcoin crashed 50%, NFT sales collapsed, the Ponzinomics of tokens like Luna stopped working, and even networks like Celsius and changes like Binance are not letting people get their money out.
This is all totally normal and nothing to be concerned about at all.
The Lambos are still coming.
Now, if you I've been paying attention, we've already moved ahead to web 5.
Because just the other day, billionaire Jack Dorsey steamrolled right over web 4 and announced web 5, which they're calling the decentralized web platform.
Like most people, you might be thinking that this announcement is satire.
You serious?
But apparently, they're totally serious about it.
It's being developed by the block head unit at Block, formally Square, and the idea is to provide a decentralized Internet layer based on Bitcoin's Lightning Network, where users own and control their data and have a wallet just like web 3, that can connect their identity to any app without needing to sign up and explicitly share their data with the host app.
When when it comes to app developers, instead of building PWAs, you would build DWAs, where the web app is not served by a centralized app server, most likely owned by Amazon, Google, or Microsoft, but rather a decentralized node owned by some other user on the network.
Most notably though, there will be no tokens involved other than Bitcoin itself.
That means end users won't have to worry about investing in all these different shit coins, like this one called Ethereum that went from 48100 to 1200 in just a few months, not to mention the insane gas fees that you have to pay just to perform trivial transactions with web 3.
And as many critics have pointed out, the current state of web 3 is not decentralized at all, but rather controlled by a small number of VCs and Silicon Valley insiders.
It's unfortunate because decentralization is a really awesome concept for the Web.
You don't actually need cryptocurrency to make it work, you just need a bunch of people participating and benefiting from the system.
BitTorrent has been doing this for file sharing long before Bitcoin was even a thing.
Now the funny thing about Web 5 is that it's being spearheaded by Jack Dorsey, a CEO with an excellent track record of not caring about your speech, privacy, or freedom.
You're a big fat then Foti.
Like, you wouldn't want Mark Zuckerberg to be king of the metaverse.
In the same way, you definitely don't want Jack Dorsey to be king of Web 5.
Personally, I'm putting all my bets on Web 6, which is already under development by Snoop Dogg.
This has been the code report.
Thanks for watching, and I will see you in the next one.

Speaker 0: It is June 13, 2022, and you're watching the Code Report. Things move fast on the World Wide Web. Just a few months ago, Web 3 was all the rage. But then, Bitcoin crashed 50%, NFT sales collapsed, the Ponzinomics of tokens like Luna stopped working, and even networks like Celsius and changes like Binance are not letting people get their money out. This is all totally normal and nothing to be concerned about at all.

The Lambos are still coming. Now, if you I've been paying attention, we've already moved ahead to web 5. Because just the other day, billionaire Jack Dorsey steamrolled right over web 4 and announced web 5, which they're calling the decentralized web platform. Like most people, you might be thinking that this announcement is satire. You serious?

But apparently, they're totally serious about it. It's being developed by the block head unit at Block, formally Square, and the idea is to provide a decentralized Internet layer based on Bitcoin's Lightning Network, where users own and control their data and have a wallet just like web 3, that can connect their identity to any app without needing to sign up and explicitly share their data with the host app. When when it comes to app developers, instead of building PWAs, you would build DWAs, where the web app is not served by a centralized app server, most likely owned by Amazon, Google, or Microsoft, but rather a decentralized node owned by some other user on the network. Most notably though, there will be no tokens involved other than Bitcoin itself. That means end users won't have to worry about investing in all these different shit coins, like this one called Ethereum that went from 48100 to 1200 in just a few months, not to mention the insane gas fees that you have to pay just to perform trivial transactions with web 3.

And as many critics have pointed out, the current state of web 3 is not decentralized at all, but rather controlled by a small number of VCs and Silicon Valley insiders. It's unfortunate because decentralization is a really awesome concept for the Web. You don't actually need cryptocurrency to make it work, you just need a bunch of people participating and benefiting from the system. BitTorrent has been doing this for file sharing long before Bitcoin was even a thing. Now the funny thing about Web 5 is that it's being spearheaded by Jack Dorsey, a CEO with an excellent track record of not caring about your speech, privacy, or freedom.

You're a big fat then Foti. Like, you wouldn't want Mark Zuckerberg to be king of the metaverse. In the same way, you definitely don't want Jack Dorsey to be king of Web 5. Personally, I'm putting all my bets on Web 6, which is already under development by Snoop Dogg. This has been the code report.

Thanks for watching, and I will see you in the next one.
It is June 13, 2022, and you're watching the Code Report. Things move fast on the World Wide Web. Just a few months ago, Web 3 was all the rage. But then, Bitcoin crashed 50%, NFT sales collapsed, the Ponzinomics of tokens like Luna stopped working, and even networks like Celsius and changes like Binance are not letting people get their money out. This is all totally normal and nothing to be concerned about at all. The Lambos are still coming. Now, if you I've been paying attention, we've already moved ahead to web 5. Because just the other day, billionaire Jack Dorsey steamrolled right over web 4 and announced web 5, which they're calling the decentralized web platform. Like most people, you might be thinking that this announcement is satire. You serious? But apparently, they're totally serious about it. It's being developed by the block head unit at Block, formally Square, and the idea is to provide a decentralized Internet layer based on Bitcoin's Lightning Network, where users own and control their data and have a wallet just like web 3, that can connect their identity to any app without needing to sign up and explicitly share their data with the host app.
cryptocurrency
google
internet
When when it comes to app developers, instead of building PWAs, you would build DWAs, where the web app is not served by a centralized app server, most likely owned by Amazon, Google, or Microsoft, but rather a decentralized node owned by some other user on the network.
Most notably though, there will be no tokens involved other than Bitcoin itself. That means end users won't have to worry about investing in all these different shit coins, like this one called Ethereum that went from 48100 to 1200 in just a few months, not to mention the insane gas fees that you have to pay just to perform trivial transactions with web 3. And as many critics have pointed out, the current state of web 3 is not decentralized at all, but rather controlled by a small number of VCs and Silicon Valley insiders. It's unfortunate because decentralization is a really awesome concept for the Web. You don't actually need cryptocurrency to make it work, you just need a bunch of people participating and benefiting from the system. BitTorrent has been doing this for file sharing long before Bitcoin was even a thing. Now the funny thing about Web 5 is that it's being spearheaded by Jack Dorsey, a CEO with an excellent track record of not caring about your speech, privacy, or freedom. You're a big fat then Foti. Like, you wouldn't want Mark Zuckerberg to be king of the metaverse. In the same way, you definitely don't want Jack Dorsey to be king of Web 5. Personally, I'm putting all my bets on Web 6, which is already under development by Snoop Dogg.
cryptocurrency
google
banking
internet
This has been the code report. Thanks for watching, and I will see you in the next one.
It is June 13, 2022, and you're watching the Code Report. Things move fast on the World Wide Web. Just a few months ago, Web 3 was all the rage. But then, Bitcoin crashed 50%, NFT sales collapsed, the Ponzinomics of tokens like Luna stopped working, and even networks like Celsius and changes like Binance are not letting people get their money out. This is all totally normal and nothing to be concerned about at all. The Lambos are still coming. Now, if you I've been paying attention, we've already moved ahead to web 5. Because just the other day, billionaire Jack Dorsey steamrolled right over web 4 and announced web 5, which they're calling the decentralized web platform. Like most people, you might be thinking that this announcement is satire. You serious? But apparently, they're totally serious about it. It's being developed by the block head unit at Block, formally Square, and the idea is to provide a decentralized Internet layer based on Bitcoin's Lightning Network, where users own and control their data and have a wallet just like web 3, that can connect their identity to any app without needing to sign up and explicitly share their data with the host app. When when it comes to app developers, instead of building PWAs, you would build DWAs, where the web app is not served by a centralized app server, most likely owned by Amazon, Google, or Microsoft, but rather a decentralized node owned by some other user on the network. Most notably though, there will be no tokens involved other than Bitcoin itself. That means end users won't have to worry about investing in all these different shit coins, like this one called Ethereum that went from 48100 to 1200 in just a few months, not to mention the insane gas fees that you have to pay just to perform trivial transactions with web 3. And as many critics have pointed out, the current state of web 3 is not decentralized at all, but rather controlled by a small number of VCs and Silicon Valley insiders. It's unfortunate because decentralization is a really awesome concept for the Web. You don't actually need cryptocurrency to make it work, you just need a bunch of people participating and benefiting from the system. BitTorrent has been doing this for file sharing long before Bitcoin was even a thing. Now the funny thing about Web 5 is that it's being spearheaded by Jack Dorsey, a CEO with an excellent track record of not caring about your speech, privacy, or freedom. You're a big fat then Foti. Like, you wouldn't want Mark Zuckerberg to be king of the metaverse. In the same way, you definitely don't want Jack Dorsey to be king of Web 5. Personally, I'm putting all my bets on Web 6, which is already under development by Snoop Dogg. This has been the code report. Thanks for watching, and I will see you in the next one.
It
it
is
is
June
june
13,
13
2022,
2022
and
and
you're
you're
watching
watching
the
the
Code
code
Report.
report
Things
things
move
move
fast
fast
on
on
the
the
World
world
Wide
wide
Web.
web
Just
just
a
a
few
few
months
months
ago,
ago
Web
web
3
3
was
was
all
all
the
the
rage.
rage
But
but
then,
then
Bitcoin
bitcoin
crashed
crashed
50%,
50%
NFT
nft
sales
sales
collapsed,
collapsed
the
the
Ponzinomics
ponzinomics
of
of
tokens
tokens
like
like
Luna
luna
stopped
stopped
working,
working
and
and
even
even
networks
networks
like
like
Celsius
celsius
and
and
changes
changes
like
like
Binance
binance
are
are
not
not
letting
letting
people
people
get
get
their
their
money
money
out.
out
This
this
is
is
all
all
totally
totally
normal
normal
and
and
nothing
nothing
to
to
be
be
concerned
concerned
about
about
at
at
all.
all
The
the
Lambos
lambos
are
are
still
still
coming.
coming
Now,
now
if
if
you
you
I've
i've
been
been
paying
paying
attention,
attention
we've
we've
already
already
moved
moved
ahead
ahead
to
to
web
web
5.
5
Because
because
just
just
the
the
other
other
day,
day
billionaire
billionaire
Jack
jack
Dorsey
dorsey
steamrolled
steamrolled
right
right
over
over
web
web
4
4
and
and
announced
announced
web
web
5,
5
which
which
they're
they're
calling
calling
the
the
decentralized
decentralized
web
web
platform.
platform
Like
like
most
most
people,
people
you
you
might
might
be
be
thinking
thinking
that
that
this
this
announcement
announcement
is
is
satire.
satire
You
you
serious?
serious
But
but
apparently,
apparently
they're
they're
totally
totally
serious
serious
about
about
it.
it
It's
it's
being
being
developed
developed
by
by
the
the
block
block
head
head
unit
unit
at
at
Block,
block
formally
formally
Square,
square
and
and
the
the
idea
idea
is
is
to
to
provide
provide
a
a
decentralized
decentralized
Internet
internet
layer
layer
based
based
on
on
Bitcoin's
bitcoin's
Lightning
lightning
Network,
network
where
where
users
users
own
own
and
and
control
control
their
their
data
data
and
and
have
have
a
a
wallet
wallet
just
just
like
like
web
web
3,
3
that
that
can
can
connect
connect
their
their
identity
identity
to
to
any
any
app
app
without
without
needing
needing
to
to
sign
sign
up
up
and
and
explicitly
explicitly
share
share
their
their
data
data
with
with
the
the
host
host
app.
app
When
when
when
when
it
it
comes
comes
to
to
app
app
developers,
developers
instead
instead
of
of
building
building
PWAs,
pwas
you
you
would
would
build
build
DWAs,
dwas
where
where
the
the
web
web
app
app
is
is
not
not
served
served
by
by
a
a
centralized
centralized
app
app
server,
server
most
most
likely
likely
owned
owned
by
by
Amazon,
amazon
Google,
google
or
or
Microsoft,
microsoft
but
but
rather
rather
a
a
decentralized
decentralized
node
node
owned
owned
by
by
some
some
other
other
user
user
on
on
the
the
network.
network
Most
most
notably
notably
though,
though
there
there
will
will
be
be
no
no
tokens
tokens
involved
involved
other
other
than
than
Bitcoin
bitcoin
itself.
itself
That
that
means
means
end
end
users
users
won't
won't
have
have
to
to
worry
worry
about
about
investing
investing
in
in
all
all
these
these
different
different
shit
shit
coins,
coins
like
like
this
this
one
one
called
called
Ethereum
ethereum
that
that
went
went
from
from
48100
48100
to
to
1200
1200
in
in
just
just
a
a
few
few
months,
months
not
not
to
to
mention
mention
the
the
insane
insane
gas
gas
fees
fees
that
that
you
you
have
have
to
to
pay
pay
just
just
to
to
perform
perform
trivial
trivial
transactions
transactions
with
with
web
web
3.
3
And
and
as
as
many
many
critics
critics
have
have
pointed
pointed
out,
out
the
the
current
current
state
state
of
of
web
web
3
3
is
is
not
not
decentralized
decentralized
at
at
all,
all
but
but
rather
rather
controlled
controlled
by
by
a
a
small
small
number
number
of
of
VCs
vcs
and
and
Silicon
silicon
Valley
valley
insiders.
insiders
It's
it's
unfortunate
unfortunate
because
because
decentralization
decentralization
is
is
a
a
really
really
awesome
awesome
concept
concept
for
for
the
the
Web.
web
You
you
don't
don't
actually
actually
need
need
cryptocurrency
cryptocurrency
to
to
make
make
it
it
work,
work
you
you
just
just
need
need
a
a
bunch
bunch
of
of
people
people
participating
participating
and
and
benefiting
benefiting
from
from
the
the
system.
system
BitTorrent
bittorrent
has
has
been
been
doing
doing
this
this
for
for
file
file
sharing
sharing
long
long
before
before
Bitcoin
bitcoin
was
was
even
even
a
a
thing.
thing
Now
now
the
the
funny
funny
thing
thing
about
about
Web
web
5
5
is
is
that
that
it's
it's
being
being
spearheaded
spearheaded
by
by
Jack
jack
Dorsey,
dorsey
a
a
CEO
ceo
with
with
an
an
excellent
excellent
track
track
record
record
of
of
not
not
caring
caring
about
about
your
your
speech,
speech
privacy,
privacy
or
or
freedom.
freedom
You're
you're
a
a
big
big
fat
fat
then
then
Foti.
foti
Like,
like
you
you
wouldn't
wouldn't
want
want
Mark
mark
Zuckerberg
zuckerberg
to
to
be
be
king
king
of
of
the
the
metaverse.
metaverse
In
in
the
the
same
same
way,
way
you
you
definitely
definitely
don't
don't
want
want
Jack
jack
Dorsey
dorsey
to
to
be
be
king
king
of
of
Web
web
5.
5
Personally,
personally
I'm
i'm
putting
putting
all
all
my
my
bets
bets
on
on
Web
web
6,
6
which
which
is
is
already
already
under
under
development
development
by
by
Snoop
snoop
Dogg.
dogg
This
this
has
has
been
been
the
the
code
code
report.
report
Thanks
thanks
for
for
watching,
watching
and
and
I
i
will
will
see
see
you
you
in
in
the
the
next
next
one.
one
success
In a news report, Speaker 0 discusses the impact of the World gateway on various cryptocurrencies, including Bitcoin and Ethereum. Speaker 0 also talks about the development of a decentralized web platform called Bit MAC, which is owned by some developers and is being funded by venture capitalists. Speaker 0 mentions that decentralization is not a threat, but rather a way to access cryptocurrency without leaving privacy and freedom of use.
Web5... The Web3 Killer?
It is June 13, 2022, and you're watching the Code Report. Things move fast on the World Wide Web. Just a few months ago, Web 3 was all the rage. But then, Bitcoin crashed 50%, NFT sales collapsed, the Ponzinomics of tokens like Luna stopped working, and even networks like Celsius and changes like Binance are not letting people get their money out. This is all totally normal and nothing to be concerned about at all. The Lambos are still coming. Now, if you I've been paying attention, we've already moved ahead to web 5. Because just the other day, billionaire Jack Dorsey steamrolled right over web 4 and announced web 5, which they're calling the decentralized web platform. Like most people, you might be thinking that this announcement is satire. You serious? But apparently, they're totally serious about it. It's being developed by the block head unit at Block, formally Square, and the idea is to provide a decentralized Internet layer based on Bitcoin's Lightning Network, where users own and control their data and have a wallet just like web 3, that can connect their identity to any app without needing to sign up and explicitly share their data with the host app. When when it comes to app developers, instead of building PWAs, you would build DWAs, where the web app is not served by a centralized app server, most likely owned by Amazon, Google, or Microsoft, but rather a decentralized node owned by some other user on the network. Most notably though, there will be no tokens involved other than Bitcoin itself. That means end users won't have to worry about investing in all these different shit coins, like this one called Ethereum that went from 48100 to 1200 in just a few months, not to mention the insane gas fees that you have to pay just to perform trivial transactions with web 3. And as many critics have pointed out, the current state of web 3 is not decentralized at all, but rather controlled by a small number of VCs and Silicon Valley insiders. It's unfortunate because decentralization is a really awesome concept for the Web. You don't actually need cryptocurrency to make it work, you just need a bunch of people participating and benefiting from the system. BitTorrent has been doing this for file sharing long before Bitcoin was even a thing. Now the funny thing about Web 5 is that it's being spearheaded by Jack Dorsey, a CEO with an excellent track record of not caring about your speech, privacy, or freedom. You're a big fat then Foti. Like, you wouldn't want Mark Zuckerberg to be king of the metaverse. In the same way, you definitely don't want Jack Dorsey to be king of Web 5. Personally, I'm putting all my bets on Web 6, which is already under development by Snoop Dogg. This has been the code report. Thanks for watching, and I will see you in the next one.
In a news report, Speaker 0 discusses the impact of the World gateway on various cryptocurrencies, including Bitcoin and Ethereum. Speaker 0 also talks about the development of a decentralized web platform called Bit MAC, which is owned by some developers and is being funded by venture capitalists. Speaker 0 mentions that decentralization is not a threat, but rather a way to access cryptocurrency without leaving privacy and freedom of use.