Opportunity cost at the time was invested in RSS which failed to take off. Not being in Silicon Valley further limited career opps.
There are strong parallels with crypto now
Facebook became the dominant personal news aggregator, to the point it got accused of being used to influence elections. Aggregators like Techmeme also found a good model
The idea of aggregation was powerful, but of users individually doing “work” for it just didn’t take off.
Downloading a plugin to make X work ? Heck, no!
Truth, transparency, open data and incentivized, disintermediated systems are here to stay but we need to build delightful products which tens of millions love.
Let RSS be a good reminder of how an entire tech narrative can fail, and why solving tech problems is meaningless in of itself
This is distraction of local maxima.
Its time to re-calibrate.
- Millions of websites published a feed (“tokens”)
- Dozens of feed readers popped up, optimizing on UI/UX & scalability (“wallets”)
- Millions of websites displayed these feed reader buttons (persistent free marketing for free products)
Users didn’t adopt.
~500MM users in India pay $1-$2/mo for plans like 42GB @ 50Mbps
A popular dApp => network congestion => single txn fees > entire monthly wireless bill. That user, earning in INR (Rupee) also has to bet against USD and hope for +INR/-USD and +USD/-ETH
Continuous decision making imposes a psychological cost on users. Consider Bittorrent vs Netflix -- the P2P service requires you to make a lot more choices, while the other abstracts it away
This is about end-end venture design
Blockchains do that by design, making it accessible to humanity, if UX is solved