Thread by @DonaldBullers

Why Facebook down is hope for Web3 🧵

6 Hours. What seemed like eternity for much of the internet became the duration of the outage for one of the largest silos on Web2, Facebook. Taking with it the data controlling accomplices Instagram and Whatsapp.

On average internet users spend nearly 2.5 hours per day on social media. 50,000+ hours in a lifetime with zero stake, only empty status. At any moment those 6 hours of downtime can become eternity - your digital reputation, gone.

Algorithms are bad for this era - Your feeds are an illusion @CharlieShrem

https://twitter.com/CharlieShrem/status/1438950881664266241?s=20

It’s time we realize we can do better @FrancesHaugen

https://twitter.com/FrancesHaugen_/status/1444819477649141761?s=20

Social media is an exit from reality. Remove the walled gardens and enter Web3 @cdixon

https://twitter.com/cdixon/status/1442201621266534402?s=20

We are designing a system that’s respectful of people and does not have a reverse incentive. Our future online includes data dignity.

On Web3 the entire system begins, day 1, with empowering you. No more usernames and passwords - instead DIDs: getdids.com

Today’s internet is dominated by large companies that force users to log in with their in-house logins. An open source universal identity system like #Elastos Decentralized Identities (DIDs) allow users to trust code, not corporations that control their data.

Web3 designs a complete new set of rules with you in control. Incentives are aligned between the builders and users. Not happy with an application? Take your identity and data with you. A digital journey where you’re the guide.

"What we are building is unique" @naval
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https://twitter.com/naval/status/1434013488549019653?s=20

Heard of NFTs? If you believe it’s nothing more than copy and pasting JPGs I’ve got news for you - NFT collections on Web3 will spawn collaborative teams that make fundamental breakthroughs. Bootstrapping community, identity, governance, and treasury @nounsdao

What about security? We’ve got that too, thanks #Bitcoin

elastos.org/mainchain

Before Web3 most waking hours were consumed online with no control of our data and digital identities. Now we are each equally important, equally in control, and equally benefitting from an internet for all. 🌎

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