It took me a while to understand why web3 is so important.
Now, I'm pretty much addicted.
Here are 11 reasons why I decided to go all in ๐
Now, I'm pretty much addicted.
Here are 11 reasons why I decided to go all in ๐
https://twitter.com/jaltma/status/1459967934046953475
1/ Incentives
Web2:
1) Growth Stage: Platforms โค๏ธ Users
2) Post IPO: Platforms ๐ Users
Decentralized protocols give all network participants upside through tokens.
Protocols serve the community; platforms serve the shareholders.
Web3 aligns incentives.
(h/t @cdixon)
Web2:
1) Growth Stage: Platforms โค๏ธ Users
2) Post IPO: Platforms ๐ Users
Decentralized protocols give all network participants upside through tokens.
Protocols serve the community; platforms serve the shareholders.
Web3 aligns incentives.
(h/t @cdixon)
2/ Portability
- Web2 users don't own their data, they rent profile pages from platforms (hard for users to leave)
- Web3 keeps data & infrastructure separate which enables data portability
- Data Permanence & Immutability
(@ArweaveTeam & @viamirror)
- Web2 users don't own their data, they rent profile pages from platforms (hard for users to leave)
- Web3 keeps data & infrastructure separate which enables data portability
- Data Permanence & Immutability
(@ArweaveTeam & @viamirror)
https://twitter.com/yb_effect/status/1457837150393618433
3/ Capital Coordination
- Through DAOs, organizing people & capital around the world becomes as easy as publishing a tweet.
- Joint Stock Corporation --> LLCs --> DAOs
- Bottleneck rn: DAO tooling --> once UX is intuitive, we'll see a flood of new DAOs
- Through DAOs, organizing people & capital around the world becomes as easy as publishing a tweet.
- Joint Stock Corporation --> LLCs --> DAOs
- Bottleneck rn: DAO tooling --> once UX is intuitive, we'll see a flood of new DAOs
4/ On-chain credentials
- On-chain credentials will bring the tasking economy mainstream
- Pseudonymous Identities & remote work becomes standard
- Resumes are provable and bias is removed
- Web3 helps disrupt the concept of a 9-5
- On-chain credentials will bring the tasking economy mainstream
- Pseudonymous Identities & remote work becomes standard
- Resumes are provable and bias is removed
- Web3 helps disrupt the concept of a 9-5
https://twitter.com/balajis/status/1403354268971634689
5/ Cryptonetworks
Web2: Building networks through platforms ("Uber for x")
Web3: Building networks through economies ("x to Earn")
Play-to-earn (@AxieInfinity)
Learn-to-earn (@rabbithole_gg)
Publish-to-earn (@viamirror)
Store-to-earn (@ArweaveTeam)
Web2: Building networks through platforms ("Uber for x")
Web3: Building networks through economies ("x to Earn")
Play-to-earn (@AxieInfinity)
Learn-to-earn (@rabbithole_gg)
Publish-to-earn (@viamirror)
Store-to-earn (@ArweaveTeam)
https://twitter.com/packyM/status/1417106446425149442
6/ Ownership
- Web3 users own their work & can monetize their content however they want
- Tons of creativity on how to organize capital in web3 (@viamirror, @SyndicateDAO)
- My favorite example: @nounsdao uses a daily NFT auction to grow their treasury
- Web3 users own their work & can monetize their content however they want
- Tons of creativity on how to organize capital in web3 (@viamirror, @SyndicateDAO)
- My favorite example: @nounsdao uses a daily NFT auction to grow their treasury
https://twitter.com/yb_effect/status/1453430510558978057
7/ Skin in the game
- 10th Uber employee has generational wealth, 10th Uber driver is making less than when they first started
- Tokens give all stakeholders a chance to a network's potential upside
- Crypto makes everyone an investor (h/t @balajis)
- 10th Uber employee has generational wealth, 10th Uber driver is making less than when they first started
- Tokens give all stakeholders a chance to a network's potential upside
- Crypto makes everyone an investor (h/t @balajis)
https://twitter.com/beaniemaxi/status/1458263774738145284
8/ Commitments
- For the first time in history, we can have code serve as a source of truth
- All networks will be decentralized through code commitments
- No need for trust. The rules are baked into the smart contract
- For the first time in history, we can have code serve as a source of truth
- All networks will be decentralized through code commitments
- No need for trust. The rules are baked into the smart contract
https://twitter.com/cdixon/status/1458092980233981959
9/Metaverse-IRL Connectivity
- Web3 is not just about being on Discord/VR, it's bringing us a new lifestyle
- Think about how apps like G-Maps/Uber changed how we interact with the world
- NFTs (@cryptovenetians) & DAOs (@FWBtweets) are doing the same
- Web3 is not just about being on Discord/VR, it's bringing us a new lifestyle
- Think about how apps like G-Maps/Uber changed how we interact with the world
- NFTs (@cryptovenetians) & DAOs (@FWBtweets) are doing the same
https://twitter.com/chriscantino/status/1458544891244400642
10/ Community
- Data portability & ownership make it very easy for people to leave protocols (forks, Arweave)
- Web2: Metrics
Web3: Mission
- Building a strong, positive community that enjoys working together is the key to a successful protocol
- Data portability & ownership make it very easy for people to leave protocols (forks, Arweave)
- Web2: Metrics
Web3: Mission
- Building a strong, positive community that enjoys working together is the key to a successful protocol
https://twitter.com/Cooopahtroopa/status/1451276972001161224
11/ Composability
- Because everything in web3 is open source, people are focused on building out new ideas (Digital Renaissance)
- Web3 will grow at a much faster rate than web2
โComposability is to software as compound interest is to financeโ @cdixon
- Because everything in web3 is open source, people are focused on building out new ideas (Digital Renaissance)
- Web3 will grow at a much faster rate than web2
โComposability is to software as compound interest is to financeโ @cdixon
https://twitter.com/naval/status/1444366754650656770
If any of these themes made you want to get started in web3, check this thread out:
https://twitter.com/yb_effect/status/1458569764637454347
If you are interested in diving deeper into how web3 products & protocols work, check this thread out:
https://twitter.com/yb_effect/status/1458129586428932103
Web3 Killer Features:
1) Aligned Incentives
2) Data Portability
3) Capital Coordination
4) On-chain Credentials
5) Cryptonetworks
6) Ownership
7) Skin in the Game
8) Commitments
9) Metaverse-IRL Connectivity
10) Community
11) Composability
1) Aligned Incentives
2) Data Portability
3) Capital Coordination
4) On-chain Credentials
5) Cryptonetworks
6) Ownership
7) Skin in the Game
8) Commitments
9) Metaverse-IRL Connectivity
10) Community
11) Composability
โข โข โข
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