Messaging services— whether Twitter-like or Discord-like—should be built on open protocols, the way email is.
“But how do people make money?“

Hundreds of billion dollar businesses have been built on SMTP (and of course HTTP).
“What about spam and other bad things?”

As with SMTP and HTTP, we have legal system, plus providers (gmail etc) can filter (but are constrained from turning evil because the user switching costs are low).
“But this didn’t work in year [yyyy]”

That’s true of almost every tech idea that eventually works :)

Plus we have many new tools now, including 1) a way to store information on the internet where the user instead of a company controls it, and 2) a new way to fund protocols.

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More from @cdixon

30 Nov
I gained a lot of respect for Paul McCartney watching the new Beatles documentary.

The whole thing is great and reminds me also of Apollo 11 which was also great.

Both great recent documentaries.
I don’t understand why this amazing footage for both documentaries sat unused for so many years.
What was the constraint? Filmmakers who cared? Money? It’s amazing this stuff just sat there.
Read 4 tweets
28 Nov
Blockchains are virtual computers that run on top of a network of physical computers that trade off performance (overhead of consensus mechanism) for the novel property that you can make credible long-term commitments to users and developers.
Therefore it is correct but not interesting to say blockchains are less performant that an individual computer controlled by, say Google or Facebook.
If you want to trust your business or you personal life to a computer owned by Google or Facebook, that’s great.

I wouldn’t. Many of us would like to opt out and try a different model.
Read 6 tweets
26 Nov
There is a widespread view that the internet and software industry is now mature, that the historical pattern of disruptive revolutions every 10-15 years is now over. 🧵
Ben Thompson provides an excellent articulation of this view (as he often does)…
In my experience, this view is tacitly held by most of the establishment: institutional investors, tech execs, policymakers, media, etc. It affects valuations, corporate behavior, media coverage, and policy making.
Read 22 tweets
25 Nov
Let’s say you run a startup that has a successful product, and you are now considering what product you should build or acquire next. 🧵
Something I find useful is mapping out the typical economic loop from start to finish, and then considering the startup’s position within that loop.
I’ll explain by looking at the current internet landscape and the strategic position of Google, Facebook, Amazon, and Apple. (I’ll adapt this to web3 in a future thread.)
Read 17 tweets
24 Nov
Web2 is built on advertising. Big companies like Facebook and Google make most of their money on advertising, and many web2 startups build their customer base using advertising.
When you build a business on advertising, the theory is that if you retain enough customers, the long-term economics will work out and you’ll eventually be profitable.
However, there are a bunch of reasons that in practice this can be dangerous. @bgurley covers this well in this classic post…
Read 12 tweets
23 Nov
“Present state of emerging tech has flaws” is not a good argument against that emerging tech.
Serious tech movements are processes that play out over many years.
A good faith critique distinguishes between fixable, temporary weaknesses from fundamental limitations.
Read 6 tweets

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