Thread by @chen2rong2

A very insightful #Web3 article to read.👍

Users must ask questions—

✨Where’s your verifiable data? Does it have a biz or #DAO as custodian? Why not yourself?

✨Everything else should be just a verifiable distribution channel. Do you really care if it’s a #Web2 biz or a #DAO?

https://twitter.com/moxie/status/1479567493215637506

All #Web3 users should have at least one verifiable DID if their own, anonymous or otherwise.

So they can sign their data and verify data ownership of others.

It can’t be emphasized enough that blockchains have only space to store hash-values, ie, signatures, of data files.

Saying a blockchain-is-a-database is extremely misleading.

For a picture NFT, the signatures of both JPG file & NFT script have been logged on a blockchain, but where is the JPG file itself being stored?

Someone pays tens of thousands for the NFT, does he get the original file?

If buyers don’t get original copies, how could they claim that they own #NFT’s?

I attended the @w3c annual conference at Fukuoka, Japan, 9.2019.

Most attendees I met believed that cryptos were scams.

How could you blame those Internet veterans?

Cryptos drive people nuts.

Trust is not equal to business.

But business is much more lucrative with trust. Agreed?

To get the #Web3 ball rolling, a simple equation will go a long way—

#Web3 = #Web2 + Trust.

Imagine a @facebookapp, where every blog is signed & verifiable.

Are there scalability issues?

I do believe in the future of #NFT’s especially when buyers may own & trade originals, because that will be a true market economy for the first time in cyber space.

Just like smartphones jump-started #Web2, Personal Cloud Computes (#PC2) will be much to expect for #Web3.

…of their own…