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Tay Zonday
@tayzonday
I find it vital to distinguish blockchain technology from cryptocurrency in defining the onboarding problem and its solutions. Cryptocurrency is a referential perspective on a subset of blockchain transactions, but blockchain technology deserves more than being under-imagined as a fiat replacement. Itâs a centralized-data power and authority replacement that can go in utopian and apocalyptic directions. Many human pain points can be related to fiat being an inaccurate and manipulated value ledgerâ but telling a consumer theyâre harmed by fractional reserve banking and other fiat theatrics is like telling a fish the water is dirty. What else is the fish supposed to dream of? The fish must believe thereâs a continent it can evolve for and learn to walk on. Humans living as derivatives of centralized data must believe that owning their data, from currency to social media to healthcare to the car they driveâ is a continent worth evolving for and learning to walk on.
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Elie
@elie
I donât get the own your data argument. I donât feel like I own my data on Farcaster. The world owns it. Itâs like Twitter on steroids.
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Tay Zonday
@tayzonday
This is a wonderful point. Web 3.0 technology right now is really âWeb 2.1â as an experienceâ just like the watching the first decades of television does not look majorly different from vaudeville or other live theater that came before. A 1940s television show feels like Broadway by a different mechanismâ just like Farcaster, BlueSky etc. feel like Twitter by a different mechanism. The technology and the âwhyâ behind it will distinguish itself more as critical mass crescendos.
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Elie
@elie
The why for Farcaster is that the data is open. But thatâs the opposite for owning your data to me. It makes the data fully public. Unless thatâs what is meant by own your data.
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AkođŠă
@ako1988
Well it's exactly my opinion ser !
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