ace
@ace
I personally think "own/control your own data" being the punchline for most web3 products is at best extremely weak esp. when facing consumers. Consumers don't tend to optimize for "safety" when they are looking for fun. It's rarely ever the primary hook.
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Ben - [C/x]
@benersing
The web3 “own your data” model is really just switching the cost burden from third party advertisers monetizing consumers attention, directly to consumers themselves. (1/2)
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Ben - [C/x]
@benersing
Until there's a way for average consumers to passively earn from their data enough to offset some of the new cost they're shouldering via P2P content distribution and purchasing, it's a tough model to envision taking off outside of niche altruistic support of certain artists . (2/2)
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Michael Finney
@mdf365
Agree, which is why web+ needs to focus on creators first who actually generate enough output to monetize and build a community around, not just user metrics Monetization and distribution for artists is primary which means public relations
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Ben - [C/x]
@benersing
I think that's right. If someone can solve for the high switching costs they face transitioning over, then it could work. Just like large incumbent corporations, their interests are deeply rooted in the status quo. (1/2)
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Ben - [C/x]
@benersing
Most see the writing on the wall but the risk of action doesn't yet outweigh the risk of inaction. That's at least been my observation over the last ~2+ years exploring web3 social ecosystems. (2/2)
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Michael Finney
@mdf365
Not clear on who “they” is in your response here Creatives or consumers of social networks/media? I’m saying creatives need to shoulder the cost like any other tools/resources they use Consumers won’t because it’s not worth it for them to store pics of their kids *unless* they seek to monetize that somehow
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