Had a call with an industry titan in product management yesterday.

He asked me in which ways web3 social can be:
Cheaper, Faster or Better than web2 social?

I had an answer that I thought was compelling, but his follow up questions were challenging.
I'd be (genuinely) curious of what you think is the strongest answer

Building Larry, FOSS via @frames, @framesfun /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

My answer was:

1. Bottoms up innovation from the community and therefore much faster innovation feedback loops and 10x better apps.

2. Better apps because apps no longer need to battle the cold start problem with building a community/network effects.

3. Better app experiences due to portability of your social graph


Regarding point 1: the innovation spreads beyond the protocol — in trad social, the apps are defined by the service, the boundaries set by the provider dictate the domain and thus the range of features that can exist. In decentralized social it’s more bidirectional —

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium