df on Warpcast

df pfp

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

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df pfp

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

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df pfp

Another way of looking at it: If a user can't tell whether an app they are using is built on a decentralized protocol or not, what advantages would the decentralized version likely have that the web2 version didn't, in order for it to be cheaper, faster or better?

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Shawki Sukkar pfp

enabling permissionless innovation

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$ALEX Masmej pfp

@alexmasmej.eth

Web3 social shifts social networks incentive from “showing ads to as many people as possible” to “selling goods as much as possible”. This enables “online depth”. The new goal is to connect like-minded people who want to transact with each other, not feeding them “engaging yet superficial” content.

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Ben - [C/x] pfp

Fair question but the wrong question IMHO. It implicitly assumes web3 social will look like web2 social. Question should be: what type of social experience can be enabled by a blockchain-based solution that cannot be enabled via web2 protocols and design principles?

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Übermensch pfp

The prospect of fully owning/contolling my identity cryptographically is huge, being sovereign like that has big utility for me. Don't know that the normies will ever care much about that though.

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Stas pfp

What if it's not cheaper, nor faster, nor better. And we're just trying to sell it this way because of the irreversible bad decisions we allowed to shape the current social media. To be honest I just see a lot of folks unhappy with the current state of social and we're riding that wave on top of the web3 narrative 🙃

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Mitch pfp

imo, the primary issue is that most/all _production_ of consumer goods and services still occurs in large-scale manufacturing/marketing sectors operating on legacy hyper-centralized organizational structures. Both buying & supplying need to be significantly decentralized before web3 benefits are to be reaped

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ace pfp

none of the replies on this thread answers the questions. means something. i view web3/crypto as a modular/non-universal part of the building stack that works well for certain applications. not needed for all social networks.

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Chu Ka-Cheong pfp

I am wondering what the challenging follow-up question was

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Homocryptus pfp

Web3 social is about open composable-first protocols and not closed profit-first companies:) That allows parallel single-tribe networks built on these social protocols to proliferate, be more responsive to community unmet needs and custom hybrid business models :)

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Liang @ degencast.wtf 🎩 pfp

Liang @ degencast.wtf 🎩

what was his challenging following up question?

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Liang @ degencast.wtf 🎩 pfp

Liang @ degencast.wtf 🎩

cheaper as in you don't have to pay with your most previous asset, time and be forced fed junk ads and trashy content to keep you hooked to the app. Faster is hard. but we agree app like fc is almost as fast. better, I think op's answer is great for this. this is my general sentiment

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Misha 📿 pfp

For me the answer lies in limitless possibilities for integration and customization

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Chris pfp

Cheaper: you do not need to sell your data, and you are not spammed with ads. Faster: you can take your friends with you when you use a new app. No setup. Better: web3 social works together. Means projects can focus on a tiny part of the social experience and don’t need to develop the full stack all the time.

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Liang @ degencast.wtf 🎩 pfp

Liang @ degencast.wtf 🎩

https://9to5google.com/2023/01/12/twitter-api-appears-to-be-down-breaking-tweetbot-and-third-party-clients/

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Matthew pfp

Just send him this: https://www.theinformation.com/articles/musks-twitter-intentionally-suspended-tweet-bot-third-party-apps-messages-show

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Paper Buddha pfp

I have ownership and control over my digital identity with web3. Not true with web2. Who 'owns' that data is important. Get de-platformed a few times and that becomes very clear

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Jason Goldberg Ⓜ️ 💜 pfp

Jason Goldberg Ⓜ️ 💜

I think the first aha moment for web3 social will be when people are able to use same login, social graph, social proof, content, and more seamlessly across various apps. Not possible with web2.

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