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

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?

New economics based on network effects from shared resources at the data link layer in OSI model 

https://en.m.wikipedia.org/wiki/OSI_model

I thought one of the main features of decentralization was fewer points of failure.

if fewer points of failure, wouldn't that mean it's better?

I don't know about cheaper & faster, that's outside of my depth.

skeuomorphic web2 example is masterworks, which looks like it's going under. what happens to their userbase?

The user should not have to tell if it's decentralised or not.

It's similar to Encarta vs Wikipedia. It doesn't matter how the data is assembled. Just that it is. Encarta lost because one team can't compete against the world.