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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. It’s 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 ledger— but telling a consumer they’re 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 there’s 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 drive— is a continent worth evolving for and learning to walk on.
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Elie
@elie
I don’t get the own your data argument. I don’t feel like I own my data on Farcaster. The world owns it. It’s like Twitter on steroids.
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Tay Zonday
@tayzonday
This is a wonderful point. Web 3.0 technology right now is really “Web 2.1” as an experience— 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 mechanism— just like Farcaster, BlueSky etc. feel like Twitter by a different mechanism. The technology and the “why” 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 that’s the opposite for owning your data to me. It makes the data fully public. Unless that’s what is meant by own your data.
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Pramodya De Alwis
@doubtfulorigin
I think it’s more about the monetisation of your data, but I don’t think blockchains solves that directly, it merely gives you a tool to capture it.
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