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@n
If web2’s moat is data, what is the equivalent for web3?
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Dinesh Raju
@dinesh.eth
Peace of mind Web3’s value prop is removing intermediaries. But you still end up needing to trust a final intermediary: code in the smart contract The more value safeguarded & longer the code's been around, the more peace of mind when using it. E.g. WETH9 has crazy moat because of its massive elapsed dollar-hours
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Nico.cast🐱
@n
so brand, trust?
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Dinesh Raju
@dinesh.eth
Yup, though it feels like there's some additional nuance here. Arguably trust is also a moat for web2. But there's a much stronger Lindy effect for trust in web3. Web2 trust can be volatile. New management comes in, gets lax & that trust is violated. Web3 immutable contract trust tends to harden & ossify with time.
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