Matei
@no
Big web3 assumption going around I'm not seeing questioned: users care to be owners. Contrarian: Most users are consumers of <content/product/value> and ownership POTENTIAL in <> won't change their behaviour to web3 from web2 simply because of ownership.
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Naveen
@yateagle
People love owning things because it allows them to tell a richer more meaningful story about themselves. A sneaker head scoring a hot drop @ undefeated. A watch person flexing their newest watch etc. Ownership isn’t always about profit seeking. It’s more often about identity and storytelling
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Matei
@no
Imagine everything you spend money on IRL only exists online. What you spend on for profit, identity etc, remove- that’s what ownership incentives will touch. The rest? Buying water to drink it - paying for a VPN to use it - the vpn that gives me ownership doesn’t win, the best vpn product wins.
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Naveen
@yateagle
Strong disagree. You are reducing ownership of things down to only necessities. Most of what rich people buy aren’t necessities. Do people need games? Toys? Fashion? Luxury things? What about things people buy that are cultural? You are literally omitting hundreds of billions in spending in pursuit of your point
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Matei
@no
People are buying those things for their utility, not for an ownership stake. The argument that ownership stakes will change everyone’s behaviour therefore is flawed.
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Naveen
@yateagle
No they aren't. Believe me people don't buy ferrari's, collectibles, sneakers they keep in boxes etc. for utility. The buy them for status, culture and storytelling value. And each one of these categories are many many billions of dollars
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