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July
@july
We spend and spend and spend and hold nothing in our hands
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Justin Hunter
@polluterofminds
I suspect a lot of people here will read this and think “web3 solves this.” But the problem isn’t one of decentralization or centralization. It’s one of incentives and convenience. A demand for convenience has shifted incentives for products to be subscription based.
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July
@july
It makes me think many things are going to move back (in the digital space) from subscription model to ownership model especially because of the convenience is going to be easier and things are going to move local first
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Trish🫧
@trish
I often talk about how convenience is choking us. Great cast
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Brent Fitzgerald
@bf
There was a realization in the mid 00s that subscriptions were much easier because of card-on-file (which had just recently become possible to do programmatically). They were sticky. Consumers underestimated the cost and/or forgot about subscriptions. Then it turned out to be even more true for enterprise SaaS. And now it’s just an easy business playbook at this point. The infra is all built out. 100% agree it’s nothing to do with web2 vs web3. It’s just programmatic payments plus human psychology.
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Les Greys
@les
Feels like one could also say the post is entirely wrong and ownership never goes away it moves mediums — which web3 is the new medium. I
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SQX
@sqx
Not sure anyone other than msft was like. Can you charge me yearly for word. And companies subset legacy products to force saas participation. Margins ↑. Ever co said yes please. Not sure it was consumer focused tbh. Then the frog boils started. Well before ‘inflation’ hit.
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