Jeff Feiwell
@hyper
What’s the counter point to @altimor’s take that there’s no real adoption of crypto? Sorry but it feels true that the only adoption has come from technical ppl and speculators whereas normies were using Amazon, Google, Salesforce, etc much earlier — and at the very least the use cases were more clear
15 replies
0 recast
0 reaction
Daniel Tenner (swombat.eth)
@swombat
The tech is still very rudimentary so yes, it's mostly adopted by tech ppl. The counterpoint is pretty simple though. We're moving towards a digital world => needs digital ownership => needs trustable db tracking digital ownership. It's pretty much inevitable.
0 reply
0 recast
0 reaction
@
0 reply
0 recast
0 reaction
Deepu
@deepu
Without ownership , society will resort to rent seeking and exploitation. History tells us ppl revolt against it when it happens for too long . Can see this already happening with creators on FB / YouTube etc .
1 reply
0 recast
0 reaction
Deepu
@deepu
Example - say you spend few years building your Twitter profile and following . You don’t own the profile . Twitter does . One day it simple bans you . No explanation and no arbitration . Nothing you can do . Same thing on Farcaster . You own your profile and following . Just shift to another client .
1 reply
0 recast
0 reaction
Daniel Tenner (swombat.eth)
@swombat
Another angle: Ownership is a fundamental social primitive. Yes, it came with downsides, like everything - but the concept of ownership unlocks increased wealth for everyone. eg irl 20k years ago, owning a field instead of it being a common good means you're more likely to invest in irrigation, etc.
1 reply
0 recast
0 reaction
Daniel Tenner (swombat.eth)
@swombat
So far, we don't own anything online - maybe our domain names. Web3 brings the concept of ownership to the rapidly growing digital world. The amount of wealth it might unlock is pretty hard to fathom. Imagine if "goods" didn't exist in the rw economy and everything was rented. And then someone invented ownership. �
1 reply
0 recast
0 reaction
