4/ Now it is up to us to provide an alternative. Web2 is going to fight it amongst themselves, meaning there will be disruption at that level.

3/ This means we are seeing a shift in the landscape, which that shows people have a willingness to change.

2/ Newspapers are laying people off all over the place. This week the LA Times let 20% of its news dept. go. The same is happening with broadcast news.

#threadstorm 1/ Media companies are being hit in a major way. This is opening the door for #web3 to establish itself.

To read full article:

4/ That is something that is owned by the individuals, capturing value at the network level.

3/ Platforms built on blockchains means the same network effects are available. There is another layer, however...the blockchain.

2/ This is something that is going to radically change the lives of millions. Once people realize the impact each of their actions have, they will stop all Web 2.0 activity.

#threadstorm 1/ Web 3.0 is changing the way network effects unfold. This is why activity on something like Leo is so important.

4/ This article explains some of the basics. Hopefully, people will start to grasp what is being discussed and apply it to their efforts.

3/ This means communities have to understand this stuff and focus their attention upon developing the flywheel effect. Unfortunately, most miss this concept.

2/ This is causing lackluster performance. When will Web3 have its "Amazon"? The answer is no time soon unless people truly get building in the proper manner.

We failed because the focus is on attracting users instead of implementing other network effects. I just put up a post about the flywheel effect.

So why not build Wiki pages? I already have over 5,500 pages in LeoGlossary of different information. Anyone can use Hive's decentralized database.

Agreed although I dont know the technical development required. But I agree, anything in this direction is helpful. What would it take to create something like that?

#threastorm 1/ Why is #web3 failing? The answer is clear. Many do not truly understand either the network or flywheel effects. This is something that is having devastating results across the industry.

5/ Jobs and Cook understand platforms (or feel into it). The answer is in their design. Here is where the businesses on Hive fall short.

4/ Apple has no social media yet has some of the strongest network effects there are. How can that be? What is it that made Apple so successful when not even one project on Hive can do it?

3/ The reason for the failure is the lack of understanding of platforms and what network effects are. Most simply think of Metcalfe's Law and more users. This is true for social media (and also near