#threadstorm 1/ Technology brings magic into our lives. What was once considered to be magic is now an everyday reality.

4/ Here is where the focus has to be. We need to move Web3 platforms and ecosystem from the first to second phase. To read full article;

3/ Decentralization is a mess in the first phase. There are a lot of hairbrained ideas that have little utility and appear to solve no problems. However, in the second, a wave of devs and entrepreneurs

2/ Here is where understanding the different phases of decentralized platforms enters. It is easy to overlook the transition since most focus upon the 1st phase.

#threadstorm 1/ Will #web3 prevail? Many question if we are ever going to see decentralization take over.

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3/ #web3 is going not only bring this concept to life but also put it on steroids.

2/ Web 2.0 was fatal for this idea. What happened was intermediaries stepped in and extracted the value. This left little (to none) for the content creators.

#threadstorm 1/ Kevin Kelly wrote an epic article about 1,000 True Fans and how people would be able to earn a living from that. It was an idea that the Internet derailed somewhat.

4/ This would not be the end of the world, if the users benefitted. They do not. Web3, however, solves this.

3/ The misalignment of interests causes the founders and money players to turn to extraction.

2/ Web2 finds itself in the situation where the growth rate slows as the S Curve is traveled. This puts the different stakeholders at odds.

#threadstorm 1/ What does #web3 offer that #web2 does not? How about the absence of the bait and switch?

4/ Most will end up broke simply because they want the excitement of the casino as opposed to the grind of the computer. To read full article:

3/ Few are learning it. That is why they will end up losing their shirts. Most believe they can beat the house. This is odd since history shows where the big bucks reside.

2/ The computer is the other factor in #web3. It is not exciting or sexy yet it is where the true wealth reside. The lesson of the dotcom era is once again playing out.

#threadstorm 1/ Crypto is mostly a casino. That is what people are focused upon. We can see it in their terminology. Of course, as they say, the house always wins when it comes to the casino.

4/ This is where Web 3.0 enters. To read full article:

3/ We already see the answer forming: a private ownership mechanism of the means of production.

2/ If the economic model of our labor for wages disappears, or at least in large numbers, what do people do? There are many discussions out there, all revolving around gov't redistribution.