4/ Even @nytimes agrees. They just published a special about #web3 and this is the opening:

“My strongest-held belief about crypto, though, is that it is terribly explained.”

https://t.co/qhbtfZmGHH

2/ If a person doesn’t want the mega-corp Meta or Medium to control their content, they simply have to setup a WordPress (which is open source) website and publish their content there. I stopped using Facebook 2 years ago and I do that, like I used to do 2 decades ago.

1/ Another snippet from the #web3 research I’m reading. I heard this argument many times now, and I am really NOT sure that “we have lost touch with one of the initial core tenants of the web”. https://t.co/KFEovdRwsF

3/ The fact that people use Facebook, Medium, Instagram, TikTok, etc. doesn’t depend on the capability of these companies to control our will. It depends on the fact that their software is so much easier to use and with better features than self-publishing software.

4/ People don’t look forward to install, manage, and secure their own WordPress. Not even when it’s a hosted option. When they were given an opportunity to not do that anymore, they took it immediately.

5/ In other words, mega-corps made publishing frictionless. That attracted early adopters and created the network effect to reach the global dominance these services enjoy today.

7/ But that option is too much friction for the masses, how likely is that the best alternative is a set of technologies (#web3) that depend on self-management of cryptographic keys?

6/ If, all of a sudden, we realize that the trade-off to have a frictionless publishing expereince has become too big to accept, we just have to go back to self-publishing platforms (and invest VC money in them to make them more competitive and interoperable).

8/ said in a different way: if people couldn’t even tolerate “being your own publisher”, how can you solve that by asking them to do something infinitely harder like “being your own bank”?

@ScottKBennett Sure, and I expect more projects like this to come . But this has not been #1 priority. Look at when this particular project has launched. By comparison, the community has created something like 200+ wallets…