added by sari ยท updated 8mo ago
How the blockchain will break up Big Tech
- So with BitClout, I have an identity on that blockchain that's publicly accessible to anyone running an open-source BitClout node. To continue with the example of LinkedIn, if they were to rebuild themselves on top of BitClout, and they were to write their entire users table along with all its endorsements to the BitClout blockchain, then that data... See more
from How the blockchain will break up Big Tech by Jon Stokes
sari added 3y ago
- So the entire online attention economy is built around proprietary users tables that different apps jealously guard and are constantly trying to grow.
from How the blockchain will break up Big Tech by Jon Stokes
sari added 3y ago
- All of the big incumbents will want to keep their users tables proprietary in the beginning, because that's their moat and it gives them the network effects and lock-in that markets and investors reward them for.
from How the blockchain will break up Big Tech by Jon Stokes
sari added 3y ago
- Every company that builds on the same virtual users table has immediate access to the network effects of every other startup on that table. Every time an on-chain company onboards a new user, then your service has a new user, as well. (In a manner of speaking. They may not be actively using your service yet, but they effectively have an account on ... See more
from How the blockchain will break up Big Tech by Jon Stokes
sari added 3y ago
- Eventually, there will be a blockchain users table that's bigger than the next two or three proprietary users tables combined. When that happens, the megaplatforms will either ditch their proprietary tables and reconfigure their businesses around the chain, or they'll enter a doom loop.
from How the blockchain will break up Big Tech by Jon Stokes
sari added 3y ago
- The public blockchain amounts to a single, massive users table for the entire Internet, and the next wave of distributed applications will be built on top of it.
from How the blockchain will break up Big Tech by Jon Stokes
sari added 3y ago
- In the present incarnation of the web, all these separate users tables enforce a specific kind of interoperability architecture even on apps that want to be fairly open with their own user data. Specifically, everyone's proprietary user data sits behind an API that any third-party app has to call if it wants access.
from How the blockchain will break up Big Tech by Jon Stokes
sari added 3y ago
- This being the case, the size of this table is a direct measure of the size of a tech platform. It's not a proxy measure, either.
from How the blockchain will break up Big Tech by Jon Stokes
sari added 3y ago
- The bottom line: Moving identity on-chain, and thereby removing the possibility of users-table-centric network effects, completely up-ends the entire landscape of API-based, access-controlled interoperability that the present Internet is built on. All of the non-technical market and political dynamics around users table size, leverage, and risk sud... See more
from How the blockchain will break up Big Tech by Jon Stokes
sari added 3y ago