Blockchain and decentralized applications

I can't believe this needs to be said but being decentralized and/or having a token is not a replacement for building things people want

The most successful web3 social apps are going to look completely different than web2 social (rather than building "decentralized Twitter/FB/X") They'll lean into financial speculation & create new economic status games.

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A recent criticism of web3 is that it isn’t actually decentralized, because there are centralized services in the mix, such as NFT marketplaces like OpenSea, and data availability services like Alchemy. 🧵

4. There are more options than Infura and Alchemy. Access to simple blockchain data will be relatively commoditized. Which is good for decentralization.

i have questions about crypto, web3, and the surrounding ecosystem. i’m gonna thread these. please feel free to reply! but don’t start arguments and fights with other people who reply or i’ll use the banhammer.

Extreme decentralization is a solution looking for a problem, with very small market demand in real world. Most btc & eth maxis have yet to wake up to that.

Blockchains are virtual computers that run on top of a network of physical computers that trade off performance (overhead of consensus mechanism) for the novel property that you can make credible long-term commitments to users and developers.

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Every time I read about crypto use cases, I remember that for about three years half the mobile industry said ‘one day you’ll walk past a Starbucks and a location system will send you a free coupon!’ That never happened… but meanwhile no-one noticed taxis.