Blockchain and decentralized applications

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.

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. 🧵

NFTs are forming the framework for the Web 3.0 owned by the users This topic intrigued me, and I spent hours of researching that led me into an even deeper rabbit hole I’ll explain below… 🥐

If we create a world of more exclusive groups based on even more exclusive assets what have we really done for humanity? Is this what we are calling decentralization?

1/ Topic: Blockchains are the new app stores 🧵

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

If you're building a DAO, you need to design rules that protect your organization from death by a million suggestions. It's way easier to throw out ideas than to shoot them down, but your DAO needs a clear goal and focus is crucial. The bar for suggesting an idea should be high.

Say hello to Drips💧, a new web3 protocol, built by the @radicle DAO, that allows anyone to generate continuous income using subscriptions and NFT memberships 🌈 👉 https://drips.network... See more

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.

i think the most promising thing about web 3 is the itemization of data and content, how different it is from what we're used to today, and why it's important for creators