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RE: Cryptocurrency's Greatest Value: The Social Layer

in LeoFinance4 months ago

Interesting points.
I agree the social layer will be big, but I worry the timetable may exclude me from benefitting.

As I see it, those who are successful in the web 2 social layer have a vested interest in it's continuance and dominance.

Those who have no rewards from web 2 have no influence.

Even big influencers on web 3 seem to have limited ability to encourage development on web 3 and many good projects die in obscurity.

I think, an established influencer from web2 moving here with their fans would make a significant impact on the pace of adoption of web 3 social layer tokens, but they are disincentivized from doing this by the current web 2 model and their fear of be deplatformed. Additionally there are forces at work on web 3 platforms which are agressive, angry and attempt to force these influencers to do things which could threaten their web 2 livelyhood. They fail to take into consideration the concerns of these influencers and flex their power in ways which are counter productive to bringing big influencers here.
I honestly feel these activities do serious harm beyond those influencers, as bad experience stories are repeated far more often then good experience stories. And the population of big influencers in cryptocurrency who would consider a presence here is small. The low price of the Hive and other tokens relative to BItcoin or Ether doesn't help either. Ask an influencer if they want to work for peanuts and take shit from people they can potentially lift out of obscurity... that's a hard no.

Plus even though web 3 has freedoms web 2 lacks, web 3 has it's own destructive elements which punish content creators as harshly, if not more then deplatforming on web 2.

I understand the promise of web 3 but the execution is not producing the effects I had hoped to see, and after six years on this platform, I am disappointed.

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It has nothing to do with influencers although that could be a fanbase.

What about those who are into woodworking? Or classic cars? That has nothing to do with an influencer. It is a community around a common interest.

I see your point, but I stick with mine because while there may be groups who congregate around common interest, social media congregates around influencers.
Additionally I think cryptocurrency and blockchain are very complex, thus groups congregating around it seem much smaller then groups congregating around influencers.
One inlfuencer with 21 million followers encompasses all people in cryptocurrency by some estimates.

But I get your point, and it may be a path towards growth, but not mass adoption.
When I look at HIve and it's lack of mass adoption, it may an illustration of the limits of growth fueled entireluy by common interest.

I suspect greed, envy, lust, hate and other primal emotions are the driving force for mass adoption and until we generate that appeal we will languish as a community of small numbers.