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RE: Web 3.0 Versus Web 2.0

in LeoFinance3 years ago

I like the way you detail how Web 3.0 is not just a faster version of Web 2.0, but instead an evolution, and more importantly potentially a democratizing one. It has the potential as you say to change the business model and reverse the transfer of wealth from the few to the many, if the many learn about it and participate. Decentralized social media as a metamorphosis doesn't happen by itself, it happens because people make it happen.

The Web 3.0 potential is for everyone to become a Profit Center for themselves, as opposed to one of millions of small profit centers for Facebook and that is just the tip of the ice berg. Even a system like DPOS starts off decentralized with stake in the hands of few, thus governance and profit is centralized. But through participation, posting, commenting, learning abut delegation, leasing, curation trails and curation pools, etc token distribution becomes more decentralized and people accumulate stake and start earning more profits.

The tip of the iceberg is the appearance and potential, the rest of the ice berg is like a swans feet under the surface of the water, paddling fast and at times furiously to move the swan gracefully across the lake.

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Without a doubt, the distribution method on Hive is very important. The fact that it is tied to governance helps to flatten the distribution while making it wider. This is something that many chains cannot do.

The tip of the iceberg is the appearance and potential,...

I would agree. We are just starting to see these things get started. There are going to be many other layers built upon this, all leading to even greater innovations.

That is how we completely convert things from the 2.0 world to 3.0. It is an evolution.

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