cdixonCollected web3 twitter threads
Why web3 matters Chris Dixon @cdixon There’s a lot of talk lately about the possibility of a prolonged financial downturn, reminiscent of 2008. 2008 was a difficult time for many people. 2,951 9:39 AM • Jun 27, 2022 Composability is to software as compounding interest is to financeBlockchains are the new app storesTokens are a new digital primitive, analogous to the websiteGoing from Web 2 to Web 3 - “Your take rate is my opportunity”The web3 playbook: using token incentives to bootstrap new ...
cdixonToys, Secrets, and Cycles: Lessons from the 2000s
I started my internet career in the early 2000s during the dot-com bust. It's hard to picture this now, but the internet was a thing that people used only intermittently, to check email or plan travel or do some research. The average internet user spent about 30 minutes a day online, compared to about 7 hours today. To use the internet, you had to sit down in front of a desktop PC and "log on" (most people still had dial-up), nothing like the always-on, high-speed mobile internet we use ...
cdixonWhy web3 matters
Why Web 3 matters 🧵 Web 1 (roughly 1990-2005) was about open protocols that were decentralized and community-governed. Most of the value accrued to the edges of the network — users and builders. Web 2 (roughly 2005-2020) was about siloed, centralized services run by corporations. Most of the value accrued to a handful of companies like Google, Apple, Amazon, and Facebook. We are now at the beginning of the Web 3 era, which combines the decentralized, community-governed ethos of Web 1 with th...
cdixon.org
cdixonCollected web3 twitter threads
Why web3 matters Chris Dixon @cdixon There’s a lot of talk lately about the possibility of a prolonged financial downturn, reminiscent of 2008. 2008 was a difficult time for many people. 2,951 9:39 AM • Jun 27, 2022 Composability is to software as compounding interest is to financeBlockchains are the new app storesTokens are a new digital primitive, analogous to the websiteGoing from Web 2 to Web 3 - “Your take rate is my opportunity”The web3 playbook: using token incentives to bootstrap new ...
cdixonToys, Secrets, and Cycles: Lessons from the 2000s
I started my internet career in the early 2000s during the dot-com bust. It's hard to picture this now, but the internet was a thing that people used only intermittently, to check email or plan travel or do some research. The average internet user spent about 30 minutes a day online, compared to about 7 hours today. To use the internet, you had to sit down in front of a desktop PC and "log on" (most people still had dial-up), nothing like the always-on, high-speed mobile internet we use ...
cdixonWhy web3 matters
Why Web 3 matters 🧵 Web 1 (roughly 1990-2005) was about open protocols that were decentralized and community-governed. Most of the value accrued to the edges of the network — users and builders. Web 2 (roughly 2005-2020) was about siloed, centralized services run by corporations. Most of the value accrued to a handful of companies like Google, Apple, Amazon, and Facebook. We are now at the beginning of the Web 3 era, which combines the decentralized, community-governed ethos of Web 1 with th...
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Bill Gates had a very clever tactic for responding to open alternatives to Microsoft proprietary tech.
https://en.m.wikipedia.org/wiki/Embrace,_extend,_and_extinguish
He specifically used these tactics against web1 protocols/standards and open source software.
Of course the modern equivalent would be web3.
It was a far cleverer tactic than trying to dismiss the tech. He saw the momentum and knew it would be smarter to try to co-opt it vs fight it.
Plan for internet
“Phase 1 (Embrace): all participants need to establish a solid understanding of the infostructure and the community—determine the needs and the trends of the user base. Only then can we effectively enable Microsoft system products to be great Internet systems”
“Phase 2 (Extend): establish relationships with the appropriate organizations and corporations with goals similar to ours. Offer well-integrated tools and services compatible with established and popular standards that have been developed in the Internet community.”
“Phase 3 (Innovate): move into a leadership role with new Internet standards as appropriate, enable standard off-the-shelf titles with Internet awareness. Change the rules: Windows become the next-generation Internet tool of the future.”
===
Originally published on February 19, 2022
Bill Gates had a very clever tactic for responding to open alternatives to Microsoft proprietary tech.
https://en.m.wikipedia.org/wiki/Embrace,_extend,_and_extinguish
He specifically used these tactics against web1 protocols/standards and open source software.
Of course the modern equivalent would be web3.
It was a far cleverer tactic than trying to dismiss the tech. He saw the momentum and knew it would be smarter to try to co-opt it vs fight it.
Plan for internet
“Phase 1 (Embrace): all participants need to establish a solid understanding of the infostructure and the community—determine the needs and the trends of the user base. Only then can we effectively enable Microsoft system products to be great Internet systems”
“Phase 2 (Extend): establish relationships with the appropriate organizations and corporations with goals similar to ours. Offer well-integrated tools and services compatible with established and popular standards that have been developed in the Internet community.”
“Phase 3 (Innovate): move into a leadership role with new Internet standards as appropriate, enable standard off-the-shelf titles with Internet awareness. Change the rules: Windows become the next-generation Internet tool of the future.”
===
Originally published on February 19, 2022
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