jordhy
Joined 15 years ago
Joined 15 years ago
Everybody fails at many things multiple times in their lives. Just try to manage failure gracefully and get things in order before trying again.
The typical builder class is better off importing, subcontracting or outsourcing key value add operations. This creates several vacumms: local talent, cheap infrastructure (since decreased consumers increase prices) and, finally, weaker supplier networks.
Over time, these loops combine and grow, making it harder and harder for companies to compete. Incumbents exit the market unless governments step in and provide incentives that either offset externalities or reduce operations costs for corporations. As an example please check this article about the Mac Pro production in America: https://www.cnn.com/2019/09/23/tech/apple-mac-pro-united-sta...
Bitcoin provides millions with a free bank account. That is the single best example of the value Web 3 provides. But you choose to avoid it. You also chose to overlook the Livepeer example, and even the entire Coinmarketcap list.
I think you should just continue looking the other way, because you just don't understand what's happening. No problem, in a decade you will.
Also look up IPFS here https://ipfs.io - that will disrupt Amazon S3 among other services.
Tokenization and ownership are huge. Ecosystems like Stacks (https://www.stacks.co/explore/discover-apps) have hundreds of Web3 apps already running and providing value.
The value provided by Web3 is simple: now you can program property and ownership on the web.
This changes banking, finance, publishing, social media, etc. It's a huge change because users can take their data across platforms and avoid lock in. Imagine a single social profile that works across platforms (one single profile for Facebook, Twitter, Insta, etc). The possibilities are endless.
I suggest you keep digging in and make up your own mind. Don't let dismissive one liners dissuade you from learning.
Disclosure: I'm a founder of Web3 protocol called Bitfari.
www.jordhy.com/about