That is true although I would venture to say that we do not have many Web 3.0 related apps on any of these phones.
And the major public companies have more than just users. There is still profitability that comes into play, something Twitter is going to be dealing with.
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Let's also remember that many Big Tech companies-- those we consider Web 2.0-- also receive some level of government subsidies. That explains part of their dominance of the space. This is also what Hive is up against.
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That is true they do. However, the money situation can change quickly especially when you consider the network effect is what adds the value, in fiat terms, to cryptocurrency.
I think this is key. Even the government could have a tough time competing with that if it explodes in value.
The next bull run ought to make things very interesting.
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