I get your point and its true that we are in the very early stages of what crypto will be and how universal it will become but your history on myspace/facebook is way off.
Facebook and Myspace launched about 6 months apart from each other in 2003 and 2004. Not in the 90's. By 2004, in the US at least, it was not hard or expensive to get online anymore and it hadn't been in about 7 years. By 1997 most internet service providers like AOL had some form of a $20 per month unlimited access plan.
Myspace targeted bands while facebook targeted colleges. For a few years you couldn't even have a facebook account unless you were in certain colleges. Myspace had way more functionality than facebook and was a lot more fun. They almost put facebook out of business pretty early on. What brought myspace down and saved facebook was that the code myspace was built on wouldn't scale anymore because they never expected to get that big when they built the site over a weekend and they gave users a ton of control over customization which put more strain on the code.
Myspace was sold to rupert murdoch at its peak when social media was really breaking into the mainstream and Myspace was destroying facebook. But Myspace needed to put some resources into updating the code and their new owners weren't interested in spending more money on it so the site got glitchy and people begrudgingly went to facebook to keep getting their social media dopamine hit. Myspace never recovered.
I remember moving to facebook and hating it because you couldn't do anything on it. On myspace I had photo albums and a music playlist on my page and there were thousands of widgets and ways to personalize your page. Community owned market places popped up where people deisgned and sold/gave away templates and games you could put on your page to make it look and function however you wanted. Half the fun of it was constantly changing your page but it also had all the features of a social network you'd expect. You could message people, look at their pictures, read their updates, write blog posts, and see who they were friends with.
On facebook you could have one profile picture, there were no photo albums, you couldn't customize anything. You had to use your real name. They didn't have the timeline yet so there was no central place where all the information went and you could scroll through. You could just message people from their page and look at their one photo. But whereas all the customization myspace allowed people to do was ultimately too much for the code to take, Facebook kept everything under tight control and their code kept working because of it.
The story of the internet coming into a new age where crappy sites like myspace gave way to new sites like facebook just isn't true.
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