When technology gets flowing, things can happen very quickly. We live in a technological world where it is winner take most.
In this video I discuss how the present social media companies are so tightly wound when it comes to Wall Street, that disruption will caused their stock to get hammered. Taking even 10% of, say, Twitter users over to a Web 3.0 application would have catastrophic reactions from the Street. This would set of a wave of adverse results that the company could not unwind if it was repeated for a few quarters in a row.
▶️ 3Speak
It's taken at least 2 years already since the first big call for decentralized social media and systems. We are no where near making the transition yet. I firmly believe what will greatly help is community based platforms. Instead of having a full general social media it would be split up into groups of people based on topics, Games, type of game, game itself. We see this happening with Hive and HIve honestly is a heck of a blueprint for it to happen on. These communities are what will grow and start to transition people off of traditional social media and on to new platforms.
I give it another 5 years at least before there's more on web 3.0 then old social media platforms like Facebook.
Maybe even much more than 5 years. Beating Facebook is like beating everything in Dark Souls, which is very far from "very quickly".
They key is not to beat Facebook. Web3 is a success if it has a 10% impact upon the social media world. That is where the floodgates will start to open.
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I think the development will be quicker than 5 years. It is amazing how quickly technology can spread once it starts rolling out. We still have infrastructure being put in place. That said, there are a lot more developers involved than 2 years ago and more software to build from.
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Youtube is too big a beast to beat normally. I am not surprised if it was also getting subsidized just so they can build their position. I am also wondering how many people will be jumping into the speak network and whether or not it will be able to surpass Youtube's dominance.
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Even I use YouTube (mostly to watch videos). But I have not even tried the speak network. Although I tried DTube in the past. People say that DTube deletes videos over a certain period of time. I did not see this on YouTube. I still have all of my uploaded videos, even the earliest ones and the first one (uploaded 13 years ago in 2008), and even the ones I put to private or to unlisted.
What I like in YouTube is the fact that it simply works for ordinary people for average things. What I do not like about it is the censorship on the platform. For example some videos being banned in certain countries, or even worldwide.
Yea I think there will always be a demand for Youtube because the business model is different. Any video uploaded can earn forever so some of those influencers would be hard to convince.
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And I do not even earn from most of my videos in most cases (I rarely have viewers). I just store those videos. YouTube is probably the best solution for free long term video storing.
It is but storage costs are insane high. I feel like Youtube keeps it around since they want the data so it doesn't matter as much to them but any other alternatives will definitely have issues.
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On a long enough time line Hive beats everything out there. No one who spends enough time here to see what's happening goes back.
When you say the infrastructure for Web 3 is going to be done in 2022, are you mainly referring to building out the SpkNetwork?
That is one piece of the puzzle. I think another piece of the puzzle is the addition of the #ProjectBlank application. That holds great promise.
We also need to see a few others, in my opinion tied to more short form engagement. I havent heard of anything but once the others start to flow, we will see developers start to really jump on board.
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I understand why people are doubtful about the demise of entities like Facebook and the move from Web 2.0 to Web 3.0, but I agree with you because you and I remember how quickly big dominant platforms like MySpace and big dominant businesses like Blockbuster were quickly swept away by advances in technology. I agree that technology makes all things possible and mass adoption of technology can cause fast cultural shifts and leave once dominant companies behind. I think just as Blockbuster and MySpace are now just distant memories, so could this fate consume the mighty Facebook and Twitter.
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It is amazing how quickly things can turn. Consider, in the retail world, how fast the demise of Sears was. They bought KMart which was heralded as a good move only to see Amazon really spread its wings not long after.
With technology, things move quickly.
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Good Example, as a Company many would consider it to big to fail. Something which sounds familiar.
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