Censorship-resistance, you hear it a lot in crypto. Censorship resistance is just a byproduct of account ownership. Once you own your account, you can no longer be deleted.
However, account ownership offers much more than censorship resistance. When you own your account, you hold leverage as a content creator. Twitter doesn't need to run ads for you to keep using their service, neither does Facebook. That's weird, huh? Have you ever seen a Youtube ad? There's a reason they don't need to fight over your business; it's because they own you. They own your account, your content, and since a lot build their businesses around their social media followings, they own your income. To top it off they can remove you at their discretion without needing even to tell you why. It's a "privilege" to use their service. Never forget this, you're not a owner; you're just a renter, more like a unwitting victim.
However, if these centralised sites didnt own your account, they would need to fight over you. Hell, they even need to pay you.
But it gets much deeper than account ownership. Owning one account just the foundation needed to make fully self-sufficient communities.
Breakaway communities that are 100% self-sufficient create a positive feedback loop whereby every action inside the ecosystem creates an event. Whether it be the velocity of transactions, buying goods and services, providing liquidity, every action, even selling, creates volume and transactions, both good measurements of a healthy network.
The philosophy behind account ownership in itself creates a decentralised free market. If you go to a pavilion and all it has is a Walmart, well, Walmart wins. But if you go and there are dozens of smaller, more niche stores, the consumer wins, and society as a whole wins. Sure, Walmart creates lots of jobs, but they also have the power to remove those jobs on a whim and create a huge single point of failure. Having many store owners gives the store owners and their employees much more resistance to being wiped out while giving the customer more freedom of choice.
The same is true with digital account ownership. Think of Twitter like a Walmart. Sure, they have many accounts in one place, but those accounts are controlled and owned by Twitter, alongside the data on that account, including content. It's much better to make every user into an account owner. Sites turn into skins, whereby easily interchangeable, while the accounts can move between skins with ease.
Account ownership is the nucleus for any human on web 3. Owning the keys to your account is as fundamental as owning the keys to your car or house. Leverage is king. As our data is stripped away from "big tech" web 2 giants and redistributed back to their rightful owners, the price of that data will skyrocket.
Supply and demand, right now, the supply of free data is overwhelming. Still, as web 3 competitors arise that grow in value as a whole due to the attention accompany, people will start to be paid for their attention. Web 3 is fierce, lean, with no overhead nor CEO to pay or middlepeople to take cuts. This means web 3 can always do it "at cost," it's the most brutal competition if you're trying to compete against it instead of build on top of it.
What this means, as a free market, web 3 will dominate due to being able to offer deals, not the centralised entity can compete with. It's a domino effect, and the first domino is already in motion. Slowly then, suddenly, you'll see the implosion of web 2 business models for the adoption of radical new cutting edge web 3 models.
How to pivot control from one entity to many various communities?
Having the foundation for decentralisation to grow on the first layer is only the first step; even achieving decentralisation consistently on layer 1 is only the first step.
The next step is to give the ability for web 2 apps to convert into web 3 dapps. Because business models are so cutthroat, tokenized breakaway communities can form on top of the base layer to create powerful distributed platforms.
Tokenizing the value around a community or platform and decentralising the control have tremendous benefits. Tokenized communities help each other succeed in a positive feedback loop not seen in traditional employee-to-owner situations. When everyone is an owner, big and small, the difference is astonishing. So compared to the legacy system and traditional centralized business models, strong communities have a huge edge.
In the future, having partial ownership in a community rather than a company through stake without the need for legally binding contracts will be normal.
On web 3, I own a small stake in the entire ecosystem. We have a saying in crypto; "we're all going to the same moon!" This is the power of stake-based ownership; it drives incentives on a conveyor belt to success.
image source
Decentralized is the core value of HIVE and that's why people love it and find it spectacular. We love freedom and that's why we remain here. We own the account and no single authority can block it or take away owned/earned tokens. Thanks for your insightful post Dan!
No Wall Street to pay over Venture Capitalists to take a piece of the action.
Users are not the product.
We need to get to people like RaoulPaul or even GaryVee to promote this. With the HBD, token community, account-ownership we offer a unique platform to develop on for the next era of business-model. We need to get heard. We should get this message out instead of trying to get more users IMHO.
I believe there is a problem, when we say web 3.0 people don't understand what it is, what it offers. It is not a clear message "web 3.0" IMHO.
Dan I'm with you 100%.
If you know a really good writer, we should start to rank keywords like " web3, social + finance and other hive relevant keywords in search engines with reference to hive.
Special web3 looks super ugly in top 10 :) I think hive should be there from 1-10.
"Decentralized social network" looks also super ugly. :)
The most interesting thing for me is, people search for it without knowing its already here.
Maybe we could do something about it :)
Yet people are still on the ground, stomping or ignoring each other. I mean just look around. 80% or even more of the users are focusing on their own posts, and when the price start to move up a bit, then they start a massive selling. Honestly, how do all of you expect to "go to the moon", when you jump out of the rocket even before it would lift from the ground?
I'll presume you're talking about Hive. It depends where you look. You can really say that about anything, Bitcoin vs Bitcoin cash vs Bitcoin sv is an example. You can focus on those that are jumping ship or you can focus on the ones staying the course and help out if you feel the same way. There are plenty of people here buidling amazing things and that is where my focus is.
Probably the same reason 80% of people that jump ship are not the ones buying Hive with outside money, but rather earning from shitposts.
That's ok tho, eventually people will understand how ignorant they were. Unfortunately, by the time they realize it, it'll be much harder competition.
Patience is the key.
Just because people don't understand it doesn't mean we're not in the right place at a right time.
Grinding is real.
The time for transition is slow, and the major part of that is that people don't understand what they are becoming part of.
To own a piece of the internet is something amazing!
Monetizing all of your time on the internet is priceless!
Blockchain and especially Hive gives us that as a web 3.0 ecosystem.
Owning your account priceless!
Hey @illyan90 I stayed twice as long as expected at the rainbow, but now i'm home. You are welcome to come when you're free. My phone is broken however, so message me here i guess. Or do you have Telegram?
@atma.love
I'm definitely visiting you at the beginning of next month, I'll stay in touch.
I'm buying a car right now by the end of this coming week so I'll be mobilized :)
Will make my life way easier :)
So just let me know what's a better way for communication for you here or telegram... :)
I just sent you my Telegram username on Beechat. Hopefully i'll have bought a new phone soon.
Wow, you post is encouraging 👏. And happy to hear that only me the owner of my account 😀 no other partys. Safe decentralised world.
Como siempre trayendo gratos post y hasta alentadores podría decirlo, la batalla ya está en marcha tal parece
Me encantó esa parte
En hora buena un comentario en español respecto a este interesante tema de la propiedad compartida (web3.0), frente a la propiedad única y centralizada del creador de una red social (u otra entidad), y a futuro de una nación en la cual las personas sean verdaderos ciudadanos, con real poder de decisión y no necesiten pertenecer a un partido politico, para ejercer su derecho a la participación protagónica de las decisiones de su pais o red social.
We are just scratching the surface of web 3's potential and giving it time we will be wowed.
Nice end image.
This is right if we own our account no one can delete it that's why I love hive a place where we own our data.3speak is best solution of YouTube which is totally Censorship-resistance
People keep using youtube, Twitter, or Facebook because of the mindset that they could earn. They forgot their own privacy and privileges as long as they can earn. That's why these big techs or companies became abusive because of the way people allowing themselves no to fight back. If they are being wise they should understand that those platforms earning because of the content creators. They should understand that each one of them makes those platforms became popular.
Well, we couldn't force them but we hope time will come they will wake up and decided not to let those platforms fooled them.
Web 3.0 seems hard to understand by average people and perhaps one of the reasons they will not try it.
interesting appreciation, it is time to invest and trust in web 3 and keep working until we achieve the empowerment we need to get to the moon soon.
greetings and blessings
很好，我是帳戶，帳戶是我，世界會這樣發展
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STOPJust today before arriving at the office I was thinking about it, in these new times that are coming what are the new forms of entrepreneurship? will social networks such as Facebook and Instagram to cite an example, will continue to be of vital importance? you have clarified the issue a lot, I fully agree that the benefit of feedback when we generate original and own content in our communities, which makes us owners makes us have more sense of belonging than being an employee more, in my case I'm just learning step by step you get far so let's go to the moon then!
Something very similar happens in real life. From Venezuela the news always broadcast how bad the social and economic situation is, but never reflect the work of those who are doing positive actions to move forward, both at the level of companies in the agribusiness (State of Portuguesa), as well as personal initiatives of individual entrepreneurs.
In my particular case I am determined to grow with a community farm (Israeli kibbutz model) called Republica Cultural Suramericana, in the future I hope to become a micro-nation, within the same nation of Venezuela.
If it seems an impossible dream, I will only mention two dreamers and visionaries among thousands who have achieved their goals Sir. Richard Branson and Elon Musk.
So, the web3.0 will be more and more enthusiastic to users in hive.blog, as Venezuelan and foreign citizens, who see in the decentralization of social networks an irrevocable trend.
Translated with www.DeepL.com/Translator (free version)
En Español
Algo muy parecido sucede en la vida real. Desde Venezuela siempre las noticias emiten lo mal que está la situacion social y económica, pero nunca reflejan el trabajo de los que están haciendo acciones positivas para salir adelante, tanto a nivel de empresas en la agroindustria (Estado Portuguesa), como iniciativas personales de emprendedores particulares.
En mi caso particular estoy determinado a crecer con una granja comunitaria (modelo kibutz israelí) denominada República Cultural Suramericana, en un futuro espero se convierta en una micronación, dentro de la misma nación de Venezuela.
Si parece un sueño imposible solo mencionaré dos soñadores y visionarios entre miles que existen que han logrado sus objetivos Sir. Richard Branson y Elon Musk.
Asi que la web3.0 si logrará entusiasmar cada vez más a usuarios en hive.blog, como ciudadanos venezolanos y extranjeros, que ven en la descentralización de las redes sociales una tendencia irrevocable.
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Don't forget to bring the duct tape, it saved 3 men's lives who were running out of oxygen on their trip to the moon.
Could we one day see Twitter go decentralized, and pay its users??? I don't know if they would rather shut down or not!
Hive is the future, I am just hoping that we get a decentralized option for shorter messages too.