Collected web3 twitter threads
- Why web3 matters
- Product cycles vs financial cycles
- Composability is to software as compounding interest is to finance
- Blockchains are the new app stores
- Tokens are a new digital primitive, analogous to the website
- Going from Web 2 to Web 3 - “Your take rate is my opportunity”
- The web3 playbook: using token incentives to bootstrap new networks
- Seven types of NFTs
- The internet treats bad business models as defects and routes around them
- Some reasons to build your startup in web3
- Turning networks into economies
- Web3 critics misunderstand decentralization
- How web3 data portability reduces the power of centralized services
- NFTs and ownership
- The internet is not yet mature
- Economic loops for startups
- The myth of “ETH killers”
- Usability/monetization death spirals
- What’s next in web3
- How open lost to closed in web2
- A few common ways new technologies can be misunderstood
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