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A comment on My First Impressions of Web3. Parent comment

Re:My First Impressions of Web3 by wmf on Friday January 07, 2022 @06:42PM (#29846591)
In theory you should be able to build a new NFT marketplace and airdrop the shit out of it to replace OpenSea.
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Re:My First Impressions of Web3 by threeseed on Friday January 07, 2022 @06:54PM (#29846700)
And in theory I can build a social network and become bigger than Facebook.

The reality however is that market dynamics, acquisition costs, network effects etc prevent this from happening. And these aren't things that crypto can really solve.

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Re:My First Impressions of Web3 by v1vek on Friday January 07, 2022 @07:23PM (#29847013)
No you can't - the social graph is private.
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Re:My First Impressions of Web3 by arcticbull on Friday January 07, 2022 @09:40PM (#29848062)
Why would that stop you?
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Re:My First Impressions of Web3 by Sargos on Saturday January 08, 2022 @02:28AM (#29849484)
The social graph is 90% of the value of a social network and the hardest resource to build. Without it an exact copy of Facebook built by someone else is useless.
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Re:My First Impressions of Web3 by arcticbull on Saturday January 08, 2022 @12:01PM (#29853551)
It's only useless if your goal is to have an archival copy of the entire social network. That isn't the goal for most social networks. The build around communities and grow/evolve over time.
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Re:My First Impressions of Web3 by magicjosh on Friday January 07, 2022 @11:34PM (#29848658)
This is the premise [1] of $SOS token - though I haven't seen anything substantial, just what's on their website and in a few articles [2].

[1] https://www.theopendao.com/ [2] https://decrypt.co/89325/sos-token-aidrop-opendao-opensea-wh...

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