For example: Spotify doesn't own any music copyrights, yet they own 32% of the music streaming market. The second best is Apple at 16% ... which also doesn't own any of the music.
https://www.statista.com/statistics/653926/music-streaming-s...
It's still a severe issue but it's a much simpler solution to simply build competitors for a tool accessing an open platform than it is to build a new platform entirely.
aside; sometimes I feel like I’m taking crazy pills because for the last decade or so on HN we’ve been talking about how Big Tech has monopoly control over everything, how they’ve destroyed privacy and monetized eyeballs and engagement to the fullest. And now that a potential decentralized competitor is emerging, the kneejerk reaction is “why not just keep using <monopolistic centralized surveillance ad platform>”?
(I understand why, cryptocurrency is the whipping boy of the week, and it’s full of scammers, I get it! But I’m not going to pretend I’m happy with the existing crop of centralized services.)
Consider how many people post something on Facebook in a single day, and now consider what it would take if each post had to be replicated across tens of thousands of independently operated systems. Big tech companies scale in large part because of their centralization, which allows them to coordinate large numbers of physical machines to efficiently provide service to their users. You may not like the ads-centric business model but on a purely technical level it is pretty clear that the big tech companies have a big advantage in terms of operating their infrastructure, and overcoming that advantage is not going to be easy for any distributed system.
I personally prefer to focus on mitigating/preventing abuses by a central authority/component of a system, which almost always results in a far more efficient and reliable solution that trying to eliminating all centralization.
Right now? Absolutely not, web3 is pure jank right now. I’m just trying to see where the puck is headed.
> I personally prefer to focus on mitigating/preventing abuses by a central authority/component of a system, which almost always results in a far more efficient and reliable solution that trying to eliminating all centralization.
How do you do this? How do you take Facebook to task? The only entity that comes anywhere close is France maybe and those fines are just a slap on the wrist.
The question, for me, is actually "how is this any different than <monopolistic centralized surveillance ad platform>”?
Because I still remember high school and how every single one of these monopolistic centralized platforms sold itself to me as "Come to us, we represent a new free and open society unencumbered by stodgy authorities!".
You know, the exact same rhetoric these new web3/crypto companies are selling. Sounds like Animal Farm all over again to my skeptic ears.
Remember when Twitter was the future of decentralized discourse free of government tyranny where you can organize political protests free of oversight and manipulation from your local govt? Hell it's a big part of why arab spring worked!
You can send a transaction from A -> B using Bitcoin (or another cryptocurrency) without it being censored by any government. Can they see your transaction? Yes. In that case, use Monero (or the upcoming Railgun). Comparing crypto to any of the above is quite a stretch.
Twitter may have failed in it's promise, but right now, crypto/blockchains/web is a massive improvement. They may not be perfect, but they are trending in the correct direction. Like the parent post, it's shocking to me the 180 that HN has done in this regard.
Is it all of HN that's changed, or just this thread? There are probably a lot of ppl commenting on this article that don't bother to comment (or maybe even read) many other web3 related articles.
Every startup that goes big eventually becomes the thing they were supposed to obsolete, because all the incentives point that way. Moats!
I hope that this time is different, because we can now deploy code that is ownerless and immutable. Kind of a cool property if it catches on.
I don't pay a lot of attention to the complaints, so I could be wrong, but it seems like when ppl complain about Twitter they're just as likely to complain about them being too unencumbered as they are about them restricting too much.
End consumers don't care and that will always dictate adoption.
Also because people are complaining - doesn't mean that this specific implementation of decentralisation is the right one and that's why it gets so much pushback. A mere difference of opinion, but mostly because parties who claim to work in the name of decentralisation are there to grab the cash and push the narrative that it is actually to relief the society of evil organisations - so far its rather about wealth re-distribution as usual...
>>For example: Spotify doesn't own any music copyrights
It has licensing agreements with numerous record labels.
A counter example here might be Twitter and Facebook. You can export all your data just fine, but it’s useless anywhere else. Because the reason you’re on Twitter/Facebook is that everyone else is there. They own the distribution of your connections making the data itself useless without them.
The real differentiator is that with Web3, the data is open, so providing an alternative is as simple as providing an alternative front-end.
What threatens the promise of Web3 are the issues that this article brings up, with decentralized projects not being able to iterate as quickly as centralized ones, leading to proprietary elements becoming the standard for some aspects of widely used Web3 technologies (like NFTs) and establishing a moat for the centralized platform that owns that element.
True, but they could make it very easy for users to transfer all their data, which makes it possible if they could convince everyone to do it mass. So the real problem is that it's not realistic to convince everyone to move; the network effect is too strong.
AFAICT, OpenSea et al have the same first mover/network advantage. The record on the chain of a url "belonging" to someone has approximately zero utility without the edifice they've built on top
My guess would be that others could extend the protocol, but the challenge would be to get the extension widely adopted.
For example, ERC20 is the primary token transfer protocol on Ethereum, and there are various new token transfer protocols that are supersets of ERC20, and add useful new functionality, but they have not yet gained the widespread adoption to become useful the way vanilla ERC20 is.