Disclaimer: I spent about 2 months diving into the crypto space this past December-January. Read a bunch of stuff (here’s a shortened list), got an ENS domain, and wrote some Solidity code (w/o deploying any of it, even to a testchain though).
I seems to me that blockchain tech has a lot of potential for building newer, better coordination tools that integrate with an increasingly online lifestyle and culture.
Currently, most of the community’s energy seems to be going into financial solutions, which also produces many, many highly suspicious projects—either outright scams or extremely early alpha work that’s presented as mature.
My personal bet is that we’re in a similar place where PCs used to be in the 80′s: crude, underperfoming tech that never amounted to much (ie. productivity gains) but attracted a lot of academics and enthusiasts that kept building and building until we arrived in today’s world where our lives are deeply enmeshed with personal computing technology + networks. So I’m expecting that the next 5-10 years will bring even more failed projects in this space, but maybe 1 or 2 will turn out to be transformational technologies.
My thinking here is that we need only 1 or 2 “killer apps”, something like email or facebook, that give people immense utility, for blockchain to nudge our digital lives onto a different track. Seeing how much people like Vitalik write and talk about eg. quadratic voting or what the people at (Other Internet) are putting out reassures me that some folks in this space are working on coordination tools.
The Web3 industry and crypto space is so large that I have been working in the sector as a Project Manager for over 3 years and my knowledge still just scratches the surface.
As for “1 or 2 killer DApps” I do know that the blockchain we have been building on, https://Hive.io offers utility.
Users own their social media accounts through a Master Key similar to Bitcoin holders owning their BTC through a wallet address and key.
The usernames on Hive are the wallet addresses.
Social media DApps on Hive are also open source with more on the way, increasing accountability for platforms since the walled gardens have been destroyed (within ecosystems like this)or at least significantly reduced.
Disclaimer: I spent about 2 months diving into the crypto space this past December-January. Read a bunch of stuff (here’s a shortened list), got an ENS domain, and wrote some Solidity code (w/o deploying any of it, even to a testchain though).
I seems to me that blockchain tech has a lot of potential for building newer, better coordination tools that integrate with an increasingly online lifestyle and culture.
Currently, most of the community’s energy seems to be going into financial solutions, which also produces many, many highly suspicious projects—either outright scams or extremely early alpha work that’s presented as mature.
My personal bet is that we’re in a similar place where PCs used to be in the 80′s: crude, underperfoming tech that never amounted to much (ie. productivity gains) but attracted a lot of academics and enthusiasts that kept building and building until we arrived in today’s world where our lives are deeply enmeshed with personal computing technology + networks. So I’m expecting that the next 5-10 years will bring even more failed projects in this space, but maybe 1 or 2 will turn out to be transformational technologies.
My thinking here is that we need only 1 or 2 “killer apps”, something like email or facebook, that give people immense utility, for blockchain to nudge our digital lives onto a different track. Seeing how much people like Vitalik write and talk about eg. quadratic voting or what the people at (Other Internet) are putting out reassures me that some folks in this space are working on coordination tools.
Thanks for the feedback—particularly your view on where things are in the timeline.
The Web3 industry and crypto space is so large that I have been working in the sector as a Project Manager for over 3 years and my knowledge still just scratches the surface.
As for “1 or 2 killer DApps” I do know that the blockchain we have been building on, https://Hive.io offers utility.
Users own their social media accounts through a Master Key similar to Bitcoin holders owning their BTC through a wallet address and key.
The usernames on Hive are the wallet addresses.
Social media DApps on Hive are also open source with more on the way, increasing accountability for platforms since the walled gardens have been destroyed (within ecosystems like this)or at least significantly reduced.