Quote by @stani • Hey
Why do you think its happening?
Comments
- Personally, I think it's because people were mainly there for the "wrong" reasons. The USPs are essentially built around financial gain, so when that is no longer in play there is little reason to stay.
I feel that content discovery, sharing and discussion has always been an attention honeypot; that's why (in my opinion) platforms that keep content centre stage will always have a better chance of success, regardless of monetisation of assets. Web² has been running that playbook for years-and it still works! 😅
That said, if you somehow manage to combine content and monetisation into a singular user friendly solution then... 🚀 📈 🌿 👀🌿
- I mean, these apps are kinda like FADs and were just something to do while the market was bored. Little bit of a circle j$&).
- short attention span, low value besides speculation vs existing alternatives that have better UX, lack of scale/not bootstraping on bigger social graph
- No real utility (?)
- Gambling on your friends is not great. Investing in them is! I know I’m a broken record but Web3 needs to create apps which allow users to sell data with other users can then use and thus wish to buy.
Seems simple but few have cracked it. Friend.Tech and Fantasy are pure speculation on use data with no meaningful utility.
Orb/Hey/Phaver allow users to buy data but not use it. This is backwards. We need apps which let users use the data, thus incentivizing more data creation in hopes it gets sold and used.
Blockchains are just big databases. Everyone is creating random data. Almost no one is creating apps which actually USE that data, let alone incentivize using others’ data.
- their model was initially programmed to do it. pure pyramid schemes.
- 🤦🏻♂️SMH
- Reading it Stani!
- To scale, DeSo needs the combination of the good and the bad that gives the Web2 media the momentum/adrenaline it has.
Secondly, DeSo metrics shouldn't even try to compare themselves with Web2 media. It will take a lot of organic growth to get to Web2 level.
Lastly, there should be a lot of focus on onboarding new users who are literally new to crypto and getting them to start using DeSo early so that they understand what it can offer. These are people that will stay and invite others.
Most new users are getting onboarded via X and Telegram and these platforms aren't willing to share 😄.
Imagine Lens having a mini social app where people can "tap" to earn points and also chats with their friends in app.
The old people in crypto have no loyalty and are just looking for how to game the ecosystem.
More importantly, there should be long lasting reward mechanism that "subtly, randomly, unexpectedly" appreciates users contribution to the ecosystem without the consciousness of farming "Airdrop".
Something that encourages people to be real.
- 📱
- Replied on bankless post itself ... Go dig for my advice. Ghehe...
- Too much social networks, either people chose only one or two, or even reduced their use of social?
- It's addictive
- Study hard