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Venkatesh Rao ☀️@vgr
7/10/2023

The revealed-preference marginal value of privacy/security/data portability for median users is really really low. This might be the biggest blocker of protocol tech (I’m now using protocol instead of blockchain, crypto, web3, web5… it seems the most accurate category descriptor)

In reply to @vgr
Venkatesh Rao ☀️@vgr
7/10/2023

3 ways around this: 1. Increasing the stakes (eg money, passports tied to self-custody) 2. World gets a lot more crazy/apocalyptic 3. Someone invents a use for protocol tech that’s upside use value rather than downside insurance

In reply to @vgr
Ed O'Shaughnessy@eddieosh
7/10/2023

The corollary is they don't want to be made to think, i.e. anything that gets in their way of achieving desired outcomes (e.g. cat videos, rage porn, thirsting, etc) is going to be a big turn off. I think some friction can be good tho, it weeds out the NPCs and keeps the well clean.

In reply to @vgr
necopinus@necopinus
7/10/2023

I wonder if protocol people all have an origin story where one of these values failed in a big/important way. E.g., I got obsessed with data portability after I lost years of writing & art due to a bad backup. But for most people existing centralized gardens work just well enough that they never get seriously burned.