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RE: Network Effects And The Flywheel

in LeoFinance10 months ago

Fascinating analysis on Hive and Web 3.0 in general. It has made me think about creating unique value in these platforms. The example of Amazon and the flywheel effect is a crucial point. However, here comes my somewhat controversial perspective: aren't we putting too much emphasis on replicating past models of success in a rapidly changing world? Web 3.0 should not simply be an improved version of Web 2.0.

I believe that true innovation will come from breaking with the established, not from following an existing model, however successful it may have been. Perhaps we are failing to see the potential of Web 3.0 because we are too busy adapting old formulas to a new paradigm. Web 3.0 needs to go beyond simply being a platform with more users or a better network effect. It should be about creating something radically different, something we can't fully imagine.

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aren't we putting too much emphasis on replicating past models of success in a rapidly changing world?

No. It applies to all networks, not only web 2. Hell, it isnt even digital. This applies to social, biological, and economic networks also.

It is part of nature. This is part of the reason why Web 3 is failing, few understand this aspect of growth. Complex systems are not random. They follow similar paths.

Indeed, all systems have their organization, their symbiosis with other systems, and their mechanism to evolve.