Elon Musk made Twitter headlines again. He evidently was mocking the proponents of Web 3.0 with a non-supportive meme. When asked, he downplayed the returns, believing they will be lower than the 2010s.
To be honest, there is a degree of genuineness to what Musk is saying. While it is easy to contradict his view of the returns, the fact there is a lot of talking taking place.
Instead of talking, we need more action.
Of course, this is a point that many made over the last few years. Some of the biggest proponents are Web 3.0, blockchain technology and cryptocurrency, do all their espousing on traditional social media. They truly are not involved in Web 3.0 at all.
Many of us understand the need to reach the masses and, without a doubt, they reside on Web 2.0. However, the fact that few are converting over to newer platforms shows the hypocrisy the entire industry is putting forth.
It is no wonder that people like Elon Musk cast doubt on what we are discussing. This activity is fairly evident so why even look into the potential disruption of Web 2.0?
Source
Migration Away From The Existing System
Here is another point we often delve into. Ultimately, the construction of an alternative system will lead to a migration away from what we presently use. Yet this is not an overnight process.
In fact, it is time to stop talking and start building. While we saw the number of people involved in cryptocurrency jump into the hundreds of millions, how many of them are truly involved in Web 3.0?
Sure, simply holding cryptocurrency in a wallet does mean one is already involved in a different financial system. However, that is a far cry from being a Web 3.0 user or proponent.
We know this is something the few will have to carry forward. Mass adoption rarely comes at the beginning. In this instance, there simply is too much to construct for it to see a rapid switch. The building of applications, protocols, and businesses is vital to the ongoing transformation.
Nevertheless, we have to start the paradigm shift by "opting out" of the present system wherever possible. The onus starts with the person we see in the mirror each day.
This will result, eventually, with people beginning their journey via a simple applications. Thus far, we have not seen a "Killer DApp" show up. That is where the process can receive a major boost.
In the meantime, a lot of infrastructure still needs building to enable the masses to operate on their level. Technology that is difficult to use and confusing will not appeal to the masses.
Market The Solutions
We spend a lot of time in the theoretical world. That is natural when discussing technology, something that is often futuristic. When dealing with something that is not in place, it is, naturally, all theoretical.
This is not where most people operate. They do not care about what is being built. Instead, their focus is upon what can be used today. For that reason, we need to market the solutions that are available for people.
Here is where the industry, as a whole, runs into a wall. The truth is we have few solutions at this point. Sure, there are some out there that might fall into this realm yet we are plagued by the fact things are not easy to use.
Success comes from the grinding forward by a lot of people. Each day, we have developers hacking away at code. This is going to generate the applications that we utilize in the future as a part of Web 3.0. Nevertheless, in the meantime, the rest of us are populating what applications do exist, trying to instill whatever network effect we can.
This is going to be kicked into overdrive by focusing upon the applications. It is the level that the masses operate. Ultimately, they want to know what is in it for them.
Patience
It is also vital that we exhibit patience. Many equate to the process with the Internet in the 1990s. That is likely the most valid timeframe comparison.
For that reason, we need to recall how "slowly" things developed there. Nothing was an overnight success. Certainly, when it came to the DotCom bubble, there were instant valuations that were absurd. However, the solutions for individuals, along with the adoption, took a while. One of the biggest reasons is we were dealing with an entity that people did not understand.
In 1994, even the term Internet meant little to people.
Today, a significant portion of the population heard of cryptocurrency. Maybe a few came across Web 3.0. However, the masses do not understand it.
Going one step further, most still cannot tell us what the Internet is, let alone how it works. In the end, they do not care. What they do know is Netflix, Google, and Amazon. Truthfully, that is also all they are concerned about.
The point is that nothing is going to happen overnight. The migration process will take years. It was the case with the Internet when it started and that is how Web 3.0 will go. There is no way around it.
For this reason, patience is key. Even 200 million people involved in cryptocurrency is a drop compared to the 7.5 billion people on the planet. As we can see, there is still a lot of upside in the user numbers.
Most concern themselves when things arrive. Hence, Web 3.0 is going to be appealing to people only after the applications show up. Before that, you might as well be talking about the Lock Ness Monster, most will tune it out.
Which puts us back in the position of grinding away. We develop content and post it on the few Web 3.0 applications that are available. While the numbers are still low, we keep expanding the library, understanding that growth is vital. If there are 1 million articles posted on Web 3.0 infrastructure, we need to get it to 10 million; then to 100 million; and a billion.
All of us are builders in our own way. This is part of being a trailblazer. Each transaction that occurs on blockchain is one that is operating outside the realm of the traditional system. Here again, numbers become important. No matter how miniscule in comparison, we are part of the migration away.
There is no need to convince a guy like Elon Musk of what is taking place. Instead, we simply show him. Build to the point where it cannot be ignored.
As they say, talk is cheap. The value is in the action. And with millions of people involved on a daily basis, we are certain to bring forth Web 3.0. It is only a matter of time.
If you found this article informative, please give an upvote and rehive.
gif by @doze
logo by @st8z
Posted Using LeoFinance Beta
The less people opting into the system means the current system will just naturally come towards us. We have seen an increase interest from the corporations and banks into crypto because they are noticing the smaller pie of funds going into their end. They want to have access to larger markets and crypto is definitely a growing market. So all we need to do is just keep developing and using the chains so they will be forced to come over.
Posted Using LeoFinance Beta
Would you agree that the internet made the world smaller i.e. I can talk to my cousins in Malta from California for free, and the Blockchain is making the world even smaller i.e. I can send Hive to anyone in the world on the Hive Blockchain for free without the use of a bank?
It definitely did make things smaller but I still think people are trapped in the current financial systems. So it might take more time before it becomes mainstream.
Posted Using LeoFinance Beta
That is a very good point. Many people and businesses are carrying heavy debt paying a premium for the currency that they spend. My Brother has no interest in crypto and holds no assets. I would have to convert my crypto to fiat to give him any money and he will pay a premium especially if he banks it.
With a Hive account, I could send him Hive in any amount for free as often as I like. If he decides to power it up his Hive will earn more Hive. The banking system is so broken but a person has to be able to step outside of the system to see.
I am lucky 👍
When you build Web 3 and the masses don't even notice the difference you will succeed.
Web 3 is a backend revolution, taking control of your data and content. Generally speaking we still have a bit to do on the front end to bring it up to speed. Hive and platforms like 3speak are leading the pack, chains like sia, infrastructure like ipfs are getting there but still have a long way to go.
I have had some experience with 3Speak, not very much but in the last few months I have made real money on 3Speak, meanwhile, I have friends working YouTube really hard for the past 16 months and they have yet to monetize.
The Hive Blockchain is other worldly :-)
I agree, even convenience is very important, I would say.
That’s why it’s said
Actions speak louder than words..
amen
Build it, and do it well, and they will come.
Just talk about it, and they'll wonder what you are going on about.
Build it well and make it simple, and they'll come and stay
Reminds me of field of dreams🥰
😂 only we aren't going to play baseball on it!
View or trade
BEER.if you want to build web3 I have 1 simple way we can do that lets download the brave browser and send 1 bat coin each month to each other
agree i like the new ens project that is in full swing
I wonder how Elon could learn more about hive. I am sure it would blow his mind …
When it is built right, people will automatically come. And someone will do it, if not, the other person will grab the opportunity!
Oh yeah! Elon Musk as many other "influencers" like him out there, always mark an important trend of full mindfulness for the greater world each time they open their big mouth. };)
~~~ embed:1467827186690318338 twitter metadata:aWxiaXNjb218fGh0dHBzOi8vdHdpdHRlci5jb20vaWxiaXNjb20vc3RhdHVzLzE0Njc4MjcxODY2OTAzMTgzMzh8 ~~~
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
That is the only way! Keep your head down and BUIDL. The thing is that many of these new Crypto users are not really even using their Crytpo, or even active on any blockchain. The majority simply bought a few thousand dollars of Crypto and are keeping it on Coinbase or Crypto.com. They genuinely know nothing about the space or the tech.
Like you say, continued posting and education will eventually breach the wall of ignorance... but it may be a hard road.
Posted Using LeoFinance Beta
That is exactly what my goal is to be honest here on Hive.
How that will develop and play out i do not know.
But with everything in play right now there is a chance to move away from the old broken system.
Have a great day bro @taskmaster4450
Do you think that Web 3.0 is spreading it's self to thin by having so many different blockchain protocols and so many different crypto currencies for people to consider? Once there is a clear group of 5 or 10 for people to choose from, there may be greater adoption. Currently there are so many to choose from that it is very confusing which are good and which are just a fad that will disapear in the near future.
Inspiring advice on how to bring WEB 3.0 and the Blockchain to center stage. Thank you
Back when the internet was young I was actually working in IT. The big fear at the time was having your financial information on the internet. For example, they did not want to buy something on a website they never heard of, at the time Amazon was a new business and did not yet have the public's trust.
When trusted companies well-known companies started to sell online it was easier to explain to clients that it is actually safer than giving your card to a store clerk.
It is happening through NFTs like Mattel making Hot Wheels NFTs that sell for more money than the actual Hot Wheels cars :-)
I agree we are early in the transition to web 3.0 and we need to be patient, promote or build solutions and be happy we are here early as early adopters, so we should benefit handsomely.
Posted Using LeoFinance Beta
I respect Elon for his achievements, and for what he has done in the area of renewable energy. I do wish people would stop chasing after him to legitamize crypto, because crypto legitamizes itself.
Posted Using LeoFinance Beta