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by kyle-rb
187 days ago
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Web3 is dead, because the VC valuation multiplier switched from "blockchain-native" to having an "AI story", so startups don't have to pretend to care about data-sovereignty anymore. Developers want to use Postgres, not a distributed ledger. And most end users don't really care about data-sovereignty. If I thought a significant percentage of my app's users did, I would much rather rewrite to conform to ATProto than touch anything on the blockchain. |
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