Dan Romero
@dwr.eth
Depends what you're building?
If you're building a protocol, most receptive audience of potential early users and developers.
If you're building an app, lower bar for competition and if you have the ability to survive and make progress through the brutal down markets, well-positioned to do well in the up market.
Cameron Armstrong
@cameron
@saymore A Dan perspective “early mover advantages” opinion screenshot essay would become FC canon super quickly
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Alex Kwon
@ace
⭐ Threadstarter
given the decentralized, interoperable nature of web3 products,
what is the early-mover advantage for building in web3 today?
Alex Kwon
@ace
for protocols def get it since farcaster is the living and thriving example - was mainly thinking about app layer ones.
i just randomly thought about Apple - their classic style is not to be the “first to market” but “last to market” meaning they go when the tech matures and makes it mainstream.
paul
@0xpaul
For defi, I’m more likely to place trust in protocols that have secured high TVL for a longer period of time.
But also if you’re a lower level primitive that people build on you’re more likely to have a moat that way? And early movers are likely to have more dependent layers on top. Like farcaster for example
Dan Romero
@dwr.eth
Well that's hardware, which is different.
That said, Facebook was after a bunch of gen 1 social networks.
Coinbase was early to crypto vs. FTX was newer...
Alex Kwon
@ace
i was thinking for software too.
Six Degrees: high server cost/scaling issues/smaller audience
Facebook: didn’t have much of issues Six Degrees suffered from
still to this day i wonder whether we stand at the atmosphere of Six Degrees or Facebook for building in web3 at least on the app layer.
Dan Romero
@dwr.eth
the number of users won't be there for a while, but the quality of users is quite high. comes down to time value of money / opportunity cost for a team.
Om Malik
@ommalik
This is clearly new way of thinking and the web isn’t built to think like that. I don’t much care about whatever is crypto, but I have been a believer of this decentralized way of thinking, and finally tools are emerging to make it happen. Web3 will be truly a step function better than what we had at present!
Alex Kwon
@ace
“what we “had” at present.”
love that you put present in the past tense. a view from the future.
what kinds of step function improvements do you look forward to as a user of such products? here to learn
Om Malik
@ommalik
Freudian slip!!!
Alex Kwon
@ace
accidental invention. ima steal that tense 🥷 - too cool to let it stop at a “slip”
Abhishek Agarwal 📱☀️
@abhishek1point0
Can you tell us more about the struggle during down-markets? What interferes with the ongoing trajectory of the company!
0xLuo
@0xluo.eth
1. Establishing a reputation early
2. Capturing more value if successful
3. Gaining valuable experience/knowledge early
Ashinthewild
@ashinthewild
Skipping the politics and biz pressures of web2 for a gen of users that say fuck off to the way things are