Too bad for Technova but at least it made them learn about Web 3 😊 but imagine the years of work put into building and working only to disappear in a blink of an eye. Ouch!
We've seen so many users and businesses hit this wall already but it hasn't stopped others from protecting themselves. Web3 sites are still too hard to get started on, too niche to monetize well and to few followers for big names.
Yep, right now the risk:reward between having your account deleted and the ease of onboarding more followers via a popular platform, is currently skewed to the later.
And so, TechNova Inc. embraced their new beginning—a journey rooted in transparency, accountability and the empowerment that only the Web3 realm could provide.
Despite the years of hard work and dedication poured into cultivating their audience, they were essentially at the mercy of the moral obligations of a for-profit, bound by the ever-changing whims of their current management team.
In the digital realm, it has quickly become evident that businesses don't truly "own" their accounts on these platforms; they merely "rent" them from the service provider.
At any moment, without warning or recourse, a business could find itself cut off from its audience and the treasure trove of data they have painstakingly gathered.
As the dust settled, the TechNova team realised that they needed a more resilient and secure way to build and maintain their audience—one that wouldn't be subject to the whims of a single corporate entity.
That's when they discovered the concept of Web3— Basing your social account on a decentralised, censorship-resistant network that would empower them to truly own their accounts and data.
The architecture is built on blockchain technology, where data is distributed across a network of nodes, making it highly resistant to censorship and single points of failure.
No longer bound to the terms and conditions of a centralised entity, businesses on Web3 have the freedom to express their ideas and engage with their audience without fear of sudden bans or restrictions.
Their interactions were no longer limited by a centralised authority and they could start to focus on sending the type of message they wanted to send to their followers without fear of recourse by the platform itself.
Hive's unique consensus mechanism ensured that the data remained immutable, secure and tamper-proof, providing an unparalleled level of trust in the network housing their Web3 Hive account.
In time, TechNova became a business pioneer in the transition to Web3, advocating for decentralised networks and showing other businesses the path to true ownership of their online presence.
Too bad for Technova but at least it made them learn about Web 3 😊 but imagine the years of work put into building and working only to disappear in a blink of an eye. Ouch!
Love this tale!
TechNova might be fictional, but the moral of the story certainly isn't.
Businesses building their audience on web2 platforms like Twitter are at their mercy.
Don't risk it.
Onboard your audience to a #Web3 account.
We've seen so many users and businesses hit this wall already but it hasn't stopped others from protecting themselves. Web3 sites are still too hard to get started on, too niche to monetize well and to few followers for big names.
It will change at some point when we get a viable alternative so the real question is who can build that app first and mainstream it.
LEO?? Maybe.
It's the closest that ive seen so far.
Yep, right now the risk:reward between having your account deleted and the ease of onboarding more followers via a popular platform, is currently skewed to the later.
It won't happen to me...
...until it does.
Very true. And though it may be fictional here but might be a reality for some. Hope people wake up already.
If you read to the end of this thread, thank you.
Leave a comment and I'll be sure you get a cut of the $LEO reward pool to reward you for your time.
43/🧵
How many cups of coffee did you drink making that!
Good for you though Dane going to bookmark this as it makes for a great wee read of why web3 is the future.
Inside my mind is a glorious, yet fucked up place to be 😂.
Seriously though, this is a scenario that's going to play out for many companies.
Right now, the risk:reward between having your audience taken from you and being able to easily expand it is more positively skewed to the later.
But it only takes 1 click by a 3rd party and all that work was for nothing.
Slowly but surely, the risk won't be worth it.
And the award, a trophy for the longest #threadstormthreadstorm eer, in the history of the Universe, will now sit on the Desk of Dane!
Good work bro.
I got to about thread 10 and regretted my decision...
But got there in the end 😂.
Thanks mate, have a great night/day!
Thank you 🙏
Once upon a time, in the bustling digital landscape, there stood a thriving business called TechNova Inc.
2/🧵
This company had made its mark in the world of social media, particularly Twitter, where they had amassed a loyal and engaged audience over the years.
3/🧵
Their journey had been a rollercoaster of success and challenges, but nothing could have prepared them for the storm that lay ahead.
4/🧵
TechNova was known for its cutting-edge innovations and ingenious marketing campaigns that captivated their followers.
5/🧵
They had built a strong reputation and a significant online presence, thanks to their consistent efforts and the support of their devoted customers.
6/🧵
However, unbeknownst to many, there was a dark stain in TechNova's past—a decision made long ago that had been a cause of moral debate.
7/🧵
In a moment of misguided judgement, they had taken actions that many found offensive and unethical.
8/🧵
They had found their place in the shadows of the bluebird.
Not as a mere guest, but as owners of their account and thus destiny.
42/🧵
And so, TechNova Inc. embraced their new beginning—a journey rooted in transparency, accountability and the empowerment that only the Web3 realm could provide.
41/🧵
One where they were no longer at the mercy of a single corporation's moral compass.
40/🧵
The journey that began with a painful ban on Twitter had led them to embrace a decentralised future.
39/🧵
They had since grown, learned from their mistakes and made amends, but the ever-watchful eye of the internet never forgets.
9/🧵
One fateful day, without any warning or chance to defend themselves, Twitter dropped the ban hammer on TechNova.
10/🧵
A moral backlash erupted on the platform, fueled by an old exposé that had resurfaced from the depths of the internet.
11/🧵
It was a decision made under different circumstances and a different mindset, but now it came back to haunt them.
12/🧵
Twitter decided to ban TechNova from their platform, severing their access to years' worth of data and, more crucially, their precious audience.
13/🧵
The blow was devastating.
The once-thriving digital empire was left reeling in shock and disbelief.
14/🧵
The loyal customers who had come to rely on TechNova's products and services were suddenly cut off and the company's revenue plummeted.
15/🧵
Being banned from Twitter was a harsh reality check for TechNova.
A stark reminder of the risks every business faces when building a social following on an entirely centralised Web2 platform like Twitter.
16/🧵
Despite the years of hard work and dedication poured into cultivating their audience, they were essentially at the mercy of the moral obligations of a for-profit, bound by the ever-changing whims of their current management team.
17/🧵
In the digital realm, it has quickly become evident that businesses don't truly "own" their accounts on these platforms; they merely "rent" them from the service provider.
18/🧵
At any moment, without warning or recourse, a business could find itself cut off from its audience and the treasure trove of data they have painstakingly gathered.
19/🧵
As the dust settled, the TechNova team realised that they needed a more resilient and secure way to build and maintain their audience—one that wouldn't be subject to the whims of a single corporate entity.
20/🧵
That's when they discovered the concept of Web3— Basing your social account on a decentralised, censorship-resistant network that would empower them to truly own their accounts and data.
21/🧵
In the world of #Web3, users are in control of their online identities and content.
22/🧵
The architecture is built on blockchain technology, where data is distributed across a network of nodes, making it highly resistant to censorship and single points of failure.
23/🧵
As long as you hold the keys to your account and the network remains decentralised, you will always have access to your audience.
24/🧵
No longer bound to the terms and conditions of a centralised entity, businesses on Web3 have the freedom to express their ideas and engage with their audience without fear of sudden bans or restrictions.
25/🧵
TechNova saw the advantage of a battle-tested, censorship-resistant network to house their Web3 account and rebuild their audience.
26/🧵
After careful research, they decided that $HIVE was the perfect fit for their needs.
$HIVE had a thriving network of front-ends and the community required to build their own when the time was right.
27/🧵
Moving their social activity to their Hive account, TechNova experienced a breath of fresh air.
28/🧵
Their interactions were no longer limited by a centralised authority and they could start to focus on sending the type of message they wanted to send to their followers without fear of recourse by the platform itself.
29/🧵
Hive's unique consensus mechanism ensured that the data remained immutable, secure and tamper-proof, providing an unparalleled level of trust in the network housing their Web3 Hive account.
30/🧵
As TechNova embraced the benefits of Web3 on Hive, their audience flourished once again.
31/🧵
Customers who had followed them through the hardships appreciated the move to a platform that valued both creativity and accountability.
32/🧵
Thanks to Hive's reward system, the more value their audience provided to the community, the more they were rewarded.
33/🧵
Creating a harmonious and symbiotic relationship between the business and its audience.
34/🧵
In time, TechNova became a business pioneer in the transition to Web3, advocating for decentralised networks and showing other businesses the path to true ownership of their online presence.
35/🧵
The risk they had faced on Twitter had transformed into an opportunity—an opportunity to lead by example and champion the benefits of Web3.
36/🧵
In this tale of trials and tribulations, TechNova learned a crucial lesson.
37/🧵
That the landscape of the digital world is ever-changing and businesses must adapt to protect themselves and their audience.
38/🧵