I responded originally to some of this here…
Will continue the thread here, as its a meaty one.
I think the opposite - this is exactly on topic once we start with the following assumption:
When you begin here, and stop trying to introduce unnessary tokens and blockchains and move towards vertical integration of an open-source operating system and hardware ecosystem, dependent on actual revenue models we will make progress.
Decentralised social networking has been solved. Just not with tokens and blockchains.
Sadly, when you begin with this core insight, the vast majority of the current ecosystem is effectively redundant - tokens as products, attempting to reverse their way into products and services.
Sadly people aren’t economically incentivised to face up to that fact, because, guess what, they want NUMBER GO UP! This leads us inexorably into a weird dream state - a beautiful delusion, where large groups of people - founders, investors and contributors aka ‘communities’ convince themselves that they need a token, when they almost certainly don’t.
I have nothing against the core desire for people wanting to better their situations, but the crypto-industry is for the largest part a giant fraud, a multi-level marketing scheme, committed against a naive new investment class - that uses the tools of the attention economy to market ‘Web3’.
People continue to create a better Web using the broken incentives of the attention economy to bootstrap their products and services tokens. This is not possible.
Crypto-currencies such as Bitcoin, Ethereum and Polkadot were created by visionaries who hoped to offer an escape from the crushing gravity of central banks, Wall Street and tech monopolies respectively.
Whilst each engineered solutions that advanced the capabilities of software to establish and transact value in peer to peer networks, their adoption and subsequent narratives were each co-opted and then dictated by a media ecosystem whose core incentives steadily usurped the revolutionary ideals of the founders.