The Internet Is Still Early: Exploring the Weird and Bizarre World of the Internet

The Internet Is Still Early: Exploring the Weird and Bizarre World of the Internet

The internet has become an integral part of our lives, but it is still vastly underrated and underutilized. Despite its global usage reaching only around 70%, the internet holds immense potential that we are yet to fully comprehend. It has transformed industries that were expected to decline, like books and bookstores, into thriving businesses. Moreover, artificial intelligence (AI) is the culmination of years of internet development.

As of 2022, only 64.4% of the world population had internet access, which means there is still room for growth and exploration. In countries like the United States, where the internet was invented, internet usage has plateaued at 93%. We are now at a stage where we can begin to understand the true implications of the internet. It won't be a utopia or a hell, but rather a society that has evolved with the internet.

One of the key factors driving these changes is the reduced distribution costs brought about by the internet. Just as the extensive rail network dramatically reduced distribution costs in the 19th century, the internet has made new industries and possibilities feasible. The internet has changed the materiality of anything it touches by digitizing information and altering its capabilities.

Reduced distribution costs also apply to the distribution of information. The internet has made the distribution of information free and infinite, which has transformed what is possible. Unlike previous technological paradigms like steam and electricity, the primary cost being reduced is not physical, but cognitive. This reduction in coordination costs has empowered organizations and increased their capabilities.

Amazon is a prime example of how the internet has reshaped a company. By updating their inventory in real-time, Amazon created an "everything store" that transcended the boundaries of online and in-person shopping. They also monetized their real-time inventory updates through targeted advertisements, which have now surpassed the revenue from Amazon Prime. The internet has transformed Amazon from a traditional company into a brand that exists online.

The internet's impact is not limited to commerce; it has also revolutionized education. While literature departments in universities are closing, books are thriving. This contrast highlights how the internet has changed the reasons why we read. In a world where all digital information, entertainment, education, and responsibilities are competing for our attention, the internet has made literature education content that competes for dopamine receptors.

Decentralization also plays a crucial role in the future of the internet. Centralized platforms have made it difficult for startups, creators, and other groups to grow their internet presence without the fear of changing rules and loss of audience and profits. Cryptonetworks, built on top of the internet, offer a solution by aligning network participants toward a common goal and ensuring neutrality as they grow. This prevents the extractive practices of centralized platforms and gives participants more control over their data and privacy.

However, cryptonetworks still face limitations, particularly in terms of performance and scalability. Overcoming these limitations will be crucial for their success in challenging centralized incumbents. Just as Wikipedia surpassed its centralized competitors like Encarta due to its active community of contributors, decentralized systems have the potential for exponential growth as they attract more participants.

The rivalry between centralized and decentralized systems in the next era of the internet boils down to who can build the most compelling products and attract high-quality developers and entrepreneurs. Decentralized platforms offer a better way to build internet services, providing a level playing field for developers, creators, and businesses.

In conclusion, the internet is still in its early stages, and its potential is far greater than what we have witnessed so far. It has transformed industries, changed the way we consume information, and offers opportunities for decentralized platforms to challenge centralized incumbents. To fully embrace the potential of the internet, we need to understand the weird and bizarre nature of its evolution and the importance of decentralization.

Actionable Advice:

1. Embrace the power of the internet: Explore the possibilities and potential of the internet beyond what is currently known. Don't underestimate its ability to transform industries and reshape society.
2. Support decentralized platforms: Look for platforms that prioritize decentralization and offer a level playing field for developers, creators, and businesses. By supporting these platforms, you contribute to a more open and fair internet ecosystem.
3. Stay informed and adapt: The internet is constantly evolving, and it's crucial to stay informed about the latest developments. Be open to adapting to new technologies and platforms that emerge, as they may offer unique opportunities for growth and success.