Decentralized social was a mistake

The author argues that decentralized social was a mistake because social media is already fairly decentralized and the Web3 social effort has not solved a problem that crypto was needed for. The post names Mastodon, TRUTH Social and Nostr as real decentralized social projects, and says that X under Musk is now fairly open to contrarian opinions. It describes three possible Web3 social models: financialized social, exemplified by Friend.tech, which the post says does not scale past 1000 users; composable social, which it says is limited by adoption; and extendable social, which it presents as the preferred direction, built as an API-first protocol.