alt Hacker NewsI yearn for the days of yore when a few of us would co-lo some boxes at a small local ISP we were friendly with, where we'd get to take advantage of their always-on and (at the time) blazing-fast T1 connectivity. It was low-cost for everyone, and we'd host our own services for whatever was useful to us and our friend groups.
On the other hand: It was kind of awful when even my dialup access would get screwed up because someone's IRC server got DDoS'd -- again -- and clogged up the pipes.
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These days, the local ISPs are mostly gone. But the pipes are bigger -- it's easy for many of us to get gigabit+ connections at home. Unfortunately, the botnets are also bigger.
How do we get back to what we had?
Compete with facebook in an area you can actually win. Don't try to be all of a mobile messenger, news feed, telephony platform, marketplace, forum, async messaging... just do one of those things well for a group of users (potentially around a focus.)
Piggy back off of an existing community that has already built trust -- for instance, build a forum for a local activity that often attracts 10+ years of participation and involves equipment. Your board will become the best place for users (who already trust one another) to swap used gear, discuss local venue closures, etc. Adopt moderation metrics that sustain your community (don't let bullies and spammers spoil everyone's experience.)
In 10 years, you can completely replace larger platforms as the community of choice.