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its like you guys adopt, analyze, and move on, with technologies the rest of the world has no idea about
out in the cold
A truly Web 2.0 Twitter would be interoperable with a variety of other services, including locally-based versions. That interoperability would see "Twitter" (the service) as one of many services, all capable of talking to each other, based around a net topology rather than the kind of spoke-and-hub system it currently uses.
In other words, truly Web 2.0 - or is this Web 3.0? - services would never totally go down just because a single server dies, just as the net itself doesn't go down if a single router dies.
"And nobody has found a way to beat Google at monetizing the value of the open web."
And why does every service need monetizing? The only reason that you need lots of money to run a service is if you base it on having a single, central database owned by you - because then, you have to pay for that database, and it's bandwidth, and so on. There are many other ways to distribute information in a way that's decentralised and that reduces costs to a minimum - like P2P.
Decentralization is one thing. Having a back-up plan to keep you going through a critical failure is another. They are separate issues that, IMHO, shouldn't be confused.
Twitter's lightweight interface, companion apps, and ability to tie multiple feeds together fairly seamlessly are strong selling points. However, it's the community and the appearance of greater and easier access to people who you couldn't normally talk to (in real time, that is) which are the real value.
On the surface, Orkut seems a lot like Facebook, without 99.5% of your friends, colleagues, or any other users, for that matter. (I'm generalizing, but I don't think I'm far off the mark) That's what differentiates Facebook from other like services. A massive community of communities built up around it. Twitter caught the attention of existing communities and hit/is hitting critical mass before the others, even though they have some superior functionality.