BitCharities Allows Social Media to Make a Difference
BitLanders is a social media platform that provides the “means and ends” to users engaging in incentive-based community content. Founder Francesco Rulli started the business formally known as Film Annex in 2006, and converted its sharing model to incorporate Bitcoin. The social media site rewards its users with the cryptocurrency based on content....
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We at NewsBTC are always looking for opportunities to introduce who's who involved in the field of digital currency. One such personality whom we had the privilege to ask few questions is Francesco Rulli. Francesco is an Italian businessman, philanthropist and a black belt Judo practitioner. He is also the founder of bitLanders, bitCharities, Film Annex, Afghan Citadel and Mrs Mudd (a fashion and design consulting firm). Read further to know more about Francesco, his thoughts about bitcoin and his continued efforts to change the world. NewsBTC: Can you tell us a bit more about bitLanders....
The creators of bitLanders added bitCharities to their content hosting platform in January. The core aim of the new sub-platform, as CEO Francesco Rulli explained, was not just to propagate the use of their official mode of payment - the digital currency Bitcoin - but also to motivate people to make regular donations, even if they are small. Prior to launching bitCharities, bitLanders's core focus was to help users in earning Bitcoin rewards while creating and sharing contents. The earned money could therefore be exchanged within curated shopping sections - bitGoodies and bitFashionista.....
There’s a growing realization that social media has become a destructive influence. But can blockchain social media platforms really make a difference? Big tech isn’t just big anymore. It’s grown into a ravenous Cthulhu-esque beast with its tentacles wrapped around almost every data point in our lives.But in the light of a House Judiciary report determining that “Facebooks monopoly power is firmly entrenched and unlikely to be eroded by competitive pressure from new entrants or existing firms,” can blockchain-based social media topple these social media powerhouses, given the unchecked....
I. The flaws of centralized social media platforms & the problems can be solved by their decentralized counterparts Today we use social media applications such as WeChat, Discord, Twitter, and Facebook to transcend spatial/temporal limits and communicate with others, thereby minimizing the time needed for communication or social interaction. However, such centralized social media platforms […]
Synereo's first and most well-known decentralized application is their Social Media Layer, a decentralized social media platform. This could have revolutionary applications in mainland China, where social media is heavily controlled by the government, and the Chinese cryptocurrency community has responded positively with multiple partnerships and events. The cryptocurrency industry has long thrived in mainland China due to a combination of factors. Low costs make it dominant in the mining scene, and crypto’s a great haven from the falling yuan, but even more interesting are the potential....