What Bitcoin Can Learn from Social Media's Success
Facebook, MySpace and Twitter took the web by storm in the 2000s, enabling a wave of communication never before possible on the Internet. The appeal of social media didn't transition from tech-savvy high schoolers to the mass market overnight, however. It took time for the industry to build the necessary infrastructure to properly scale for mainstream use. Because of its status as new and disruptive technology, there are some who see the parallels between the social media industry and the bitcoin industry. Sean Percival, who was involved in the early stages of social media as the vice....
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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 […]
Billionaire and real estate mogul, Frank McCourt has recently been working on a new blockchain venture titled Project Liberty. It’s ambitious goal, to bring together the power of the blockchain and merge it into a social media protocol. With a social media database like this, he believes no social media platform would be able to […]
As a startup founder using social media, I'm always thinking of new ways to engage my fans. I'm also a bitcoin enthusiast, so I thought: "what better way to combine both of these passions than having a social media bitcoin giveaway on Twitter?" However, this experiment wasn't only about social media engagement, as it proved that bitcoin enthusiasts and non-users both see value in the currency. The engagement I saw in these experiments is important for several reasons. Namely, for bitcoin to achieve longterm success, "normal" people outside of enthusiasts like myself need to see value in....
Social media is a new type of technology that revolutionizes our everyday lives. Whether we want to stay in touch with friends or families, read the latest news, or simply share what we love and do with the world, social media is there to help. And even though there are some privacy concerns regarding social media, most people still use this centralized type of service for lots of reasons. Also read: Twitter Wants Your Date of Birth For Targeted Ads, Time For Decentralized Social Networks? Regardless of how you view social media, there is no denying that consumers have willingly given up a....
“With current social networks, you are not the client. You are the product being sold.” Synereo opened their official announcement with the above messaging, a bold statement about the current state of social media. Built to be decentralized, Synereo wants to change social networking for the better, rewarding their user base along the way. Synereo approaches ads on social media quite differently than others currently in the market. Instead of adhering to the traditional model of unsolicited advertisements, Synereo believes user attention is worth paying for.