Bitcoin Social Network DATT Reaches Proof-of-Concept Stage
A decentralized social network founded by Reddit’s former cryptocurrency engineer has moved forward to the proof-of-concept stage. Launched in August 2015, DATT (Decentralize All The Things) is the product of Ryan X Charles, a veteran of bitcoin startup BitPay, as well as Reddit’s short-lived cryptocurrency program. Now, as a continuation of his efforts, Charles is seeking to launch DATT, which he says is about six months away from completion. The product received widespread attention from major publications such as Wired, Fortune and the Business Insider at a time when public furor over....
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The idea of a social media platform with Bitcoin-powered financial incentives has become rather popular ever since former Reddit Cryptocurrency Engineer Ryan X. Charles wrote about how Bitcoin could be used to solve some of Reddit’s core issues earlier this year. Although many believed that this new social media application would be nothing more than a copy of Reddit with a few Bitcoin-centric features added to it, Charles recently told an audience at an SF Bitcoin Meetup that the final product could look quite different from the “Frontpage of the Internet.” Instead of an alternative to....