How the Bitcoin model can solve the social media dilemma
Decentralized social media platform built on the Bitcoin model puts privacy first in its new messenger that can send crypto. Social media platforms are constantly under fire for their lack of total end-to-end encryption, existing privacy policies and censorship – but a blockchain-based solution might spell the end to an era of centralized social media dominance.In many ways, social media is a vital component of daily life for both businesses and the average consumer. Today, these platforms connect individuals with their desired type of content based on their own inputs. This streamlined....
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Travis Patron is the founder of Diginomics, a bitcoin news organization where professionals can enroll in the Bitcoin Economics Course. Here he explains why the stateless nature of bitcoin holds the potential to solve an age-old international monetary flaw. Although the United States Federal Reserve Note carries with it many advantages for conducting commerce and serving as a world reserve currency, its makeup is not void of imperfections. One of the main shortcomings of the US dollar is the Triffin dilemma, a problem which arises when countries must manage both short term domestic and....
“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.
Synereo is back in the spotlight with another crowdsale, which is being coupled with the release of the alpha model of their decentralized social media platform. The crowdsale has been much covered, and is really nothing new, but their social network and the technology behind it still appear to be widely misunderstood. This is the first of a two-article series designed to change that. Synereo has been around for a little while, and raised the equivalent of $126,000 in their initial AMP crowdsale last year. Since then, they’ve been relatively quiet, and I was surprised to hear they plan to....
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 […]
BitLanders, formerly known as the Film Annex, is a social media site that pays its users in Bitcoin. It first came to my attention earlier this year when I was planning to write a profile on Roya Mahboob and Fereshteh Forough, co-founders of the Women's Annex (At the time, it was still named the Film Annex). The Film Annex was started in 2006 by Italian entrepreneur Francesco Rulli with the aims of providing film makers a site to promote their work and help fund their projects with a shared advertising model. This model would soon inspire Mahboob and Forough in 2012 when they founded the....