They try to fool you into believing that they are decentralized. To do so they use the popular word “decentralized”. In fact SS is primarily CENTRALIZED. They claim that they are decentralized because they offer reward token. Tokens are not to confuse with a decentralized Social Network. Sorry. I mean all content posted to SS is centralized, and fully control by ONE for-profit corporation. In other words, SS are misleading and deceiving you. This shows they have a weak ethic. When most users figure this out the value of their token will crash and users will leave.
https://www.minds.com/register;referrer=FrancewhoaI feel like you are fundamentally misunderstanding what stage of development the company is in, and even what the purpose of an ICO is.
Sphere is not yet decentralized. We are not trying to fool anyone about that. We don't "claim we are decentralized because we offer a reward token"- that doesn't even make any sense.
We have a plan to put our social network- which is only in beta right now, so people can try it out and get used to the interface- on the blockchain and
make it decentralized. To do that, we need money. To raise the money, we have created the Social Activity Token (SAT), a new form of digital currency designed to be used within Sphere – to connect people online for advertising, finding, sharing, buying, selling, and trading products and services.
You write the words "for profit" as if they were some sort of crime. Maybe someday this world will be a socialist paradise where all our governments are handing out that sweet universal income. Alas, until that day we all still have to make a buck and feed our families, and Sphere Social wants to share the profit with our users. We will use the proceeds of the ICO to decentralize, improve, and add features to Sphere Social. Hopefully, SAT will increase in value due to the features we add, since they will include ways to use the token. This would benefit both the company and the token holders. Read our whitepaper- we will give users the choice of whether or not to sell their personal data and which parts to sell- and if they do sell it, they get a portion of any profit we make on it.
Open-source has its place, and it's certainly fun for those working on it, but there are benefits to not being open-source as well- namely fast, organized decision-making, and being able to pay the experts we need to make the code work, rather than just hoping someone will come along with the expertise needed.
Thanks for the explanation. I came across here and be happy to see such a honest answer
