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Topic: 💰 [BOUNTY] Deso blockchain Diamondapp.com Register now FREE Earn!🔥 - page 3. (Read 840 times)

jr. member
Activity: 43
Merit: 1
jr. member
Activity: 43
Merit: 1
The links below gives  referrals a bonus on sign up. Note that all bonuses are shown in USD but paid in the DESO equivalent at the time of sign up.
https://diamondapp.com?r=RAyT58rG
https://www.deso.org/

DeSo: The Decentralized Social Network
Introduction: The Value of Decentralizing Social Media
Today, social media is even more centralized than the financial industry was prior to the creation of Bitcoin. A handful of private companies effectively control public discourse, and earn monopoly profits off of content that they don't even create. Meanwhile, the creators who actually produce this content are underpaid, under-engaged, and under-monetized thanks to an outdated ads-driven business model. In addition to all of this, the ads-driven business model also forces social media companies to keep a walled garden around content created on their platforms, preventing external developers from innovating or building apps on top of it, and giving users and creators no choice but to continue using apps that solely they control.
These problems stem from the fact that the data and content created by users today is privately owned by a handful of companies, rather than publicly accessible as an open utility. Because only a handful of companies have access to the content, only these companies can curate competitive feeds, only these companies can build competitive new features and apps, and only these companies can monetize this content-- content that isn't even created by these companies in the first place. We're stuck in a loop: Users have to use these companies' apps because they have a monopoly on the content, and because of this, creators are forced into continuing to give their content up to them in order to get reach, in a vicious cycle that continues to empower these companies at the expense of creators and society as a whole. These companies have managed to create a global network effect around a private pool of content that they solely monopolize. Moreover, this centralization of content seems unavoidable: There's value in combining all of the content into a single pool, since it allows for curation at a global scale, but whoever we put in charge of maintaining the pool is ultimately going to become a centralized gatekeeper like what we have today. A solution would arise if we had a way to shift the network effect to a public pool of content that no individual entity controls-- but can it be done?
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