I think social media can possibly be taken over by cryptocurrency/decentralized/blockchain technology. Think about it... Facebook has a market capitalization of 266.3 billion. What if a portion of their net profit was distributed to its users instead? Which service would you use... one that makes money off of you providing you nothing in return, or one that pays you to use its service? There are likely a few projects attempting to capitalize on this space. The only one off the top of my head I can name is Synereo and I am on the fence as to whether it is is a legit project or a P&D... I am waiting on the sidelines for now.
http://www.synereo.com/I will respond to the rest of your informative post later (as I need to go outside on this Sunday).
I think Synereo may be conceptually on the right track, in that ads should preferrably be content that users want to see. I can envision content providers being creative in how they advertise products within enjoyable content. The bottom line is the economics per my prior post in reply to TechorMarketing. There were one or two ads on Google that were so interesting to me, I wanted to save a copy of the video ad. Meaning the way to beat Google is by making the advertising more efficient, thus superior ROI for all participants (advertiser, content creator, and viewer). If the superior algorithms require decentralization and cutting out the middle man, then Google with all its technical prowess can do nothing to compete.
Spot on!
I only scanned a portion of their white paper. I believe they may have Sybil attack problems in their attention model (thus being gamed and not having the result intended), but I can't yet judge that with any certainty as I need to study it more carefully.
You've given me something very intellectually deep to chomp on, so thank you. I love conceptual paradigm shifts and I like to analyze models. I will need more time on this.
Looks to me as though they are serious. The devil is in the details on their technical model. They have a brainy looking CSO mathematician, so perhaps some of the model theory is originating from him.
The attention model is mine. We've designed it carefully against Sybil attacks. If you think you've identified an attack vector, do let us know -- I'll give you with an AMP bounty for it.
Feel free to join our Slack channel at slack.synereo.com and chat with us there directly.
So you must be younger guy Dor who I've viewed in the Hangout videos in the Synereo channel on YouTube?
It is common knowledge that Greg, Synereo's CSO, is leading the design of Casper, Ethereum's new proposed Proof of Stake blockchain:
https://blog.ethereum.org/2015/12/28/understanding-serenity-part-2-casper/He has spoken about the design principles of the technology underlying this effort, what would allow it to scale, in the recent Ethereum developer conference:
https://www.youtube.com/watch?v=uzahKc_ukfMSynereo is NOT building their technology on Ethereum. Rather, it is Ethereum who are using Greg's decades of expertise in the field, and Synereo technology, to build their own.
Ethereum has provided Synereo with developer grants for this purpose. Hopefully, collaboration will continue in other ways as well.
We also believe that our notion of a "smart contract", which we call a social contract, is more advanced, mature and scalable than anyone else's. People in the industry are starting to get a sense of this as well, including our friends at Ethereum.
http://blog.synereo.com/2015/03/06/social-contracts-pt-ii/A comprehensive post going into detail about all of these subjects are in the works.
Feel free to ask any other question about this here or on our slack channel at
slack.synereo.com.
And appears Greg is the greying long-haired mathematician in Seattle that I've view on the same videos.
I am doing an in depth study of your system and I am not yet ready to offer all my feedback because I am in the midst of analyzing it.
However I do want to start with a few observations.
First I want to thank you for providing those Hangout videos because I am gaining much information from listening to the feedbacks from the musicians. That has been very useful for my marketing research.
1. Greg
asks what can a decentralized Synereo do that centralized SoundCloud can't do, and Dor replies that the bandwidth (he said "distribution" but I assume he means download and streaming bandwidth) costs become free because they are provided by the users. Unfortunately this is incorrect. Decentralized filesystems will not work and are theft socialism (stealing from those who have to redistribute to those who didn't pay for it) models
as I explained yesterday. For context, make sure you understand how I explained to Bittorrent in 2008 that their optimistic choking algorithm was a theft socialism model.
2. I will expend some time studying Casper's design, but I already watched some videos of Ethereum presentations about the strategy for shards and proofs against cheating in the attempt to achieve decentralized scaling with verification of long-running scripts. And
I have explained why it will never work. I have an entire thread dedicated to discussing the finer issues with block chain consensus and the CAP theorem is fundamental. Essentially you can't use propagation as a consensus rule thus proofs against cheating will fail as methodology. You simply can't solve the Tragedy of the Commons verification problem without centralization. Period. You will eventually face come to this realization that your ideas are fundamentally flawed and can't be fixed.
3. An attention model based upon users approvals is probably going to suffer from the same phenomenon I observed when I asked why my gf was rapid clicking every Like on here timeline without even reading the posts. She said because they are my friends and will Like all my posts also. But I need to study your model in detail in the white paper before I can comment further on it.
That's me! You can see our pictures on
www.synereo.com.
1. This is an old video, and it was indeed a mistake on my part.
2. Well, we think we have a solution! Would you like to take a look at the post Greg is writing on the subject? We'd value your direct feedback on it.
This approach is different from the one Ethereum espoused before, and both Vitalik and Vlad are working with Greg to develop it now.
3. We have a mechanism taking into account a few parameters to make it so people who behave in exactly the way you describe have very little, if any, impact on this economy. Generally, we're looking for actions that have high entropy; if "B", your GF, is essentially a copy of "A", you, there's very little information there.
