Topic: How Blockchain Could Transform Social Media: Exploring Its development (Read 112 times)

I think that the one who will combine the blockchain concepts with a good, easy to understand interface and interesting way of getting something of it will prosper. Of course, there are many questions on how that may be executed, maybe there would be a way to have some tokens of the project for just staying on the platform and chatting with other people on the first stages of the project, or something along this thought. I am eager to see something like that in the future. Putting the transparency and privacy to the right balance is key.

in my opinion, the growth in social media activities is basically as a result of current internet activities or simply put - web2. Web2 activities aims at being interactive, collaborative, and to enhance information sharing. It gives each and every internet user the freedom to post their thoughts, views, philosophy, likes and dislikes.

Web2, however, has short comings that have posed some challenges in recent times. It facilitates posting of too much information with different ideas and thoughts. It also encourages posting of one’s sensitive data on the web, exposing ones privacy and making ones data vulnerable to be used without the owner’s permission. In order to solve these problems, the concept of web3 comes in - and this is where blockchain technology plays a role.

You can read more on web3 (https://en.wikipedia.org/wiki/Web3) as it has a lot to do in transforming our current social media by making use of blockchain technology. Web3 aims to improve security and privacy, decentralization and enable users have complete control over their data.

Isn't that what warpcast represent? Even though am yet to create and account cos I think it is absurd to request for payment for registration. The idea of having a decentralized social platform has crossed my mind a zillion times mainly because of the way platform like X(twitter) is heavily censored and bans account at will.

Yes, it will be a huge relief and a great achievement to have a blockchain based social platform that will take over all these centralized heavily censored social platform where people can't freely voice their opinion without being shadow ban or permanent ban.
I hope to see decentralized platforms like warpcast taking over in no time and attracting a high level of user base to the point all centralized social platforms will be forgotten.  

Yeah, there will always be bad guys apart from the good guys but I think it was also the fault of the platform owners because there might be bugs on their platform which can be a cause for the exploiters to take advantage of. Also if their security is still weak.

There is no need for an intermediary here because Blockchain is all about decentralization. As for having a moderator, I think that was only fine. The big deal is only if they will ask for our KYC, as that is one of the traits of being centralized already. To automate stuffs is also a good idea, just like what we see in a typical Blockchain/decentralized service. I think that is possible to implement in a social media or forum platform, as long as the devs are good enough.

I think there can be moderation without intermediaries in the financial sense. The Steem(it) project had some interesting mechanisms in place, even if the project in general was far from perfect and is now almost dead. There were basically two layers of moderation: one the voting system inside the blockchain app, and the other one were interventions by the frontend operators (in the case of Steem, the operator of the Steemit web frontend, but also mobile apps are possible of course) if they felt the voting system was being "gamed" by a malicious group.

An example: If we had a Nostr-based or blockchain-based social media network where operators can set up web frontends to make using it as easy as X or Facebook, then this frontend operator could restrict content if a shill army is voting up illegal/offensive or advertising/spam content. The base system would still be decentralized and uncensored, but there would be thus ways to deal with these problems.

Of course centralized SocialFi projects can be seen as intermediaries too. If you have a 50% premine, then it's approximately the same than every interaction (be it Tap to earn, post to earn like in Steem(it), ad systems or whatever) being charged with a 50% fee benefitting the founders.

---

I'm of course aware that many of the threads of this style are created with a commercial goal. But an early "intervention" could in theory lead to interesting discussions. (Of course, if a shill army already has hijacked the thread then it's better to not bother and let the thread die).

You pointed a good site, however @OP is a paid shill from Bitget and @Iamcrypticguy might likely his alt account since he didn't read what @OP wrote, both of them promoting the same centralized project that has no zero privacy at all.

---

There's always someone who try to find the loophole even the community already set up the general consensus. Having a social media without one intermediary could cause a disaster, even theymos really want to make the forum as decentralized as possible, but this forum we have few moderators who ban and delete users post. That's a good thing because there are a lot shitpost need to be deleted.

Social media platforms have so much control over our content. Youtube earns from our content. X and Tiktok restricts content they do not think is appropriate for the platform even if it usually subjective. A decentralized platform may allow for more freedom. However of course the community needs to arrive to a general consensus about what type of content would be appropriate and acceptable to be in the platform without one intermediary to control the entire platform.

Socialfi, tap to earn like Blum seems to be the new meta. an ability to earn airdrop playing simple games or performing easy tasks can't be over emphasized I guess that' has robbed off the communities cos i noticed this. Blum community BGB rewards another Blum rewards.

I generally like what's happening in the Nostr sphere.

While Nostr is not a blockchain project itself, it is decentralized and uses a similar type of cryptography as Bitcoin to handle accounts and data. It was originally mainly used for microblogging but supports a lot of other social media use cases like decentralized marketplaces, so you can use it for all kinds of social interaction, including social trading.

It provides exactly what you write here:


Value4Value is a project to combine Nostr with blockchain-based micropayments, for example via Lightning Network. A lot of podcasters and other content creators have begun to create an economy based on Nostr with the tools provided by this project, which of course is open source and free.

About on-chain social media and SocialFi projects I'm more skeptical. I have used occasionally Steem(it) in 2016/17 which was one of the first of those projects. But many projects suffer from centralization and scaling problems.

Hey good people of bitcointalk

What are you guys up to lately? As for me ive been thinking a lot about the intersection of social media and blockchain lately. It's fascinating how these two worlds are colliding

The other day, I was scrolling through my regular social media feed, and it hit me, we're putting so much of ourselves out there, but we don't really own any of it. Our data, our content, our connections, they're all controlled by these big tech companies.

It got me wondering: what if we could apply the principles of blockchain to social networking? Imagine a platform where you truly own your data, where your privacy is protected by default, and where you have control over how your information is used.

I've been hearing whispers about projects working on this concept of "SocialFi" Blum for example.  I went to its fork and i really like what i am seeing. The potential to earn rewards for your content or interactions, without a middleman taking a huge cut.

Of course, it's not without challenges. How do you balance privacy with transparency? How do you tackle issues like content moderation in a decentralized system?

But isn't that what drew many of us to Bitcoin in the first place? The challenge of solving complex problems with decentralized solutions?

There's always something exciting happening in this space. Keep ryour eyes peeled. You never know where the next big idea might come from.

Anyway, I’ve said a lot, what do y’all think? Any interesting projects or concepts you've come across?