Topic: Is Blockchain-based social media worth it? - page 2. (Read 825 times)

If you mean a new startup using blockchain-based social media then I dont think it is worth it, there's so many projects out there developing the same purpose. But if facebook, instagram, twitter or reddit will create its own blockchain then this will be good. They have funds for the development, for sure they will make it happen unlike some startups who wants raise more funds.

Social media maybe something that already have it's king. I mean, not means social media aspect is not good. But there are already a lot of big social media that come and for new one, usually need something new. We can see some new site not really famous if compared with those already exist. Maybe blockchain wallet, like integrated with Visa or maybe something like Monaco, or other project that claimed connected to Visa is something worth to try again.

Blockchain-based social media will certainly be handy for its users, of course with Blockchain social media features users can send payments and smart contracts to friends from the chat room, use the default message encryption service, use peer-to-peer protocols that don't rely on servers centralized, of course for those of us who likes to share, and write content on social media will certainly be very beneficial because that way we as content creators will be paid for the content, we produce on the social media platform, of course, with the Blockchain technology used in the social media system it certainly can authenticate content ownership from the threat of piracy

Social networks built on blockchain requires different approach, data security is the main issues why start-ups are pushing decentralised social networks. Blockchain opens new opportunities for new breed of social networks that offers mutual benefit between users and the company.

developer helps user with altcoin field of business works as appealing customs with reference on notables with the server of blockchain as might with the extensive work of evaluation to run of tasks with evaluation as following expends with release on supports of assessment.

Giving a straight and direct answer might not be best for this question. It depends really on the project type, just like every other project, people want to see how promising it is before they can venture into it. The good side is that most block chain based social media is that it will already have all the popularity and promotion that it needs.

Yeah, absolutely. I'm also looking forward to a privacy-focused social media chat app that offers real anonymity. Although projects like Statista, Telegram are secure, I have serious doubts about privacy. As the Blockchain community,we need to handle the messaging. After that, I think we can focus on other social media platforms.

However, projects such as Contentos and Voice will have their say as powerful blockchain-based platforms in the future.

That's certainly true, mate. There are many reasons why Blockchain-based social media platforms are ten times better than traditional solutions. Censorship-resistance, and flexibility of user's data, are among the key features of Blockchain-based solutions. The real problem is that traditional platforms like Facebook and Twitter have many users into them. They also have a lot of money to support their operations. That's something that Blockchain-based social media platforms lack, leaving them behind the previously mentioned giants within the mainstream world.

As such, Blockchain-based alternatives may never be able to compete with traditional social media platforms as we know them. Both sides will head their separate ways over time, competing against platforms that are within their own classification (Blockchain-based/decentralized or centralized). So far, Steem is the leader of the Blockchain-based social media industry while Facebook is the leader of the traditional social media industry within the mainstream world. Of course, they have their respective advantages/disadvantages. But I believe that they'll never be able to overcome each other in the future.

Nonetheless, Blockchain-based social media platforms like Steem and Voice are truly promising. They might be the future of the social media industry, as giants like Facebook and Twitter adopt Blockchain technology for their own benefit. But platforms themselves will have their own share of the market, with people preferring one from another. Only time will tell us the fate of social media as we know it. Just my opinion

Social media Blockchain based platform will be popular soon as people were already hooked in social media sharing ideas, doing business and for some new. It will be better if thru blockchain as it will secured our data,identities and non-prone in hacking. Though there are already existing companies that are open to the idea of associating crypto in their applications, it would be nice to start to a new unknown project or collaboration of the existing social media apps to really assure the platform as decentralised.

Maybe with blockchain, the social media that we use will be safer from data theft. Blockchain technology is a safe technology and I think it can be used for any purpose so I think it would not hurt if there is a blockchain-based social media project

It is totally worth it to have a social media that is blockchain based because it will attract a lot of people to use it since they could potentially earn some cryptocurrency by just using that social media and they can also decide on what type of data or information they will share to that blockchain social media. I mean, it is a very huge potential type of thing to use a social media like facebook, instagram that is blockchain based where you can earn at least a beer money.

I often see Social media being used to promote Blockchain technology that is one of Facebook's, but most of the links they post to Facebook are false, almost all of them are scammers and phishing sites links are often posted , so to me it's not a good way to use Blockchain technology, though let's just say that it works.
so it's still good to use decentralized platforms.

I am actually a person who strongly supports the development of blockchain technology because it does provide benefits for many people because transparency and speed do not cost as much as is happening today in many existing systems that can be trimmed by the blockchain.

The "non-blockchain" ones lack transparency, real anonymity, immutablity, decentralization, real incentives, resistant to censorship etc...
If those are not good value I wonder what they are. Besides, I think the Blockchain social media will do better competing among themselves rather than competing with centralized social media. It won't be easy competing with large established social media.

Libra from facebook would remove any hope for those Blockchain-based social media to replace traditional social media, by this move we already know how giant companies will reach once Blockchain-based projects start to become real competitor for them, they will easily adopt the technology and implement it in this platforms and with all money they have, they can keep people on their website. So for me I don't any of those Blockchain-based social media taking over the market.

Of course, it is a unique niche and very potential. Social media is widely used to show existence, modern people like it very much. When combined with cryptocurrency, especially with techniques and strategies that provide many benefits to its users, I think more people will be open to accepting cryptocurrency.

They will be worth it in the future as adoption gains momentum. Most blockchain based social media can't be judged as cryptocurrency and blockchain remains in its early stage. The vision and mission is clear and it will only take a bit more time to materialise

Blockchain-based social media platforms could become a success if people in the mainstream world adopt them. So far, traditional social media platforms like Facebook and Twitter are still in the lead because of their ease-of-use (not to mention that most people trust them these days). In order for Blockchain-based alternatives to gather a lot of people into them, they would need to focus on user-experience, and most of all, marketing/promotion. There's no other way around it. Once that happens, then Steem and other platforms could become highly successful within the mainstream world. However, since Blockchain technology still has its limitations (mostly in the area of scalability), it may take a long time before Blockchain-based social media platforms could become a big hit worldwide.

One thing for sure, is that Facebook has started adopting Blockchain technology by devising a digital currency of its own. If it manages to transition its social network platform into the Blockchain realm, then no other competitor might be able to stand on its way. It's all a matter of which platform comes first into adopting Blockchain technology for their own benefit. With the huge number of users Facebook and Twitter have, their adoption of Blockchain technology might result in the death of alternatives like Steem and Voice. But time will tell us, what will be the fate of Blockchain's integration within social media as we know it. Just my opinion

Well with steemit you will still be required to sign up and fill in some of your datas it's basically the same as using facebook and Twitter if that's the case. I just don't expect the implementation of blockchain to be really effective for blockchain-based social media. I actually prefer an Internet Relay Chat-like social media that looks suitable for decentralized social media platform.

I prefer a decentralized platform based on blockchain instead of companies that have central data repositories such as Facebook and Twitter and sell these repositories to people whenever they want.
I fully believe that Blockchain has a 10-year history and can do much better over time. Before that, the spark that starts with Steemit can turn into a flame with Voice. I'm especially looking forward to what EOS will do with Voice.