Topic: Is Blockchain-based social media worth it? - page 5. (Read 846 times)

Agree. Some things are not designed to be truly decentralized after all. A good example of this is the Internet. We cannot decentralized the web, by storing all the world's data in a Blockchain ledger. The decentralized nature of Blockchain, makes it impossible to scale towards millions of users worldwide. Either you scale indefinitely while sacrificing decentralization, or all the other way around it. The Internet needs massive scalability in order to function as intended. Which is why, the idea of implementing a social network within a Blockchain seems to be like a bad one in my opinion.

The immutability of the Blockchain ledger, will prevent transactions from being reverted at will. Imagine if someone posts something illegal or offensive, without the ability to erase it from existence. This will turn into a disaster for the underlying Blockchain ledger, turning into its demise within the long term. The attempts of Steem and Voice to revolutionize social media, might turn to become a failure in the future. It's yet to be proven whenever Blockchain could fulfill many of the tasks performed in daily life. As far as I know, there are some areas which Blockchain works flawlessly (like Finance and Smart Contracts), while in others, it's terrible (like social media, and even, Bitcoin SV's metanet).

Nonetheless, Blockchain-based social media such as Steem, AKASHA, and Voice have some interesting proposals to take the world by storm. However, it's unlikely they'll reach the same level of adoption as traditional services (like Facebook and Twitter) because they're more of the same. Innovation is key, in order to attract users into Blockchain-based social media platforms. Just my thoughts

Blockchain based social platforms are still new and getting people attention. Facebook has been around for a while. When people get to know they will be rewarded for just commenting or posting on social media, they will switch allegiance to money based platform. It's yet to gain a big popularity. 

Last year i see how many social media platform failed to start good project.
I dont know technical reasons but i see how projects die with dumping price on exchanges.
Maybe our blockchains even young and slow for this type usabilities.

social media is fast growing and fast developing project so blockchain integrated may work in highly developed project with new innovation and futuristic development

I also do not see the benefits of such social networks. Any user will choose the social network with the most users and the most activity. Remove monetization from social networks on the blockchain, then who will stay there?

Although decentralization looks attractive in this case, blockchain is not necessary for this. Especially considering that all data is saved and cannot be deleted.

The blockchain is convenient for storing data on transfers, voting and storing various kinds of documents.

But it cannot be used for social networks since your information will remain in it forever and it will not be possible to change it.

If you want to get anonymity in the future, it will be impossible, since your data is already in the blockchain.

I don't know the truth, but it depends on the function of the blockchain-based on social media itself. So far, blockchain has been used for recording the transaction, and maybe blockchain can record the database of the user in the social media. But that is out of my expectation because I don't know much about blockchain itself. But I think we don't need a blockchain-based on social media because we want to communicate with other people and talk to them or we want to meet new people from all countries. So maybe that blockchain can be applied when the user wants to make a transaction with the website or with the members.

Answer the blockchain from this topic, narrow latitude:
The problem solved by blockchain technology is the way data is stored, which is to increase efficiency while sacrificing efficiency.
Spears and shields cannot be owned at the same time.
Therefore, in terms of the needs of social media, solving the effective delivery of information is a top priority, but in some areas involving data security, blockchain technology may be used to solve it.

I agree with people here that social media based on blockchain would be good especially to help put out premier content. I think people forget that the crypto space wouldn't have been successful wihtout social media for the most part

Any social media platform that wants to come up now needs to bring in fresh ideas that other existing platforms do not already have. That is the only way they can make any meaningful impact in the social media space. Just bringing in the concept of blockchain-based decentralization,  incentives and other mumbo jumbo in the whitepapers won't make any impact on the big competitors out there.

I think its a bit boring because social media requires a bit of people you know and talk and in crypto its mostly about crypto related stuff so its getting limited by two. In places like lets say instagram people share photos and strangers can see it but they have friends that see it, like it and comment on it, plus it can be picture of a cat or picture on vacation or a motivational quote, doesn't really have a limit.

In places like steem or whatever its usually you writing stuff about crypto that gets attention from strangers and that is it. If it can move beyond that limitation than it can have a bit more attention. For example a place like instagram and twitter combined (where you can share pictures and write short stuff) that can be gifted a crypto currency can get widespread attention if marketed well because that is literally what instagram influencers are doing, using social media to make money.

This reminds me of a project called Investfeed. It is like twitter but most posts I saw there were crypto related. They also have a tipping feature. They created some buzz in 2017 but I haven't heard of them for a while now.

I think it is worth it. There will come a time where users will no longer be satisfied with their content being used by social media platforms for free. They'll want to be monetized.

Blockchain based means once its on the chain, nobody can remove it which is a bad idea. Once 4chan freaks decide to abuse that platform there won't be going back. It will never work.

Forums, social media... these stuff needs to be centralized.

Centralization is not always a bad thing.

I have seen a lot of blockchain based social media projects and platforms, reddit and Steemit appears to the most popular among them, there are several others that had come with such high hopes of providing something spectacular and different from what we have seen but haven't delivered yet

Well, the idea is still there in order to take the social media industry by storm. So far, neither platform based on the Blockchain has been able to overcome traditional services within the mainstream world because of they lack the adoption necessary to keep moving forward. Not to mention, some Blockchain-based social media platforms are relatively centralized (like Steem and Voice). If these Facebook contenders want to become a serious rival, they would need to improve their model/design in every way. By implementing a truly decentralized, yet efficient platform for social media content, they can present themselves as a better alternative than Facebook or even Twitter.

Right now, Voice will require users to verify their identities (KYC), while the Steem Blockchain is controlled in the hands of a few. If they stay this way, then they'll become worthless over time. Only a truly decentralized social media platform, with high performance and user-friendly features will be able to transform the social media industry for the better. Until that happens, the idea of a Blockchain-based social media platform will be just a dream.

Nonetheless, I believe that Blockchain-based social media has the potential of becoming something big in the future if people allow that to happen. The tech is still relatively new, so we'll have to wait a couple of years from now to see what happens with this space. Comparing various Blockchain-based social media platforms, I'd say that AKASHA is the most decentralized to date. Just my thoughts

my response is no

I think Ethereum has much greater potential than Bitcoin in terms of sheer utility and market capitalization. ETH Blockchain to me has overrun that of Bitcoin.
think ETH is here to stay. BTC will be around as well but it will likely face a schism in the coming year or so due to mounting scalability issues and ever growing philosophical divides in its community. ETH is more reliable.

for steem I think it's still feasible, but for others I find it hard to accept. even the reason why steem is worth it is only because users can get free coins every time they post. If the platform doesn't have this mechanism, I think Steem will also have a hard time finding users. anyway for what blockchain-based social media, if what is currently good. isn't that a futile development?

Yes , the social media blockchain like foresting, steem are Mich worth and giving reward to every content and post with most high merit which signifying the best one out of all and are used to connect different people around the world with a best of encourage.

actually feasible and this is much safer. but unfortunately everyone is comfortable with the mainstream technology that exists today such as Facebook, Twitter or Instagram. so it's hard for blockchain-based social media to develop. especially crypto is still a taboo in some countries. so the blockchain social media platform is difficult to get active users.