Topic: Steem vs Synereo, which one will lead the decentralized social media revolution? - page 5. (Read 7043 times)

It is hard to say. But steem has a product out and synereo it is still in development. But steem has first mover advantage. Let's see if synereo can come after it.

Legacy social networks convert users into "social networking workers" without offering any compensation at all.

It is not much of a stretch to think that people can be incentivized to do so.

Business model: convert investors into social networking workers.

Doesn't seem viable to me.

Your (and Erlich Bachman's) conclusion that Steem is a bad investment is based on a generalization that shareholders will be debased.

While it is true that if you simply invest in Steem and do not participate in the ecosystem that you will be debased, your conclusion does not consider that Steem investors can participate in the ecosystem and negate that debasement.

Investors can earn rewards for content creation, content curation, and by providing liquidity in the Steem Dollar market.

Furthermore, since Steem dollars earn interest, if you didn't want to do any work, then you could simply buy up some Steem dollars and earn more interest than any legacy banking savings account or CD.

Even if someone were to invest in simply SP and not participate in the ecosystem, it is possible that the social network grows exponentially and it ends up being a good investment anyways. In fact, IMO, recent trends indicate that is more likely than simply possible: https://steemle.com/charts.php

In conclusion, your blanket assessment that Steem is a poor investment is faulty, because it depends on how you plan to invest (Steem, SD,or SP) and how much work you are willing to put in to earn rewards from participating in the ecosystem.

I think the question is impossible to answer because nothing that is out there now, even in terms of comprehensible plans that are vaporware, has a feature set or model that could become very popular. Well at least as far as I can see thus far (but I am not omniscient).

I did some initial analysis of Steem (read the entire thread).

Synereo reality check (read the linked threads):

https://bitcointalksearch.org/topic/m.14420001
https://bitcointalksearch.org/topic/m.13713923
https://bitcointalksearch.org/topic/m.13868758

How is this even a question?  One is vaporware (Synereo) and the other actually exists as advertised and is working (Steem).

Say what you will about Dan (and company,) but he is a smart guy and can spit out code like no other. Many other "promising" projects seem to be perpetual vaporware or exist but are mostly useless. Steem exists and functions as advertised in the whitepaper. Dan has written many smart contracts that actually work from Bitshares to Steem, with no "hacks" like Ethereum. He has a proven development track record.

Steem is now developing a decentralized market and private messaging to go along with its social media platform. I think this is one coin that could attract the masses.

I will revisit the question if/when Synereo releases something, but until then the answer is clear. Anyone that says otherwise is blinded by special interest (for the record I only own about $3 in SP/SD I earned from participating on Steemit.) As soon as I have some extra cash I will be purchasing some SP.

Niels Bohr (1885 - 1962)

Framing it this way, I'll say that Steem is not "crazy enough", meaning they do not change enough of the status quo to make a meaningful difference. (this does not mean they cannot have marginal success vs. Reddit)

Synereo as a technology is indeed "crazy enough".  The social App that sits on top of it incorporates fundamental changes in the current business models, content control & distribution, identity, reputation, and self-determination.

Someone above astutely asked about "decentralized": what does that mean to you?

When considering the answer to this question, you must know what the logical overlays are in the network topology.  All networks today have more than one layer, and this means (just like politics) that the true existence of of a definition can only be couched in terms like relativity.  There are no absolute terms here.  However, if all your layers are decentralized, then you can at least legitimately use this term.  For example, if there are 5 layers, and 3 are decentralized, is using that term to describe it ok?  Keep in mind that these words (de/central) are a duality, and the middle ground should be excluded; mix together black and white and you get neither.  This is not a perfect analogy here, but it makes the point: most people are using the term as a buzzword, without actually analyzing the validity or degree of accuracy.

All that said, the 2 platforms are so different as to make any comparisons very superficial, IMO.

https://www.youtube.com/watch?v=jyaLZHiJJnE

More seriously, nobody knows. It's a lot like BTC back in 2010-2011 when there was a lot of discussion about how it might be banned altogether, etc.

https://steemit.com will filter it but it's still be accessible at blockchain.

BRB going to share embarassing nudes of myself on Steem.  
  
Also, what happens when someone shares illegal things on one of these blockchains?

You may be right. That is one of my major concerns about the system, but the developers seem to think they have it under control with the ability to run nodes that don't store all the data, etc. I guess we will see.

To store such amount of data on blockchain is madness. Articles on blockchain? If you thought BTC and ETH blockchaines are big. Wait till you see Steems. For sure you will not have to wait long...

No, data can't be removed from the blockchain. It's a fantasy to think you can reliably remove data once you have shared it on the internet though. Someone else could always copy it.

That said, it is entirely possible to post links to content on Steem, rather than posting the content itself. Linking to embedded media on IPFS is already supported I think, or will be soon.

Could you remove your data from Steem? If its on the blockchain no way. Synereo on the other hand needs the blockchain for its Currency the AMP. Data is kept on a database on your PC/server. You own your data!

No one can censor your data on Steem (the blockchain). The Steemit web site is another matter, but there is already at least one other interface to the blockchain under development (not counting the cli that already exists).

Control over my data. No censorship.

What does that word mean to you?

The major difference is that Synereo is decentralized and Steem is centalized!

Okay if given a grant for it makes a lot more sense. Still might be a distraction from the core product, but maybe not. It is the perception I had watching some of the videos. Maybe an incorrect one, but if so that is partially a fault of the videos.


Fair point.


Premine has a specific meaning. I can tell you with 100% certainty it wasn't premined since I was right there mining along side them and I have no connection with them. Ninja/unfair/stealthy/etc. mining are more applicable. I agree that the "no premine" claim is shady and misleading even if literally true and shouldn't be there.

you're wrong. Greg is working on Casper because that's the blockchain that Synereo will ultimately use to be scalable and sustainable in the long run.
using the current ethereum blockchain will only be temporary for proof of concept.
the synereo team was given a grant to develop Casper which will benefit both Synereo and ethereum.
I've not looked at the Steem blockchain but if it's POW I know already it has no future.
Steem is going the reddit way while Synereo is more facebook/twitter like. so maybe there's space for both.
I must say I appreciate more the synereo team saying outright "we keeping most of the coins for development" rather than steem team claiming "no premine" only to discover 80% were basically cunningly premined by the dev.
apart from that good luck to both projects