why facebook or twitter does not use blockchain now?

Spendulus

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Quote from: daarul50 on November 07, 2018, 07:26:42 AM

There are several platforms that are not suitable when using blockchain technology so that these platforms do not adopt technology to be used for their services because it poses a risk to that platform going forward. I am not surprised if Facebook and Twitter do not use or adopt this blockchain technology because they know that this technology is not suitable for use in their systems.

Blockchain creates an immutable history from the moment of its inception to to the present.

Facebook and Twitter specifically do not want this. For example, when they censor conservatives, the simple goal is to make them vanish. Not to allow permanent recording and retrieval of their ideas and observations, quite the opposite.

popcorn1

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But why would they use blockchain?..And this is my point about some people YOU don't use blockchain for EVERYTHING Roll Eyes

..

I think people have blockchain tourette's some people must wake up have some cornflakes and say cornflakes on the blockchain Cheesy

shoes on the blockchain socks on the blockchain..

I thinks many need to go away and know why you need a blockchain and why you don't.. See you all in 5 years with the answer..

Funny how many are spending 100k on consultants and the consult NOTHING in this space Cheesy

..

I could consult many many real dreams that could quite easy be so BUT i wait..

See as I said this is like a gold mine and the one thing about a gold mine IS? will you come up with some gold or will it be someone else OR as it all gone and all is left is
FOOLS GOLD Wink

..

I don't see the reason why facebook would use blockchain UNLESS Grin

but that's my ideas thanks..

Consultant cost 200k a year at least to consult WHAT Undecided

Considering this is only 10 years old and i been into this for 6 years what are they consulting on..

If i build a blockchain does that mean i can produce free money with the tokens
So can everyone do this?..So to all people make your own BLOCKCHAINS and say i am build shoes and those tokens will buy you shoes mine have flashing lights on them..

See i can make a blockchain for anything but nothing really ..

I doing an ICO for making a new paint that smells of strawberry so when you paint your house red it smells of strawberry when you walk past ..

ICO starts on monday <<
So many scams to get peoples money then tell polite lies to swindle you all.. Oh i cannot say no more even judges can be bought if an ICO makes 500 million ..

This space is a dream for all types of computer scammers to lie and cheat the way to peoples cash..

BLOCKCHAIN BLOCKCHAIN BLOCKCHAIN please do tell us WHY put matchsticks on the blockchain put anything on a blockchain because most of you don't even know why you need them and why you don't..

tightcoat490

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Blockchain's implications go against their primary motives and sources of income, which is people's data. Twitter and Facebook do not want people's data to be protected and secure. They make money from it.

Quote

Advertisers get access to sensitive consumer information through these social media platforms in order to create targeted ad campaigns. Consumers do not get paid for their information, since they agree — whether they know it or not — to give it away for free to platforms such as Facebook and Twitter.

https://bitcoinist.com/decentralized-social-media-safer-facebook/

This is why decentralized social networks are the future.

Kikeeping

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they are still looking for a good blockchain project to where investing them alot money. recruit some blockchain developer or pay it for knowledge. we don't know what they do it, but they are very interesting for it. i thing next year they announcement good news.

bitfocus

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no idea about twitter but there were a lot of news online about facebook developing a blockchain team. also, facebook authority just blocked ico related ads and lifted after a few months, as far I recall.

Hustinog

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It is for everybody's safety. Facebook and Twitter thinks that it might be a scam or transaction into illegal things. If the government proves that a scam and illegal transactions have been made through facebook or twitter, it might be the end of their credibility because their site's been used to do such crime.

eternalgloom

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When you say that Steemit is a success in social media, I would have to respond that it's really not compared to Facebook and Twitter.
I say that as an avid Steemit user btw, so I very much have a bias in favor of Steemit.

We just have to be realistic here, user retention on Steemit is just abysmal. I think they only retain like 5% of new members, maybe even less than that.
It currently can't even be compared to Facebook or Twitter, since it's completely different.

Steemit is more like Medium currently, you actually need to write full articles if you want to make any sort of income.

Why would these social media giants use blockchain when they're raking in massive amounts of profits as it stands now?

1993jochico

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Quote from: Trcream on November 06, 2018, 06:31:51 AM

Why facebook or twitter, reddit does not use blockchain technology, just like Steemit?

Steemit is like of a success in media, I think.

Steemit is one of the early adoptors because the founder believe in the power of crypto currency but Im not telling that FB, Twiiter etc. doesnt believe in it they are just waiting for the right time to introduce their own crypto currency they already build a huge community and they are just waiting for mass adoption on most of the people on social media.

Minhxx

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I do not know why they do not participate in the electronic market like steemit. In my opinion the founders want to protect their reputation as well as the facebook and twitter platforms they do not want to suffer from this market.

larrylegend33

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The facebook and the twitter have their own systems so why would they use the blockchain system? I believe tha they are watching the blockchain and cryptocurrency market closely and they would act if the right time comes. Also i am very curious that if they run a coin for themselves..

Trcream

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Quote from: bloodyvio on November 07, 2018, 07:47:25 PM

well that's because they already existed before the blockchain was born
and blockchain is still in the development phase, it is not wise for them to directly use the blockchain because the blockchain is still in the security audit phase

Yeah, that would be one point, blockchain is far mature now. it's risky to use for them.

Trcream

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Quote from: mk4 on November 06, 2018, 06:38:20 AM

Because, why would they in the first place? How would blockchain technology help Facebook and Twitter's platform exactly?

Remove your mindset of that every single thing should have it's own blockchain. Blockchain is very unnecessary in most platforms, hence why we see a lot of useless coins and tokens.

You are right that there are lots meaningless coins and tokens, they do not even solve real problem, and some existing products are much better than them.

But just wonder what blockchain will bring to facebook, twitter these social media.

The advantages and disadvantages, and how they evaluate.

Kemarit

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As far as I know, Facebook Has a New Director of Engineering for Blockchain. So probably, the company is gearing towards blockchain, but its all speculation for now. And then Twitter Is Thinking Over Blockchain Technology, CEO Jack Dorsey Tells Congress. Might be closer than we expected though, maybe in couple of years they will roll out something related to blockchain specially on improving their users data and privacy protection.

bloodyvio

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well that's because they already existed before the blockchain was born
and blockchain is still in the development phase, it is not wise for them to directly use the blockchain because the blockchain is still in the security audit phase

bitvalak

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Twitter and Facebook are popular media, they always make careful consideration before using technology such as blockchain. The need for people to use Facebook and Twitter is not because of money, it is different from steemit where people use it because they want to get some money from the votes and likes.

satosibtc1000

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If Facebook or Twitter will need to introduce the technology of the blockchain then they will do it. I believe their inaction means they don't need to implement it now.

conected

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Quote from: ?? on ??

Facebook and other social network are working successfully with the traditional system. They may be doing strong research on block chain and in near future they introduce blockchain technology to their social application.

- I also think that their work team is very active in the research and development of applications with blockchain technology, and they may have achieved certain results but they dare not apply to reality because exactly as you said, the old system is working very well, this huge change can affect the quality of the company and get the user's complaints. In addition, I feel that blockchain may not be suitable for these social networks, it is too new and still has many flaws, the features of this technology are only suitable for crypto projects, instead of social networks

daarul50

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There are several platforms that are not suitable when using blockchain technology so that these platforms do not adopt technology to be used for their services because it poses a risk to that platform going forward. I am not surprised if Facebook and Twitter do not use or adopt this blockchain technology because they know that this technology is not suitable for use in their systems.

suprex333

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This is what happens, many fraudulent sites have been included in both social media so that it is necessary to review each blockchain ad. With the aim of protecting users, so this policy is done, but if the blockchain site is able to convince this two social mesia, it can certainly advertise in that place.

Coroline

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Quote from: Trcream on November 06, 2018, 06:31:51 AM

Why facebook or twitter, reddit does not use blockchain technology, just like Steemit?

Steemit is like of a success in media, I think.

maybe they are still planning or thinking about it, lately we have heard news about Facebook using blockchain technology

avikz

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Twitter and facebook have invested billions in their existing security protocols. If they want to use blockchain as a backbone of their platform, that will need a drastic overhaul of their platform which would need another few billions of investment.

Also the stock pricing of facebook is not doing well since the case of Cambridge analytica surfaced. They would also need the stakeholder approval if they want to execute this drastic overhaul. So I believe it is not anywhere near to their priority list.

Please don't compare steemit with these two giants. Steemit is not even closer to them and with very limited functionality, their chance of even coming closer to them is very bleak.

Luke_Turner

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Quote from: mk4 on November 06, 2018, 06:38:20 AM

Because, why would they in the first place? How would blockchain technology help Facebook and Twitter's platform exactly?

Remove your mindset of that every single thing should have it's own blockchain. Blockchain is very unnecessary in most platforms, hence why we see a lot of useless coins and tokens.

Basically this. Facebook and Twitter may be two of the biggest social networking websites today, but they don't need blockchain in the first place. They're good on their own. And I agree. Not everything should run on and use blockchain. It's a great technology but we don't have to shove it down everyone else's throats.

coinwizard_

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They are already highly successful with no need to venture into new largely untested technology. They can do without for now, if they need the investment they can do an ico

khaled0111

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I can think of few reasons:
-They are doing well without the blockchain technology.
-They don't support decentralization, they want to keep control on their companies.
-it is a new technology, and switching to it seems risky.

kryptqnick

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Quote from: miltonpogi on November 06, 2018, 06:37:06 AM

Well, Facebook and Twitter is one of the largest media for advertising cryptocurrencies but although it is big, most people are against to avoid scams and such things that will impact the creators of this platforms. They don't want to taint their reputation when something bad happens in cryptocurrency space.

People might be against advertising of shitcoins and various other crypto-related scam ('win $500 in ethereum with 100% guarantee' kind of things and facebook crypto groups are full of that), but I don't think they would mind a facebook official token or something. It would be great if more social networks used incentives for high quality content in social networks. It would still be profitable for companies, because they can hold a significant amount of these tokens and grow their marketcap, but it would also make our Internet space better. They have lot's of money from ads for now, so they don't bother creating their tokens, but we'll see what they do in case the Internet Bill of rights becomes a law and the advertising suddenly stops being so effective.

Conasse

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Quote from: Trcream on November 06, 2018, 06:31:51 AM

Why facebook or twitter, reddit does not use blockchain technology, just like Steemit?

Steemit is like of a success in media, I think.

And why should they? No use for them. Will it generate more income? I don't think. Just a few bla bla bla buzzwords for 3 months ans then...nothing.
It needs to have an incentive to reward

javadsalehi

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They don't need it. For Facebook and Twitter everything is now going well. Many are using their platform and they are enjoying without problem. So, the difficulties of using blockchain technology don't worth. Also, they want to always able to control the users. They can ban accounts and remove any post they want.

BrewMaster

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There is trouble abrewing

because steemit is a pointless attempt at using blockchain technology which ended up NOT using it at all!

think about it a little, where does steemit.com using blockchain technology? there is a website (domain and host) which has nothing to do with blockchain technology, you sign up which means you are creating an account in their SQL database which again has nothing to do with blockchain technology, then you post which goes into their SQL database like any other platform including facebook,... which again has nothing to do with blockchain technology!

so where does it come in? only when someone wants to pay you because of your post they do it in a centralized way! it is not even using decentralization as in paying directly to your STEEM address! it pays you in their centralized database token (has nothing to do with blockchain technology) then you can withdraw to your address and that is the only time when this technology comes in!

now do you still say it is a success?

batang_bitcoin

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Actually you can ask them directly with their supports but there's one thing that made noise about this.

Facebook's blockchain team is looking for a lead dealmaker
Facebook Has a New Director of Engineering for Blockchain
Facebook is launching a new team dedicated to the blockchain. Messenger’s David Marcus is going to run it.

This is a quite bit old news for this year and I don't know what's the recent for this one but I guess that answers your question from them. But I don't know with the others.

nicster551

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Quote from: Trcream on November 06, 2018, 06:31:51 AM

Why facebook or twitter, reddit does not use blockchain technology, just like Steemit?

Steemit is like of a success in media, I think.

Because I think that those companies are in a perfect of operating right now and they don't want anything that would really ruin their company in anyway.

Sheriff Woody

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Both Facebook and Twitter run successful businesses and using the blockchain could possibly affect their current business negatively because not everyone is in support of this technology, but these are big companies and am sure they already have a division doing their research about it for future use.

kucritt

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i believe that the big company like twitter and face book is research about bitcoin right now and i think they don't use blockchain because they don't have enough research, and i think they will use or ready to use blockchain when their research about blockchain is success or get the big result

Herlina

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Quote from: Trcream on November 06, 2018, 06:31:51 AM

Why facebook or twitter, reddit does not use blockchain technology, just like Steemit?

Steemit is like of a success in media, I think.

Facebook and Twitter are still giants in the social media industry, it proves that users don't really need Blockchain technology for social media, as a Facebook and Twitter user, I also think they don't need to use Blockchain technology because the advantages of Blockchain technology are not very useful for my social media

maianh09

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Quote from: Trcream on November 06, 2018, 06:31:51 AM

Why facebook or twitter, reddit does not use blockchain technology, just like Steemit?

Steemit is like of a success in media, I think.

Currently these are two of the most extensive social networking channels. They all grow by delivering ads on them. There are too many ads for fake websites, and this has had a negative impact, so these two platforms have reportedly stopped supporting for Crypto-related ads. This is also why they do not develop their Blockchain platform.

mk4

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Because, why would they in the first place? How would blockchain technology help Facebook and Twitter's platform exactly?

Remove your mindset of that every single thing should have it's own blockchain. Blockchain is very unnecessary in most platforms, hence why we see a lot of useless coins and tokens.

timotron

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Maybe because it's already working good enough for the directives.

Maybe because it's an expensive change, also exposure to failure.

Maybe because its a new difficult, maybe lose some users, new learning required.

Maybe because they are social mind control tool and it not good for the actual monetary system.

Maybe they wait till some competition pops-up and then make moves.

just some ideas...

miltonpogi

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Well, Facebook and Twitter is one of the largest media for advertising cryptocurrencies but although it is big, most people are against to avoid scams and such things that will impact the creators of this platforms. They don't want to taint their reputation when something bad happens in cryptocurrency space.

Trcream

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Why facebook or twitter, reddit does not use blockchain technology, just like Steemit?

Steemit is like of a success in media, I think.

Topic: why facebook or twitter does not use blockchain now? (Read 388 times)