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RE: Crypto Queen Ep. 12 - LIVE TODAY - Update on the famous class action crypto lawsuit by one of our own, @apshamilton

in #podcast4 years ago (edited)

So many crypto projects have a claim, Hive/Steem is just one of 100's or even 1000's of project claims. By the nature of a class action, we don't need to and won't go into specific details of every project hurt by this cartel, but we have looked for great stories that exemplify core points of our case:

  1. The Tech Goliaths actually did this and it affected real people with real projects with merit;
  2. those projects, which we dub Web 3.0, did, do and increasingly will have a chance to be competitive with these Goliaths in their CORE businesses be that search advertising or social advertising/attention grabbing.

For both those reasons, Hive/Steem was, is and can be a direct competitor to Facebook.

There are others, I believe, after we file, some very big projects will join the case but in terms of a Web 3.0 competitor to Facebook's business model I doubt we'll find a better example than Hive/Steem which actually existed back then and continues to exist now.