Awesome another one :)
I really think these social media sites are going to be huge in the future.
I signed up, hope you see my ref :)
It does seem the system is going to be decentralized, with users hosting nodes.
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RE: Is Sola a competitor to Steemit? See inside for my thoughts!
Decentralized hosting doesn't mean that the economic model is decentralized, though. Not that that's necessarily the end of the world, I suppose.
When you say economic model decentralized.. how do you mean?
I mean the control of the money. When someone buys an ad on Sola, how is that money funnelled to content creators? Does it go to a smart contract that automatically splits it between the owners, creators, and operators of the platform? Or does it go to some centralized repository and then get split between everyone?
To be truly decentralized, there can't be any opportunities for a person to steal the funds before they're distributed. If the funds aren't distributed by smart contract, then there almost has to be a middle-man - and that's a huge security problem.