Journey from beginning to Whale

Interacting with friends and own family throughout lengthy distances has been an issue of human beings for centuries. As social animals, humans have constantly relied on verbal exchange to strengthen their relationships. while face-to-face discussions are impossible or inconvenient, humans have dreamed up plenty of creative.

How it all started?

The roots of social media stretch far deeper than you might imagine. Although it seems like a new trend, sites like Facebook are the natural outcome of many centuries of social media development.

The earliest method being written correspondence delivered in person.Then in 1792 telegraph was invented which helped in sending messages long distance faster than a horse and it revolutionised the way of sharing news and information.Then the pneumatic posts was developed in 1865 which utilizes underground pressurized air tubes to carry capsules from one area to another.This made sending post more faster and was a bigger breakthrough in sharing information.

In end decade of 1800, two inventions proved to be ground breaking (telephone 1890 and radio 1891).These technologies are used still today, but in more sophisticated manner which have made the communication more easily than mankind have imagined.

Technologies began to change rapidly in 20th century with invention of supercomputer inventors started on developing ways to communicate network between 2 computers and the internet was born.

With the invention of internet people become crazy about talking to friends, family and started making friends with other users.The first recognizable social media website online, Six degrees, become created in 1997. It enabled users to upload a profile and make buddies with other users. In 1999, the primary running a blog websites have become popular, creating a social media sensation that’s still famous these days.(social media today).

After the invention of blogging, social media began to explode in popularity. Sites like MySpace and LinkedIn gained prominence in the early 2000s, and sites like Photobucket and Flickr facilitated online photo sharing. YouTube came out in 2005, creating an entirely new way for people to communicate and share with each other across great distances.

By 2006, Facebook and Twitter both became available to users throughout the world. These sites remain some of the most popular social networks on the Internet. Other sites like Tumblr, Spotify, Foursquare and Pinterest began popping up to fill specific social networking niches.

Users to Influencer journey.

With sharing becoming easy and people started making big networks on social media. There were few smart users who have made use of the boom and made big networks that worth a lot in sharing opinions and market product and new information. These users were called Influencers as they had power to influence users with their thoughts and drive movements amongst their followers. These made people spamming in greed of becoming influencer and gain power on social media. This have made social media platforms dirty.This led to spreading of false information amongst users.

Social media became hub for indirect monetization

The social media became so immense that people saw opportunity in monetizing through social media and it made facebook even more powerful as users were able to execute publicizing their products through facebook and earned popularity and profits. Still there was one problem no platform was able to monetize the worth of humans on it.

There was absolutely no way to earn on social media by just being yourselves. Influencer had millions of followers on social media but still they won’t be able to earn money on it if they don’t sell anything and also even the followers won’t be able to earn anything until they became an influencer or join something through social media that makes some money.

What happened next?

So in the high need of monetization of content and appreciation of healthy content few of the hands came to help to maintain integrity of social media .

Steemit is one of the famous platform which helps users micro monetize their activities and content.But here there were few problems:

Master nodes were way to powerful and the reach of the master node to such a vast majority of users were limited.
Also, even your content was seen by master node there is very little monetization attached with that content and their is no way to differentiate a good content and mind blowing one(till other master nodes finds and upsteem it). So proper monetization of efforts were still missing.
Due to monetization of the content people started running bots on steemit platform and earned big chunk on the platform. This led to less recognition of honest effort and more on computer intelligence to make money. Because of this the spam problem again increased as people started writing any content to make money and run bots on.
Most important and major problem with steemit is that it needs to understand all contents cannot be monetized and only honest human effects which led to monetizable or knowledgeable benefits should be monetized to reduce spam and being more valuable to social crowd. People will only upvote content which gives them financial or intellectual benefits can be monetized and there will be a need for moderation on this

For solving problem of direct monetization steemit lost the charm of being social . So I moved on to the next one.

I recently started reading about Blockchain and started to find even more solutions for the same problem and came across whalecoin.org.

Whale coin can be though as the social media for whales.Anyone on the platform can be whale by fulfilling minimum requirement for being a whale(one of them being holding 1000 whalecoins).

The whale coin is influencer(whales) moderated platform, where whales can assign tasks which leads to activities amongst
the followers. Then the whale can assign rewards to the users to perform certain tasks.
A whale can give x upvotes(x is integral number which is not yet announced) to a follower for his tasks performed. Number of upvotes will decide the amount of reward for a particular user.
It will reduce spam as it is moderated by humans and their white paper describes the platform as the proof of human.
Only the tasks assigned by whales will be rewarded and the tasks which are out of scope of the given tasks are not eligible for monetization.
Rewards will be distributed by the influence by approval of certain tasks by the blockchain. That means whale don’t spend money from their pocket(other than the blockchain transaction fees) for getting the tasks done.
The blockchain transaction fees is charged to the whales so that serious tasks and content is only approved(I think this will be refunded in the form of engagement rewards to the whale in later stages).

One commonplace element in whalecoin and steemit is they each understood the need to micro monetize social media presence and activities. but, steemit didn’t recognize the fact that not all contents can be monetized and if now not notion about it the whole platform will lead to shit load of content material to simply earn cash and spam to draw users to upsteem.

Whalecoin have just been launched and I can see them on few exchanges, from the whitepaper it looks promising let’s have a look at what whalecoin can offer us that steemit didn’t understand.

Here are some links about WhaleCoin:

BitcoinTalk:

https://bitcointalk.org/index.php?topic=2130838.0

Source:

https://github.com/WhaleCoinOrg/WhaleCoin

Explorer:

https://explorer.whalecoin.org/

RocketChat

https://rocketchat.whalecoin.org

Web Wallet

https://mywhalewallet.com/

Whitepaper