I don’t see how Facebook could become like steemit. Steemit is decentralised. No one owns steemit. Facebook is a centralised site running in centralised servers owned by a company. For example, if the courts ordered something to be taken down, they can force Facebook to do so. They can’t do the same to steemit. I don’t see how the models are compatible? They could adopt a crypto currency payment or tipping system but not full blockchain.
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They can build incentives by creating a system of blockchain based paid upvotes. Of course this is not decentralized, but people would not care much. Anybody with a huge following would profit from this and like the new system.
But you are right, STEEMIT is 1000x better and even if they start such a system, it will never be comparable because the censorship free, decentralized blockchain is the future. Especially in times of fake news and truths being called fake news.
They could build incentives as you describe but this is effectively bolting on a blockchain to an existing site/ application.
To change Facebook to become similar to steemit would require a complete redesign and relinquishing control which is something I’m pretty sure they won’t do.
Hope so @ew-and-pettenrs In my opinion fb could add only some kind of payments for their ad services (and fb shops). And you can exchange its crypto. Users won't get any cash for their time on fb or from likes. Btw do you know that two days ago twitter posted its first-ever profit 330 mln :D Why they even exist and who pay their bills and what for ;0
No, I did not know. But twitter is not gonna be a thing in the future. We already have a blockchain based, paid short message service running on the STEEM blockchain. I forgot the name but it makes twitter obsolete already.
Not entirely true. 0,005% of users (the 35 whales) control most (app. 80%) of the voting power:
Whilst I agree the majority of Steem is owned by a few whales that does not mean they own steemit. It’s like saying that because most btc is owned by a few then bitcoin is owned by someone, or that because the majority of worldwide wealth is held by the 100 richest people that they own the USD.
exactly!
If that were true you wouldn't be able to google who owns Steemit and it comes up with the owners names and addresses in New York and I think Virginia. If the government wanted something brought down bad enough they'll find a way to bring it down. Just look at all those committing crimes on the dark web who thought they weren't touchable using the dark web and they've just busted the crap out of a whole lot of them.
I don’t know what you found but my understanding is that the software is open source and decentralised and therefore not owned by anyone. There may be a foundation or similar who develop code but if it’s not adopted by the witnesses it doesn’t go anywhere. You can’t have a decentralised block chain that is owned by someone. It’s incompatible.
Steemit, Inc is a privately held company based in New York City and headquartered in Virginia. The company was founded by Ned Scott and Dan Larimer, creator of BitShares, and EOS.[3][4]
DecentralizeToday had an article published giving an overview of the platform and blockchain pointing out how the developers consciously relaunched the currency to assure centralization, even quoting Tone Vays calling the system a Ponzi Scheme [18]
The Steemit Blog operates on the anarchist principles of self governance and community policing. While a novel concept it has opened the doors for abuse through vote selling and potential bullying by wealthier members of the site that use their influence to set policy, control and censor content at will.
https://en.wikipedia.org/wiki/Steemit
Now take a look at the difference between centralized and decentralized.
What is the definition of centralized:
When the organization has inadequate control over the management, then centralization is implemented
What is the definition of decentralized:
when the organization has full control over its management, decentralization is implemented.