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https://www.youtube.com/watch?v=k3FJPnsDh_U
Some guy did a review of “blockchain social media” ... I don’t see much value in such platforms. Maybe LBRY, but I’m not really clear on how it uses blockchain in the first place ... it seems like it would be a better place to use bittorrent / webtorrent or similar.
I also find his primary criterion (payment for posting, in “platform rewards”) to be utterly defective. I don’t want people to post because they want to get paid. I’d prefer people to post because they want to share their ideas with the platform’s userbase.
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Plus, doesn’t he wonder where these platforms are getting the funds they pay out in platform rewards?
It seems to me that this is doomed to fail.
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Remember when people were going into “affiliate marketing”? That’s sort of what this sounds like. People are rushing to join something that is clearly not viable in the long (or even medium) term, and will be bled by vampires until there’s nothing left, then discarded.
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He's "a huge social blockchain enthusiast", so I guess all that should be expected. https://www.publish0x.com/at-scottcbusiness ... including dissing #Fediverse platforms (Mastodon, GNUsocial, Friendica, Hubzilla, PeerTube) and Diaspora for "having no users" and being small communities, like islands, but then gushing over no-name blockchain-based and token-issuing socnets whose userbases are probably multiple orders of magnitude smaller.