Facebook, Steemit and Social Media’s Decentralized Future

A thoughtful article mentioning Steemit has recently appeared at CoinDesk. The author reflects on how social media can be transformed for good from their current state which he describes very vividly with the words I can only agree with:

The platform he [Zuckerberg] oversaw has killed inquisitiveness and open-mindedness, promoted form over substance, undermined the journalistic pursuit of facts and damaged our democracy — all in the interest of gathering and organizing our data so that we could be sold off as packages to platform advertisers.

Blockchain can be part of the solution by fixing the problems of centralised online media, such as the unashamed exploitation of user content and personal data with zero reward.

In my modest opinion, sometimes things are even better than the author supposes. He says:

Any truly decentralized blockchain won’t have the on-chain capacity to handle the masses of data and billions of posts that any large-scale system would run.

EOS claims it has this capacity. In fact, it’s being built with Facebook-size apps in mind. In its recent release, Dawn 3.0, they have moved from a Steem-like 3 second block interval to a 0.5 second interval, and announced that «Dawn 3.0 only implements a fraction of the potential optimizations that will allow EOSIO to scale.» So, in my view, scaling is only a short-term problem.

Another point I don’t fully agree with is related to Steemit’s «Trending» tab:

One limitation can be seen with the upvoting model in Steemit, which rewards top voted stories with steem tokens and which invariably results in posts about Steemit itself rising to the top of the trending ranks.

My point of view is that Steemit (as well as Facebook by the way) isn’t a «best content first» platform at all, unlike Medium for instance. Steemit’s «Trending» tab shows the balance of powers inside the community, as well as our Facebook feed shows the «balance of powers» in our friend list (which also includes Facebook itself). Don’t forget that one of Steemit’s core ideas had once been one of a Mutual Aid Society. With the coming of paid voting bots things have changed, but not towards displaying best content anyway. But that’s another story.

I deeply recommend to read the article to discover many important questions with no evident answers that need our thinking.


Everipedia: a Decentralized Wiki Based on EOS, IQ Token Airdropping Soon!

Everipedia is a modern and more inclusive alternative to Wikipedia with a slick interface and less bureaucracy. The big news is that Everipedia is going to be decentralized and will become the first app based on EOS blockchain, with IQ, their internal points, becoming a cryptocurrency token. Moreover, every EOS holder will soon be airdropped with some IQ!

Knowledge and crypto both being my passions, I couldn’t resist but asked for an invite, and thanks to the responsiveness of Everipedia team I’m already an editor.

How Everipedia is different from Wikipedia and other wikis?

  • Basically every single thing can have its page on Everipedia (that’s why the name I guess).
  • Every English page from Wikipedia is already on Everipedia to build on top of and improve. (This doesn’t mean it’s ok for users to copy content from other wikis as this has been made not by users and no IQ has been acquired through the import).
  • Everipedia has a modern look and is visually appealing. And you don’t need to use awkward formatting symbols. That said, not every functionality works as expected yet as the transition to the EOS blockchain is in progress.
  • Instead of talk pages, there are discussion threads where editors can continuously discuss news about their favorite topics.
  • Celebrities have verified accounts and can have conversations with their fans on their own page.
  • After Everipedia is hosted on EOS, countries that block Wikipedia (like Turkey or Iran) will no longer be able to block it.

This will be big and I think there are chances Everipedia will become one of the three EOS supported community benefit apps to receive a percentage from new annual token supply. Brock Pierce, Block.One’s Head of Strategy, has recently twitted that

Everipedia is my favorite consumer DAPP coming to market.

With EOS.IO Dawn 2.0 public test network released and venture capital coming, chances are high that other new exciting dapps follow Everipedia example and choose EOS and maybe also use their airdropping model.

If you wish to contribute to Everipedia, ask for an invite in Everipedia Telegram group. The IQ airdropping details will be announced there, too.


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