Leave a comment

Social media is everywhere. After Facebook, Twitter, Instagram and others spent the better part of the millennium rising at meteoric rates, users have recently started to abandon social media accounts, opting for a single account, or no social media at all. Users who took social media seriously and produced quality content discovered that all their hard work was consumed by the platform itself, leaving them with no financial gain, and just a few million likes and a moment of fame as compensation. What’s more, information on social media that had been intended to be private has been made public to governments, advertising companies, and more, making users far less willing to share intimate details of life. Is social media losing its edge? Will Blockchain Reinvent Social Media?

  • RB

    Ryan Biddulph

    12 days ago #

    Blockchain does fascinate me Erik, because I am growing on Steemit a bit more each day. I enjoy the idea of a social site where your sharing, and assisting, and engaging, not only spreads the word on the platform but also helps you earn crypto currency. Win-win on all levels, methinks.

  • BP

    Brenda Pace

    12 days ago #

    Hey Erik,

    The timing of this post is perfect. I was talking with some friends earlier about how social media has lost it's luster by yielding to spammy accounts, hackers, politics, and wanna be hook ups. It's really disappointing to get an abundance of messages on several different accounts being told you're pretty and wanna hook up. Ugh......

    So I'm glad to read this from Blockchain! Do you think it has enough za za zu to kick social media back into shape or are we too far gone?

    Very interested in reading everyone's thoughts. Thank you for sharing it!

    B

  • LS

    Lisa Sicard

    12 days ago #

    Hi Erik, this post really was very informational and made me think: Will social media be changed forever by Blockchain? Will they big networks adopt with it or lose out? Very interesting how it can be "hidden" only seen by those that agree to it. And to be paid as well :) Thanks for this share Erik.

  • SA

    Swadhin Agrawal

    12 days ago #

    Hi Erik,

    So true!
    Blockchain is a great way to get social media without the general inefficiency that traditional social media comes with.

    The features like transparent updates, getting compensated and 100% privacy sounds good but I think this might take some time to get right though the center. Isn't it?

    Thanks for sharing this piece which surely has some good light on the way we share content and social updates.

    -Swadhin

  • DG

    Dana Gore

    12 days ago #

    Thanks for sharing this Erik.
    Social media has done some great things for people, but it's also left a lot to be desired.
    Anything that comes along and helps with privacy is a plus. It'll be interesting to see how this plays out.

  • CR

    Cori Ramos

    11 days ago #

    Hi Erik,

    This is the first time I've heard about Blockchain. And just by what you shared in this post it looks as though Blockchain is going to change social media for the better.

    To be able to see the content we want and not want the platforms think we should see, is like a breath of fresh air. I agree with you that social media definitely has lost some of it's edge.

    Thanks for telling us about this new technology!

    Cori

  • JH

    Joy Healey

    11 days ago #

    I'm totally fascinated by this idea, Erik!

    Brenda really summed up what I'm feeling about social media at the moment, but you - and Ryan - have opened my eyes to an interesting alternative. I had no idea that blockchain and social media could be linked, until this article explained it.

    Can't wait to learn more. Thanks for sharing.

  • RC

    Reginald Chan

    11 days ago #

    Great post and thanks for sharing, Erik!

    I think it will reinvest social media in some way. Powerful article!

  • RC

    Ravi Chahar

    11 days ago #

    Hey Erik,

    There are many people who are into Bitcoins and it's growing. Getting abandoned by the social media platforms, this can be a new platform for many.
    Thanks for sharing with us.
    ~Ravi

  • JM

    James McAllister

    11 days ago #

    I'm a huge privacy advocate and have also had times where I've lost control over content I've published completely. The fact that people are so willing to give it away is frightening.

    That being said, Facebook obviously loves it this way, as does Google and all the other companies that make their money through serving relevant ads. I hate to be negative, but I find it very unlikely that Facebook and Google would adopt any technology that makes it harder for them to survive as a company.

    I also find it unlikely that any new platform that integrated blockchain technology will be able to gain a mass-market userbase. Google couldn't even develop this, and not only are they one of the largest companies in the world but they already have one of the largest active userbases.

    I hope I'm wrong. I suppose even attracting a niche audience is a step in the right direction, to say the least.

  • LR

    Lorraine Reguly

    9 days ago #

    The blockchain concept is interesting, to say the least.
    However, I'm not very concerned about the privatization factor.
    I'm a very public person --- even all my Facebook settings are set to "public." ;)

Join over 70,000 growth pros from companies like Uber, Pinterest & Twitter

Get Weekly Top Posts
High five! You’re in.
SHARE
26
26