Crypto Twitter reacts to Block.one’s plans to launch EOS-powered social community, Voice

0
45
#NamePriceMarket CapChangePrice Graph (24h)

The administration at Block.one, the corporate behind EOS, introduced on June 1st that it’ll launch a blockchain-powered social media platform.

Brendan Blumer, the 32-year-old CEO at Block.one, revealed throughout a presentation in Washington, D.C., that the blockchain-enabled open-source software program writer’s new social media community, referred to as Voice, can be deployed on EOS, one of many largest platforms for constructing decentralized functions (dApps).

Supply: Voice.com

Blumer: Current Social Media Platforms “Designed to Use the Consumer”

In line with Blumer, the prevailing social media platforms akin to Fb are “designed to make use of their customers.” He defined that customers’ knowledge, consideration, and the content material they produce are all fairly precious. Nonetheless, the crypto entrepreneur identified that present social media networks are designed to primarily profit the platform and their house owners and administration, and never the person who is definitely making significant contributions to the platform.

Blumer additional famous:

“It’s the platform, not the person, that reaps the reward. By design, they run by auctioning our data to advertisers, pocketing the revenue, and flooding our feeds with hidden agendas dictated by the best bidder. Voice adjustments that.”

Voice: “A Actually Self-Sustaining Economic system of Concepts”

To be able to give customers extra management over their knowledge and likewise enable them to learn from the content material they produce, the builders at Block.one will launch the brand new Voice social media community on EOS’ public delegated proof-of-stake (DPoS)-based blockchain.

As detailed on Block.one’s official web site:

“Voice will domesticate creation, sharing, discovery and promotion of content material on social media platforms by actual customers, not bots and faux accounts. Via a really self-sustaining economic system of concepts, customers will straight profit from their concepts and engagement on the platform.”

“No Hidden Algorithms, No Invisible Pursuits”

The Voice social media community can be deployed on EOS’ EOSIO protocol-enabled public blockchain and “all interactions on Voice can be public,” Block.one’s weblog publish famous. It will enable for larger transparency, which can be “a core half” of the person expertise (UI) on Voice, the software program improvement agency acknowledged.

Clarifying how all individuals on Voice can be handled pretty and given the identical alternatives, Block.one’s weblog talked about that:

“Everybody –the person, to contributor, the platform –performs by the identical guidelines. No hidden algorithms, no invisible pursuits.”

“Uniquely Positioned” to Lead Social Media Revolution?

Whereas the administration at Block.one claims they’re “uniquely positioned to steer the social media revolution” as EOS-based dApps reportedly account for 70 % of all present “blockchain exercise”, a number of outstanding members of the crypto group imagine that current social media platforms like Twitter are “already good.”

This, in accordance with Tom Shaughnessy, the co-founder at impartial digital assets-focused analysis agency Delphi Digital, who argued that Block.one was once more making an attempt to “tack on” one other use case for EOS, despite the fact that it’s not wanted. Shaughnessy, a finance graduate from Rutgers Enterprise College, additionally talked about by way of Twitter that Block.one’s Chief Technical Officer (CTO) Dan Larimer had already based a blockchain-based social media web site, referred to as Steemit.

“All EOS Information On the Whim” of 15 of 21 Block Producers?

Shaughnessy went on to assert that each one knowledge getting used and generated on the EOS community is at “the whim of 15 of 21 block producers.”

In response to Shaughnessy’s claims, “EOS New York”, a outstanding EOS block producer, remarked:

EOS New York additional questioned the Delphi Digital co-founder’s statements by arguing that he by no means actually understood the ability of blockchain-based social media networks (in principle).

Occurring to level out a professional use case for uncensorable distributed ledger expertise (DLT)-powered social media websites, the EOS BP stated:

“Do you imply you’ve by no means seen a single occasion of Twitter accounts being merely deleted with no warning, clarification, or recourse?”

No Distinctive Worth Proposition?

In the meantime, Nathaniel Whittemore, the widely-followed curator of Crypto Twitter’s (CT) “Lengthy Learn Sundays”, asserted:

Whittemore additionally appeared to counsel that the EOS-powered Voice platform would don’t have any distinctive worth propositions. This, as he remarked:

Are “Downsides of Centralization” Actually So Excessive?

He continued:

“So far, the danger of deplatforming merely has not outweighed the price of leaving the community. At any time when we ask whether or not social community X is inclined to disruption by a decentralized various, we have to ask ‘what downsides of centralization are so excessive that folks would endure the prices of community exit?’”

He added:

For many who have an interest, folks can join the beta and study extra by visiting voice.com.

Filed Underneath: EOS, Individuals of Blockchain, Worth Watch

Omar Faridi

Omar enjoys writing about all subjects associated to Bitcoin, blockchain, and cryptocurrency. He’s most excited about crypto laws, quantum resistant blockchains, and Ethereum and Bitcoin Core improvement. His tutorial background consists of an undergraduate diploma in pc science from the College of Nevada and a masters of science in psychology from the College of Phoenix. He works as an utility developer for the College of Houston and an information storage specialist for Dell EMC.

View writer profile

Disclaimer: Our writers’ opinions are solely their very own and don’t mirror the opinion of CryptoSlate. Not one of the data you learn on CryptoSlate ought to be taken as funding recommendation, nor does CryptoSlate endorse any mission that could be talked about or linked to on this article. Shopping for and buying and selling cryptocurrencies ought to be thought-about a high-risk exercise. Please do your personal due diligence earlier than taking any motion associated to content material inside this text. Lastly, CryptoSlate takes no duty do you have to lose cash buying and selling cryptocurrencies.



  • Crypto Twitter reacts to Block.one's plans to launch EOS-powered social community, Voice 1 Bitcoin
  • Crypto Twitter reacts to Block.one's plans to launch EOS-powered social community, Voice 2 Ethereum
  • Crypto Twitter reacts to Block.one's plans to launch EOS-powered social community, Voice 3 Litecoin
  • Crypto Twitter reacts to Block.one's plans to launch EOS-powered social community, Voice 4 Stellar
  • Crypto Twitter reacts to Block.one's plans to launch EOS-powered social community, Voice 5 Neo
Scan to Donate Bitcoin to 16nF2mKUfawqr8oXaMQvQMok79VMf74DHp

Donate Bitcoin to this address

Scan the QR code or copy the address below into your wallet to send some Bitcoin and support Hodlcrypto.

Scan to Donate Ethereum to 0xe7bE54f0532AD6707b6f58B4449087fbaEb94C7D

Donate Ethereum to this address

Scan the QR code or copy the address below into your wallet to send some Ethereum and support Hodlcrypto.

Scan to Donate Litecoin to LTsQUa6mxQz5fsnj7HNFCF3jFHBmtj7kvA

Donate Litecoin to this address

Scan the QR code or copy the address below into your wallet to send some Litecoin and support Hodlcrypto.

Scan to Donate Stellar to GCNRCYE2MLXOQNMDMHLJHIRLA37UB5VPK4FC5ZBMCUFRWOI425TRZU34

Donate Stellar to this address

Scan the QR code or copy the address below into your wallet to send some Stellar and support Hodlcrypto.

Scan to Donate Neo to ASYQT7CKfjAkpeZMyeEs9incKbkQKMKBzw

Donate Neo to this address

Scan the QR code or copy the address below into your wallet to send some Neo and support Hodlcrypto.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here