Debesh Choudhury

4 years ago · 2 min. reading time · ~10 ·

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Blockchain-ed Social Media: Do I Need to Pay for it?

Blockchain-ed Social Media: Do I Need to Pay for it?

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Social Media .. Social Media .. Social Media. How good they exist. What would I (we) have done without the Social Media? Where would we "blog" our texts? A friend of mine says, "my free wordpress blogging was so good". LinkedIn is a proud "celebrity" in the Social Media aka Professional Media. Twitter and Facebook are not much different, but you can't use it in the same way! Our upcoming Professional Media is beBee that looks for affinity, love and like.

Algorithm is the King of the Social Media. Don't believe? But it is the Truth

Each and every Social Media are controlled by a bunch of software. The algorithm is the super controller of almost every activity. The human intervention of the Social Media administration is of course there. In fact the humans control the algorithms and decide what is allowed or not to be done.

The human administration is the Emperor of the Social Media. It is the Hard Truth

The human administrators of the Social Media rule the game. Many of us always blame the algorithm but not the human administrators. In fact the human administrators are the Real Controllers of the Social Media. They can make you a super blogger, an influencer or a Social Media celebrity by infecting you with "viral" promotions.

A new algorithm called blockchain is overwhelming almost everything

The algorithm is an algorithm. Blockchain is also another algorithm. It is new in the market. It is just a 9 years old kid. So blockchain has its own growing problems. In fact every kid grows and shows promises. It will soon enter in its teen days. As you know, the kids in the teen years are very vulnerable. That is true for blockchain as well.

The Social Media is also adopting the blockchain algorithm

There are many Social Media who already adopted blockchain algorithm to provide their day to day services. To name a few, such as Steemit, Indorse, Synereo, Leeroy etc. have been saying that they are utilizing blockchain. I have tried some but frankly speaking there are less number of users. The engagement is not as good as we get in beBee,  LinkedIn, Twitter etc.

Do we need to pay to use the blockchain-ed Social Media?

beBee has already announced that it will utilize blockchain. It is a great news. Everybody is applauding. But I am worrying as a poor guy. Do we need to pay to write blogs aka produce honey in the blockchain-ed beBee? Do we need to pay to read (taste) the blogs (honey) of our fellow Bees? Do we need to pay for commenting?

shhhh .. I must agree that selling honey is not a bad idea

beBee is already a great Social Media. Will beBee be a greater and better Social Media platform with blockchain? Please don't block your mind for any preference. What do you think? I request my good friend Bees: May I get your frank views please?

Picture credit: http://bitcoinwiki.co/wp-content/uploads/censorship-free-social-network-akasha-aims-to-tackle-internet-censorship-with-blockchain-technology.jpg


Here are some other posts I authored:

In June 2015, Dr. Jeffrey Strickland and I founded a new LinkedIn Group called "The Unfluencers". To learn about the history of "The Unfluencers" please read the seminal LinkedIn article by Dr. Jeffrey Strickland entitled -- "Who are the Unfluencers". This group is an open group. You are welcome to join this group and engage yourself in the discussions. The Unfluencerᵀᴹ Logo is a registered trademark of Dr. Jeffrey Strickland.

Text Copyright 2018 Debesh Choudhury All Rights Reserved 

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Debesh Choudhury is an academician and researcher. He is interested in the science and engineering of optics and electronics. He uses GNU/Linux, Free and Open Source Software for all his works related to computers, be it educational or entertainment, professional or personal.

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Comments

Debesh Choudhury

4 years ago #12

"New research suggests blockchain based computer programs are far from secure!" https://www.technologyreview.com/s/610392/ethereums-smart-contracts-are-full-of-holes/

Debesh Choudhury

4 years ago #11

Do I Need to Pay for the New Blockchain-ed Social Media?

Debesh Choudhury

4 years ago #10

Do I Need to Pay for the new Blockchain-ed Social Media?

Debesh Choudhury

4 years ago #9

#8
#9 Thanks a lot Debasish Majumder for caring to share

Debesh Choudhury

4 years ago #8

#8
Thanks for your comment

Debasish Majumder

4 years ago #7

Great insight sir @Debesh Choudhury! enjoyed read and shared. thank you very much for the buzz.

Debesh Choudhury

4 years ago #6

#3
Thanks a lot @Chris 🐝 Guest Cert.Prof.Acc.SA for recognizing my concern.

Debesh Choudhury

4 years ago #5

#2
It is really a "fly in the ointment" Phil Friedman .. we can't do anything other than waiting for the algorithm to demonstrate something concrete gain .. and finally the human administration to decide

Debesh Choudhury

4 years ago #4

#1
I agree with you Pascal Derrien .. we can't give a final opinion until we see what it gives in reality

Phil Friedman

4 years ago #3

#3
Yes,Chris, I see your point about Debesh’s question. But let’s not assume paying a universally affirdable amount to be a member is necessarily a bad thing. For example, the new platform being developed by OpenWorldNorthAmerica will eventually charge a universally affordable fee for membership. However, that actually frees the platform from the need to monetize member data . And since IW-NA is a not-for-priofit irganization that will be iwned by its members in the way a mutual insurance company is iwned by its policyholders, operating surpluses will be distributed back to the members in the form of credits against future membership fees. For more derails go to: Http://www.OpenWorldUSA.org Cheers!

Phil Friedman

4 years ago #2

#1
Debesh Choudhury brought a LinkedIn article by Sunny Dhillon to my attention which finally explains clearly how blockchain can be used to compensate content producers for their contributions to a given platform. The piece claims that blockchain can be used by a networking platform to track which content platform users are accessing most and at what levels. The idea is that once the platform can track this, it can pay the contributors in proportion to the contribution each makes respectively to the popularity (hence, the revenue-producing activities) of the platform in question. Aha! Of course, the fly in the ointment is that the networking platform will want to pay the "professional" contributors for their content with Ponzitos or other crypto-currency, scrip, or (as Pascal likes to call it) Monopoly money -- which, in most cases, cannot be used to buy anything of real value, like real goods and services. So blockchain or otherwise, we'll all still be stuck with game tokens. Why am I not surprised? Cheers!

Pascal Derrien

4 years ago #1

Until I see concrete implications I reserve the right not to voice a final opinion I am agnostic on the topic at the moment with many questions unanswered. Personally I hate playing monopoly so if any site makes it too cumbersome for me I am out :-)

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