Bitcoin Forum

Suggestions were been made on operating the social media on a decentralized network on block chain which is said to totally avoid any break in transmission as the Mark Zuckerberg's four most influential social media network (Facebook, WhatsApp, Instagram and messenger) is down for the second time this year.

Am yet to get the correlation between the network outage and the spiking of Bitcoin on bullish run from $47k to $49k, secondly could it be possible if Mark Zuckerberg will truly adhere to suggestive motions to run on a decentralized network on block chain.Bitcoin moves past $49K as Facebook, Instagram, and WhatsApp go down (https://cointelegraph.com/news/bitcoin-moves-past-48k-as-facebook-instagram-and-whatsapp-go-down?utm_source=thecryptoapp)

Yes, it is definitely possible. If these things happen, then a new face will come to social media. People will get more freedom in their social lives. They didn't have to worry about being stolen and selling their data. People have more security and people can control their own data. And these things will come very soon. And I think Marvin Zuckerberg might be introducing these things very soon. And I heard on the news that Mark Zuckerberg is thinking about the digital metaverse. Then it might be possible to have a blockchain social platform. I am really excited about this.

There are already some attempts to create message and chat applications using lightning network such as https://www.getjuggernaut.com/ ( I never used such services, just mentioned because it is possible)


This app run in bitcoin lightning network. Should né interesting,  but I never tried.

Imo, there's no actual correlation between some major social platforms going down and Bitcoin spiking, it's probably just an attempt to draw attention to Bitcoin and use it to get more traffic to their website.

Would it solve the issues they are experiencing on their servers?

Facebook or other media won't go in blockchain technology because they can make profit with our data.

Yes, of course we could not expect Facebook or similar social media platform to go decentralized and be powered by the blockchain technology...and even Jack Dorsey's Twitter will not do it. But there is that possibility that Mark will be creating another entity and will be experimenting with this idea soon...maybe because he feel that if this is the future of socmed then he should be its pioneer. Anyway, this is just an speculation nothing can be sure yet but there is now no question that the future of social media can be with blockchain technology.

Sure! It's feasible. There are already platforms that are built on decentralized blockchain.

Absolutely not happening! IMO, Mark already likes how he has people's data/information and making it decentralized puts the companies out of his hands. Like, imagine throwing it all to decentralization. I doubt that!

Not sure if that actually is possible (billions of data. Where are they going to be stored to make it truly decentralized?). And do we really need a decentralized social media network? I am just wondering how fucked up the whole network would be if there was no moderation of the contents being posted or anything.
Lol, don't (read never) expect Facebook to go "decentralized". Facebook needs your data in order to make billions. Mark would be the last guy to think about making a decentralized social media network.

It's a huge, multi-billion dollar business, and you expect such major platforms to abandon your valuable private data and attempt to build decentralized social platforms where they have no control over your data?

It's not going to happen.

There have been attempts to create decentralized social platforms, but they have failed to become popular. Creating a decentralized social platform is one thing, getting people to use and like it so that it becomes popular is another thing.

Steemit, hive  - they run on dpos, if one goes down you can always use another node to interact with blockchain and if the original site was down there were other frontends developed by community members which you could use.

As long as there is active community of developers I think yes. And for that, the platform should have enough incentives.

I think it is possible but it looks like Mark Zuckerberg is showing no signs that he will be turning Facebook into a decentralized social media. But we have Twitter's Jack Dorsey, an openly strong Bitcoin supporter, who is now trying to come up with a decentralized social media. The project is called Bluesky. It is not yet realized but I think it is now slowly taking its form.

https://www.bloomberg.com/news/articles/2021-08-16/twitter-ceo-jack-dorsey-s-bluesky-project-hires-jay-graber

As to the correlation of the network outage and Bitcoin's price hike, I don't think there is any connection at all.

Decentralization of the data and hardware requirements of a Facebook scale social media network is just not possible. Blockchains already get chock-full with transaction data. If they had to store everything else, i don't think that you'd want to wait for 20 seconds everytime you "Like" a comment. Maybe if someone made it compulsory to have social media only on blockchain, it'd help wean off people from the addiction due to the bad user experience.

The kind of decentralization that Social media can have is in terms of the governance mechanisms like what DAOs are attempting. A platform where moderation rules or decisions like tracking user-data isn't made by centralized entities or even single founders, but by a widespread group of people with stake in the organization.

No it is not simply because decentralized blockchain is the least efficient database there is. Additionally such a blockchain will lack the "incentive" for users to mine or even download and verify, unlike a cryptocurrency where they will earn the block reward and by running a full node they are securing their own money.
Another problem is mutability, blockchains need it but a social media network's database does not.

Just because 2 things happen at the same time it doesn't mean there is a correlation!

There is a huge difference between a message app where 2 or more individuals connect directly to each other and a social network that has to offer a lot more. Heck even for a message app you don't need the blockchain or the second layer.

I don't see any connection between the Facebook outage and the bitcoin price going up, maybe it's just a coincidence.
As for the other question, I think some decentralized social networks have already been created but they haven't gained much popularity yet and they can't compete with Facebook in any way.

There is no correlation between the social networks going down and the Bitcoin price increase.
Centralized social network means that all servers of the network are owned by the company,that owns the social network.
Decentralized social network means that all the servers running that social network will be a property of a bunch of people and companies.
It's completely possible for a social network to become decentralized,but what would be the incentive for people and companies to host a social network on their servers?There must be some kind of incentive.
Just look at Steemit and Hive for example.They have their own altcoins/tokens and the users/server owners get rewarded for their activity.Perhaps this is the way,but I don't think that any upcoming decentralized social networks will be able to dethrone the dominating mainstream social networks.

Not only social networks but anything can be decentralized, just like years ago, none could even imagine having decentralized currency. Having a decentralized social network can be easy, they just need to run different server nodes all over the world and these nodes will have access to all information of social network but all the information is encrypted and only usable by the private key of each user, so only users can get access to their own
decrypted information.

That could be possible, especially if Mark and other social media can see that they can benefit from that. They will use a new way to get more money from their invention and if they can deliver it to the public, they will see more money will come to their accounts. But I guess in the future, we may see social media that run in the decentralized network as the technology will grow and will evolve to better and people will choose what they want.

I don't know how would that work though, decentralized meant that there's no one that's leading, I do like the idea though, with a decentralized platform, we are able to collaborate to changes in the platform.

Have you seen the recent post of Gavin Woon on twitter- https://twitter.com/gavofyork/status/1445082267810996227?s=19 He was talking about Web 3 and why it's necessary to have instead of centralized community/social media. Also he said that it's inevitable. So, I think it's very possible and not so far. We will soon see something on the board.

I don't think it's needed tbh? If you're that afraid of your data from being leaked when the social media app you use gets hacked, just don't use it in a way that reveals your personal data, easy as that. Use a different name, info, use giveaway infos for emails and phones (ones that are still legit ofc, but not ones that you actually use). Plus, you lose a LOT of uhh controllability? That you'd usually have compared to using centralized social media since you wouldn't be able to edit stuff about your profile, info is given out, and much more. All in all, centralized is much better imo since it can cater more to what it's users actually want.

It's more intended for private transactions or for businesses that demands maximum privacy, as you can see, social media platforms like Facebook Messenger, Instagram, etc. already contains features that actually provides security for your data and for your conversations (vanish mode on instagram, secret conversations on Facebook) having a decentralized social network sure sounds like a good idea, but it doesn't alone gives you the green light to be careless, sensitive data is attractive to hackers, and they'll do anything to get that, so we should still be aware.

Generally, it's a great idea to see social networks running on decentralization, we already have the example of steemit network. However, it won't ever happened with facebook because it's a centralised company who generates income from the users data (i don't expect this to happen sooner or later). From another side, in a social platform we need to check and control data before being published for public and this is amost impossible in a decentralised network .

A butterfly effect maybe !
If two things occur at the same time, it doesn't necessarly mean they are correlated .

Steemit is not a social media network. It is an altcoin like any other altcoin. The "social media" part is a 100% centralized website owned and fully controlled by yet another US company where people can post just like they would on any other website like Facebook! Then they create a centralized link between the content and the "account" on Steem blockchain!

Not every single thing should be decentralized, if you just need social network/media which have downtime, you could use distributed social network/media such as Matrix.


Don't forget the hostile takeover, https://cryptonews.net/en/news/altcoins/289900/ (https://cryptonews.net/en/news/altcoins/289900/).

There are already, like peepeth, a twitter like social network that runs on eth blockchain. It cost to make a posts, same like blockchain's features it can be edited or deleted, no ads as well.

Decentralized social network can't fix what mark's website experienced, every website is prone to downtime, particularly if their servers experienced problems.

My apologies, I didn't notice it, but it's a typo, it should be can't/cannot that is why I mentioned that it has a similar feature(s) to the blockchain.

Sounds really good in the surface— a social media site without censorship? Count me in! But there are just so so many flaws if you think about it more deeply; both technically in the back end(blockchains are slow and clunky) and in the social layer(how do we stop people from posting CP and such?).

I don’t think that the price of Bitcoin going up has anything to do with um Facebook, WhatsApp, Instagram a messenger shutting down yesterday. Because I can’t see how these things can relate to each other, so I think the price of Bitcoin just went up on its own. Then as for having a social media on a decentralized network, maybe it is possible, but then I think it’s going to be totally different from the type of social media that we all know now.

If it’s going to be a decentralized network type of social media, then I think there are not going to be rules and they won’t  be anyone to enforce any type of rules on social media that is decentralized, people will feel free to do as it pleases. It's just going to be totally different from the regular social media.