What will happen when facebook gets replaced by blockchain??

[rjefferson]

I'm really curious to see how facebook is going to spin their recent scandal. There have been some really good projects popping up that emphasize data sovereignty of personal data.

My recent favorite is Algebraix. Permission-based advertising platform where you get paid to watch ads and disclose info relevant to advertisers, all the while keeping your personal data private. https://algebraix.io/

I really think it's time we end data exploitation. I'm very excited for projects like algebraix and the implications they have for privacy/micro-rewards for the future. Thoughts?

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[MAF_Spencer]

I'm really curious to see how facebook is going to spin their recent scandal. There have been some really good projects popping up that emphasize data sovereignty of personal data.

My recent favorite is Algebraix. Permission-based advertising platform where you get paid to watch ads and disclose info relevant to advertisers, all the while keeping your personal data private. https://algebraix.io/

I really think it's time we end data exploitation. I'm very excited for projects like algebraix and the implications they have for privacy/micro-rewards for the future. Thoughts?

I personally think that the one to replace Facebook would be a platform like steemit. However, what is the "recent scandal" that you're talking about?

[ralle14]

I'm really curious to see how facebook is going to spin their recent scandal. There have been some really good projects popping up that emphasize data sovereignty of personal data.

My recent favorite is Algebraix. Permission-based advertising platform where you get paid to watch ads and disclose info relevant to advertisers, all the while keeping your personal data private. https://algebraix.io/

I really think it's time we end data exploitation. I'm very excited for projects like algebraix and the implications they have for privacy/micro-rewards for the future. Thoughts?

I personally think that the one to replace Facebook would be a platform like steemit. However, what is the "recent scandal" that you're talking about?

There's only one thing that talks about bitcoin and facebook which is the ban of crypto related ads even with the recent ban there are still some altcoin ads being shown. After reading the summary it's like a faucet but instead of getting paid with fiat or bitcoins you'll be paid with their currency. It's just another place where people can earn and advertise their own crypto. I don't get the excitement behind this platform maybe i'm missing something. Imo only time will tell if this project would be a successful one.

[mak2017]

I'm really curious to see how facebook is going to spin their recent scandal. There have been some really good projects popping up that emphasize data sovereignty of personal data.

My recent favorite is Algebraix. Permission-based advertising platform where you get paid to watch ads and disclose info relevant to advertisers, all the while keeping your personal data private. https://algebraix.io/

I really think it's time we end data exploitation. I'm very excited for projects like algebraix and the implications they have for privacy/micro-rewards for the future. Thoughts?

I don't see any project replacing Facebook in the near future of 2-3 years, more likely after. Facebook is a giant organization, it won't be so easy to shut it down or even take 50% users that fast.
I agree that we need to stop sharing our personal data with someone with don't even know, and don't get even a decent payment for this.
There are a good number of projects who are making crowd sale at the moment with the same purpose to move over Facebook and data selling to 3rd persons.
Many will sadly fail, due to startups statistics, strong will survive and who knows maybe one day we will be getting paid for making likes & reposts as well as decide with whom to share our personal data and be rewarded for that.

[RamonBTC]

Does this recent scandal your pointing out is either regarding the “advertising Cryptocurrency ban” or the “data privacy and account leak that is in news this days”. I doubt that with this controversy is enough to have a mob clamor to have an alternative platform that is capable of what Facebook can do.

Blockchain and Facebook adaptation on its technology is a good option for security purposes and I’m sure Mark is studying this possibility for months now.

[carter34]

This thread got me lightened up with laughter. I realize so many users are desiring magic to happen to take bitcoin to its place of recognition. It is not possible for facebook to be transformed to blockchain. Facebook is mark zugerberg's business and that is what it is.

[Gotottack]

How will blockchain replace a social media site again?

I don't think a single code would be able to keep a social media site afloat for a long time. It may be able to address the problem for now, but socialization and using social media changes a lot more rapidly than we can change the codes. Probably you can make use of the blockchain technology on it, but really, people should stop over using blockchain and cryptocurrency on almost anything. Heck we even make some stupid coins like celebrity coins or coins for crops and other stuff that are just plain stupid.

[jack107]

I think he's talking about the cambridge analytica scandal. But in terms of algebraix replacing facebook, I think it would be more in terms of the advertising part that facebook/google dominate.

after reviewing everything from their wp to telegram, I do see a huge market for this. they essentially use blockchain to keep our personal data private while we get rewarded for our attention/providing relevant info to advertisers to target better. I'm excited to see how this project turns out. they have a great team as well

[Pool0x]

I think that FAcebook will finish because blockchain pay customers, facebook doesnt do this

[milewilda]

I'm really curious to see how facebook is going to spin their recent scandal. There have been some really good projects popping up that emphasize data sovereignty of personal data.

My recent favorite is Algebraix. Permission-based advertising platform where you get paid to watch ads and disclose info relevant to advertisers, all the while keeping your personal data private. https://algebraix.io/

I really think it's time we end data exploitation. I'm very excited for projects like algebraix and the implications they have for privacy/micro-rewards for the future. Thoughts?

These question is not making any sense? Why? How would blockchain would replace a social media?
If you dont know whats the definition of blockchain technology then it would be better to read it up again once more and you might able to change your own view.
I would rather believe that a new social media which do make use blockchain technology would able to replace facebook which is possible but i would say it wont happen easily since we know on how big facebook is.It wont be an easy thing to consider.

[Xavofat]

The blockchain-related social media platform Steemit is already relatively popular, and some other projects have been started which attempt to bring advertisements into users' control, such as the Brave browser.

But social media platforms are centralised by nature.  They may implement blockchain as part of their system but they will still use a website and a company.

I think that if Facebook's power begins to wane (which may be a long time), the new system will probably just be another website with similar ethics to Facebook, whether the new website admits it or not.  History repeats when the abuse of people's personal data is beneath the surface.

In the meantime, I'm sure there'll be many near-useless tokens attempting to fill demand in the market which isn't really there.

[ceferov]

I'm really curious to see how facebook is going to spin their recent scandal. There have been some really good projects popping up that emphasize data sovereignty of personal data.

My recent favorite is Algebraix. Permission-based advertising platform where you get paid to watch ads and disclose info relevant to advertisers, all the while keeping your personal data private. https://algebraix.io/

I really think it's time we end data exploitation. I'm very excited for projects like algebraix and the implications they have for privacy/micro-rewards for the future. Thoughts?

I personally think that the one to replace Facebook would be a platform like steemit. However, what is the "recent scandal" that you're talking about?

I believe steemit is mostly like only blog for now. They should see the potential now and update it to more useful platform. Social media is one of those space which needs blockchain technology used on it

[jhanson]

I think blockchain tech can disrupt facebook. In this sense algebraix is more on the advertising side. Since facebook and google are the biggest networks AND they track our personal data, using blockchain tech would mean more privacy and accuracy. their whole model is that you get micro rewards for your attention while keeping your personal data private. before you knock it, I recommend looking into it. Their app is up and it's awesome

[Kemarit]

I'm really curious to see how facebook is going to spin their recent scandal. There have been some really good projects popping up that emphasize data sovereignty of personal data.

My recent favorite is Algebraix. Permission-based advertising platform where you get paid to watch ads and disclose info relevant to advertisers, all the while keeping your personal data private. https://algebraix.io/

I really think it's time we end data exploitation. I'm very excited for projects like algebraix and the implications they have for privacy/micro-rewards for the future. Thoughts?

I think you got it wrong, there's no correlation between the recent scandal about Algebraix and Facebook and Blockchain. But regarding the scandal, yes its a big thing because Facebook has been telling us that they are really protection our privacy. But when the scandal broke, everyone is really questioning their capacity to provide us data security. Maybe there's where blockchain can enter, specially private ledger, its gonna be hard to compromise and even tampered with, this is one nature that every social media should take advantage of so that a data breach is more likely not gonna happen and we are going to be a happy customer.

[mostcrack]

I'm really curious to see how facebook is going to spin their recent scandal. There have been some really good projects popping up that emphasize data sovereignty of personal data.

My recent favorite is Algebraix. Permission-based advertising platform where you get paid to watch ads and disclose info relevant to advertisers, all the while keeping your personal data private. https://algebraix.io/

I really think it's time we end data exploitation. I'm very excited for projects like algebraix and the implications they have for privacy/micro-rewards for the future. Thoughts?

I would rather believe that a new social media which do make use blockchain technology would able to replace facebook which is possible but i would say it wont happen easily since we know on how big facebook is.It wont be an easy thing to consider.

It is also possible that what you claim is a mix of social media and Blockchain is very fitting to prevent abuse that currently happens to override Facebook can beat Facebook where some users leave their Facebook thinking dangerous to continue to go into it, now is the right time to make it happen all, many technologies are now changing and seeing the development of Blockchain and its advantages, and tightening the security system.

[Collinberg]

There is no way bitcoin can replace Facebook because Bitcoin is not a social media platform,it's just like saying phones would replace chairs but so far,Facebook has been waging a war against cryptocurrency ads.

[ivrynx]

If you are referring to the data of facebook to be in a blockchain, there is a possibiliy, however there is a huge amount of data that they need consider, which I think will become more contreversial wehen a breach happens,  if we  considere what had happened to facebook, wherein people have their own discretion on how to protect their data, yet there are outside factors that had given away their data, but when it comes to blockchain, just like what they are doing in healthcare now, insurance companies are sharing information of their members, in case they would want to transfer from their health insurance to another, in a way will also violate their rights. For facebook, if they will use.blockchain technology, it will be faster, however, those who owns the data, should create more advanced security and not just depending on their account passwords.

[Hommer]

So, the problems and problems are very serious about facebook but every problem there will definitely be a solution because both run and need each other, maybe more appropriate need technology and renewal more suitable for now.

[AngelSky]

There is no way bitcoin can replace Facebook because Bitcoin is not a social media platform,it's just like saying phones would replace chairs but so far,Facebook has been waging a war against cryptocurrency ads.

Actually Google is the one creating its own blockchain right! I hope op has confused everyone. Let him confirm or lock this thread. As you said Facebook is not competing bitcoin at all.
Many spammers in this forum just create a worst threads this forum.
May be as day goes we will find this thread spamyard. Hope op will lock it earlier.

[craigpo]

I'm really curious to see how facebook is going to spin their recent scandal. There have been some really good projects popping up that emphasize data sovereignty of personal data.

My recent favorite is Algebraix. Permission-based advertising platform where you get paid to watch ads and disclose info relevant to advertisers, all the while keeping your personal data private. https://algebraix.io/

I really think it's time we end data exploitation. I'm very excited for projects like algebraix and the implications they have for privacy/micro-rewards for the future. Thoughts?

I think you got it wrong, there's no correlation between the recent scandal about Algebraix and Facebook and Blockchain. But regarding the scandal, yes its a big thing because Facebook has been telling us that they are really protection our privacy. But when the scandal broke, everyone is really questioning their capacity to provide us data security. Maybe there's where blockchain can enter, specially private ledger, its gonna be hard to compromise and even tampered with, this is one nature that every social media should take advantage of so that a data breach is more likely not gonna happen and we are going to be a happy customer.

What?!?! I think there's a huge correlation: data exploitation.

I looked into what algebraix is doing and they're preventing that while providing micro-rewards to consumers. While algebraix focuses on the advertising aspect, the data exploitation part is very relevant.