What will happen when facebook gets replaced by blockchain??

[starblocks]

If cryptocurrency becomes popular enough Facebook would probably choose to adapt to the trend rather than risk becoming obsolete

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[batang_bitcoin]

When you sign in to any social network or any platform, there's a user-end agreement. And all of the terms there are in favor of them and assume and expect that your data will be saved in their database for the sake of ad-network. They have to through ads while using those data's that they have gathered from their users while giving them free service. Algebraix is just going to be another altcoin so there's nothing new with it.

[richminded]

If cryptocurrency becomes popular enough Facebook would probably choose to adapt to the trend rather than risk becoming obsolete

I think this is not gonna happen because we all know the function of bitcoin and facebook are not relevant to each other. I don't see any reason why blockchain will replaced bitcoin. In terms of advertising of securing the data on facebook I think using blockchain is a good thing but of course facebook will not replaced by anyone easily.

[keung0109]

guys read into what the OP is actually saying. I looked over the algebraix project and I see lots of potential behind their idea: permission-based advertising meaning that we as consumers get paid to watch ads while keeping our data safe/being exploited. I think this is going to be huge as data will be the oil of our future economy.

I wouldn't sleep on reading about them - https://algebraix.io/
they also have their sale going on right now via SAFT

[gantez]

Can that really happen that facebook can be replaced with blockchain. What could happen maybe that facebook may have a full adoption of bitcoin and cryptocurrency when the adoption issues are resolved.

[imstillthebest]

guys read into what the OP is actually saying. I looked over the algebraix project and I see lots of potential behind their idea: permission-based advertising meaning that we as consumers get paid to watch ads while keeping our data safe/being exploited. I think this is going to be huge as data will be the oil of our future economy.

I wouldn't sleep on reading about them - https://algebraix.io/
they also have their sale going on right now via SAFT

that is actually cool and definelty better than facebook because facebook doesnt even pay us to view their ads on their site and also our privacy or data is also being exposed continuosly to the other website or any other shady business. if someone could invent a social media like facebook but with the ability to use blockchain and crypto in order for us to earn an incentive , then that could possibly beat and replace bitcoin immediately. Blockchain is indeed a verry powerful technology that can transform the way we used the internet.

[olubams]

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?

Even after the Facebook scandal about data,  a whole lot of people didn't know except people.conversant with recent happenings in the news which means only the few that are current would want to consider switching to another platform other than Facebook. Facebook would still remain relevant, all we need is to be more careful on the amount of information we share on social media and they have been made to be responsible for their lapses. I don't now know what else we really wanted.

[jakagintiri]

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?

Even after the Facebook scandal about data,  a whole lot of people didn't know except people.conversant with recent happenings in the news which means only the few that are current would want to consider switching to another platform other than Facebook. Facebook would still remain relevant, all we need is to be more careful on the amount of information we share on social media and they have been made to be responsible for their lapses. I don't now know what else we really wanted.

And strangely most people are too indifferent to Facebook up and down, they use social media. Facebook is so relaxed it's okay but it's very dangerous when it happens again which is worse, many are advocating to go to social media other than Facebook, in order for privacy someone can be very awake, indeed for some people this is a mild problem but its influence could endanger every user and every country also condemns Facebook to responsible Java, how serious.

[mimienamphine]

If facebook is replaced by blockchain that will be great news for everyone because people will be making with the time they spend on social media either directly or indirectly.People can take part in bounties and advertise about cryptocurrency to their followers to attract investors whiles getting paid for their services.This will help to deal with unemployment to a minimal level.Yes this is possible and the future is very bright for cryptocurrency.

[vintages]

The project as you mentioned; Algebraix, is nothing compares to Facebook. Cause the project you mentioned is just for advertising, unlike Facebook which is a social platform coupled with other purpose. If Facebook is replaced by a blockchain technology or something similar to that exist, then it will be a good thing. Good ICOs can use them to advertise their projects and probably likes might earn one coins.  

[reflector]

The project as you mentioned; Algebraix, is nothing compares to Facebook. Cause the project you mentioned is just for advertising, unlike Facebook which is a social platform coupled with other purpose. If Facebook is replaced by a blockchain technology or something similar to that exist, then it will be a good thing. Good ICOs can use them to advertise their projects and probably likes might earn one coins.  

I have read today stating Facebook gonna launch their new ICO and new coin in the market. I do not think they having blockchain left on the distributed open ledger.
If you use the private medium network means it will be able to transacting the cryptos with in that ledger itself.
Hope Facebook would not compete the blockchain at anytime.

[Macricjack]

Circumstances are pushing Facebook to take the technology of the blockchain to continue operating.

[13abyknight]

Is there even and relation between Facebook and blockchain? One's a social network while the other is a piece of technology which is highly advanced. If you're talking about a social network project in the crypto world, there have been a few and the standout one in my eyes was 'Social' which had a lot of good things going their way.

[Sadlife]

That would be a great innovation if ever facebook changes to blockchain technology instead wasting our time and being exploited by it. In sharing, liking and uploading personal data. We can actually gain from it through a reward like in bitcoin mining where users receives reward from mining block, facebook can also do the same when users likes a photo or comments or share files he gets rewarded and earn something.

[slaman29]

Is there even and relation between Facebook and blockchain? One's a social network while the other is a piece of technology which is highly advanced. If you're talking about a social network project in the crypto world, there have been a few and the standout one in my eyes was 'Social' which had a lot of good things going their way.

There's no relation of course, and I don't think OP was trying to make one. But blockchain as can be seen has been making inroads into every damned industry we can think of. But there IS a huge difference to me between simply making social networking on blockchain, which is what a lot of projects are doing, and using blockchain to guard data privacy (which is an application that is cross industry).

I don't think anyone actually has a project that truly looks at this. Data privacy laws in the US are old, even if they think they're modern.

[yojodojo21]

Facebook is a social media where people can post and share their thoughts because of freedom of speech, but blockchain talks about money, if blockhain replaced Facebook then all data should be transparent to the devs, but the good thing is everybody will be able to know and connect through blockchain technology. However, Blockchain will be abuse by the government for sure if it would be the replacement of Facebook.

[Olivian]

Facebook is to big to die..

That's my opinion

[vintages]

I have read today stating Facebook gonna launch their new ICO and new coin in the market. I do not think they having blockchain left on the distributed open ledger.
If you use the private medium network means it will be able to transacting the cryptos with in that ledger itself.
Hope Facebook would not compete the blockchain at anytime.

Really?  Where exactly did you get the news from? Cause most people might be circulating news that ain't true especially now that Mark is trying to resolve issues regarding security with some the legislature. I don't think the legislature might like it, they might term another meaning to it. Well, if Facebook won't compete with blockchain, then it wouldn't be a problem and in as much as this is will be a good project.

[gutshot5820]

Algebraix is a good project but I think you meant for the advertising side of facebook, which is like 90% of it lol. If I'm not seeing stupid videos, I'm seeing an ad if not a video ad pushed by a company. I love that with their platform we get compensated for our attention and get ads that we're actually interested in. I see a lot of potential that they bring for the ad space tho

[doch]

That would be a great innovation if ever facebook changes to blockchain technology instead wasting our time and being exploited by it. In sharing, liking and uploading personal data. We can actually gain from it through a reward like in bitcoin mining where users receives reward from mining block, facebook can also do the same when users likes a photo or comments or share files he gets rewarded and earn something.

That will really be a very great news and a positive change, but i think that it is not going to happen so soon, it will take some more time when bitcoin will become more popular and some other countries will turn bitcoin as legal in their country, i think that  still most of the people are welling for that but still we have to wait for some more time and then we will even see some more good and big new about bitcoin.