In particular, crypto communities have grown and evolved in various new and exciting ways, with Twitter serving as a dominant space for discourse, followed by Reddit and, more recently, Clubhouse. Discord and Telegram have mainly served as community management tools and outlets for project-specific conversations.
The common denominator? None of these platforms really abide by the crypto principles of decentralization, privacy and user rights. A redesign of social media and community spaces in line with core crypto principles seems inevitable, not just for a safer medium of expression but also for an elevated economic ecosystem focused on thriving.
Decentralized social networks and communities provide a higher level of control and autonomy for members than centralized ones. There are also federated decentralized social networks and communities. The principle of interaction between users is significantly different.
For example, Twitter allows users to post and receive messages only to those with Twitter accounts (for example, Twitter users cannot post to Facebook accounts due to the lack of cross-platform). Federated decentralized social networks and communities allow users to communicate independently of the network and community. This is the main difference between decentralized social networks and centralized social networks like Facebook and Twitter.
The SEC remained mostly silent during the ICO boom but then flooded alt-coin founders with a tsunami of subpoenas beginning in 2018. To be sure, some ICOs were scams and deserved prosecution, but others were and are legitimate companies building out viable networks and providing value to purchasers and consumers.
LBRY, Inc. is one such company. It promotes an “open, free, and fair network for digital content” and boasts 10 million users. Someday it could rival YouTube, Amazon, and other video content providers. But first it risks bankruptcy in a legal fight with the government for violations that lack victims.
Hackers were reportedly sharing a massive amount of personal Facebook data in January, and now that data appears to have escaped into the wild. According to Business Insider, security researcher Alon Gal has discovered that a user on a hacking forum has made the entire dataset public, exposing details for about 533 million Facebook members. The data includes phone numbers, birth dates, email addresses and locations, among other revealing info.
ROBERT STEELE: I value Ben Fulford, whose decades of work as a financial and political journalist with a focus on Deep State and Asia are unmatched by anyone I know. Subscribe to him here. Today’s report is quite good. Below is a graphic from that report.
Our Web 3.0 working group has a more nuanced and comprehensive plan than the above, but the above is useful as a public perception device — it is easier to shut BigTech down and migrate than most people imagine.