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Do you think there's potential to compete with Facebook?

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RASA911216

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Given the current trends, the giant keeps growing but I'm thinking of the potential at entering the market using a blockchain based descentralized site. Making it focus on promoting growth and businesses like LinkedIn but with focus on organizations rather than individuals.
Only other similar attempt I've found was https://www.minds.com/ but it seems its not very big yet and there's an increase on free-speech blockchain based sites such as Discussions/ so it seems there's potential for the market to start opening on these niches. Do you think it'd be possible or its a dead end/overcrowded market? So far besides Minds and Discussions.App I haven't seen any potential competitors.

Thoughts?
 

lowtek

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No. Facebook is an NSA / DoD project disguised as "free enterprise".

Any true competitor will be deplatformed and its owners shamed by the media, for crimes real or invented, to keep the sheep herded into one place.
 

WillHurtDontCare

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No. Facebook is an NSA / DoD project disguised as "free enterprise".

Any true competitor will be deplatformed and its owners shamed by the media, for crimes real or invented, to keep the sheep herded into one place.

One of the more interesting posts on this forum.

Somebody pointed out to me a while ago that a major skill of the various alphabet organizations was their ability to find and finance companies who did the work for them (like Google, Facebook, Amazon, etc).

It let the talented people do the work, and keep them far enough away for "plausible deniability."

P.S. I just bought your "Natural Language Processing From First Principles" Udemy course - looking forward to it.
 

MJ DeMarco

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No, unless a lot of things change.

Attempting to kill one head of the snake, just leaves the other two to kill you.

This was posted in another thread...

 

mr4ffe

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RASA911216

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Dec 8, 2017
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What problem do you plan to solve with blockchain technology? There are better ways to build a decentralized/unfederated social network, since there's no need for all metadata to be available to everyone when we aren't talking about monetary transactions. Look at ActivityPub - and look at what can be improved with the current solutions, like the Fediverse!
Just thought it may be useful to trade tokens like Discussions is doing and get users to enter trading markets so it could be like a second layer of the social network dedicated to business transactions between organizations.

Also the blockchain helps prevent issues like post deletion so it could be an attractive solution to people so worried about censorship. Nonetheless Discussions uses a semi-anonymous focus on account creation so I thought there is a niche for people that want to make real legal trade in their profiles (which would also discourage illegal activities as everything of that would be public both on the blockchain and in the site so all legal issues would go to the person rather than the company) and not have to contend with configuration issues.

People already make their life public on Facebook and Tik Tok, and they're not even directly paid to do so. So I wondered if adding more direct payment channels would be an attractive option to make them join too.

As much as I like the Fediverse, given the issues Gab had means it can still be easily controlled and I wouldn't want my project just being taken over or blocked from the network. So thought maybe decentralizing it would solve that pain point too.

Mind you I'm not an expert on social networks, just wondered if it was possible to compete with the big alphabet corps even if on a niche.
 

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