Over the past 15 years or so, social media has gained tremendous traction.
Eric Yang, founder and executive director of Junto - a nonprofit decentralized social media startup - sees three main issues with the current landscape.
Essentially, profit drives said social media entities as their actions impact investors' pockets, Yang explained.
Looking out for themselves instead of users, these social media giants maintain their digital platforms with such profit tactics in mind, while playing on customers' psychological weaknesses, Yang posited.
At present, social media businesses wield significant power.
Summing up the three main issues he sees in social media, Yang noted: "The first one is really a business-model problem and then that influences the second one, which is the harmful user experience design, which shapes the type of digital culture we see." He added, "The third one would be the centralization of the technology and information."
Many startups have arisen over the years, boasting alternative decentralized social media options, such as YouTube alternate DTube.
The Junto Foundation oversees the social media platform.
App, with help from Telos, for example, essentially records users' information from current social media platforms via blockchain.
Some people will be kind and some others won't be, but there are things that you can do to shift that culture along the more positive end of the spectrum and that's why we've been really focused on redesigning the fundamentals of a lot of the user experience that we're used to on social media.
Social media problems and solutions: 'Centralization is not sustainable'
Veröffentlicht auf Nov 15, 2020
by Cointele | Veröffentlicht auf Coinage
Coinage
Erwähnt in diesem Artikel
Neueste Nachrichten
Alle ansehen
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.