The REALITY on the Crypto Social Media Platforms... Beware and Be Aware!

in #cryptocurrency5 years ago

We all know how many people are struggling to earn using cryptocurrency. In this case, I will be straightforward and I will not hold my mouth for the benefit of all. Perhaps, when I say this fact, a lot of Whales will react or they will ignore this because they are big man here in this platform! But I think let's share this fact about social media platform and let them think about it.

THE CRYPTO SOCIAL MEDIA PLATFORM


The Crypto Social Media platform was made by the smart people with a good knowledge about blockchain. If you will put yourself in a person who built this platform, what do you think they are thinking and their feelings while doing this Social Media Platform base on Blockchain?

In my humble opinion, there is 2 way of thinking while building this platform which is two people are involved; the owner and the IT programmer. Let me elaborate straight in a simple way without beating around the bush!

The Steemit.com

Steemit is the first social network built on the steem blockchain and a centralized rewards platform for publishers to monetize content and the growing of the community. Before I jump to the reality let's talk about @dan and who is he.

Dan Larimer, as far as I know, is the CO-Founder of steemit, INC and its CTO until March 2017. @dan is the main architect of the steem blockchain and the STEEM cryptocurrency that we are using right now, he was so smart. Do you know that he is also the CEO of Cryptonomex, Inc? Cryptonomex is a blockchain technology consulting company founded with his father Stan Larimer. Let me discuss that later but for now, let me jump to the reality.

The Reality

Here all the people is like a family, they advise and they help. But wait! Those who help each other are only those who have great power to vote! I am not jealous but I am a concern to the platform I love. The users of Discord, FB Messenger, Telegram etc. are very friendly like me, not knowing whether the people they speak is true/real or false. But for me, I don't care, as long that I am a true person to all and I will do my part to this community.

The multiple-accounts users made alliances to vote among themselves even their comments. Here are the most dangerous users who want always be the first and wants to dominate to all but not helping the others and the platform where they invest. Stay away from them! Hate is very big.

For the right users: All this users is deserve to be respected for day-to-day work for their wonderful post especially for the other whales who help this community. I cannot identify you individually because you know who you are. Most users of a Steemit jump to the other platform like WEKU, whaleshares, etc. because of no one notice or appreciate their works and they want to earn also and help others.

I'm very sad when I see postings that have no meaning even a lesson with just image and in the trend with very high votes and some votes being given by those with multiple accounts. It was nice to see the users with simple blogs with low voters who still post and not giving up.

The whaleshares.io

Do you familiar with BitShares? Stan Larimer is the founder of decentralized exchange BitShares and the Invictus Innovations. He has originated the idea of the DAC or known as “Decentralized Autonomous Company”.

If you are asking what is BitShares? Let me summarize. BitShares is a network, a bank, a ledger, a company, software, exchange, currency etc and @dan asserts that it's even a country. It was not easy for most people to grasp the concept. It is probably an invention 11 years ahead of its time but judging from the Coinmarketcap today, people are beginning to understand now. BitShares is based upon many of the same principles as Ethereum’s. The DAO is an object that provides an abstract interface to some type of database that provides some specific data operations without exposing details of the database.

After Dan successfully built the Steem blockchain, he moved onto his next project, the EOS. For more info about @dan, just click here...

The Reality

Whaleshares is a platform created by @officialfuzzy and it is a new DAC (Decentralized Autonomous Cooperative) called whaleshare.io. August 15, 2018, the platform start. The whaleshares.io is different from steemit and it is not blogging alone but sharing your rewards with other people or friends that have interest with you and this is what I like to the platform. But here goes what is really happened, the reality.

I will not mention the name and you know who you are. As the community is growing we can not monitor who is new inside. I suggest to participate and join any events or contest inside or after your introduction, click the FEED and you will see the TAGS. Find which one is your interest and read their article and write a comment what you understand or what you like to his/her blog. In that way, we can recognize you with your comment and your introduction.

People like me is not innocent what's going on inside and I know there are multiple accounts that belong to one person but that was fine and no big issue. He/she can vote his/her self to generate income but I wish he/she can help also others for the community. If I have the Whaleshares Power, expect that I will help you, even it will drain my Whaleshares Power for the benefits of all for the community.

The Smoke.io

DISCLAIMER

Smoke.io is a social network and ecosystem tailored for the CANNABIS community and powered by the Delegated Proof of Stake (DPoS) blockchain and SMOKE is the coin that powers it. Smoke.io has launched allowing the public to take ownership of the network.

Smoke.io is a pioneering social media application for the CANNABIS community designed to reward users for their participation on a blockchain-based social network. The rewards are self-funding and the blockchain and all data is decentralized and owned by its users. It features an incentivized, distributed open source blockchain inspired by Dan Larimer’s ideas on an Autonomous Mutual Aid Society [BYTEMASTER 2015] and is powered by a Delegated Proof of Stake consensus protocol.

Rewards are issued to users who make a meaningful contribution to the community through posting original content and through curating and upvoting high-quality content.

Unlike other popular social networks, Smoke.io is not controlled by a central authority. There is no single person that can modify the rules or governance of the application, or censor any users from accessing the application. The network is instead owned by all users and token holders in a distributed manner. This creates an incentive for all users to help grow the network together and rewards the users that provide the most value for their contributions.

CENSORSHIP

Cannabis-related content is often censored and/or removed without warning on popular social media platforms. Many users have reported having Facebook pages with tens of thousand followers being shut down without warning [VICE 2017] simply for posting Cannabis related content. Even legal cannabis businesses are often targeted [CNBC 2017] with some even having their pages shut down multiple times in the same year [CNET 2018]. This creates an environment where cannabis users and businesses are constantly at risk of losing their social influence [ADWEEK 2018] due to interference from anticannabis advocates. Cannabis content can often be flagged and users can lose their groups consisting of thousands of passionate followers.

CENSORSHIP RESISTANT

Smoke Network is a decentralized and virtually immutable blockchain based social network that offers cannabis users full resistance to censorship by governments and institutions. This creates an environment where cannabis content producers can safely post high-quality content and build a loyal base of followers without the risk of losing their hard work on the whims of a bureaucratic organization. Because of smoke.io runs on a decentralized delegated proof of stake blockchain, anyone is free to post and view any content they wish, without censorship. Front-end DApps running on the blockchain such as Smoke.io have some control over the content they display, but they have no control over the actual data. This data is stored safely on the blockchain and can never be lost as long as there are active participants running the network.

The Reality

Smoke.io has no difference from other social crypto and to my observation, there are multiple accounts also and I will not mention who are they. If you want votes from them better to make a blog about CANNABIS or any herbal plants. You need to explain the benefits it brings to people. But do not worry, a lot of people is doing good in Smoke.io by changing the story of CANNABIS in the other way. Like, there is a food contest, photography, and many more so that the platform can run stable and can be used by other people.

Smoke.io can not be run as the talk is about only CANNABIS, it needs to be replaced by other discussions. Otherwise, the community or the website will fall and not be lifted. Like the other social media crypto, interact with each other are important.

The Sapien.network

Sapien is a highly customizable, democratized social news platform capable of rewarding millions of content creators and curators without any centralized intermediaries. Sapien is powered by an ERC20 compliant cryptocurrency called SPN. The Sapien network will rapidly evolve to include a marketplace, various integrations, and third-party applications. Sapien is a Web 3.0 social news platform that gives users control of their data, rewards content creators, and fights fake news.

The Reality

What I like on this platform is very simple to use and its coins are constantly rising even if you do not make blogs too much. And the beautiful in SAPIENS, it is connected to ETH and ERC20. Until now SAPIEN is in beta and continues to adjust for better use. Do not neglect it because its currency is already in Coinmarketcap.


This the only Social Media Crypto platform that I am using and trust right now. You are welcome to join. Sorry for the deals.weku.io you are not yet included to my option while the currency is not yet in the market. I don't want to waste my time in anything that has no value, but I will use you while waiting. (^_^)

And to cast your votes, click here!


Logo inspired from @papa-pepper


SteemPH banner by @deveerei

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Good coverage, though there were some vague points around the whaleshares story that left me wondering who/what you might be talking about.

Also, another one for your list is scorum.com - the sports oriented chain based on the same basic chain code as the rest in the list, I think.

I would like to include SCORUM but I am not yet inside. The response to my email is too slow.

For the safety, I will not include name LOL... They know who they are.

Dami na ngaung social media crypto 😅
Pero d2 prin aq sa steemit for a very special reason 😇

Yup! Dami na... But steemit is the mother of all crypto social.

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wonderful presentation, very details and wonderful knowledge shere with us. love your style. God bless you friend.

Thanks! (^_^)

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