Facebook is slowly dying - Help kill it quicker!
View this post on Hive: Facebook is slowly dying - Help kill it quicker!
In mid-February 2020 Justin Sun acquired the shares in Steemit Inc and proceeded centralise the blockchain under his control, improperly using Steemit's founders stake (intended for development and decentralisation of the blockchain) and tricking exchanges into initially supporting his power grab.
After extensive efforts to resolve the dispute failed, the community revolted and formed a new, fully decentralised blockchain - Hive - without the pernicious influence of Justin Sun and his minions.
Because of Open Source licensing, Hive was legally able to duplicate all the code and content on Steem.
The vast majority of the community and decentralised applications and projects moved to Hive and Hive was listed on many cryptocurrency exchanges without having to pay the normal listing fees.
On 19 May 2020, a Steem hard fork (0.23) designed to steal the Steem from 65 accounts associated with creating Hive became public.
My position on this hard fork can be found here: https://peakd.com/hf23/@brianoflondon/letter-to-exchanges-do-not-run-steem-hard-fork-23-hf-0-23-0
This was the final straw for my involvement with Steem.
I will now post exclusively on Hive at https://peakd.com/@apshamilton/posts
All my old Steem content can also be found on Hive.
Here is an excellent analysis by Lou Kerner of why Facebook is slowly dying.
Hint: User engagement has been declining for 5 straight quarters now.
Also all their growth is outside the wealthy economies where the advertising revenue is.
There are losing valuable, wealthy first world consumers and gaining people who are far less valuable to advertisers.
However, they remain one of the most dangerously powerful monopolies the world has ever seen and they continue to destroy freedom, privacy, innovation and progress.
Censorship, privacy breaches, anti-competitive behaviour. The scandals never end!
They need to be killed off more quickly and their value transferred to the new decentralised, free internet embodied by blockchains, cryptocurrency and distributed applications (DApps), with Steem at its forefront.
This is what the Crypto Class Action is designed to do.
I hate Facebook
To think until not too long ago I used to share so much of my travels and experience there. No longer. May it RIP.
Glad you are doing it on Steem now.
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I've just explored a new list of social media networks with crypto: at Ade's Crypto Press :)
The trend continues despite them now trying to preach encryption and privacy! They are now trying to promote payments withba new product! It seems that they have fallen behind; I am glad and cannot wait to see the shift towards decentralized options!
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Facebook is dead to me.
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Hi @apshamilton!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.744 which ranks you at #1633 across all Steem accounts.
Your rank has improved 10 places in the last three days (old rank 1643).
In our last Algorithmic Curation Round, consisting of 230 contributions, your post is ranked at #16.
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