Steemit Crypto Academy | Season 2: Week5 || Steemit Decentralized social media,Centralization and Decentralization social media

First I wish to appreciate Professor
@yousafharoonkhan for this week's incredible lecture, I am happy participating.
Below are my views and answers to your questions.

Question no 1 :
Write the definition of Decentralized and Centralized Social Media Platforms in your own words.Explain in your own words the difference between decentralization and centralization Social Media Platforms (answer should related Social Media Platforms .

DECENTRALIZED SOCIAL MEDIA PLATFORMS
These are social media platforms that are invented, maintained and updated by the inventors while every account owner or subscriber in such platform have full control over his account, that is without the intervention of any one.

Some examples of such platforms includes: Steemit, Hive, Gnusocial, Mastodon etc.

CENTRALIZED SOCIAL MEDIA PLATFORMS
This is a type of social media platform which are invented and fully controlled by a central body or the inventors themselves.

Therefore this platform permits users to have a restricted control to their account due to the rules and injunctions placed by the owners of the platform which every user must abide to, and on the other hand the breaking of these rules will lead to a the blocking of a users account even without permission.

Some examples of these platforms includes: Twitter, Facebook, WhatsApp telegram etc

DIFFERENCES BETWEEN DECENTRALIZED AND CENTRALIZED SOCIAL MEDIA PLATFORMS

1.OWNERSHIP AND MANAGEMENT:
In decentralized social platforms , the inventors are really the owners while every account holder has full control of his account without the restriction of any body in what he/she wishes to do with his account.

On the other hand in centralized social platforms it is also owned managed and absolutely controlled by the inventors or owners, as a user of such platform can be shut-out of the system without being notified.

2.ERNINGS AND REMUNERATION
In most decentralized social media platforms, users are being remunerated for providing certain information through writing and some other means.

While in centralized social media platforms, no body pays you for providing any information, unless your information gets to a third party who needs it. For instance Mark Zecurberg pays no account holder on Facebook for writing and posting.

3.SECURITY:
I strongly believe that a reasonable level of security in a business can sustain it to any height and years it could stay.

So therefore, decentralized social media platforms has a higher level of security sice everyone is absolutely in charge of his account except on grounds of carefree disposition of one's keys and passwords.

But in centralized social media platforms, there is a very minimal level of confidentiality in it's security level which makes it vulnerable to hackers, for instance I have seen people's Facebook account hacked even without the the owner disclosing his keys and passwords to the hacker.

This is really what that made decentralized social media platforms better than centralized ones.

4.ORIGINALITY AND QUALITY CONTENT:
Really in decentralized social media platforms, users really give in their best to create good and quality content, since they are being remunerated for their engagements in those media's.

While in centralized social media platforms, users can post any funny thing that they like despite the level of regulation of their engagement in those platforms, although these is done because Mark Zecurberg (facebook owner) pays no account holder on Facebook for either creating good or malignant post on Facebook.

5.SCRUTINY AND REGULATIONS
Since accounts on decentralized social media platforms are managed by their owners, it makes it difficult to be regulated by any one else except the owner itself.

But on the contrary centralized social media platforms are high regulated, and besides a user can be banned or bollocked for going against the rule in those platforms since everyone's account is absolutely on check.

Question no 2 :
Which One is The Future of Social media ? Decentralized or centralized Social media.

I strongly believe that the future of social media is the decentralized social platform with my following views:

1.HIGH LEVEL OF SECURITY:
We know that everyone in business is really out either to creat profit, wealth or fame. And no one will like his intention in business to be tampered.

Now for this reason because of the high level of security in decentralized social media platforms which are not found in centralized medias, it will give rise to people using it for business and also in gaining what ever information they wish to get.

2.REMUNERATIVE PURPOSE:
Since most decentralized social medias are built in a way it's participants can make some earnings out of it, it will therefore boost the morality of people engaging it.

For instance we know that there are informations on platforms like Facebook , but we rather give and get them on steemit as to make some earnings than giving it on Facebook and afterwards you get nothing for giving out those information.

With these and more concept, I strongly believe that the decentralized social media platforms is the future of social medias

Question no 3 :
How steemit decentralization social media is best than Twitter and Facebook.

On this regard, here are my views for which steemit still remains the best amongst Twitter and Facebook;

1.REWARDS:
We all knows that no body is payed by the inventors of Facebook and Twitter for giving out any information despite the level of information you are disposing rather you can easily be banned for violation a simple rule that guides their platform.

But on Steemit the case is different, you earn for any reasonable information you are able to dispose to the public and besides no one ban or blocked your account for violating any rules rather you can be down voted for for certain misconduct in the platform.

2.ABSOLUTE ACCOUNT OWNERSHIP:
On Facebook and Twitter you don't have absolute ownership of your account as it is under surveillance by those that created it.

But on Steemit, you have absolute control of your account so long as you have your private keys secured with you.

3.SECURITY: On Twitter and Facebook your account can easily be hacked even without you giving out and vital information that can lead to the vulnerability of your account, because it is a centralized social platform

But on Steemit, the security of your account is greatly assured as far as you still have your keys intact. On the other hand, since the platform is decentralized, it authenticates your account to be highly secured.

Question no 4 :
What do you say? How do Steemit social media change the lives of millions of its users?

Really the steemit social media platforms has greatly impacted lives through the following ways:

1.CONSTANT FINANCIAL EMPOWERMENT:
No one would be in a business that has no financial impact in his life and on this ground steemit has payed millions of it users even their future salaries and even a future savings.

2.REDUCTION IN REGIONAL AND GLOBAL UNEMPLOYMENT:
I strongly believe that steemit has reduced the level of unemployment in the world level and for instance in my country Nigeria where the unemployment rate is stipulated at 32.5, although our engagement in steemit is not accounted for but I strongly believe that it has reduced our unemployment rate because of our participation in the platform although being a decentralized social platform.

3.REDUCTION IN POVERTY LEVEL
Although it is accounted by world Bank that persons who leaves beloved 1.9dollar value a day are really poor.
Steemit on this regard has lifted millions out of the poverty line as it's participants now live above 13.3dollar every week, this is a great improvement in the phase of human existence.

4.REDUCTION IN DEPENDENCY LEVEL:
It is quite true that Steemit has given a greater opportunity to its serious users as it has caused many dependent persons to become independent despite whom they have been depending on in previous years.

Question no 5 :
How can we make money with Steemit's decentralized social media.

Ok we can make money through the following ways on steemit:

1.BY POSTING GOOD AND QUALITY CONTENT
This is actually a good way to make a reasonable income on Steemit, when we write quality and educative or informative post on Steemit it draws the attention of curators to give some credible vote on such post.

Although most times people's posts are compensated based on their consistency making posts.

2.THROUGH ENGAGING IN STEEM POWER-UP (HELD ON THE 1ST OF EVERY MONTH)
This very action helps people to earn some money on steemit, it usually hosted on the 1st day of every month.
During this contest people do buy STEEM and enroll for the contest and after the contest winners are delegated some reasonable amount of STEEM and SBD which they use in voting.

This also is an encouraging medium to earn money from steemit.

3.THROUGH VOTING ON PEOPLE'S POSTS
This is a reward system on steemit called curation reward.
It is also a reasonable means of making money on steemit, when you vote on peoples posts you will be remunerated when that post pays out in Seven days time and it is advisable to have some reasonable amount of Steem power in possession in order to earn high when the post pays out.

4.VALIDATING BLOCKS
although this means of earnings is basically for Steem witness, they are given some steems for validating blocks in the steemit ecosystem.

5.STEEM DELEGATION AND JOINING TRIALS
This is also another means of earnings some tokens on steem.
This measure allows you to earn when you delegate a portion of your Steem to some curators while they vote you earn and the same thing is applicable to joining trails.

In trails you earn as you give your proxy to curators, that's is you give people the opportunity to vote on your behalf while you earn from their voting because you may not have the opportunity to go through all communities to cast vote, but joining in trails will permits you to vote and earn even when you don't actually know when the vote was casted.

Question no 6 :
How to create communities on Steemit social media ( practicle step by step ) & Promote your homework post on two social media ,twitter and facebook.

The following are the procedures on how to create a community on Steemit

1.I login to my blog and then click on Community and it opens

2.I click on one of the communities, let's use crypto-academy for instance on the white box positioned at the left side of my API

3.I click on explore communities and it opens

4.I click on create a community, then it pops up my wallet.

5.As it opens, I now fill the title of my community and and what it is all about. Then i click on next. For instance the name of the community i want to create is called "Great minds" and it is all about lives and purposes

6.At this point ,the system automatically generates a password for me and i click on "create community"

7.At this page i now click on "ok" to confirm the creation of my community

8.Here i have to enter my user name and my private password, so that the system can take their 3steem charges and after it I click on "sign in"

This is actually how to create a community on Steemit.

CONCLUSION
Really decentralized social platforms are of great benefit and has changed the phase of life's and businesses bit on the other hand, centralized social platforms are still important as it is still a medium for promoting vital information to millions of people. Thanks for going through.

Cc:@yousafharoonkhan