Hello guys, it is my humble pleasure particpating in this week's lecture and homework task posted by Prof @yousafharoonkhan on "Steemit Decentralized social media,Centralization and Decentralization social media". Without wasting much of our time, I would want to engage these questions head on.

Home Work Week 5

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 . (answer must be written in our words, copy paste or from other source copy will be not accepted).

Definition of Decentralized and Centralized Social Media Platforms

A Centralized Social media platform is a platform that is controlled by a central command unit which the user do not have any means of total authority to determine the lifespan of its account usage or what completely happens in there in future. In this kind of platform account users are restricted to express themselves freely in the platform due to set guidelines and restrictions saddled within and around it. For example, Just like in the case of the former United president of America_Donald Trump who was embarrassingly shut out of his Twitter and Facebook account during the heat of USA elections. This clearly showed us that, no matter your status in the world, you do not have a sole responsibility to determine what happens in your account. But in all, no matter the restrictions and sole commanding unit saddled with this platform, It has a good user friendly interface geared towards customer satisfaction. Examples of the centralized platforms include the Facebook, Twitter, Instagram , Youtube etc.

A Decentralized Social Media Platform on the other hand takes on the opposite case scenario of what is obtainable in the Centralized social media platform. Users of the decentralized social media platform are not confined to any form of sole authority in terms of usage. Account users in the decentralized social media platform have total and complete freedom to express themselves in the platform void of any fear of been clamped down. Users are seen to have a complete keys of all that are needed to own an account unlike what we see in the centralized platforms where users are only provided with login passwords. A typical example of the Decentralized social Media platform is the Steemit, we also have its function in the Dtube and Brave applications.

Difference between decentralization and centralization Social Media Platforms

• In the Decentralized social platform, users are not subject to any form of third party interference whereas there are third party interference or activities seen in the centralized social platform.
• In the Decentralized social platform there are no controlling or regulatory unit which suggest and alter the mode of communication and interaction amongst users but this is quite obtainable and obvious in the Centralized unit.
• There are several nodes available in the Decentralized social platform which controls the availability of networks which makes it rare and most times impossible for system failures, where as there are system failures and Network downtime seen in the centralized platforms. This issue is seen to cause dissatisfaction in most cases if not resolved timely and if frequent too.
• The Centralized social platforms are generally seen to have good and friendly interface interaction while logging in and during usage whereas in the Decentralized social Media platforms, there are complexity seen in using the decentralized platforms. The interface are difficult to navigate through and sometimes require some level of expertise before usage.
• Decentralized Social Media platforms are hardly hacked or comprised by hackers activities except when the keys are compromised whereas in the Centralized Social Media platform are prone to hackers activities due to the nature of its central serve operation.

Question no 2:
Which One is The Future of Social media ? Decentralized or centralized Social media.(answer must be written in own words)

DECENTRALIZED SOCIAL MEDIA PLATFORM

This is a very direct one here as seen from recent happenings. The centralized platform has since be seen to exist in decades without any form of incentives given back to its users unlike what is obtainable in the decentralized Social Media platforms were authors who produces the same original contents as seen in the centralized media platforms are rewarded if posted in the decentralized social media platform like the Steemit. That mode of incentivizing authors makes it a game changer for whoever who discovers this Decentralized platform.

Moreso, no user wants to be tamed and guarded while in a social media platform where he needs to be regulated and the fate of keeping his hard earned account is not guaranteed just as seen in the Centralized Social Media platform. This is unlikely for the decentralized platform where users are assured of their account for life with freedom of expression guaranteed at all times.

Decentralized system has made entry into a Social media platform very easy that there no protocols/KYC and forms of documentation required to join the team. This is not obtainable in the Centralized social media platform where users have to pass through the rigorous process of verification before on-boarding.

Question no 3 :
How steemit decentralization social media is best than Twitter and Facebook.(answer must be written in own words).

Steemit for me is a better social media platform than the Twitter and Facebook given to the security implication of owing an account with the latter. There are incessant hacks of account seen in Facebook and Twitter platforms where individual privacy are leaked and compromised without the owners consent. This is a no no for the decentralized platforms given to the different nodes/serves that play a major role in keeping all users in top form except when keys are leaked. Moreso, since the very first day of my involvement and use of the centralized platforms_ Facebook and Twitter, I have not received any form of incentive rather I spend to get sustained in the platform. Whereas I get rewarded for posting original contents in the Steemit social media.

Question no 4 :
What do you say? How do Steemit social media change the lives of millions of its users?(answer must be written in own words)

(SEEN IN CHANGE OF FINANCIAL STATUS & AN IMPROVEMENT IN KNOWLEDGE POWER)
Wow, this has been a life changing and game changer for me. It has continued to place me above my issues ordinarily I would not have found easy to execute with the confines of my previous financial level. Steemit has be financially enhancing not just for me but every active user who's doing the right thing.

Also is the improvement seen my ability to research and come up original and rich contents. It has really improved my research capabilities since I joined. Going through my thesis has already been made easier and the knowledge gained for the last 6 months in the community has been explicitly on a higher grounds.

Question no 5 :
How can we make money with Steemit's decentralized social media.(write your own experience)

There are three categorical ways of making money from steemit and they include the following;

• Curation Rewards: This simply meaning placing upvote on quality contents made in the community that are void of Plagiarism. The essence on emphasizing or putting plagiarism is that all plagiarized contents are downvoted and hence all curation made on such posts are gone and returns back to the reward pool. Every curator expects a 50% curation reward made on any post in the form of Steem Power or SBD or both, hence a veritable means of making money from steemit.
• Authors Rewards: Bloggers in the platform who posts original contents are usually seen to receive rewards for posts done. But let us remember that work done must be free from plagiarism to attract the curators who comes to upvote posts done in the community. For every original content posted in the community that receives upvotes gets a 50% author reward in the form of Steem power or Steem Backed Dollar (SBD) or both.
• Investment (Buying Steem Power): Buying Steem Power is the faster means of making money from Steemit social media. This enhances our curation value which I've already explained above and also helps us to make profits from price changes given to the everyday rise of steem value. For example, the worth of steem value as at when I joined in November was $0.152 and after 6months (MAY) is valued at $1.20. This is a clear profiteering mechanism seen in the price changes of native coin_Steem.

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 (just share link in comments area)

These are the steps required to create a steemit community:

• On the landing page, click on the icon "Steemit"
• From the drop-down , Click on the on "explore community community"
• Click on the create community
• On the next interface, input a name as the Title and also for Community description in the column for ABOUT
• Click on the Next icon to generate your Owners key/Password. It is important we copy and save this key very well.
• A message asking us to confirm cost of operation by paying 3steem. Click OK to confirm
• This process is authenticated by the use of any of your active/owner/master key.
• Then, the community is ready for start/use
• From the interface, community us set for online activities.

Conclusion
Thank you @yousafharoonkhan for this wonderful lecture. It is imperative that steemit is the next Social media generation given to its rewards system, security and flexibility seen in the use of accounts in the platform unlike what is obtainable in the centralized social media platforms.

Thank you all for reading through my post

Cc: @yousafharoonkhan