Wednesday, 12 June 2019

We need a Bitcoin Cash social media platform.

Here is how we could/should do it. Everything stored on IPFS. The hashes of all interactions can be stored on the blockchain. The costs of putting hashes on the blockchain can be transferred to advertisers, for cheap advertising (with an opt-out of ads option if you decide to pay for your actions on the chain). And everything can be built using TOR. The perfect triad of cypherpunk functionality: Blockchain, IPFS, and Tor.

We could give this an advantage over other social media sites with some extra utility by doing something simple. Allow for news feeds to be interoperable with other social media sites. Here's what i mean. Post a link to a Facebook profile, a YouTube channel, a twitter or reddit account, anything. This social media site could automatically include updates from these third party sites and put it in your news feed. You probably couldn't interact with them directly, but you could possibly view, at least some of these different sites. Maybe even businesses running email lists could be built into your news feed. We could also give this site groups and pages kinda like Facebook has, and make it attractive by making it a hub for cheap advertising. We could also attract users by paying them, either in a SLP token that gives them potential rights of governance over the site, or even with straight Bitcoin Cash left over from what advertisers pay out. Or both. And with a strong built in tipping mechanism, this site could be perfect.

I think a decentralized social media site could give great utility to bitcoin cash, and it could help unify libertarians and social/political outcasts that these big tech companies are censoring. With these added utilities and advantages, we coukd bring everyone back together under one roof, and possibly never have to worry about censorship again so long BCH exists.

What's your thoughts on an idea like this? I kinda just threw it together on the spot.

submitted by /u/FTB31-Bitcoin
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source https://www.reddit.com/r/btc/comments/bzjirn/we_need_a_bitcoin_cash_social_media_platform/

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