What If Facebook Were A Decentralized Social Network?

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Jon Evans posted his musings on the Blockchain. One of the interesting points related to Facebook: what if it were a decentralized blockchain based network?

  • In theory money could be returned to the users. However even if half of all revenues were returned, each person would still only get $1 a month.
  • And that’s just revenue – there are very real costs that lower the profit.
  • It’s possible that the funding could be channeled so that profiles that are more active, or produce more content, receive more funds.
  • But making those types of decisions – and giving the network flexibility – would be difficult as the Bitcoin-Bitcoin Cash fork has shown.
  • All of this should serve as a reality check to the sky high valuations given to ICOs today.

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