5 ms·

how is bitcoin going to replace facebook exactly?

by JustAnotherPat 9y ago

unfunco 9y ago
Where did you read this?
- boffinism 9y ago
  I believe they're referring to: "the other crypto bans (Facebook ads [...] etc.) remind me of [...] old regimes afraid of [...] competition that aims to remove/replace them"
aldoushuxley001 9y ago
With social networks where the users own their data.
- duskwuff 9y ago
  Cryptocurrencies are not social networks. Cryptocurrencies will not replace social networks.
  - krrrh 9y ago
    And cryptocurrencies do not prohibit people from buying and selling others people’s data.
drharby 9y ago
You didn't read the post correctly
- blattimwind 9y ago
  Did you mean: you're holding the post wrong?
  - drharby 9y ago
    Maybe - never heard that vernacular
andirk 9y ago
Let's entertain the question with our best answer: If Facebook works because we spend the most valuable asset we have to offer which is our finite human life, then what does that have to do with bitcoin? We spend our life and we spend our money, so if one platform is based on ad revenue from our attention and the other platform is based on revenue from our trading of goods, then there may be a parallel where everything has a value even if it is not as tangible as heavy, cold, dirty gold. Whether a "social" network or a "store of value" network, both of these examples exist because we are obsessed with being connected to one another. One could say that a big difference is that Bitcoin nodes don't usually share baby pics and Facebook posts don't usually parody wire transfers, but really both could easily do both. At their guts, Facebook and Bitcoin are based on normal computers that have the knowledge and power to create streams of data from me to you. So, do we need a third party or can we handle it ourselves? Disclaimer: I have some of my ETH in cryptokitties https://www.cryptokitties.co/ https://www.cryptokitties.co/ which is a crypto platform for trading kitten pics on the Ethereum network with an exact fiat currency equivalent. I can wire transfer you my kitten within minutes, value and all, but I won't. She's too cute.

how is bitcoin going to replace facebook exactly?

unfunco 9y ago

Where did you read this?

boffinism 9y ago
I believe they're referring to: "the other crypto bans (Facebook ads [...] etc.) remind me of [...] old regimes afraid of [...] competition that aims to remove/replace them"

aldoushuxley001 9y ago

With social networks where the users own their data.

duskwuff 9y ago
Cryptocurrencies are not social networks. Cryptocurrencies will not replace social networks.
- krrrh 9y ago
  And cryptocurrencies do not prohibit people from buying and selling others people’s data.

drharby 9y ago

You didn't read the post correctly

blattimwind 9y ago
Did you mean: you're holding the post wrong?
- drharby 9y ago
  Maybe - never heard that vernacular

andirk 9y ago

Let's entertain the question with our best answer: If Facebook works because we spend the most valuable asset we have to offer which is our finite human life, then what does that have to do with bitcoin? We spend our life and we spend our money, so if one platform is based on ad revenue from our attention and the other platform is based on revenue from our trading of goods, then there may be a parallel where everything has a value even if it is not as tangible as heavy, cold, dirty gold. Whether a "social" network or a "store of value" network, both of these examples exist because we are obsessed with being connected to one another. One could say that a big difference is that Bitcoin nodes don't usually share baby pics and Facebook posts don't usually parody wire transfers, but really both could easily do both. At their guts, Facebook and Bitcoin are based on normal computers that have the knowledge and power to create streams of data from me to you. So, do we need a third party or can we handle it ourselves? Disclaimer: I have some of my ETH in cryptokitties https://www.cryptokitties.co/ https://www.cryptokitties.co/ which is a crypto platform for trading kitten pics on the Ethereum network with an exact fiat currency equivalent. I can wire transfer you my kitten within minutes, value and all, but I won't. She's too cute.