David is being tong-in-cheek, but I do believe distributing ownership is one of the best ways to crush monopolies like Facebook, GrubHub, etc., platforms where the user makes the product. An area where blockchains can be truly disruptive.https://twitter.com/iowahawkblog/status/1126522447157780481 …
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Replying to @obstaclecap
Not sure if blockchains work for this. 1. Blockchains require proof-of-work 2. Proof-of-work is computationally expensive, which means that the network will be slow and expensive 3. That doesn't work for social media There needs to be a change, don't know what though.
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Replying to @Molson_Hart
Good points. Perhaps it could use proof of stake instead. But anyways, no need to host it on blockchains -as you point out it's not efficient. Rather, use blockchains where they shine, as ledgers. Just an easy way to distribute shares that works on a global scale.
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Replying to @obstaclecap
Don't know enough about pos to have an opinion. I'd need to be think about the best way to do it.
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Replying to @Molson_Hart @obstaclecap
You know what's be interesting? If they used client side transaction processing. Like imagine if, as you were on Facebook, your computer would be processing whatever shit is needed to run the site.
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Replying to @Molson_Hart
It's a cool idea and I would hope someone somewhere is trying to make this happen. Like, you could create a YouTube competitor by using distributed hard drives of users + bandwidth, etc. Already happens with Torrents, it just needs a better front end.
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The thing about this stuff is that it may never be created because of the weak profit incentive. Someone approached me with a distributed coop marketplace. Unless you break with the mission, it's hard to make money. If you have the technical chops to do it, find another idea.
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