As we have all seen over the last several years your social media is controlled by large corporations. On these platforms, you have the freedom of speech as long as it falls within their guidelines.
Who Controls and Owns Your Content
These large corporations control your content. They use your controlled content to make money from ads. They can’t upset their income by allowing you to say what you believe. If it goes against the social media sponsors that provide the operating income you will be shut down fast.
That’s right. They have control of everything. They own you. They own your content. They know where you live. They know what you search for on the web.
What Happens When You Get Kicked From Centralized Social Media
Imagine spending all those years building up your social media network to wake up one day and all is lost? You Friends, Family, and Worst Yet, all of the memories that are shared and stored on a platform owned by a large corporation.
Now that all of that is gone what do you do? Do you just abandon the thought of having connections with your friends and family? Do you start all over again on a new platform and try to reconnect with everyone? Start with new memories? Forget the past?
This is the problem with most Social Media platforms out there now. So why not begin the switch now?
Introducing Decentralized Social Media on the Block Chain
DeSo, Decentralized Social, stores your identity, posts, and memories on the blockchain. The DeSo identity is used to sign in to Social Media Apps, websites, stores, and other various programs.
DeSo is just over 6 months old so it is just getting started good and I am impressed with what I have seen over the last 60 days that I have been on the platform.
More About DeSo
I have several other posts on the site that you can read here DeSo – Crypto Bite. I will also give you a little more insight in this post.
When you create your identity you will get a seed phrase for your passcode. Keep this stored in a safe place and don’t lose it.
If you use one of my links you will get $25 of free $DeSo to start your journey after KYC verification.
You will want to purchase some of your own coins. Let’s go with $5 unless you plan to bring more money instead of free testing. You can keep your FR, founders reward, at 100% for now if you think you may want to buy some more after you try it out.
I would also suggest at least $1 worth of @CryptoBite and $1 worth of @TheCharlieBrown.
Keep some in your account because every action will cost money. Usually thousands of a cent.
Surf around, meet some new friends, have fun, and post away. Feel free to follow Cryptobite and TheCharlieBrown and ask questions along the way. I will do my best to help you out.
Are you still waiting? Join here and get your free $25.
Argentine Crypto Exchange Lemon Sheds Roughly 100 Jobs, Citing Challenging Industry Conditions
Lemon had planned to deploy almost the entire amount on its expansion in Brazil. Given the current context, its move into the South American country will be “more strategic and niche,” Cavazzoli said. The exchange put plans to expand into Chile, Colombia, Ecuador, Peru and Uruguay by the end of 2022 on the back burner.
It’s time for crypto fans to stop supporting cults of personality
Many of the centralized cryptocurrency platforms that collapsed this year had something in common: a young, outspoken and cocky leader. Each gained outsized influence not by virtue of outsized intellect or talent but because of their piles of money and large Twitter followings. And each time, misplaced trust in their abilities resulted in disastrous consequences.
If crypto wants to avoid similar catastrophes in the future, it’s time for us to rearrange our leadership priorities. We need to ditch the cults of personality.
The theater of crypto on Twitter
Before FTX collapsed, founder Sam Bankman-Fried (SBF) had garnered a reputation as one of the loudest voices in the industry. He was active in the political world and frequently commented on what was happening in Web3.
But perhaps most notable was his active involvement in a myriad of Twitter feuds and spectacles. SBF first stepped into the spotlight as the successor of SushiSwap after Chef Nomi abruptly abandoned the project — a drama that played out almost entirely on Twitter’s public stage. His ensuing Twitter antics, combined with the image of unstoppable success that FTX was broadcasting far and wide, gained him more than a million followers.
But even as SBF’s influence grew, it seemed he just couldn’t resist shitposting, regularly engaging with other Twitter users who threw stones.
Indeed, SBF’s penchant for Twitter drama played an important role in exposing FTX’s insolvency. It was his recent spat with CZ that ultimately led to the run on FTX’s deposits. His attention-grabbing antics carried on through the current ordeal, culminating in a bizarre series of cryptic tweets.
The loudest voices in the room
While SBF is the latest example of an industry figure whose highly public Twitter presence led to a highly public downfall, he certainly isn’t the first. Do Kwon and Su Zu, who were both at the center of monumental collapses earlier this year, were also notorious trolls. Do Kwon infamously sent an arrogant series of tweets just before Terra’s downfall, while Su Zhu’s infamously elusive comments during the 2021 bull run didn’t age well, either.
At our company offsite this week with all the drama happening. Debating who is the bigger villain in crypto:
a) Do Kwon – $58b loss from UST & LUNA
b) SBF – $10b missing deposits in FTX
c) Su Zhu – $3.5b loss from borrowers
d) Alex Mashinsky – $2.8b missing deposits in Celsius
— Bobby Ong (@bobbyong) November 10, 2022
But, the leaders of failed platforms aren’t the only ones guilty of social media braggadocio. Binance’s CZ, after all, was just as guilty as SBF of engaging in their public Twitter feud earlier this month. Digital Currency Group’s Barry Silbert, who has been at the center of alarm related to the FTX fallout, has also garnered a reputation as a shitposter.
There are many, many more tweeters who have used online spectacle and trolling as a means of controlling the industry conversation. Think Ben Armstrong (aka “Bitboy”) and Jim Cramer, to name just a couple more. There’s a small army of them. And, even though many are purged in each bear market, their successors are increasingly turning into powerhouses too vocal and influential to ignore in the space.
Jim Cramer said that he sold all of his crypto.
Then he blamed @APompliano for “putting him in” BlockFi.
So he… lied?
Now he’s on a crusade to blame anyone he can find for his own bad decisions, even “digital finance people,” which is literally a made up term. https://t.co/NTojFohvFQ
— The Wolf Of All Streets (@scottmelker) November 18, 2022
We need to end the cults of personality
So what’s the solution? How can we better identify this personality type and use this recognition to avoid future pain?
Instead of focusing on building cults of personality, the crypto community needs to focus on platforms and leaders building products that use web3 primitives to solve problems in a manner that’s orders of magnitude better than anything we’ve experienced before. The crypto community needs to stop listening to the loudest voices in the room and start listening to the wiser, more experienced ones — even if they are sometimes quieter. And by the same token, we need builders with experience in creating real value for users to speak up more.
Ultimately, the answer lies with us and with the people that we, as an industry, choose to lionize. We need to learn how to identify and support builders building transparent, secure, high-quality applications and decentralized applications — regardless of how many followers they have.
Corey Wilton is the co-founder and CEO of Mirai Labs, the international gaming studio behind Pegaxy. A renowned speaker and play-to-earn thought leader, he began his first company within crypto in 2018, a customer support service designed to assist cryptocurrency companies with their customer service.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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