Blockchain and Traditional Social Media Comparison

Blockchain and Traditional Social Media Comparison

By Teodor | MyCryptoCollectibles | 28 May 2020


I am dreaming to see one day a social media platform based on blockchain that will replace old platforms domination and come with something friendlier, nice and useful for many people around the world! 

Until now, I see Publish0x and Uptrennd growing very fast. However, the development Teams still have to perform lot of work to make it general accepted by traditional platform users. There are some features on these traditional platform that are not easy and affordable to be implemented, but I hope these new crypto based platforms will grow so much and one day it will be possible to improve it and make it very user friendly, by taking care much more about UI and UX. 

What the new blockchain social media platforms really need is to be seen by some interested crypto venture capitalists and angel investors, as it happened with Minds.com some years ago, and get some financing to improve the platforms. 

Let’s take a not very comprehensive look at few of the BSMPs (Blockchain Social Media Platforms) and the traditional ones. This research was made fast by myself and if there are some mistakes please help to correct them. Thanks! 

Note: There are NO referral links attached to any of the platforms described below. I only put some links to my profiles, just in case you want to pay a visit there. 

Publish0x

https://www.publish0x.com/ 

Launched in: 2018

Number of users = > 100,000, in May, 2020

Goal: A crypto powered blogging platform

Tokens/Coins: BAT, LPR, DAI. 

Downvoting or Unlike Feature: Yes

Uptrennd.com

https://www.uptrennd.com/

Launched in: January 2019 

Number of users, May, 28, 2020 = 113,000 members 

Goal: A New-Era Social Media Platform, created with the sole purpose of empowering the people.
Differentiation from other platforms: the 4 foundational pillars: Freedom of Speech, Data Security, Equality of Opportunity and Distribution of Wealth. 

Token you get: points to be transformed in 1UP token

CMC Rank (28.05.2020): 895

Value (02.17.2020) = 0.00000065 BTC; $0,005964

Downvoting or Unlike Feature: Yes

 

Minds.com

https://www.minds.com/

Launched in: 2015, by Bill and John Ottman

Number of users = 1.25 million registered (August 2018, claimed); 105,000 (active, March 2018)

Goal: A place to have open conversations and bring people together; free your mind and get paid for creating content, driving traffic and referring friends. 

Token/Coin: ETH

Downvoting or Unlike: Yes

 

Steem 

https://steem.com/

Launched in: 2016, by Ned Scott and Daniel Larimer

Number of users = over 1,237,000 unique accounts registered on the Steem blockchain

Goal: A social blockchain that grows communities and makes immediate revenue streams possible for users by rewarding them for sharing content. 

Token: STEEM  

CMC Rank: 74 

Value (28.05.2020): $0,206985 

Downvoting or Unlike: NO

 

Hive

https://hive.io/

Launched in: March 20, 2020 

Number of users = over 1,237,000 unique accounts registered on the Steem blockchain

Goal: Hive is a social media blockchain that was created on March 20, 2020 with hardfork 23 of the STEEM blockchain. 

Token: HIVE

CMC Rank: 70 

Value (28.05.2020): $0,273684

 

Medium

https://medium.com/ 

Launched in: 2012, by Evan Williams

Number of users = About 60 million monthly visitors in 2016 (according to US blogs)

Goal: Social journalism with a hybrid collection of amateur and professional people and publications

Token: NO

Downvoting or Unlike: NO

 

LinkedIn

https://www.linkedin.com/in/teodor-m-muntean/ 

Launched in: 2002 

Number of users = 660 million users in more than 200 countries and territories across the globe (LinkedIn, 2019)

Goal: To allow registered members to establish and document networks of people they know and trust professionally. 

Token: NO

Downvoting or Unlike: NO

 

Facebook

https://www.facebook.com/ 

Launched in: 2004, by Mark Zuckerberg and other students

Number of users = 2.50 billion monthly active users (as of December 2019)

Goal: Social media of everything and advertising. 

Token: Libra 

Rank/Value of Libra: No data

Downvoting or Unlike: NO

 

Twitter

https://twitter.com/teomuntean

Launched in: 2006, by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams

Number of users = 321 million active users (February 2019)

Goal: Micro blogging and social networking service

Downvoting or Unlike: NO

 

One important aspect I’ve noted, regarding down voting feature, all professional platforms that have respect for members and for themselves, do not have downvoting feature, which is a kind of subjectivity related to human beings, as Jesus Christ told once in the history: “He that is without sin among you, let him first cast a stone at her!” So, how can an unqualified person judge the articles written by someone who is professional? That is illogical. Even qualified judges have put in prison and killed millions of innocent people! However, each platform creator has his subjective reasons to keep this feature on the platform, but those who are professional will change this, after realizing how bad is for their platform’s reputation. 

As for Publish0x Community, it would be nice if you make an effort and go to https://www.trustpilot.com/review/www.publish0x.com and post there some thoughts about this platform of the future! 

Sources researched: 

Each described platform, Wikipedia, Trustpilot.com, plus statistics search through Ecosia search engine. 

Header image source: Pixabay License, Free for commercial use, No attribution required.


Teodor
Teodor

Family man, entrepreneur, blockchain enthusiast, robotics, sustainable construction and real estate business owner since 1989.


MyCryptoCollectibles
MyCryptoCollectibles

Besides investing time with my family and in the faith in God, my diversified investment portfolio includes: real estate, passive income on real estate blockchain platforms, crypto HODL, staking, masternodes, crypto trade, and crypto collectibles!

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