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With all the recent revelations and confrontations about corruption, censorship and manipulation of the established social networks there is no doubt that savvy entrepreneurs see a chance to disrupt this business.
The value proposition to users is easy to make – why keep using the likes of Facebook or Reddit where other people have absolute control over what you are allowed to express and only they profit from your content, and not switch to a new social media platform? And what better technology to power such a new system than the distributed ledger – blockchain.
Indeed we have seen a number of new ventures aiming for this space, ... (read more)