Tuesday, September 25, 2018

Social Media

Social networking sites that serve hundreds of millions of not paying users can only exist because of advertising. The next generation of massively scaled social media sites/apps should self serve advertising that only accepts cryptocurrencies as payments and users should be given an option of paying a reasonable monthly fee to not see advertising. Users that create content on the site should be rewarded at least 90% of the net profits from advertising. Minimum royalty laws should exist. This sort of next generation of social media sites/apps should be able to function as an alternative to Reddit, Facebook, Instagram, Snapchat, LinkedIn, Twitter, YouTube, and so forth. The platform should ideally be open source and as greatly decentralized as possible.