This is a call to arms for ambitious founders and builders who want to make lasting changes to social media the DeSo way. With DeSo, your identity, profiles, content, and social graph are 100% on-chain, fostering a censorship-resistant layer where the community can moderate at scale instead of a centralized gatekeeper. This is only possible on the DeSo blockchain, which offers novel monetization features, including creator coins, NFTs, tokens, tipping, etc. This concept introduces the idea of ‘community as an asset,’ where users and moderators can directly own and monetize their content, transitioning from mere respect and clout to tangible rewards. Imagine an on-chain Reddit where users hold full control over their content and cannot be censored or banned at the protocol level. As trust in mainstream media and corporations falters, people are gravitating towards platforms that grant them autonomy over their content and social graph, much like owning Bitcoin does with money.” They are indicative of a new paradigm in how creators and users interact with social media. “But we don’t need to give all of that value to some of the largest companies in the world for free.”ĭeSo’s founder, Nader Al-Naji, reflected on the recent dissatisfaction with Reddit: “These protests represent a broader societal shift. Reddit CEO Steve Huffman revealed an interest in capitalizing on the platform’s wealth of data: “The Reddit corpus of data is really valuable,” he commented. This price hike for their API has forced existing third-party developers to shut down as maintaining their applications becomes impossible.Īs Reddit prepares to go public, it is paving the way for fresh products and its in-house developer platform. This move provoked a series of 48-hour subreddit blackouts in protest. Reddit recently sparked controversy within its community following a decision to limit API access. This unprecedented opportunity arises amid escalating discontent with centralized social media platforms, which monopolize content and data. Tout ça, sans changer ta façon habituelle de t'informer sur Cointribune.Los Angeles, California, July 6th, 2023, ChainwireĭeSo, the leading layer-1 blockchain for decentralizing social media, has issued a groundbreaking challenge: a $1 million bounty for visionary founders capable of building a decentralized competitor to Reddit using its infinite-state blockchain. Le concept est simple : tu participes à des activités sur Cointribune - des quizz, des sondages, tu lis nos articles - et pour chaque action, tu gagnes des points.Įnsuite, tu peux échanger ces points contre des produits sympas de Cointribune ou de nos partenaires.Ĭ'est un peu notre manière de te dire merci pour ton engagement. Ça y est ? Alors, c'est parti je t'explique tout ! If you want to skip our detailed analysis of these. Le programme de fidélité est activé sur ton compte.12 min read In this article, we discuss the 10 best cryptocurrencies to invest in according to Reddit.Les cookies de Cointribune sont acceptés.En avant pour cette aventure inédite, où être le premier a ses récompenses ! Et en plus, c'est gratuit !Īvant de commencer notre aventure, assure-toi de remplir ces trois conditions : Rejoins notre programme de fidélité exclusifīienvenue dans notre tout nouveau programme de fidélité ! Si tu es ici, c'est que tu aimes être early sur les projets. But by wielding so much power, won’t these stablecoin issuers scare off those who favor decentralization? By freezing funds based on suspicions of unconfirmed hacking, Tether and Circle are attempting to protect their investors. Several days have already passed since suspicious fund movements began on Multichain. No reason for me to hold stablecoins over a long period of time.” “Stablecoins are not only unstable, but also heavily censored, as we can see here. In a Reddit community, an investor reacts precisely by saying: The latter point to the fact that Tether is a centralized stablecoin and the danger associated with this centralization. While some, including the Fantom Foundation, appreciate Tether’s responsiveness, others criticize the blocking. It’s not yet certain whether we’re in the presence of a flaw exploitation to steal funds. These seem to be the best proposals at the moment. Secondly, Multichain said it was aware of the anomalous behavior and was investigating. How to deal with the Fantom hack?įirstly, the Fantom Foundation announced on Friday that Circle had frozen three addresses containing $60 million worth of USDC on Ethereum. It could be the fault of amateur hackers who just wanted to prove to themselves that they could hack the Fantom Bridge. Yet this is what often happens when this type of attack is executed. Strangely enough, not all the tokens in the bridge were taken, nor were the assets sold. We’re talking here about almost all of the project’s wBTC, USDC and USDT. The cybercrime attacked Multichain’s Fantom bridge, enabling the perpetrators to move nearly $130 million.
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