The concept of decentralized social platforms has been gaining traction in recent years, with the goal of shifting the power and control back to the users. One such platform that aims to achieve this is DeSo, which is the first blockchain custom built for social applications. The traditional social media landscape is dominated by a few major companies that have exclusive access to user data. This control allows them to curate feeds, develop new features, and monetize content that is not even created by them. This centralized approach restricts innovation and limits the choices available to users.

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Hatched by Glasp

Sep 12, 2023

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The concept of decentralized social platforms has been gaining traction in recent years, with the goal of shifting the power and control back to the users. One such platform that aims to achieve this is DeSo, which is the first blockchain custom built for social applications. The traditional social media landscape is dominated by a few major companies that have exclusive access to user data. This control allows them to curate feeds, develop new features, and monetize content that is not even created by them. This centralized approach restricts innovation and limits the choices available to users.

DeSo takes a different approach by storing all data on the blockchain, making it publicly accessible. This means that anyone can build a competitive social app without having to establish a massive user base or control over data. The platform focuses on empowering users by allowing them to have instant access to their friends list, profile picture, and tokens. By doing so, DeSo aims to kickstart social innovation by enabling a collaborative approach to building applications that can benefit the entire world.

When it comes to building an online presence, there are various strategies that individuals and businesses can adopt. Justin Kan, an experienced entrepreneur, highlights the importance of focusing on product development and building in private. This approach allows for more freedom and flexibility, as one can avoid being trapped by the demands of a rapidly growing business. However, Kan also acknowledges that there is a tradeoff between blogging on personal websites, community sites, or microblogging on social media platforms.

Starting with blogging on a community site can provide a balance between ownership and discoverability. Community sites like Medium, Dev.to, or Hashnode offer a larger audience and social features, making it easier for content to be discovered and shared. This initial exposure can help individuals to establish themselves and build a following. However, as one's presence grows, it becomes essential to transition to their own website to have more control and ownership over their content and audience.

Interestingly, once an individual or business has established their presence and gained success, there is a shift in perspective. The focus shifts towards wanting the industry to be more regulated to make it harder for newer startups to replicate their success. This desire for regulation stems from the need to maintain a competitive advantage and draw clear lines on compliance with the law. Instead of constantly making tradeoffs on behalf of all stakeholders, having clear regulations allows for a more structured and predictable environment.

In conclusion, the rise of decentralized social platforms like DeSo presents a promising alternative to the current centralized social media landscape. By storing data on the blockchain, these platforms aim to empower users and foster innovation on a global scale. When it comes to building an online presence, starting with a community site can provide the initial exposure needed to establish oneself. However, as success is achieved, transitioning to one's own website allows for more control and ownership. Lastly, as success stories emerge, the desire for regulation becomes apparent, as it helps maintain a competitive advantage and provides clarity in compliance. By understanding these dynamics, individuals and businesses can navigate the evolving social media landscape more effectively.

Actionable advice:

  1. Start by blogging on a community site to gain initial exposure and build a following. Leverage the discoverability and social features offered by these platforms.
  2. As your presence grows, consider transitioning to your own website to have more control and ownership over your content and audience.
  3. Recognize the importance of regulations in maintaining a competitive advantage. Advocate for industry regulations to protect your success and draw clear lines on compliance with the law.

By implementing these strategies, individuals and businesses can position themselves for success in the dynamic world of decentralized social platforms.

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