Cardano Co-founder Calls for Emphasis on Web3 Social Platforms Instead of Centralized Models
The co-founder of Cardano, Charles Hoskinson, recently expressed his support for the development of web3 social media platforms as an alternative to centralized platforms. During an Ask Me Anything (AMA) session with his followers, Hoskinson discussed various topics, including politics and cryptocurrencies.
In response to a question about the fickleness of Twitter and potential alternatives like Bluesky, Hoskinson stated that he is done with centralized social media due to the risks involved. He acknowledged Elon Musk’s commitment to free speech but highlighted the dangers of relying on one person or company for control.
Hoskinson Advocates for Free AI Companies
Hoskinson pointed out that platforms like Meta and YouTube are unsustainable for free speech due to their centralization. He also mentioned the concerns governments have about the influence of technology companies, particularly in politics.
Although decentralized social platforms offer a solution, Hoskinson admitted that his team lacks the time and resources to prioritize their development. However, they plan to address this in the future by publishing papers on foundational concerns, user experiences, and management.
Crypto Users Support Web3 Platforms
Centralized social media has faced criticism for its lack of freedoms and privacy concerns. In response, digital asset users have shown their preference for decentralized institutions. Platforms like Farcaster provide an ad-free environment where users can engage with content by gifting tokens.
These web3 platforms give users greater control over their data and governance mechanisms, eliminating the need for centralized bodies. Ethereum co-founder Vitalik Buterin praised Farcaster as a viable alternative to Twitter.
Hot Take: Prioritizing Web3 Social Platforms for a More Decentralized Future
Charles Hoskinson’s call for the development of web3 social platforms highlights the need to move away from centralized models. By embracing decentralized alternatives, users can enjoy greater freedom of speech and control over their data. While challenges exist, such as spam, the growing support for platforms like Farcaster demonstrates the demand for a more user-centric and sustainable social media landscape. As crypto enthusiasts, it is important to advocate for the adoption and advancement of web3 platforms to shape a decentralized future.
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