Post
Topic
Board Project Development
Merits 4 from 1 user
Topic OP
Decentralised social media
by
Stevieb777
on 22/06/2021, 22:37:30 UTC
⭐ Merited by LoyceV (4)
Hi All,

I’m performing a market analysis exercise and wondered what you guys think about decentralised versions of the large social media platforms such as Facebook, Twitter, WhatsApp, Instagram and others.

Today we have large corporations controlling the social media world who appear on the surface to provide “free” platforms that keep us all connected. Under the surface of course, it’s not free at all. The large corporations fund themselves by selling advertising space in our news feeds, therefore exploiting the users of the platforms as potential customers for those advertisers willing to pay the highest price. Others will sell our data to other organisations who might want to market to us and even more sinisterly perhaps sell quite detailed information about us that is used to sway the way we might vote in an election for political gain.

So using the large social media platforms does come at a cost albeit not a direct cost that is always immediately obvious.

My question to the forum is with a decentralised social media platform that is not owned by a large corporation, how much would one be prepared to pay to use it, knowing that your privacy, security and autonomy is protected.

Would you be prepared for example to pay £1/$1/1euro per month knowing that there are no adverts and no onward selling of your personal data?

Conversely, does anyone care, as long as the service is “free”?

I’d be interested in your thoughts/opinion?

Kind regards

Steve