Bloomberg: Block.one’s Launching An EOS-Based Crypto Social Network

THELOGICALINDIAN - Over the accomplished anniversary EOS has been on an complete breach ambulatory by 40 in seven canicule time as best added crypto assets accept stagnated But why Well for months now Blockone the Cayman Islandsbased aggregation abaft the protocols development and consecutive accessible auction has been touting that article big is advancing on June 1st

No, what’s advancing is not winter. Rather, Block.one’s has been declared to be a amusing media arrangement based on the EOS blockchain. Despite the actuality that these rumors went counterfeit for a aeon of time, Bloomberg afresh accepted that the blockchain aggregation is attractive to battling the amusing media incumbents with a decentralized solution.

Making Social Media Crypto-Friendly

In the contempo article, which cited a columnist release, Bloomberg acclaimed that Block.one will anon be ablution Voice. The adventure is declared to be an EOS-based ecosystem that allows users to post, share, and advance content, with anniversary activity and alternation purportedly advised to be registered on the basal blockchain. On the amount of why such a activity is needed, Block.one’s arch controlling remarked:

“The accuracy is, accepted amusing media platforms are advised to use their users. It’s the platform, not the user, that reaps the reward.”

Indeed, accepted platforms are meant to defended abstracts from the user, giving annihilation but account — and arguably a baneful one — at that in return. Phil Chen, the arch of HTC’s blockchain and crypto (EXODUS) division, bankrupt bottomward issues with the accepted applications of the web today in an account with NewsBTC.

He told us that there’s acutely article amiss with the Internet today, as abounding “don’t own their crypto assets or abstracts or identity”. Chen calls this affair “fundamentally wrong”, explaining:

“If there’s a absolute character that is you — things that you’ve created, attributes or characteristics that call you — that you don’t own, there’s article absolutely wrong, abnormally because we are this far into the advice age, and there’s no abstraction of agenda acreage — what is yours, what is mine. So the way we are trading these baby conveniences in barter for these micro invasions of privacy, and what is your agenda acreage has above ramifications to abounding things, alike to democracy.”

According to a German newspaper, Handelsblatt, Voice is attractive to accouterment this problem. Citing “financial insiders”, the advertisement claimed that this new EOS-based belvedere will acquiesce for users to be compensated for interacting with added Voice users, and will act as a adversary to both Facebook and Instagram. On the amount of data, Dan Larimer, the arch technology administrator of Block.one, has claimed in the accomplished that this belvedere will not aggregate data, nor advertise abstracts to advertisers like Facebook.

As of the time of autograph this piece, EOS is up 1.52% in the accomplished 24 hours, award itself at $8.12 a piece.

Skeptics Wary Of EOS News

In animosity of this news, which would acutely access EOS’ adoption, some accept been agnostic of the accessible product. Crypto banker and analyst Loomdart jokes that Block.one is finer rebuilding Steemit, a crypto blogging and agreeable administration network, on EOS.

The funny affair is, Larimer is one of the minds abaft Steemit, not ambience the best antecedent for Voice. Of course, Voice is not meant to be Steemit, but some are appropriately alert of crypto-enabled amusing networks.

As Delphi Digital’s Tom Shaughnessy added explains, “Block.one is at it afresh attractive to tack on a use case for EOS which is already altogether addressed by Twitter.” But there’s a kicker, the abstracts on Voice will all be affected to the whims of EOS’ block producers, according to Shaughnessy anyway.

Better tweet
After already founding a BC amusing media armpit (@steemit) @bytemaster7's Block One is at it afresh attractive to tack on a use case for EOS which is already altogether addressed by Twitter
Kicker – all abstracts congenital on top of EOS is at the whim of 15 of 21 block producers https://t.co/WTyu0PK4fS
— Tom Shaughnessy ?☀️ (@Shaughnessy119) May 31, 2019

What additionally has some afraid is the actuality that blockchain-based/crypto-enabled amusing media platforms accept already had agitation accepting traction. Per previous reports from this outlet, Steemit backward aftermost year appear that it would be acid 70% of its employees, citation the “weakness of the cryptocurrency market, the authorization allotment on our automatic affairs of STEEM diminishing, and the growing costs of active abounding Steem nodes.” Let’s achievement Voice doesn’t accept a agnate fate.

Featured Image from Shutterstock. Chart Courtesy of TradingView.com