FTX CEO Sam Bankman-Fried made statements about the various areas where blockchain technology can be applied. Especially his ideas about social media and bots were appreciated by users.
FTX CEO Bankman-Fried shared a post on Oct. twitter In his blog, he made examples of the use of blockchain technology in different fields.
blockchain payments, transfers, market structure and social media Thinking that it could trigger a big change in the world, Fried made intriguing statements.
Fried conveyed his ideas on blockchain and social media with the following statements:
With this blockchain-compatible platform idea, you would be able to use any platform and still be able to talk to all your friends on any platform. Your messages and network are yours: you can move and keep platforms. Every platform can make moderation decisions, so at least there is diversity of opinion.
Web3 and this idea, shaped by blockchain technology, can be detailed as follows. Blockchain Twitter Imagine that you are using all the posts, likes and comments posted on the network on that platform. to Instagram You will have a chance to carry it. A post that received a thousand likes on Instagram, You can move it to another account And those thousand likes will come with you.
According to Bankman-Fried, this is how blockchain-Twitter (BT) can work:
- You write the message on BT’s interface
- BT broadcasts the message on a public blockchain
- The messages and posts you write on BF are integrated with other blockchain infrastructure platforms.
At this point related to social media bots Referring to the problem, the CEO offers a solution to that issue as well:
In the meantime, one way to get rid of the bot problem: on-chain social media messages. Even a small transaction fee per message will deter bots.
To this thought of CEO Fried Ethereum (ETH) founder Vitalic Buterine He responded with a tweet:
Conditional burning would be better. the buyer’s burning you must have the right to enforce it, but if the recipient is happy with your message, it should not have any processing fees.
Stating that he agrees with Vitalik’s opinion, Bankman-Fried seems to continue to guide the community with his ideas at this point. A safer and more constructive social media built on blockchain will likely await users in the near future.