While Facebook’s CEO Mark Zuckerberg calmly responded to of questioning by members of Congress last week, security-conscious Facebook users found little comfort in his answers.
For starters, despite widespread media coverage of “shadow Facebook profiles”, first noted by , Zuckerberg claimed that he was “not familiar with them. Secondly, while Zuckerberg claimed that users have complete control over their data, he dodged questions by congressman Ben Luján who asked why the firm was “collecting data on people who are not even Facebook users”. Even users who signed up for the service are unlikely to have read the .
Fortunately, blockchain technology is coming the rescue and decentralized social networks are a great alternative for privacy-focused, security-conscious users who want better control over their data. If you are wary of Facebook and tired of it selling your data, here are five such decentralized social networks that you can try out today.
#1. Steemit
is a social media platform where everyone gets paid for creating content.
Users are paid depending on how much they get ‘upvoted’ by the community of users. Content creators and curators are paid with Steem, a cryptocurrency.
#2. Nexus
is a blockchain-based approach that aims to eliminate the invasion of privacy that large companies such as Facebook currently conduct.
Nexus is a decentralzied approach to social media sthat offers anonymity and can be helpful to anyone who values their privacy. As with Steemit, Nexus has it’s own altcoin to facilitate internal payments.
#3. Sola
brands itself as ‘next-gen’ because it uses decentralized node architecture. Instead of users having to rely on followers to spread information, Sola users AI algorithms to help users find content that they are interested in. Sola is a decentralized social network that will be appealing to privacy conscious users.
#4. Minds
is like a combination of Facebook, Twitter and YouTube. It has zero censorship and promotes freedom of speech.
Minds uses peer-to-peer advertising that enables you to monetize the content that you put out. Minds users can pay using cash, bitcoin or credit cards.
#5. Diaspora
Last but not least, there’s , one of the world’s most popular decentralized social networks. With over a million users to date, Diaspora’s developers never sell user data to corporations or bring ads onto the platform.
Diaspora is a popular alternative to Facebook as users retain 100 percent ownership of their data.
Conclusion
With over 2.2 billion active users per month, don’t expect Facebook’s dominance to end any time soon. However, as the ongoing Facebook/Cambridge Analytica scandal may just be the tip of the iceberg, it’s not unreasonable to assume that the trend towards decentralized social networks will gradually gain traction moving forward.
Originally published at .
After a successful pre-sale of LCS Cryptoshares that resulted in reaching soft-cap and raising $2.4M, the LocalCoinSwap ICO is now officially underway and will run until June 15.
Over the past two weeks, the development team along with LocalCoinSwap technical advisor (and Coinomi Wallet CEO) George Kiminios, have worked tirelessly to upgrade the integration of acceptable cryptocurrencies on our backend wallet systems.
We have now successfully implemented the following new currencies:
MoneroRippleEOSTronixTetherVeChainBinancePowerLedgerDecision TokenGolemWalton
All of these cryptocurrencies are now acceptable payment methods for LCS Cryptoshares. This is along with the original 6 choices (ETH, BTC, LTC, DASH, BCH and ETC), bringing the total number accepted cryptocurrencies to 17.
The most exciting part of this new integration however, is that due to the sophisticated development of the LCS wallet system, all of these coins are now tradable cryptocurrencies available for the launch of the LocalCoinSwap exchange in August — this is more than the 10 cryptocurrencies originally promised.
LocalCoinSwap would like to thank the team and advisors for their tireless efforts, along with the community for their ongoing support.
Together we are building a cryptocurrency exchange that is revolutionising the easibility and accessibility to cryptocurrencies worldwide.
was originally published in on Medium, where people are continuing the conversation by highlighting and responding to this story.
bitcoin staged a strong surge to $8450 recently and has since retreated from this run, signaling a potential correction to draw more buyers in. Applying the Fibonacci retracement tool on the latest swing low and high shows that the 61.8% level lines up with the former resistance and channel bottom around $7200-7400.
This is also close to the 200 SMA dynamic inflection point. The 100 SMA is above the longer-term 200 SMA to signal that the path of least resistance is to the upside or that the uptrend is more likely to resume than to reverse. Also, the gap between the moving averages continues to widen, reflecting stronger bullish momentum. The 100 SMA might also hold as dynamic support on this latest test as well.
Stochastic is pointing up to confirm that bullish momentum is in play. However, this oscillator is nearing overbought conditions to signal that buyers may be getting exhausted and willing to let sellers take over from here.
RSI is also pointing up and has more room to climb, hinting that bitcoin could be ready to revisit the swing high near the top of the channel or rally to new highs closer to $9000.
Traders are expecting another leg higher for bitcoin as the tax deadline is about to pass and investors could be ready to reopen their positions. Historically, Q2 has proved to be a positive quarter for bitcoin so market participants are likely to take advantage of this tendency.
It was also reported that Coinbase bought one of the biggest startups in the industry, former bitcoin mining operation 21 Inc. that is now Earn.com. This is a social network that gives users incentives to complete tasks in exchange for cryptocurrency rewards.
According to Earn.com:
“Earn has built a paid email product that is arguably one of the earliest practical blockchain applications to achieve meaningful traction. We will keep Earn’s business running because it’s showing a lot of promise and potential.”
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![Bitcoin [btc]: strongest reason for price rise is evolution of different players coming in, says erisx ceo](https://ohiobitcoin.com/storage/2019/05/MBGt54.jpg "Bitcoin [btc]: strongest reason for price rise is evolution of different players coming in, says erisx ceo")