BitClout founder ‘Diamondhands’ reveals himself and explains why social media as we know it is dead

Or consider Twitter CEO Jack Dorsey’s plan, announced in late 2019, “to develop an open and decentralized standard for social media” — one in which Twitter as we know it would be a mere client. Dorsey said that he saw potential in spreading out responsibility for moderation, recommendation and other processes that were becoming unwieldy under the c... See more

It’s an almost unthinkable reversal from Meta’s extremely lucrative walled-garden strategy, which it has employed for its entire history as a company. But Mosseri told me that decentralization is the future of social networks — even if it means that someday a disgruntled Threads user will be able to take the following they build in the app to anoth... See more

"Like Bitcoin, BitClout is a fully open-source project and there is no company behind it--it’s just coins and code". For something relating to people's identities, there SHOULD be responsibility there. There is a place for decentralization, but it is not with other people’s non-anonymous identities.