@Free thanks for reply.
One thing that’s rarely discussed here are business models.
I am proposing a new business model – the Self-Sovereign Identity Based Business Model (SSIBBM). On this business model Validbook is going to be built. More here - Validbook - a universal platform for cooperation.
SSIBBM in a nutshell: create money based on Self-Sovereign Identity, take part of that money to develop human-centric cooperation services.
SSIBBM logic:
- Create service that will allow people to create SSIs
- Create service that allows SSI to prove that it uniquely represents a human individual
- Create Kudos (tokens with daily supply 1 token per 1 living human (7.5B KDS/day in 2018; 11.3B KDS/day in 2118)
- Distribute all Kudos, between SSIs that proved to uniquely represent human individual only - thus create huge continuous incentive for people to participate in Kudos distribution and support Kudos value. In this way
solving common killer of “big ideas”: the chicken-egg problem. - Use part of the Kudos to support development and maintenance of the set of core global human-centric cooperation services, for example human-centric Social Networking Service.
I think the best bet to knock out Facebook would be a radical change in technology, which is why I’ve been trying to find new Technologies, protocols and standards for a better future Web that would decentralise apps and make them modular, and let people maintain all of their own data among other things.
I will have to disagree with this statement in a part. There is a confusion. The root cause of the issues is Attention Based Business Model, not the fact that Facebook is hosted on centralized servers. Wikipedia is served using conventional centralized technology, and it works perfectly. Centralization is a secondary issue. We have to look how to fix the root cause first, and then into decentralization, that can make service more reliable. Decentralizing Facebook, without redesign of its functionality, is not going to achieve much.
…the best bet to knock out Facebook would be a radical change in technology…
I agree with this part of a statement in a sense that we can use a new technology of Self-Sovereign Identity to create new business model, fix root cause of the issues >> create “better” social network.