How You Get Paid On A Blockchain-Based Facebook with Amith Nirgunarthy
“It’s only a matter of time before all Facebook’s features and functionality get written on the blockchain, so instead of Facebook making billions a year, we as the users make money.” - Amith Nirgunarthy
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Facebook is worth $350 billion.
And all of its information is ours. We upload our most personal life details, photos and statuses, to the platform, for which Facebook can then turn around and sells the data to ad-buyers. In the future, when a blockchain-based Facebook enters the market, we the users will be compensated for our contribution to the network.
On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Amith Nirgunarthy, the Founder and CEO of the cryptocurrency research institution Blockstreet, to discuss this possibility. Amith is also the former Director of Marketing of Bitcoin IRA, and he specializes in understanding all things cryptocurrency. Tune in to learn his insights on how social networks will connect with blockchain technology.
And don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
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Points to Keep In Mind
- The biggest threat to cryptocurrency is quantum computing, the ability to break code
- Dash is an anonymity-based coin, has a very active code and community
- In India, developers are flocking to Eos for the code efficiency
- There are less politics in Eos than Ethereum
- Right now, it is near impossible to hack a private key
- Trezor over Ledger because it’s easier to set up
- Go to Bitcoin Talk Forum to see Satoshi Nakamoto's original posts
- Any coin you invest in, join the Telegram group
- A blockchain technology (like Steem) would eliminate Facebook’s ability to profit off the people’s information; instead the people would be paid for their info