Opinion: For years, we've heard that blockchain-based social media platforms are possible. What's the hold up?
, we are too late on education and infrastructure to house the homeless Twitter outcasts. There is nothing left than to accept the easy, accessible Threads. But what exactly are we losing?Should you be able to be the same you, no matter what platform and provider you’re using?
Decentralized ID, or self-sovereign identity, is a form of identification or a digital profile. But in contrast to centralized accounts, the profiles, and related data, remain under users’ control. It’s like having a Google or Facebook account, using it to log into various applications and sites without being dependent on Google or Facebook as the sole providers and entities storing your data.
If Twitter and Threads used decentralized IDs, moving from one platform to another would be as easy as plugging your USB stick into a new laptop. But it isn’t like this. Why? Zuckerberg thrives on data sales. Twitter doesn’t monetize data to the same degree, but naturally, it does not want to give its data or users to a competitor.Self-sovereign identity means no data unless users consciously hand it to you. But most won’t do so without getting paid for the value they’re providing.
Should companies and influencers be forced to create placeholder Threads profiles as a precaution against imposters? In the Web2 world, yes. But had only Threads used self-sovereign identity, users could have easily verified whether the IDs used to create the new profiles were owned by companies and persons they claim to belong to.Another reason users are losing the Twitter and Threads battle is central authority.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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