Applauding Web 2.0: Twitter Thinks They Did Something With The Bitcoin Wallet

in LeoFinance3 years ago

You must have heard or seen the news about the new Twitter update that will enable bitcoin tipping on Twitter. This means that users can tip whoever they want to tip using bitcoin. Lots of people are excited and happy about it but this is still not considered progress in my opinion. This is a different part of Web 2.0, no changes were made. Twitter is still centralized and users still don’t own their contents. What the Twitter users are jubilating and considering an improvement is what hive has been doing for more than 3 years.

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Hive is also a social media platform where you can socialize make post and get likes. But this time the likes you earn have value.Hive is way better because while you tip(curate) others, you also earn in the process. But on twitter’s case it’s a one sided case. What do you benefit in tipping other users, aside the feeling of giving, you don’t benefit anything. But on hive you get both the feeling of giving and also receiving. On Hive for you to have the power to curate( which Twitter is calling tipping ) you need to power your Hive. You get 3% interest in powering your hive and make approximately 10% or more in curating(Twitter’s tipping). So it’s a big major win-win situation using Hive.

Hive is a blockchain social media platform so you literally own your contents when you post them, but you don’t have that freedom with Twitter. So celebrating Twitter for this bitcoin tipping upgrade still makes no difference. Web 2.0 is still applauded.

Twitter will also enable users authenticate their NFTs ownership, this will come in the form of a badge. But guess worst, with your Hive account, you can buy, sell and mint NFTs in the NFTSHOWROOM. I guess Twitter is crypto technologically behind compared to Hive. These are features we have on Hive already, this just shows you how usable the Hive’s blockchain is.

We all know that this new Twitter feature is a way the Bitcoin maximalist are pushing their bitcoin agenda. Because if Jack Dorsey truly cares about web freedom and decentralization, he will make it more like hive or better still encourage the use of Hive instead of shadow banning it on Twitter. source

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