There was an article that discussed Twitter decentralizing. I put it in quotes since it is not really doing that. What happened was Twitter released a new version of its API. This allows for third party developers to access features they were previously blocked from.
In this video I discuss how the lip service that is being paid is more important than the actual move. Decentralization is becoming more of a thought process for individuals.
Here is the article that was discussed in the video:
https://decrypt.co/38675/twitter-api-developers-ahead-decentralization-push
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BEER.Decentralized is just another buzzword for those guys.
We spend our weeks defending the small businesses compete with national chains. I could claim we were decentralizing retail sales by that logic!
I do love the fact that they saw the centralized stigma and felt the need to battle back against the blockchains.
Baby steps toward early majority adoption.
Summary:
In this video, Task discusses Twitter's recent API update known as V2 and the concept of decentralization in social media. He questions whether Twitter, a centralized platform, will move towards true decentralization under Jack Dorsey's leadership. Task explains the challenges social media platforms face due to liability concerns that hinder complete decentralization. He contrasts the centralized nature of platforms like Twitter and Facebook with decentralized networks like Bitcoin and Ethereum. He delves into the advantages and prospects of decentralized systems across various industries beyond social media, like gaming, finance, and banking. Task emphasizes the inevitability of a shift towards decentralized entities, highlighting the limitations and vulnerabilities of centralized systems. He draws parallels to the decline of powerful industries like tobacco companies, suggesting a similar fate for centralized tech giants.
Detailed Article:
Task delves into Twitter's recent move to revamp its API, known as V2, which allows third-party developers access to features like polls that were previously restricted. Despite this update, he points out that Twitter remains centrally controlled, raising questions about founder Jack Dorsey's commitment to decentralization. Task notes Dorsey's advocacy for Bitcoin and open-source initiatives but highlights the conflicting demands as CEO of a publicly traded company answerable to Wall Street. Task speculates that while Twitter may evolve to grant developers more autonomy, a true decentralized model like Bitcoin where user accounts are untouchable might not be feasible for platforms like Twitter or Facebook due to liability concerns.
The discussion transitions to the contrasting nature of centralized and decentralized systems, where centralized platforms like Twitter are vulnerable to legal actions and regulatory scrutiny, unlike decentralized networks such as Bitcoin and Ethereum. Task explains the technical aspects of decentralized systems like proof-of-stake (PoS) and how they mitigate centralized control. He underscores the increasing relevance of decentralization not just in social media but also across diverse sectors like gaming, finance, banking, and real estate.
Drawing on historical examples, Task predicts a paradigm shift towards decentralized systems, likening the potential decline of centralized social media giants to industries like tobacco that faced sudden downfall due to changing political climates. He emphasizes the competitive edge of decentralized models over centralized entities, debunking the notion that established tech companies like Facebook or Twitter will withstand the rise of decentralized alternatives.
In conclusion, Task highlights the transformative potential of decentralized technologies, advocating for a gradual shift away from centralized entities across various industries. He encourages viewers to recognize the growing importance of decentralization and the limitations of centralized platforms, leaving them with a thought-provoking perspective on the future trajectory of social media and other sectors.