week, Facebook announced that they will be keeping all their users
in happy little bubbles that won’t show them anything
controversial, thus ensuring an entire social media platform
devoted to pictures of what people are eating for dinner.
Illustrating just how unwelcome this change was, after Facebook
announced it’s changing the algorithm to focus on friends and
family while excluding news and information, the company saw a
near-instant drop of 4.4 percent—costing
Mark Zuckerberg nearly $3.3 billion.
post last Thursday night, Zuckerberg said that public
content from brands had inundated news feeds, overtaking posts
from personal connections. By the end of Friday, Facebook shares
were trading at $179.37, down more than 4.4 percent from
Thursday’s price of $187.77, according to a report in Newsweek.
and other public content have exploded on Facebook in the past
couple of years,” wrote Zuckerberg in his post. “Since there’s
more public content than posts from your friends and family, the
balance of what’s in News Feed has shifted away from the most
important thing Facebook can do—help us connect with each other.”
we roll this out, you’ll see less public content like posts from
businesses, brands, and media. And the public content you see more
will be held to the same standard—it should encourage meaningful
interactions between people.”
a nutshell, this new move by Facebook places each user in their
own bubble where they are assured to never receive anything that
challenges their worldview as a means to keep them happy.
this move may seem like a good idea to those who are easily
triggered by information that may help them understand the world
in a better light, it will inevitably create more divide in the
future by creating these groups who constantly reinforce the same
comfortable views fostering a phenomenon known as confirmation
bias or ‘myside bias’ is the tendency to search for, interpret,
favor, and recall information in a way that confirms one’s
preexisting beliefs or hypotheses. Placing everyone in their own
bubble will, in essence, create multiple bubbles of people
confirming over and over what could be an entirely skewed reality.
When they actually do interact with others who don’t share that
same skewed reality, the result could be disastrous.
algorithm shift goes directly against the idea of open-minded
thinking as paraphrased in this famous quote by Aristotle, “It is the
mark of an educated mind to be able to entertain a thought
without accepting it.”
is moving to condition people to think that all information is
happy and should never challenge their worldview. What could
possibly go wrong?
the future of social media may seem bleak on the side of Facebook,
there is also amazing news on the side of innovation and free
thought. To those who’ve been paying attention, they saw the
problem presented by so many people using a similar system that is
ultimately controlled by those who have an interest in mining your
data for profit, controlling the political narrative, and
essentially creating a personal database on billions of people,
the likes of which corrupt governments salivate over.
of trying to change the system of Facebook from within, several
individuals came together to build a new system—which showed the
obsolescence of the old. Thus, Steemit was born.
general concept of Steemit is similar to other blogging websites
or social news websites like Reddit, but the text content is saved
in a blockchain. Using a blockchain enables rewarding comments and
posts with secure tokens of value.
stated in the Steemit White
combines concepts from social media with lessons learned from
building cryptocurrencies and their communities. An important
key to inspiring participation in any community, currency
or free market economy is a fair accounting system that
consistently reflects each person’s contribution. Steem is the
first cryptocurrency that attempts to accurately and
transparently reward an unbounded number of individuals who make
subjective contributions to its community.
of becoming hubs for censorship and the centralization of power
and wealth like other social media platforms and make hundreds of
billions of dollars off content created by its users, Steemit
bucked the system. Instead of leeching off the wealth created by
user-generated content like Facebook does, Steemit returns most of
its value back to the users by rewarding them with
cryptocurrencies. As a result of this system, many people have
begun to sustain themselves from the value created entirely on
to the White Paper, the Steem community provides the following
services to its members:
A source of curated news and commentary.
2. A means to get high quality answers to personalized
3. A stable cryptocurrency pegged to the U.S. dollar.
4. Free payments.
5. Jobs providing above services to other members.
essence, Steemit creates an entire economy out of social media in
which everyone—not just the platform owners—benefit from the
creation of content. It is a beautiful model that is constantly
being improved and its future is bright.
you are not on Steemit, please consider checking it out and
joining in on the social media revolution. As the social media
dinosaurs continue to crack down on users, censor their
information, and create more division among humanity, Steemit is
doing the exact opposite. Check out TFTP
on Steemit today.