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RE: Could Twitter Be Killed?

in #cryptocurrency6 years ago

Isn't this what Zapl was supposed to emulate? Although the suggestion to keep a one to one mailing of Twitter name to the new cryptotwitter is a good step in the adoption process. It would aid in existing influencers in bringing over the masses...

I think the biggest problem with adoption is still the private key. Most people lose or forget their passwords on a pretty regular basis, or store it somewhere pretty unsafe if they aren't trivial. The idea that you would be completely locked out of your account and funds is quite serious, and would likely be disturbingly common. Even worse if the cryptotwitter gains a critical mass and becomes the target of scammers and others with nasty intent.

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I was disappointed with the outcome of Zapl. The problem I think was that tweets were equated to other posts on steem and hence there was a difference of opinion regarding content size and rewards eligibility. A dedicated platform short size content might address that. May be an SMT for content on Steem that is less than 240 characters so that the actual steem reward pool is not touched will change the odds.

Steem has better private key management compared to other projects but is still complex for a normal user. Custody is coming to cryptocurrency and that might solve this problem as well.

Custody is the current holy grail! Not only would it solve the problem of account management for most people, but it will open the way for real investment from the larger funds. As I understand, they can't invest at the moment as there is no qualified custody solution at the moment, which would leave them exposed in a big way if anything went wrong.

Edit: one of the many holy grails! There is much to do better before mass adoption can happen...