Unveiling Voice

Mark your calendars: February 14, 2020. While couples might be exchanging roses and chocolates, tech enthusiasts will be eagerly awaiting the beta launch of Voice, the social media platform birthed by EOS creator Block.One. This announcement was cheerfully unveiled in a blog post on December 5, indicating their commitment to share updates with their users as development progresses. So, whether you’re single or taken, you’ll definitely want to see what this platform has in store.

The Beta Test Buzz

Voice claims it has already amassed thousands of eager beta testers ready and waiting to shake things up. But don’t let the excitement fool you; the platform has admitted that it is grappling with regulatory uncertainties as it works in tandem with regulators to ensure everything is above board. It’s like wanting to throw a party but ensuring your neighbors don’t mind the noise!

What Makes Voice Stand Out?

In a world filled with social media giants, what’s the catch here? Voice promises something fresh: a platform that “cycles value” back to its users through its own token system. This is a stark contrast to the existing platforms, which often appear to be more concerned about profit than preventing data misuse.

• Problem-solving: Voice aims to resolve issues prevalent in traditional social networks, such as data auctioneering and elusive algorithms.
• Fairness: The platform asserts it operates where what benefits the platform also benefits its users.

The Current State of Social Media

Voice is addressing a critical issue: social media, as we know it, is deeply flawed. Dan Larimer, the CTO of Block.One, captures the essence of this in a rather sobering way:

“Social media is broken. Designed to use us, our data and attention is harvested into trillion dollar profits.”

He elaborates on the dark side of current social platforms, including the downsides of excessive data profiling, identity theft, and, let’s not forget, cyberbullying. Who would’ve thought that exchanging memes could lead to such mayhem?

The Blockchain Solution

Interestingly, Larimer suggests that blockchain technology might be the hero we didn’t know we needed, presenting a potential remedy to misinformation that runs rampant on social media. This tech-savvy notion isn’t just a passing trend; it’s gaining traction.

In October, reports of an ambitious project spearheaded by a Yale professor and a Goldman Sachs veteran to create a blockchain-based rival to Facebook emerged. If it’s successful, it could mark the dawn of a new era, proving that social media can promote transparency and trust instead of data exploitation.