Here are some thoughts on the Twitter and Parler acquisitions and what it means for SoMee. I would love to get your perspective.
I'm not a technical guy, so I don't know if it's easy for these old web2 platforms to go crypto. I suspect it's not, but I'm really not a technical guy.
I know they have a LOT more resources than SoMee, but Facebook LIBRA coin never panned out to be anything. Not sure why, but when that was announced a lot of people said it would be game over for SoMee, and nothing happened.
IMO SoMee has three BIG selling points that set it apart from the old Social Media.
1) There is no centralized organization that sells your data (it's decentralized), and this aspect of the old social media would not change even though they went down a crypto path.
2) Censorship-resistant. This is what Elon and YE are trying to accomplish with the acquisitions and we already have that. The question is, is it ever really possible to be censorship-resistant if you are a centralized social media? I'm not sure it is.
3) The monetization aspect. This is the BIG one for me.
One doesn't need crypto to offer monetization. One could simply implement some kind of revenue share model and reward people for posting, but without crypto, this presents another big problem.
With what money are you going to reward your users? The smart thing about SoMee's model is the fact that the SME token is not directly tied to the profitability of the company. It is to some degree, but not directly as the dollars are for Facebook.
I did some digging on the big internetz and according to google, Facebook had a revenue of 117bill USD and a profit of almost 47 bill in 2021. That's 41 dollars in revenue per user and 16,4 in profits per user.
If Facebook were to implement a revenue share model, 16,4 USD per user per year would be the maximum they could spend.
That comes down to about 4,4 cents per user per day. Even though we haven't seen SoMee in action on a mass scale, I suspect SoMee would be able to compete with these payouts for the average user.
And bear in mind, that this would use up ALL of Facebook's profits in 2021. What do you think would happen to the stock if facebook went from 47bill in profits to zero? They would get recked. So it's not really possible for them to do.
Let's say they would spend 25% of their profits on revenue share, which would be around one cent per user per day. Their stock price would still plummet and we would be looking at around one cent per user per day. I don't think this would be a big problem for SoMee
If they used up less of the profits, it would be even easier to compete.
I think these acquisitions show the real potential for SoMee and I think the future looks really bright. Can't wait to see this whole system in mass action. Anyways, just my two cents.
But bear in mind, that I'm really SoMee biased.
I'm not a technical guy, so I don't know if it's easy for these old web2 platforms to go crypto. I suspect it's not, but I'm really not a technical guy.
I know they have a LOT more resources than SoMee, but Facebook LIBRA coin never panned out to be anything. Not sure why, but when that was announced a lot of people said it would be game over for SoMee, and nothing happened.
IMO SoMee has three BIG selling points that set it apart from the old Social Media.
1) There is no centralized organization that sells your data (it's decentralized), and this aspect of the old social media would not change even though they went down a crypto path.
2) Censorship-resistant. This is what Elon and YE are trying to accomplish with the acquisitions and we already have that. The question is, is it ever really possible to be censorship-resistant if you are a centralized social media? I'm not sure it is.
3) The monetization aspect. This is the BIG one for me.
One doesn't need crypto to offer monetization. One could simply implement some kind of revenue share model and reward people for posting, but without crypto, this presents another big problem.
With what money are you going to reward your users? The smart thing about SoMee's model is the fact that the SME token is not directly tied to the profitability of the company. It is to some degree, but not directly as the dollars are for Facebook.
I did some digging on the big internetz and according to google, Facebook had a revenue of 117bill USD and a profit of almost 47 bill in 2021. That's 41 dollars in revenue per user and 16,4 in profits per user.
If Facebook were to implement a revenue share model, 16,4 USD per user per year would be the maximum they could spend.
That comes down to about 4,4 cents per user per day. Even though we haven't seen SoMee in action on a mass scale, I suspect SoMee would be able to compete with these payouts for the average user.
And bear in mind, that this would use up ALL of Facebook's profits in 2021. What do you think would happen to the stock if facebook went from 47bill in profits to zero? They would get recked. So it's not really possible for them to do.
Let's say they would spend 25% of their profits on revenue share, which would be around one cent per user per day. Their stock price would still plummet and we would be looking at around one cent per user per day. I don't think this would be a big problem for SoMee
If they used up less of the profits, it would be even easier to compete.
I think these acquisitions show the real potential for SoMee and I think the future looks really bright. Can't wait to see this whole system in mass action. Anyways, just my two cents.
But bear in mind, that I'm really SoMee biased.
Here are some thoughts on the Twitter and Parler acquisitions and what it means for SoMee. I would love to get your perspective.
I'm not a technical guy, so I don't know if it's easy for these old web2 platforms to go crypto. I suspect it's not, but I'm really not a technical guy.
I know they have a LOT more resources than SoMee, but Facebook LIBRA coin never panned out to be anything. Not sure why, but when that was announced a lot of people said it would be game over for SoMee, and nothing happened.
IMO SoMee has three BIG selling points that set it apart from the old Social Media.
1) There is no centralized organization that sells your data (it's decentralized), and this aspect of the old social media would not change even though they went down a crypto path.
2) Censorship-resistant. This is what Elon and YE are trying to accomplish with the acquisitions and we already have that. The question is, is it ever really possible to be censorship-resistant if you are a centralized social media? I'm not sure it is.
3) The monetization aspect. This is the BIG one for me.
One doesn't need crypto to offer monetization. One could simply implement some kind of revenue share model and reward people for posting, but without crypto, this presents another big problem.
With what money are you going to reward your users? The smart thing about SoMee's model is the fact that the SME token is not directly tied to the profitability of the company. It is to some degree, but not directly as the dollars are for Facebook.
I did some digging on the big internetz and according to google, Facebook had a revenue of 117bill USD and a profit of almost 47 bill in 2021. That's 41 dollars in revenue per user and 16,4 in profits per user.
If Facebook were to implement a revenue share model, 16,4 USD per user per year would be the maximum they could spend.
That comes down to about 4,4 cents per user per day. Even though we haven't seen SoMee in action on a mass scale, I suspect SoMee would be able to compete with these payouts for the average user.
And bear in mind, that this would use up ALL of Facebook's profits in 2021. What do you think would happen to the stock if facebook went from 47bill in profits to zero? They would get recked. So it's not really possible for them to do.
Let's say they would spend 25% of their profits on revenue share, which would be around one cent per user per day. Their stock price would still plummet and we would be looking at around one cent per user per day. I don't think this would be a big problem for SoMee
If they used up less of the profits, it would be even easier to compete.
I think these acquisitions show the real potential for SoMee and I think the future looks really bright. Can't wait to see this whole system in mass action. Anyways, just my two cents.
But bear in mind, that I'm really SoMee biased.
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