As the creator of the DeSo blockchain, I want to talk about how crypto will fundamentally change social media and solve the bot problem π€
When Elon took over X, he made everyone pay for a verified check. There's only one problem with that plan, which is that bots can easily afford it. How do I know? Focus, our next-generation SocialFi app, was ASSAULTED by verified bots when we launched our invite-only "Bounty Hunter," which gives $100 to Verified Twitter users.
The problem is that it's equally expensive for a bot to buy a blue check as it is for a legitimate user, and so it doesn't provide enough differentiation. The key is to have something that's effortless for real users but prohibitively expensive for bots. What could that be...?
It turns out crypto wallet balance is an *amazing* metric in this regard. Whales naturally keep thousands of dollars in their wallet, but a bot can't afford to keep more than a few hundred at most. And it scales in the sense that the more you have, the less likely you are to be a bot, even if you don't have a long track record of posting.
Focus is truly novel in many ways, but perhaps the most interesting is how it tightly integrates assets with one's social identity.
And it doesn't stop there. Once on-chain assets are tied to identity, you can build much better ranking algorithms, a better upvote mechanic that factors in wealth, and many other novel innovations that can finally prevent bots from having a disproportionate influence on our discourse.
You may never have heard of Focus, but it's the only app in the world that's innovating on this stuff right now, and it's going into public access next week. We've been working on it for years and I'm excited for everyone to try it. I truly believe it's an app that can not only materially enhance the quality of our information on the internet, but also solve a lot of problems related to misinformation as well.