Decentralized Social Media Is the Only Alternative to the Tech Oligarchy
404media.co
404media.co
Then there are the groups <1 million people who actually want social media for communication who do not need money flows. These people can be happy and thrive without corporate money flows. They form communities like IRC, mastodon, matrix, etc.
But for the vast majority of people these alternative networks do not have the one feature they are there for: ability to make it a job. And that is why decentalized social media has never been, and never will be an alternative for most social media users. No government in the world will allow a decentralized system to have money flows capable of a living wage. Just look at the continuous attacks on actual cryptocurrencies like Bitcoin.
In conclusion: no. Decentralized social media is only an alternative for a tiny part of the population. It doesn't mean this is bad. But setting up decentralized social networks that cater to the masses is useless. The one feature they want will never be there.
I would say at least 75% are there just to consume. I can count on one hand the amount of people I know IRL that use social media primarily to make money.
I could be misreading your comment though.
Guessing < 5% of social media goers are making any money worth mentioning.
Sadly it seems like more and more every year that is just not even considered an option for most people.
Then again, Trump wanted to ban Tiktok and we all laughed, and now it's banned under his successor, kind of, and now he's saying he'll defy the actual law and unban it? China!
I have to assume this is what 404media means by "decentralized social media": one where you have to sign up to 404media's own website and give them your personal information directly. No thanks.