▶️ Huge Twitter Hack Exposes Faults In Centralization | EP#343

Author: scottcbusiness

Description: Twitter was socially engineered into giving away administrative access to their top-level users resulting in them all having a bitcoin scam posted on their accounts. This could have been way worse and highlights the flaws in centralized platforms. Let’s talk about it.

My first concern is people thinking that this is somehow indicative of the level of trust we should have for Bitcoin. The only entity we should be concerned about is Twitter and its awful security structure for the level of access and single points of failure.

This highlights the flaws in centralized platforms and props up the use case of using decentralized social media platforms where only you can access your account, but you are also the only one who can recover it. If you want all the responsibility and the blame, then decentralized platforms are for you and this kind of thing will never happen on them.

Some great examples of decentralized platforms are LBRY, Hive, Steem, and any platform that fully utilizes the blockchain for content, access, and moderation. There are many other platforms, but not all are fully decentralized and may just fall somewhere on the spectrum, however, all of the platforms below are more decentralized than legacy platforms like Twitter or Facebook and they tend to uphold values like free speech, privacy, transparency, and the cyberpunk ethos.

The main crypto platforms that I use very actively today are LBRY, Publish0x, DTube, 3Speak, Bitchute, Flote, Memo.cash, Read.Cash, Minds, and Uptrennd. I also actively use Twitter. You can find me everywhere as @ScottCBusiness. I post on about 30 platforms but am not active on them.

Let me know what you think about all of this? Will we see more hacks on legacy platforms in the near future? Does this make you want to switch to decentralized platforms? Will you try out any of the new platforms I’ve listed? Let me know your thoughts about all of this in the comments below and don’t forget to share, like, and subscribe too!