Former Reddit engineer leaves to develop decentralized social platform Datt

赖安•X•查尔斯published an article titled "Rebuilding Reddit with Bitcoin" on Medium in early June this year, which attracted a lot of attention. Charles is a former engineer of Reddit. In late January 2015, it was reported that Charles was fired by Reddit. It may be because of the difference in values ​​between Charles and Reddit. Charles wants to rebuild a decentralized social media with the help of Bitcoin. He believes that there are some problems with FrontPage that can be solved with Bitcoin. Currently, Charles is working on developing a decentralized version of Reddit, called "   Datt". He believes that by setting up certain monetary incentives on the platform, people can improve the quality of the content they post on the platform, which is higher than the quality of content on general social media now. Although Datt is often seen as an upgraded version of Reddit, in Charles' view, this new social media application is completely different from the current social media and is a brand new social media.

Charles recently attended a Bitcoin meetup in San Francisco, where he presented the latest developments on Datt and talked about several differences between Datt and Reddit. According to Charles, one of the main differences between Datt and Reddit includes monetary incentives and free market considerations. In his speech, Charles argued that Reddit is not interested in using monetary incentives to improve user experience:

“Reddit is the exact opposite of what I’m going to talk about next, decentralized social media. Reddit is all free. You can’t sell subreddits to people. You can’t buy likes. Any transactions are prohibited.”

Charles said that Datt will be commercialized, allowing users to buy and sell anything on the platform. By setting up a monetary incentive mechanism in the Datt platform, such as rewarding a small amount of Bitcoin for each like, the Datt platform may become a platform for users to commercialize content. In his speech, Charles talked about his overall views on the commercialization of social media:

Commercialization is not against Datt's rules. Readers pay for what they read, and if you write good stuff, people are willing to pay you, which is a good thing. I want to create such a market. People can have their own subreddits, and I want people to be able to buy and sell subreddits. This will give users a different experience.

Although some people are already using Reddit as a marketing tool, Datt will make this commercial concept more explicit. The early version of Datt will be available in November, and this early version will allow users to experience it first to see if it is feasible and what needs to be improved.

The core of Datt is to add a reward mechanism to social media platforms, but whether this concept will be successful remains to be seen, but Charles believes that this is a good opportunity for social platforms to improve the quality of content. Charles briefly explained this in his speech:

“My goal is to create something more professional. I think the quality of the content will be higher if I can use this mechanism.”

Original article: http://insidebitcoins.com/news/datt-combines-social-media-with-bitcoin-powered-incentives/35619
By Kyle Torpey
Translator: printemps
Editor: printemps
Source (translation): Babbitt Information