Episode
The Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
1:14:05
Published: Tue Nov 02 2021
Description
Nader Al-Naji (@nadertheory) joins Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) to discuss the future of social media on the blockchain, why social network users should have their own coin, and much more. _____ * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. _____ Show Notes: (00:26) - The social blockchain (15:28) - Details about Deso and BitClout (25:33) - Why Nader initially tried to go anonymous (38:56) - Building value for creators into the blockchain (46:00) - Personal questions about Nader (56:24) - Nader’s BitClout portfolio _____ Links: * Deso * BitClout * CloutFeed * PolyGram
Chapters
Nader is an AI-powered CRM tool that automates tasks, tracks contacts and deals, and provides teams with access to shared data for better customer service and goal achievement.
00:00 - 01:13 (01:13)
Summary
Nader is an AI-powered CRM tool that automates tasks, tracks contacts and deals, and provides teams with access to shared data for better customer service and goal achievement.
EpisodeThe Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PodcastMy First Million
The podcast discusses the development of a decentralized social network on blockchain that has the potential to bring a revolution in social media, and the features it proposes to support through blockchain technology.
01:13 - 06:43 (05:29)
Summary
The podcast discusses the development of a decentralized social network on blockchain that has the potential to bring a revolution in social media, and the features it proposes to support through blockchain technology.
EpisodeThe Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PodcastMy First Million
The DSO blockchain can power the back-end of social media platforms, creating a separation of concerns between blockchain and user interface.
06:43 - 10:37 (03:54)
Summary
The DSO blockchain can power the back-end of social media platforms, creating a separation of concerns between blockchain and user interface. It offers many advantages over traditional social media and could potentially change the way people interact online.
EpisodeThe Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PodcastMy First Million
The current landscape of social media and content creation relies on monopolizing content to show ads, meaning that apps like cloud feed or diamond app that charge fees to enable creator earnings are in the minority.
10:37 - 16:02 (05:25)
Summary
The current landscape of social media and content creation relies on monopolizing content to show ads, meaning that apps like cloud feed or diamond app that charge fees to enable creator earnings are in the minority.
EpisodeThe Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PodcastMy First Million
The current total amount invested in personal cryptocurrencies is roughly 80 million dollars, which is surprisingly low according to the speaker.
16:03 - 18:50 (02:46)
Summary
The current total amount invested in personal cryptocurrencies is roughly 80 million dollars, which is surprisingly low according to the speaker. They caution against revealing too much information about personal cryptocurrency holdings to avoid unnecessary risk.
EpisodeThe Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PodcastMy First Million
The speaker wonders if the company in question is operating in a normal way or if they are doing something eccentric.
18:50 - 23:29 (04:39)
Summary
The speaker wonders if the company in question is operating in a normal way or if they are doing something eccentric. They discuss the concept of equity holders and the idea of fundraising.
EpisodeThe Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PodcastMy First Million
The launch of Bitcoin without a centralized person to rely on became the inspiration for launching a new project to test the blockchain with a few hundred users sharing password protected links.
23:30 - 28:45 (05:15)
Summary
The launch of Bitcoin without a centralized person to rely on became the inspiration for launching a new project to test the blockchain with a few hundred users sharing password protected links.
EpisodeThe Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PodcastMy First Million
A project faced backlash for raising money through Bitcoin, causing people to question their trustworthiness.
28:45 - 34:57 (06:12)
Summary
A project faced backlash for raising money through Bitcoin, causing people to question their trustworthiness. The project's anonymity and lack of credibility added to the concerns.
EpisodeThe Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PodcastMy First Million
The use of NFTs and pay-to-repost models can be more efficient than the traditional model, and by allowing a percentage of that to flow to the coins, it can unbundle the equity of a company into each creator's coin, benefiting the fans or holders.
34:57 - 41:38 (06:40)
Summary
The use of NFTs and pay-to-repost models can be more efficient than the traditional model, and by allowing a percentage of that to flow to the coins, it can unbundle the equity of a company into each creator's coin, benefiting the fans or holders. Diesel offers a percentage that acts as a creator coin or coin holder royalty, allowing users to access the platform to post and use the same features available on traditional social networks.
EpisodeThe Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PodcastMy First Million
The ability to invest in small businesses can create incentives and provide opportunities for their growth in ways that did not exist before.
41:39 - 47:01 (05:22)
Summary
The ability to invest in small businesses can create incentives and provide opportunities for their growth in ways that did not exist before. It is a new and efficient way to make money on their rise.
EpisodeThe Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PodcastMy First Million
The speaker shares their perspective on not feeling like they've "made it" despite achieving financial success, and highlights the importance of staying humble and recognizing that there is always more work to be done.
47:01 - 51:25 (04:23)
Summary
The speaker shares their perspective on not feeling like they've "made it" despite achieving financial success, and highlights the importance of staying humble and recognizing that there is always more work to be done.
EpisodeThe Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PodcastMy First Million
The use of NFTs, crypto coins, and diamonds can help decentralize social media which, aside from making creators earn more, could do a lot of good.
51:25 - 57:14 (05:48)
Summary
The use of NFTs, crypto coins, and diamonds can help decentralize social media which, aside from making creators earn more, could do a lot of good. Although it may seem confusing at first, once understood, everyone gets excited about the possibilities.
EpisodeThe Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PodcastMy First Million
The speaker discusses a strategy for investing in cryptocurrency, acknowledging that cash flows can be disparate but with potential for growth.
57:14 - 1:00:38 (03:24)
Summary
The speaker discusses a strategy for investing in cryptocurrency, acknowledging that cash flows can be disparate but with potential for growth. They also mention smaller creators who are active and doing innovative work.
EpisodeThe Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PodcastMy First Million
The decentralized systems have an edge over traditional platforms due to asymmetric competition, which favors decentralized platforms who offer better perks to the customers.
1:00:38 - 1:06:53 (06:15)
Summary
The decentralized systems have an edge over traditional platforms due to asymmetric competition, which favors decentralized platforms who offer better perks to the customers. Asymmetric competition allows over 100 teams to build superior apps, whereas traditional publishers can only spin up another feed with one engineer.
EpisodeThe Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PodcastMy First Million
A discussion about the potential future of creator coins, including diamonds and NFTs, and their market value once people get bored of NFTs.
1:06:53 - 1:10:05 (03:11)
Summary
A discussion about the potential future of creator coins, including diamonds and NFTs, and their market value once people get bored of NFTs.
EpisodeThe Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PodcastMy First Million
Guy Nattiv shares his vision of the future of decentralized social media and NFTs and discusses the strategies behind the launch of Natter.
1:10:05 - 1:12:54 (02:48)
Summary
Guy Nattiv shares his vision of the future of decentralized social media and NFTs and discusses the strategies behind the launch of Natter.