What do you think it is needed to decentralize Facebook?
I think it is a waste of mental effort just to think about something like Facebook running on Ethereum when that is fine running on centralized servers and there's so much more interesting uses of Ethereum (like probably a lot of projects that are popping around, no one trying to be Facebook).
> What do you think it is needed to decentralize Facebook?
I think it's called "the web". It was invented in the early 90s.
Basically blogs and news aggregators fulfill the same niche as Facebook, but as a decentralized system where each user can be in full control of their data. The only thing that is limited in comparison to storing everything with one company is the possibilities for fine grained access control. The web needs to be overwhelmingly public in order for search engines, timeline aggregators and other services to arise.
There is nothing in Facebook that involves ordering transactions in a global ledger.
The web is decentralized. That's the entire point of it. You don't need permission from anybody to start serving web pages.
Don't take this as talking down cryptocurrencies. It's that Bitcoin is as decentralized as the web that is the key innovation. That anyone can build applications on top of it without asking for permission is unheard of in the financial space.
There are many decentralized permissionless systems including e-mail for messaging and IPFS for distributed storage. They do not generally need tokens or proof-of-work to function.
(Sorry for substituting Ethereum above. Ethereum isn't really a good example of a decentralized application as it is governed in full by a Foundation which have all developers on payroll. It is not a multiple equal stakeholder project yet.)
As to why people are talking about Facebook on Ethereum, I don't think the article suggested that. It merely offered Facebook as a generall ballpark to which scale a popular application can reach.
I think it is a waste of mental effort just to think about something like Facebook running on Ethereum when that is fine running on centralized servers and there's so much more interesting uses of Ethereum (like probably a lot of projects that are popping around, no one trying to be Facebook).