Eos: Ono Available To International Community Soon!

Hey you, welcome back to the channel. And guys, today we're going to talk about ONO, the social media site that's going to launch on the EOS blockchain. Um, had done a previous video on ONO and, uh, understood it to be, um, now open to users, uh, in the East, in China, but received some great news that ONO will be open to the international community coming up very soon here in the near future. And that's very exciting news for me as, as I've gotten a little bit more time to research and look into the platform. I'm finding there are a lot of great things about this platform that I like, that I definitely want to check out as soon as it's available for the international community. So, uh, ONO will be launching on— it will be the first social media site to launch on the EOS blockchain. And that's, that's very big because EOS has been big in cryptocurrency world as of late. The value of it's just shot to the roof, and it's been this big conversation about Is EOS in itself going to be valuable? Is the token going to be valuable? And various things like that. So this comes, you know, within all of this happening. And ONO, in my opinion, from what I can see so far, is solving a lot of problems with social media on the blockchain. You know, specifically problems that have plagued us in other social media sites that have been built on the blockchain. And it's very important that you have various social media sites open up on various blockchains because competition is always going to be healthier, is going to breed better products and situations for us all. It's going to hold everybody to task. It's going to, um, self-correct issues as well as raise and lift the human spirit in terms of, uh, uh, um, you know, making it to the next level and transcending into something else. And I think Ono has figured that out. Now, of course, Ono does have the advantages. I'm looking at the white paper here. It It has the advantage of kind of not being one of the first out the gate, but kind of being able to look at some of the problems and issues that went before it. And now it can kind of, you know, solve many of those problems. And I'm confident that Ono is going to get a lot of things right. What's been very appealing to me It has been the equality element of ONO. You know, sometimes when a good idea comes up and it needs to be funded, that particular idea is going to be contained by the dollars behind it that fund it and make it possible. You know, it's going to be limited in some cases to what the big dollars behind investment wants it to do. And so there are a lot of dangers, uh, that come into play when you're dealing with, uh, investor dollars, you know, and a lot of principles can be compromised. Now with the Ono social media site, it looks like, uh, you know, I don't know if this is a story or I could be saying this incorrectly, I don't want to say that, but, uh, my understanding has been that there been some big investment dollars offered, but ONO may or may not do an ICO. We may get that or we may not. I'm not sure exactly how that's gonna work yet as I'm still reviewing this, but the purpose of this video is mostly to talk about it being open to the international community, but also just to, you know, express my personal opinion about why I think ONO will work. And I think it's— I think what's disturbing to people in the social media space, especially this, this type of social media, has been the conversation of, you know, is there fairness in the social media space on the blockchain and how you deal with value in itself. And when we talk about value, you know, a lot of times first thing comes to mind is, you know, how much aggregate dollars you being distributed on a post. And, you know, and that's kind of part of it too, but to really understand the creation of value, I think what's been one major issue in social media sites on these decentralized platforms, you know, has been the idea that the value in social media, it's valuable when the dollars are put forth into it. Whereas I think it should be looked at in reverse, that the social media itself is valuable and the dollars that are put into it is just being displayed, is just a representative of, or representative value of that, of the value of the information and content that's available. So for me, in my view, It's all about trying to make all of that balance out and not just be money coming on the inside, just being pumped into various platforms. And so I think Ono is on the right track to maybe achieving that. Steemit, the first out of the gate, was successful. It was the first of its kind. But sometimes what can happen is when you're the first out the gate and you have to make the mistakes first that other people may not have to make. That's going to create a situation where, you know, you're gonna have a lot of problems to deal with. And ONO's able to address, I think, many of these key issues that's gonna make a lot of people wanna join ONO, myself included. And that has been this democratic equality evaluation system or value system to the content that's being put out on this social media, social media sites on the blockchain. And the only way to correct this that Onlooker seems to get, if I understand it correctly, the direction they're going to is by making our votes equal across the board in various ways. Now, you know, and leaving it up to the people to decide that. Now, as I've looked into various models and tried to figure out the best way to do that, you know, my, my view is the simplest way to approach something like that initially would be to, if you're going to have your set of investors come in, have them come in as like silent partners where they fund the projects and they do get a certain amount of kickback, um, where there's like in the form of a type of bond or some type of dividend or interest payment, uh, on their investment. But then you take them outside the community where the community can in a healthy way function on its own, uh, over a fair equal system, not where I can just come in with X amount of dollars and I can control and change systems. You know, that's one problem we're having with the Bitcoins, right, and various other coins across the blockchain, is that the big influencers, the big money that's involved in these platforms, they can have disagreements and cause the entire system to break off into these forks, right? So If the idea is for it to be decentralized, you know, which in a way to me means democratic, you know, when you're taking something away from a central authority, you're making it more democratic. So my assumption is that means we want to get as democratic as we can across the board, right? And so these new social media sites that come out and that are able to accomplish that, they're going to be quite appealing to the masses of people who don't have the big influence of voices and power. Remember, it's only a very small, minute part of a social media community that is going to be able to wield that type of influential power. Most of everyone else is going to be the silent voice, right? And so that's gonna steer people to look for other alternatives. And it's gonna stir competition, but I think overall that's gonna be good because what it's gonna do is it's gonna make the systems better. And as I'm speaking on that, come right across this part of white paper just talking about demand for equality and respect. You know, what happens when you have one great big influencer whose opinion just happens to be different from your own. You know, that could be very dangerous, as we've seen. And so that needs to be addressed, and it looks like that's what's going to be happening. That's why a lot of people are excited about these platforms, these, these, these new platforms coming forward. Some haven't been successful, they haven't caught on, although I think their ideas have been good. They haven't had the backing or the money perhaps behind them to make them what they need to be, you know, where some hooders have. And so that's something, you know, that we're gonna get to see, as you know, over the course of the next, you know, several months, get played out in these various experiments in these social media sites. Now, again, I made a mistake on a prior video where I was saying that this is only involved for the, the, the Eastern, our Eastern brothers and sisters and community across the world, but it will be international and that's being worked on. Also very interesting, I, I was, uh, I didn't know this was what was going on, but there are a lot of Stemians who are part of this in some way, influential Stemians that are working with the Ono team, which makes a lot of sense to me as this is, uh, you know, in some ways Ono to me almost seems like in many ways what Steemit should have been from the beginning. And so Steemit is successful in its own right, and it's done very good. And I think Steemit is gonna go on to do very well, especially with the SMTs and letting people run their various types of business models the way they want, but using the Steem blockchain. But when it comes to within the context of social media itself on blockchains and being what I, what I would deem to be the number one— Steemit doesn't have the proper setup to be the number one social media site on the block, across blockchains at this point in time. Right now, to me, it seems to be the most successful of them out of the gate early, but I don't know if that will be the, the ending verdict. I think you're gonna have to have something that takes into consideration many things like what Ono's doing. And, um, they also have, um, as I believe I came across, where there will be advertising, but you will have the option to turn advertising off or leave it on, which makes perfect sense. Uh, If a person is concerned about data collection, their privacy, um, just make it so they can disable those features, you know. Um, it's not necessarily, uh, a problem, or it doesn't need to, uh, demonetize or punish the entire system, uh, because some people have trouble with various, you know, companies coming in, various things like that. I think there can be a a way that there could be value brought to the platform through many ways. And that would be just based on our ideas of what's valuable in content itself, or through advertisers coming in and us having the option to block ads from them or accept them and sharing some type of revenue, or go back to help the structure and the value of the Ovono itself. I, you know, this idea of either/or, we have to do this, we have to have ads or we don't, to create more value to the platform, to create more sustainability to the platform, never really made a whole bunch of sense to me. And, you know, unfortunately, when you don't have a centralized authority or view and you do have to go through a more democratic means, a more decentralized means, then yes, you will have these various breaks of opinion, and it's sometimes hard to come together and get things done. And that's how come, you know, that can stifle or rather halt progress, you know, throughout the course of a platform growing and various things like that. Also very interesting, Arnold growled their first week looks like by 50,000 users. That's just insane, uh, 50,000 users within the first week. So shows that Ono can get the userships, uh, uh, very quickly. I think when I first got to Steam, it might have was like 200,000 people, uh, and they— and it had been going over a year, I believe. And this is already at, um, it's like 50,000 first week. I don't know what it is now, but I, I would assume it's only going to be a lot a lot bigger and probably going to grow very, very quickly over time. Um, you know, so it's going to be very interesting to watch what Ono does. Now, I don't exactly understand where all the money is going to come from to make the votes equal out, uh, even if I understand fully that idea. What I do understand is that the votes are supposed to be equal, uh, and whatever that, whatever that amount may be or whatever that may mean. Uh, now is that a good thing, uh, or would that work perfectly? I have no idea. I've seen other, um, sites like Solo and some others try to attempt this, and you see these very small votes and, uh, not very much activity. And my assumption is it's because they're underfunded or people aren't aware of them, or people just don't think the model will work. Because a lot of times when people are in a model already that seemingly works, it's no reason to abandon that model and try to go on to something else. But I think at this point it's gonna be a good thing for us to see all these various ideas and concepts work together, and then we can see what works and what doesn't work, and we can find where where the work needs to be done and where the focus needs to be, um, you know, in this, in, in this particular situation. Um, and, uh, and, and, and so that's where we're at with that. But I'm excited to see what Ono is going to do. Uh, I, I definitely think Ono is going to do a way, a lot better job than other attempts at social media across the blockchain. So far we've really only had Steemit. That's, you know, pretty much it. There, there are other ones, uh, uh, like, uh, I I believe it's like Liberi. It's, um, I can't think of the other one right now, but I have looked into a few others and, you know, obviously they haven't caught quite a grab of impact for mass adoption like maybe like Steemit could do and what I think ONO is going to be able to do. And so that's going to be all very interesting to watch. And I'm going to be paying close attention to Ono. I have some other videos on Ono you can check out as well. And there is an Ono— they are present on Steemit, so you can go to their Steemit blog post and you can get a lot of up-to-date information on what's going on with them. But I just wanted to talk about it being available to the international community now, and that we will be able to join on those soon. And I will definitely be joining. I am a big supporter of competition, and I will always seek out some type of competition or fight or create it to make the systems better for all of us. Guys, if you like content like this, don't forget to like and subscribe. And until next time, Take care.