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Decentralized Social

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DESOUSD trade ideas

DESO the tides are turning The same way Bitcoin and Ethereum are decentralizing the financial system DESO can decentralize social media. Bitcoin created a way to store transactions on a public ledger that no individual entity can monopolize, which has led to the disruption of the financial industry, and this technology can now be extended, for the first time, to run a social network without needing to rely on a centralized gatekeeper. Bitcoin and Ethereum have shown that dominant platforms can be built around open code and open data, rather than around private companies that monopolize their data and benefit shareholders at the expense of everyone else. Bitcoin and Ethereum don't have data moats to protect. In fact, the more open they are and the more people that build on top of them, the more value accrues to Bitcoin and Ethereum holders. This open model for software is already disrupting financial institutions all over the world, from banks to exchanges, for the first time, this model can be extended to disrupt the social media giants and their outdated ads-driven business models. By putting social media content into a public blockchain, rather than giving it to a handful of private companies to monopolize, create an economy of scale around a blockchain that is powerful enough to rival, and ultimately surpass, what the traditional social media giants have created. Solve a collective action problem among independent publishers by making it individually rational for them to contribute their content to a new globally-shared pool that they can never be di-intermediated from and that, for the first time, isn't controlled by a single company. What is DESO? docs.deso.org
COINBASE:DESOUSDLong
by UnknownUnicorn6395641
DESOUSD Bullish and bearish levels with the 1D MA50 supportingDecentralized Social (DESOUSD) has caught my attention ever since the 99.500 Double Top on March 28. That was a rejection on the previous High of January 24 and ever since I've been waiting for a clearer set-up. On April 09, the price stopped correcting and started to rebound (3 straight green 1D candles including today's) right before touching the 1D MA50 (blue trend-line). That is the first bullish sign in the past 2 weeks. With the price on a Channel Down and the Lower Lows supporting, the bullish signal would be completed if DESO breaks above the Channel and the previous Lower High of 59.000. We'll treat that as an instant bullish break-out signal aimed at 99.500. On the other hand, a break below the Lower Lows will be treated as a bearish break-out signal targeting the 27.900 Support. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
COINBASE:DESOUSD
by TradingShot
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