Creators Abandon/Left YouTube and Facebook for Blockchain-based Platforms (

The less centralized platforms keep more power—and potentially, privacy—in the hands of creators and users, says Ned Scott, who runs the Steem-based social network Steemit.

If such services as DTube and Steemit are successful enough, their bigger problem may be YouTube’s or Facebook’s cash hoard, says Lance Morginn, CEO of the Blockchain Intelligence Group, which analyzes cryptocurrency transactions.