Open Book Challenge
We are looking to fund seven purpose-driven teams that want to build a billion-user social network to replace Facebook -- while protecting consumer privacy.
We want to invest in replacements that don’t manipulate people and that protect our democracy from bad actors looking to spread misinformation.
Stellebelle recently introduced us to ONO. She mentioned how it is currently being rolled out in China. Upon contemplation I realized that the real competitor isn't Steem vs ONO but Steem+ONO vs Facebook. A new competition has been announced funded by Silicon Valley to offer an open alternative to replace Facebook. Ono and Steem both may enter this competition. Steem can utilize an SMT to create an entry into this competition while ONO can simply announce that they are entering this competition. The problem right now is I do not see anyone in the cryptospace even acknowledging this competition.
The fact that it is not even acknowledged highlights the problems with the cryptocommunity. An unwillingness to see the big picture and to work together against the actual competitors. Rather than crypto projects competing against themselves why not actually focus on networking and winning the big battle?
For more about this competition check out this LINK. It is called the OpenBookChallenge.