What is Freebits ?
Any democracy is impossible without freedom of speech, cross-pollination of ideas and a common understanding of what is true and what is false. In good old days, we had public squares i.e., open public areas in a town where people gather and where public speech, debate and discussion are allowed for everyone. In the last two decades, the rise of social media platforms and online communication tools dwarfed all these physical public squares. We now express ourselves in bits, over the Internet.
Unfortunately, the current social media platforms are not true public spheres. Jack Dorsey (co-founder of Twitter) frankly admitted that free speech was never a mission of twitter. He is right. The existing social media platforms were not designed to protect our free speech and first amendment right. They are centralized communication platforms where the users are the product and the advertisers are the paying customers. The rules about which content is acceptable are made by the parent tech company. These rules are often contradictory, unfair and biased. The enforcement of these rules is not transparent. Tech companies regulating online speech is a very dangerous precedent, to say the least.
A recent pew survey found that approximately 75% of Americans believe that social media sites intentionally censor political viewpoints. For example: BLM activists say they are being silenced by facebook. Conservatives say they are being unfairly censored online. Numerous such examples can be found in several countries across the world. This is creating unprecedented chaos... left, right and center.
Who should regulate online speech ? Is it the governments or the tech platforms ? The answer is no one. Silencing, banning and de-platforming the speech you do not like is not a long-term sustainable solution.
Freebits is a decentralized, permissionless, immutable, uncensorable online public square, globally accessible to anyone with an internet connection. It is a borderless decentralized bulletin board for everyone. It is built on top of an open, unstoppable and uncensorable EulerChain protocol.
Our mission is to enable journalists, politicians, activists, citizen journalists, global leaders, educators, podcasters, artists, creators, influencers and everyone to speak freely to everyone globally, connect with their followers and get tips without any fear of censorship or de-platforming.
For more details, please read our white paper: Freebits.pdf