Block.one's EOS-powered social media Dapp announced to mixed reviews

Over the weekend, EOS’ parent company Block.one announced that it will be launching a new, decentralized social media platform called Voice. The Dapp will run on the EOS blockchain which itself will be upgrading to a faster Version 2.0.

As it will be utilizing a public chain, everything posted on Voice will be public, which perhaps surprisingly seems to be one of the platform’s main selling points. At a time when even Facebook’s pledging a focus on privacy and social platforms are embracing anonymity, Voice will, according to some community members, require biometric ID verification to join the party.

Among other points, Block.one’s CEO vowed that Voice will provide transparency about its underlying apparatus, doing away with proprietary algorithms and ad-favored content serving.

Despite big promises, the news was met with lukewarm reception, with some already calling the platform a glorified Steemit:

Apart from immediate comparisons to previous social dapps, some were also concerned about Voice’s insistence on ID verification or how they’ll handle censorship:

Others still don’t believe in Voice’s ability to steal relevant market share from any of the incumbent platforms:

That said, not everyone was willing to pronounce Voice DOA. A number of community members pointed to the platform’s various potential benefits, like using Voice as an onboarding tool for crypto-reluctant masses:

Future flop or not, the Voice announcement did little to boost EOS’ stock over the weekend. Quite the opposite in fact: the coin’s been losing ground ever since the news and has lost more than 10% in the last 24 hours alone, currently sitting at a week-low $6.92. Looks like the early reviews are in.