[zkhalique]

This. Decentralization needs to be the foremost feature of a decentralized system. No single points of failure. Scaling up and down with demand. Resilience and choice for everybody.

Money has been decentralized.

Social networking hasn't, yet.

Security hasn't, not really. Have you installed the latest SquirrelMail patches yet? You probably use GMail so you don't have to worry about it.

[rndmind]

You should look into diaspora, an open-source decentralized social network. IMO diaspora has formidable foundation and interesting content. Highly recommend. However, as Eben Moglin said, the next facebook should never happen.

[zkhalique]

The next facebook should be a decentralized, open source platform. Like Wordpress was the "next LiveJournal".