Diaspora could be worth keeping an eye on. With all the fuss around privacy on the likes of FaceBook they may just be hitting it at the right time. After recently undertaking a major review of open source social network platforms I was amazed at how few ‘real’ options there were to choose from, so there is definately an opening there for these keen and eager young men. They will just need to make sure they get past the facinating encryption algorithms and APIs and give it an interface that your average FaceBook user can cope with.
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