A new form of social media: open protocol, decentralized nodes with the ability to mod, central services to do identity and enable content aggregation and discovery. Like online gaming, where people can run their own servers if they want.

I think this is called the internet. xkcd.com/1367/ :)

Sort of! It's really actually a content discovery and cross-relationship mechanism that would leverage all of the Open Web. Like if we rethought RSS with everything we learned over the past decade, and built a business ecosystem on top to insure its longevity.

I totally see what you mean but didn't we try that with RDF and microformats too? I mean I'm game for the ride just like I was the first time None of the companies wanted to join though so it was just us out there linking our little islands together.

Sounds like indieweb.org (which does use microformats and RSS, along with http and html)

That's interesting, but it looks mostly like "the web" - which is totally cool, but I think too hard for most normal people to use on their own. Also doesn't have social interactions.