Which is to say I don’t trust Facebook with anything.
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Facebook went full facist this week banning more overwhelmingly conservative voices. I lost my account back in the Tommy Robinson purge over a month ago. My Brian of London Page was deleted while I was in London last week. I don’t want Facebook controlled or regulated, I want Facebook destroyed. I don’t believe regulation, even along the lines Will Chamberlain eloquently lays out, within the framework of the USA’s 1st Amendment, will work.
I want Facebook destroyed. Raheem Kassam gets it, also at Human Events:
This is a civil rights issue, and I do not say it with a semblance of hyperbole.
What is happening to conservatives or nationalists is as important as what happened to Soviet-era dissidents.
Book ‘burning’ is already a thing.
The gulags do not follow far behind.
Bret Stephens in the New York Times (in a condescending piece as usual making clear to denounce those whose free speech he’s begrudgingly defending) has one bright paragraph:
The deeper problem is the overwhelming concentration of technical, financial and moral power in the hands of people who lack the training, experience, wisdom, trustworthiness, humility and incentives to exercise that power responsibly.
Put simply Facebook and Google are individually and jointly too powerful to be run by those accidentally chosen to be running them. Arguably there isn’t a method of governance known to man which could safely control such power.
There are now a number of very credible reports that Facebook is gearing up to launch its own crypto currency for people to use within Facebook’s walled garden. You’ll be able to “buy” into Facebook’s own currency then send and receive crypto money with friends and, I’m sure, buy goods and services from hungry vendors.
A Wall Street Journal report says Facebook is recruiting dozens of financial firms and online merchants to help launch a cryptocurrency-based payments system with each staking up to US$1B. If the company can convince five partners to join them that would make Facebook’s coin one of the five most valuable coins by market capitalisation instantly based on current valuations.
Facebook has a team of about 50 boffins working on the project which is housed in a secured wing at Facebook HQ according to reports.
All the while, Facebook will take a cut of all transactions: 1% 2% or more. We don’t know their fee structure: they’ll be competing with the entire global credit card and payment processing industry and cracking the legs out from under giants like PayPal and their younger competitors. They’ll enter the field with gigantic scale. And I and many other wrong thinking people are ideologically banned from this field of commerce before it even exists.
But what’s really interesting is only one year ago, Facebook declared almost any business considering using the same technology that underlies their crypto-currency (the “blockchain”) is likely to be a scam business and too dangerous to be allowed to advertise on Facebook. Google imposed an identical ban at roughly the same time.
Here’s the effect those advertising bans had on a crypto based social media site and crypto currency called Steem which is a decentralised Facebook replacement and therefore a direct competitor.
Across all the entire blockchain and crypto industries the damages run to hundreds of billion of dollars!
Just so you understand the difference though, I can send and receive Steem to anyone for FREE. No FEES. Facebook will be charging fees somewhere for sure. That’s a feature of crypto currencies but it’s the one Facebook will exploit to make money from you. They’ve already had years selling your private information and your posts, now they want real cash from you.
Facebook is too dangerous to exist: it is the culmination of a century of dreams by totalitarian dictator musing on how to better spy on and control their populations. That so many willingly submit their most private thoughts to this monster in return for its “features” is a shame of our civilisation.
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