Andrew laid out the case clearly and very well. He covered the basics of the actions taken by these companies and why Australia is such a good place to bring this case. I added some points about the deplatforming background of the social media Goliaths. If you want to deeply understand what’s really going on with advertisers dictating the moves of the tech Goliaths, you really should listen to this section of the No Agenda Show.
Back when Andrew first told me about this case, I told him to stop saying the case was worth $500Bn, nobody would believe him and he sounded like a Bond villain. As I’ve got deeper into the story I’ve realised that’s probably at the low end of what these companies have done. And when Facebook brazenly launched their Libra cryptocurrency, it became absolutely obvious that having destroyed journalism, and gobbled up global media advertising, these companies are fully intending to take over the world’s money supply.
I hadn’t quite realised the extent to which legacy social media like Twitter forbids references to Crypto based businesses. I tried to share a Steem Ninja sign up link on Twitter yesterday and noticed this morning that clicking on it gives this result.
I spent more than 30 minutes yesterday talking to the two people behind the company that runs Steem Ninja which provides a simple way to get onto the blockchain based Steem social media and blogging site for the payment of a small fee. Steem can be joined for free but that can take a few days. They’re real people running a real business. There’s no scam here that I can see, you give them something of value they give you something of value.
If you pay $2.50 you can get on immediately and you’ll have some crypto credit to get you started. It’s not a scam, it’s an alternative to the free to use social media that makes its money by selling YOUR work and information and YOUR attention to others while they show you adverts to pay for the “free” service. Remember, if you’re not paying for something, you are the product that is being sold!
I get a small bonus if someone signs up from the link. Either way, for Twitter to brand this business as potentially fraudulent when it is a direct competitor to its business model is exactly the kind of sneaky behaviour we now expect from these legacy social media sites.
If you do sign up to Steem, please be absolutely sure to note down the rather over complicated list of passwords and encryption keys that pop up just after you chose a user name and before you pay. Do not lose these. Steem is decentralised: that means nobody fully controls it and there simply is no reset system to get an account back if you lose your password.
It’s hard to tell which “science” is more often wrong: economic forecasting or climate forecasting. Predict, 165,000 – get 304,000. Epic fail.
Every month economists make forecasts about all sorts of things. They use complex computer models filled with invented algorithms into which they feed observations of market movements and any other data they can lay their hands on. At the end the spit out predictions. Which are, pretty regularly, epic fails. Just because the outcome is better than expectation, missing with a prediction by 100% makes that original prediction completely useless and anyone who took action based on that prediction looks like a fool.
The claims made by computer modelling climate “scientists” are usually set much further into the future. So when they fail so epically, the “scientists” have usually spent the intervening years massaging their models to hide how much of an epic fail their entire branch of “science” has been.
The only thing worse than either climate forecasting or economic forecasting, is making economic policies based on climate forecasts.