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That's how it starts. The clever folk quit first (they also start first) as they can clearly identify with their intrinsic dislike of the platform. The less cle

by osrec 9y ago

That's how it starts. The clever folk quit first (they also start first) as they can clearly identify with their intrinsic dislike of the platform. The less clever take a little while longer to realise how much they're hating it too, often getting suckered by cheap tricks used by the platform to keep them hooked. They will figure it out soon enough though! I think I'll probably start shorting some Facebook stock in the next couple of weeks. The platform is nearly worthless now that popular prejudice has started to turn against it.

abakker 9y ago
You might have missed the short opportunity. Better go long on whatever you think might pick up the slack. I don’t think the void that Facebook leaves will be left unfilled.
- aws_ls 9y ago
  If the replacement is a federated social network, then there may be 2/3 large competing players for the interfacing part. My dream is a cryptocurrency based social network, so that those running p2p nodes can also get paid. Also the end clients can compete with each other for the interface part - dumb/some-algo based (Facebook can also be one of the clients ;-))
  - abakker 9y ago
    Proof of Stake, then? Blockchain pays you in coins that are earned randomly by hosting a node? The node would need to then be part of a big distributed file system since any even halfway decent social network would be way too large to host at home. I don't mind the idea, but where does the value of the coin come from? do you have to buy one to join? do you need to rent a coin to have access to the account? Social networks are subscriptions (or they should be, since the costs of hosting are recurrent), so what would the economic model be in "mining" and hosting one? What would give the token a value?
- xwvvvvwx 9y ago
  Facebook also owns the networks that seem best positioned to pick up the slack.
Reedx 9y ago
You would think so, but take a look at Herbalife.

by osrec 9y ago

abakker 9y ago

You might have missed the short opportunity. Better go long on whatever you think might pick up the slack. I don’t think the void that Facebook leaves will be left unfilled.

aws_ls 9y ago
If the replacement is a federated social network, then there may be 2/3 large competing players for the interfacing part. My dream is a cryptocurrency based social network, so that those running p2p nodes can also get paid. Also the end clients can compete with each other for the interface part - dumb/some-algo based (Facebook can also be one of the clients ;-))
- abakker 9y ago
  Proof of Stake, then? Blockchain pays you in coins that are earned randomly by hosting a node? The node would need to then be part of a big distributed file system since any even halfway decent social network would be way too large to host at home. I don't mind the idea, but where does the value of the coin come from? do you have to buy one to join? do you need to rent a coin to have access to the account? Social networks are subscriptions (or they should be, since the costs of hosting are recurrent), so what would the economic model be in "mining" and hosting one? What would give the token a value?
xwvvvvwx 9y ago
Facebook also owns the networks that seem best positioned to pick up the slack.

Reedx 9y ago

You would think so, but take a look at Herbalife.