3 ms·

Here's what Facebook META will do: Every person on Earth, using their country's Unique Identifier credentials (like Social Security Number, National Insurance

Here's what Facebook META will do: Every person on Earth, using their country's Unique Identifier credentials (like Social Security Number, National Insurance Number) to identify themselves to Facebook, will be entitled to receive their "forty acres" of Metaverse land, at a going rate of $1000 per acre, a value of $40,000. Just for signing in to claim it! Everyone will rush to create Facebook accounts and claim their land. And/or sell their land to others. Meanwhile, Facebook has found a way to pretend that the "space" in their MMORPG is valuable, and will just be raking in the money, they'll need to hire extra guys with rakes. Whatever happened with Facebook "Coin" ?

goobergoo 5y ago
Novi digital wallet, without the Diem cryptocurrency, was supposed to be the cornerstone of the enterprise.
mellavora 5y ago
> Every person on Earth, using their country's Unique Identifier credentials what about people in countries which don't issue "Unique Identifier credentials"; noting the limitations on the Social Security Number in the US, which was given as the first example? I live in a country which has a large number of expats. I know multiple people who have 4 or more government issued "unique identifier credentials" Note: I suspect goobergoo's post has a high level of sarcasm; my reply is a criticism of META not of the post.
salawat 5y ago
The wet dream of every authoritarian everywhere: Get people to accept a system of Universally Unique identifiers to facilitate population control as a DB query. Like we don't already have issues enough with people trying to do that. Libra or whatever was pulled after Facebook was put in the hot seat by Congress and regulators for non-proactive compliance with regulators. Turns out when your the 900 lbs gorilla in the room, the bar is still higher on expected due-diligence when unilaterally upending a regulated space that also happens to play into international policymaking and enforcement.

goobergoo 5y ago

Novi digital wallet, without the Diem cryptocurrency, was supposed to be the cornerstone of the enterprise.

mellavora 5y ago

> Every person on Earth, using their country's Unique Identifier credentials what about people in countries which don't issue "Unique Identifier credentials"; noting the limitations on the Social Security Number in the US, which was given as the first example? I live in a country which has a large number of expats. I know multiple people who have 4 or more government issued "unique identifier credentials" Note: I suspect goobergoo's post has a high level of sarcasm; my reply is a criticism of META not of the post.

salawat 5y ago

The wet dream of every authoritarian everywhere: Get people to accept a system of Universally Unique identifiers to facilitate population control as a DB query. Like we don't already have issues enough with people trying to do that. Libra or whatever was pulled after Facebook was put in the hot seat by Congress and regulators for non-proactive compliance with regulators. Turns out when your the 900 lbs gorilla in the room, the bar is still higher on expected due-diligence when unilaterally upending a regulated space that also happens to play into international policymaking and enforcement.