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Yeah, but remember when Facebook decided to inflate engagement stats for video, and sent everyone on a wild goose chase trying to create videos for everything?

Yeah, but remember when Facebook decided to inflate engagement stats for video, and sent everyone on a wild goose chase trying to create videos for everything? That made journalism much more expensive to do, made the web worse (auto playing videos now everywhere) and was a complete and utter waste of everyone’s time, effort and money. That’s almost certainly happening again with the metaverse. You don’t have to play the game. You’re arguing that we should follow the advice of large institutions to invest in their crap, simply because if we don’t, they’ll have the crap all to themselves. I say let them keep it.

ayngg 5y ago
No that isn't what I am saying, I am simply saying that there appears to be trends in the way technology is going to be developed and used. Facebook wasn't the first to think of a metaverse, but they are a big player in how it will develop based entirely on how big they are. Money has already increasingly become digitized and will continue to trend that way long before any central bank digital currency gets developed. The point is that nobody knows what the future tools of the internet will be, they can only see trends and act on those. Most are probably stupid and most will probably be useless, but innovation will inevitably happen. Its fine if you think places like facebook can have the metaverse to themselves, just like it is fine for people to think they shouldn't.
- cormacrelf 5y ago
  If Facebook were the only player in the metaverse, it would have no value whatsoever. They need other people to invest, because it is too big to build themselves, and it is therefore necessary for others to participate for there to be a market at all. Simply doing it because it’s a trend is incredibly vapid. If you don’t think it’s a good idea, don’t give them your investment. Your choices matter; your thoughts on whether a trend is worthwhile matter, because your participation determines its success. Take some responsibility.
  - ayngg 5y ago
    I think there is a misunderstanding here, I'm not involved in any web3 stuff I am just discussing it. I think whether or not you or I think it is a good idea or not is irrelevant because the reality is that there are people that are working on things because they think they are good ideas, and there are people investing in those things similarly, even things you would consider ethically questionable. It happens and will continue to happen. Facebook doesn't need to build it all themselves, they just have to make the platform that everyone else will want to build on, just like what all of the current tech giants have done for the past 20 years. The idea isn't about chasing trends (or even something specific like a "metaverse"), it is seeing where innovation in happening and hopefully avoiding further concentration of power in the future of the internet.

ayngg 5y ago

No that isn't what I am saying, I am simply saying that there appears to be trends in the way technology is going to be developed and used. Facebook wasn't the first to think of a metaverse, but they are a big player in how it will develop based entirely on how big they are. Money has already increasingly become digitized and will continue to trend that way long before any central bank digital currency gets developed. The point is that nobody knows what the future tools of the internet will be, they can only see trends and act on those. Most are probably stupid and most will probably be useless, but innovation will inevitably happen. Its fine if you think places like facebook can have the metaverse to themselves, just like it is fine for people to think they shouldn't.

cormacrelf 5y ago
If Facebook were the only player in the metaverse, it would have no value whatsoever. They need other people to invest, because it is too big to build themselves, and it is therefore necessary for others to participate for there to be a market at all. Simply doing it because it’s a trend is incredibly vapid. If you don’t think it’s a good idea, don’t give them your investment. Your choices matter; your thoughts on whether a trend is worthwhile matter, because your participation determines its success. Take some responsibility.
- ayngg 5y ago
  I think there is a misunderstanding here, I'm not involved in any web3 stuff I am just discussing it. I think whether or not you or I think it is a good idea or not is irrelevant because the reality is that there are people that are working on things because they think they are good ideas, and there are people investing in those things similarly, even things you would consider ethically questionable. It happens and will continue to happen. Facebook doesn't need to build it all themselves, they just have to make the platform that everyone else will want to build on, just like what all of the current tech giants have done for the past 20 years. The idea isn't about chasing trends (or even something specific like a "metaverse"), it is seeing where innovation in happening and hopefully avoiding further concentration of power in the future of the internet.