Prepare for backlash against Big Tech
forbes.com
forbes.com
Is there an example of another business sector that was radically changed due to massive public outcry? I can't think of any. There's tobacco, maybe, but that was a long slow process of government regulation, and the tobacco companies are still around.
https://d.tube/ is a decentralized youtube.
https://cointelegraph.com/news/arcade-city-decentralized-blo...
Arcade city is a decentralized uber.
The same could be done for ebay and amazon.
I honestly believe dapps will bring us the free (as in speech) internet we were promised in the 90s.
I agree that decentralization is a potential solution here, e.g. services like Matrix, Mastodon.
Cryptocurrencies are currently a 'get rich quick' fad that won't help with winning back the internet.
There are a few reasons blockchains are a game changer for decentralized apps.
1) It's vastly more difficult to cheat. (remember lying bittorrent clients which would break the rules to improve your download speed by spoofing your ratio?)
2) There is a built in system for compensation.
3) Writing a distributed application is very difficult. Platforms like Ethereum, Lisk, and EOS have done the most challenging aspects of this for you and provide varying levels of control vs ease of use via their APIs.
Valuations of the currencies are dramatically inflated right now but no matter what happens to price in the long term the underlying technology will be revolutionary even if every currency fails.
Like what? What specific things are you having to do today that you wouldn't have had to do in, say, 1998? What sort of behaviors have you learned get you penalized by Google?
Because I've kept running all my sites in the same, unassuming, no-SEO way for the last 20 years and they've always been fairly well ranked in their particular niche topics.
Not going to go into my strategy. I'll just say what I do works for me. Until it doesn't. Like in March when Google made the so-called "Fred" update. Sites that had been running for years just like yours went from the 5th position on page one to somewhere on page 10. Some sites went from page 10 to page 1. On the whole it was a net negative with no rhyme or reason to it, i.e., some lower quality sites ranked higher and vice versa. By the way, none of these sites are spam, are cloaked, aren't https, no PBN crap, etc. They were just there one day and gone the next. Many many people had the same experience. If you didn't then that's great. My point is not woe is me, down with Google. My point is Google being a gatekeeper has an immense amount of power and a subtle change by them can mean the difference between being "on the internet" and off of it. Fortunately I have many sites so I'll survive but a lot of people don't.
> Although many large companies were broken up on the back of this mantra, there is little dispute that size is back - with a vengeance.
I think it's always a mistake to use a singular data point to proclaim if something is dead.
That said, consolidation has become the new norm. Companies and executives trying to either get into every other market or consolidating by buying other companies, hoping synergies will help them keep afloat. This all seems like a mistake.
Most of the consolidating companies don't achieve the "synergy" dream and end up with huge amount of debt. So, companies end up being sold for parts ie broken all over again.
As for the companies getting into every business imaginable, well, they end up spreading too far too thin without relevant expertise. In the end, there is no choice but to sell the loss making unit.
That may mean the advances these companies represent are becoming economically significant. Internet sales, for example, now represent 9% of total retailing.
Above from Greg Ip/WSJ 'A Tech-Driven Boom Is Coming; Please Be Patient'. https://www.wsj.com/.../a-tech-driven-boom-is-coming-please-...
Given the lobbying power of these economically important global business platforms it seems unlikely local 'government' will do very much to rock their boat...
They will do. They did it in the past. See, for example, https://en.wikipedia.org/wiki/History_of_United_States_antit...
We are now in a far more globalized economy, and the US profits from the dominant FMAG stocks and hegemony. The EU will definitely attack this, whether they have teeth is questionable.
I find it a little scary to see how much worse the backlash might look like.
Did anyone in tech not think the reckoning would come? “Are we the baddies?” It’s like working for Marlboro with hoodies and catered lunches.
As a US citizen, thanks Europe!
> damaging the social fabric without care (Facebook, Instagram, Snapchat, Twitter)
Without Facebook and Snapchat my parents would get something on the order of a written letter once a year and a call on their birthdays. With them they get to see daily life snaps on my story (usually funny things my wife or dog do, but whatever) and weekly Facebook photos of family events. It's much higher fidelity than written communication or phone calls and would make the social fabric stronger, not weaker.
https://www.theverge.com/2017/12/11/16761016/former-facebook...
https://www.theguardian.com/technology/2017/dec/11/facebook-...
https://www.cnbc.com/2017/12/15/facebook-just-admitted-that-...
https://www.theguardian.com/commentisfree/2017/dec/19/facebo...
https://hbr.org/2017/04/a-new-more-rigorous-study-confirms-t...
https://www.usatoday.com/story/tech/2014/06/30/facebook-stud...
http://www.cnn.com/2017/01/22/health/facebook-study-narrow-m...
https://www.theatlantic.com/technology/archive/2014/06/every...