"It's a private company, they can do what they want!"
Just build your own host bro
Just build your own financial banking system bro
just build your own social media platform bro
just build your own payment processing platform bro
just build your own internet infrastructure bro
orb otpyrc nwo ruoy dliub tsuj
it's a good place to start because it's easy and can give confidence for tackling the harder ones
Common Folk: We want a chance at financial stability."
Rich Folk: "Invest your money."
Common Folk: "OK, GME it is."
Rich Folk: "Wait. Not like that. Stop. This clearly must be outlawed."
Sometimes the answer is given, that it's the same impulse as playing a computer game and money is the score.
But the last few days, something else occurred to me, watching the kind of disarray of various billionaire hedge fund types. A big attraction of wealth on that level must be the sense that you're smarter than nearly anyone else.
This situation punctures that and it seems like a lot of quotes in the news are about scrambling to save face and protect peoples' self images. I don't think they are actually outraged over monetary losses as such.
It's interesting that people are comparing it to Occupy Wall Street.
[1] https://www.marketwatch.com/story/large-gamestop-shareholder...
My comment above makes no statement about who is going to eventually profit from this.
My comment is about how as soon as the "common folk" start to take their destiny into their own hands, the "rich folk" cry foul, to the point where Congressmen are issuing press releases, and there is talk of completely re-designing the entire system.
There is an awful lot of whining coming from one end of the wealth spectrum right now.
Nobody says this; attempting to build your own financial banking system is one of the most illegal things you could do.
As for the penalty of breaking the law, if it is enforced it will likely still have been the cheaper option for those who made the call.
People did this. For decades.
Seriously. The lack of imagination here is embarrassing. Cargo cult engineering.
I suggest you read up on what a real persecuted site does. https://www.businessinsider.com/the-ingenious-way-the-pirate...
New achievement unlocked 'segregation'.
I think the real solution here is we need to break up the social media companies. Have each community be its own self hosted website again where the moderators of the community take responsibility for it and apply their own rules. The government can then step in and take action if the communities are illegal.
Facebook is definitely stuck between a rock and a hard place here though. This is why I think Mark Zuckerberg is actually being authentic when he says that "Facebook needs more regulation". He's already seen this problem and knows that having that subjective burden offloaded onto the government is the only true solution, i.e. "just tell me what the rules are and I shall play by them". Conveniently, these additional rules would also make it much harder for a new entrant to come unseat Facebook. So more regulation from the government is, in reality, win-win for Facebook.
What makes you think so?
There's violence and abuse everywhere on Facebook I guess
E.g. Asgardia can be considered a surprisingly successful proto-nation. AFAIK UN actually contacted them and asked to launch a satellite into space (which they can) but that ended up a diplomatic failure.
> or won't let you into the UN
Getting into the UN hardly really means much. There are many nations in the UN nobody cares about. There also are nations not in the UN yet very relevant (e.g. Taiwan which was among the UN founders).
For instance:
People generally seem love to make excuses for Power when it's stepping on people they don't like, and are then somehow surprised when Power turns around and crushes them.