Diem – Facebook open source Cryptocurrency written in Rust
github.com
github.com
https://www.diem.com/en-us/updates/stuart-levey-statement-di...
They still plan to launch a stablecoin in 2022...
https://www.silvergate.com/solutions/digital-currency/diem.h...
https://developers.diem.com/docs/technical-papers/the-diem-b...
Not me.
But they are a poster child for greed destroying a fabulous business. They were on the verge of connecting every single person on the planet, becoming the hub of everybodie's communications.
And they threw it away for a bit of extra monetisation
Bob Iger (ex-CEO of Disney) is the king of this: “We have no obligation to make art. We have no obligation to make history. We have no obligation to make a statement. But to make money"
Yes. Privacy and Monetization can go hand in hand but this is a problem Big Tech isn't looking to solve because they do not consider it a problem in the first place.
If we continue on the current path, the dystopia will only get worse. Companies that refuse to innovate in this space are going to face the consequences sooner or later or on the other hand, people that refuse to stop supporting companies that enable censorship and surveillance will face the consequences as well.
Definition of flail
b) Meta has always been chasing their competition. It's why they have overhauled their feed algorithm multiple times, acquired Instagram and WhatsApp, implemented Stories etc.
c) They are hardly flailing around. Apple has shown them how sensitive and vulnerable their business is to privacy changes. And that if they can own the whole stack and be the Apple of potentially the next computing paradigm then that is a goal worth betting the company on.
I guarantee you Zuck doesn't wake up every morning and say "how can I connect people just a little bit better today". He was just able to say this because the world threw money at him for 15 years so he didn't have to worry about that part.
Facebooks mission is to make money. Crypto didn't help them with their mission. Recreating miis with a vr headset is doing the exact opposite of that mission.
Time will tell. Maybe he will look like a genius in 5 years. I've got skin in the game betting against that
facebook, instagram, whatsapp are all designed to connect with people. VR makes sense especially with facebook users aging out and instagram losing to tiktok.
Besides, it's written in Rust! It's flawless by design.
Relatedly, with ~3B users, this is why I think the regulators shut this down before it started.
To ask for equality of outcome is to ask for equity, which is a dangerous and disgusting ideology as it requires totalitarianism to enforce. It goes against the deeply western values of freedom and individualism.
If you want equality of outcome, you're welcome to leave and move to a society that shares your values. Just know that your destination society may not allow you to change your mind and come back, because again, enforcing the objective of equality of outcome requires totalitarianism.
To put this into more SWE friendly terms, imagine human beings as different inputs. Some are large, some are small. The socioeconomic system is the function the inputs are being fed into. A equality of opportunity function acts as an exponential multiplier - the 2's become 8's, the 10's become 1000's, and the 100's become 1,000,000's. This is why even those struggling to stay above the poverty line in the USA are often in the top 10% of income globally. Even schoolteachers here making a measly $30,000/y are unfathomably rich by the standards of the 700,000,000+ people living on less than $2/day.
It is true that the 1,000,000s and the 8's have a larger gap than they did when they were 2's and 100's, but even the 2 is substantially better off.
An equality of outcome function takes the floor of the inputs, and simply reduces the value of every other input to match (plus a little added corruption for those at the top). 2's remain 2's. 10's are reduced to 2's. 100's are reduced to 10's ("some animals are more equal than others"). This is fundamentally why the Soviet Union failed - the socioeconomic system kneecapped human potential.
The equality of opportunity vs outcome dichotomy conservatives like you present is nonsense. Individualism and freedom (values I care about) are made better with greater redistribution, not worse.
It's clear to me that you're engaged in partisan ad-hominem rather than a rational, reason-based debate, and therefore are not arguing in good faith. Have a nice day.
It is cognitive dissonance to classify these positions and views as right-wing, plain and simple. You're projecting a binary worldview onto a nuanced world.
Facebook .. a large company eveyone knows
open source
crypto(currency)
using the "language of the month"
and a github link!
Edit: the perfect headline would be "How Facebook acquired my climate friendly cryptocurrency startup, rewrote it in rust and open sourced it".
Eschew flamebait. Avoid generic tangents. Omit internet tropes.