lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Wednesday, 10-Jan-2024 01:03:51 EST
lnxw48a1I was thinking about the news that Elon Musk plans to launch #X / #Twitter peer-to-peer payments this year. If he's not willing and able to allow the company to meet regulator requirements, they will find it very difficult to get banks to allow their system to connect to the existing financial system. And that means people will have to buy some sort of in-game tokens or something.
This does not necessarily mean a #cryptocurrency token. I don't imagine he would enjoy the "visible to the world" nature of most cryptocurrency transactions. It could be something more like "Linden dollars" in Second Life or the Fortnite in-game currency (I occasionally buy a gift card for it then send the card to my grandson #A1).
The Verge article extolling the #Fediverse. I personally think the writer has the wrong point. #Facebook isn't good. Its attraction is "everybody I know is on Facebook" and not any of its half-baked features. Therefore, multiprotocol / multi-network federated social is important to dethroning #corpocentric #socnets like XTwitter ( #x.com / #twitter ) and Meta's Facebook & #Instagram.
I feel this writer's exuberence will turn out to be fantasy, mostly because of misunderstanding what keeps people in the walled gardens and what it will take to free them.
One hundred million downloads & signups, but I wonder how many have posted at least once. I'd like to see their monthly active users number when it comes out.
#Meta / #Facebook is building a #Twitter clone under their #Instagram brand. Apparently, there's discussion of various #ActivityPub #Fediverse projects' lead developers signing an NDA and having discussions with them.
The participants appear to be deleting evidence.
I'm not spinning a conspiracy theory. I just don't think Gargron or Dansup have any idea what kinds of restrictions an NDA can contain. They risk long-term damage to their projects and some impact on their careers.
So is it just #Reddit or all of surveillance capitalism following #Twitter lead to charge for the open API access that had empowered their adoption? #lemmy#fediverse
♲ @kixik@lemmy.ml:
Reddit will begin charging for access to its API
Not sure how that will affect libreddit or teddit. That'd would prevent me to get some news on specific channels, which when interesting enough, I brought to lemmy, 😀
@clacke I was here in 2009, so it was still early days, but apparently not as early as it felt. For example, the former Twitter employee who created some of the standards that Identica and StatusNet used (including at least one that Mastodon still uses) was unknown to me. I remember hearing about #Twitter plans to federate with #Identica, but I was not aware that they had sent at least one message across networks before deciding to go toward the walled garden model.
This "WeChat does everything" idea sounds similar to what App dot Net was trying to do. If I recall correctly, ADN was supposed to be a support layer where different things could ride atop. They built their microblogging thing and I think there were a few alpha products being built, but they ran out of funds. I think partly because their biggest product was the microblogging site, and it was mostly a smaller and paid version of #Twitter ... it is hard to gain enough paying customers for the same thing that a larger zero-price competitor offers.
So let's say Twitter goes 100% paid, will they still be the world's leading source for news and information? I cannot answer, but I don't expect to be among their customer base.