As cryptocurrencies rise and fall, there’s one number that just keeps going up. Whenever somebody loses money to a crypto scam or hack, the Grift Counter on Molly White’s blog, Web3 Is Going Just Great, spins higher and higher. Recently it ticked over $12 billion. White started the blog in December 2021 out of frustration with the mainstream coverage of crypto, which she says paid too much attention to rags-to-riches tales and not enough to its dark underbelly. Her goal was to paint a fuller picture, to chronicle the thefts and failures, debunk the marketing spiel, and underline the risks in the process. A software engineer by trade, White coded Web3 Is Going Just Great over the span of a few weeks. It was only a side project, designed to “entertain me and me alone,” says White; she never imagined it would gain any traction. But within a few months, the blog had become a viral hit, earning White a reputation as an authoritative crypto pundit. Cryptocurrencies, NFTs, and all the related bullshit are nothing but pyramid schemes – MLMs for tech bros. I’m glad most of us and the wider world has finally come to the same conclusion.
Clown car Archive
It appears that Microsoft is getting more aggressive with Windows 11 promos. A Reddit user (the post is now removed) has published a photo of their Windows 10 computer with a full-screen Windows 11 ad offering to upgrade to the latest operating system. And in typical Microsoft fashion, available options are as head-scratching as it gets: two buttons, and both mean “I agree”. It’s garbage all the way down.
You fucked up real good, kiddo. Twitter is a disaster clown car company that is successful despite itself, and there is no possible way to grow users and revenue without making a series of enormous compromises that will ultimately destroy your reputation and possibly cause grievous damage to your other companies. The essential truth of every social network is that the product is content moderation, and everyone hates the people who decide how content moderation works. Content moderation is what Twitter makes — it is the thing that defines the user experience. It’s what YouTube makes, it’s what Instagram makes, it’s what TikTok makes. They all try to incentivize good stuff, disincentivize bad stuff, and delete the really bad stuff. Do you know why YouTube videos are all eight to 10 minutes long? Because that’s how long a video has to be to qualify for a second ad slot in the middle. That’s content moderation, baby — YouTube wants a certain kind of video, and it created incentives to get it. That’s the business you’re in now. The longer you fight it or pretend that you can sell something else, the more Twitter will drag you into the deepest possible muck of defending indefensible speech. And if you turn on a dime and accept that growth requires aggressive content moderation and pushing back against government speech regulations around the country and world, well, we’ll see how your fans react to that. Fin.