• 6 Posts
  • 1.83K Comments
Joined 3 years ago
cake
Cake day: June 12th, 2023

help-circle
  • The business of business is business.

    Businesses want stability, safety, and predictability. Protests really are kind of the opposite energy. Their whole point is to shake things up and reroute the direction of the world, sometimes in big ways. They can also be unpredictable and unfortunately in some cases even unsafe. I remember seeing every store window on Telegraph Avenue broken the day after a big protest. It was sad. The family owned grocery store got it just as bad as the corporate clothing retailer.

    Not long ago when the Hong Kong protests were off the hook and things were getting super tense there, some Hong Kong family visited us here in the US for the holidays. The younger generation were super informed and watching their phones and they told us all about the protests, the political actors, the demands, the rhetoric, and the energy in the streets.

    Meanwhile, at dinner, the (very wealthy) grandma made a toast and said “Hong Kong needs peace! Doesn’t matter who’s in charge!” There was a super uncomfortable silence and you could see the youngs biting their lips. She has massive business interests there and just wants to keep manufacturing stuff. She doesn’t care about idealism or whatever else.

    If a political candidate is really pro business, they don’t go about their agenda by staging protests. The two really just don’t mix. Businesses lobby and donate.












  • Then social media happened

    Yeah, definitely part of the story. Another thing that happens to all user generated content sites is the following:

    • they start small: some person starts a web forum or creates a cool web app
    • it grows organically for a time, attracting like minds one at a time
    • everything is awesome and the site’s growth picks up speed
    • the site becomes harder to maintain. Software development, security, moderation, and server costs all start to get beyond what the site founders can handle as a hobby.
    • they reach a size where server costs are beyond what anyone can afford as a hobby and at least one person needs to make the place their full time job
    • ads are introduced because you can turn them on and get money - maybe they’re only shown to logged out users or something to control the inevitable blowback
    • people will complain regardless but of course won’t donate a cent of their own to help
    • ads on UGC don’t pay a lot so you need huge traffic to pay any actual salaries with them - this means SEO growth
    • search engines now shower the site with traffic because it has a deep well of excellent content from its early days, and this is welcome because it drives the ad revenue
    • costs also rise as traffic rises because the site’s software was never built for this scale and it needs professional attention and / or enterprise grade service. No one has the know-how for the most meaningful performance optimizations or an appropriate caching layer - though many half assed tinkerers will fiddle around thinking they know more than they do
    • the shower of SEO inbound blows away any concept of organic growth, which is what made the place cool to begin with. Now you’ve got plain old anybodies joining and probably expecting instant gratification when they ask a question. Just as the operators are straining to grow the site to the next level, it rots out from under them.
    • the site operators are under stress. They may have lapses where they disappear for a while
    • someone starts an alternative site promising a return to the glory days of like minds gathering organically. At some point major downtime happens on the original site and drives migration to the alternative(s)
    • back on the original site, the true blue mods from the old days burn out on all this and leave - probably one of them is the guy who started the alternative site. Dedicated mods with intimate and deep knowledge and judgment start to get replaced by volunteers hamfistedly applying rules-based systems and automation. That’s of course nowhere near as good and starts to erode the users experience
    • heroic content creating users are now trapped between the unwashed hordes of the general public and shitty moderators, so they burn out too. The last-douchebag-standing effect takes hold, whereby the whole place is increasingly dominated by the few grittiest nutjob superusers who hold out / hang on the longest and begin acting like they own the place
    • everyone wonders gee what happened to this place and they come up with highly specific explanations, but details really don’t matter - this entire progression is nigh universal and you might say inevitable from the start. The only communities that avoid this fate are the ones that have an extraordinarily easy path to monetization which they use very wisely, or the ones that close membership and dole out new accounts incredibly sparingly to handpicked individuals. But this exclusivity works against growth and feels “elitist” and the bills may still go unpaid as necrosis inevitably sets in without more robust growth. One day the site suddenly goes offline.



  • Thank you for complexifying the stereotype of the mustache-twirling CEO, which most people can’t see beyond. There certainly are more people to blame than just CEOs - people with more power. The entire concept of a fiduciary seems like the seed of evil to me. Once you have a CEO beholden to pursue the interests of shareholders to the exclusion of all others, the incentives are in place for people to get hurt. The shareholders don’t really have to call a single shot (and they usually don’t). The financiers / shareholders are still guilty of participating in this system at all, of course, but surely the CEO is at least as guilty since he’s usually also a shareholder and will be the fiduciary in question to actually carry out the hurting. So I think it’s fair to hate the CEOs, actually, as much as anyone.

    But I would agree that the politicians and lobbyists have to be on this list, probably at the top of it. They are the only ones who can do anything about this entire system, which, as soon as it exists, is a recipe for hurting people. The people who drive the regulatory capture that allows our system to become so shitty are surely going straight to hell.

    What of the rest of us though, who don’t even run for office and give them a challenge?






  • That’s all true. There are also risks with other forms of currency though. Cash is entirely vulnerable to theft (and destruction, and you can even lose it eg: forgetting where you hid it, just like forgetting a password). And other accounts can be hacked and stolen from as well, not always in any traceable way, else there would be no bank fraud or credit card theft. Nothing’s perfect.