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Facebook Renames to Meta

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Re: Facebook Renames to Meta

#923
post #86

If there is going to be a metaverse, I'm not sure I want Facebook to own it. It's like a bad sci-fi pulp story. Given their investment and research, I wonder if they should open it all up (even if contradictory to short-term gains in ad revenue) so it has a chance to grow? Federate it a bit more than they are comfortable with, to at least give it a chance. I could see this flubbing out hard otherwise. I'm personally…

We could rename metaverse. Maybe derive prefixes from chemistry? Meta, ortho, para. Paraverse. Orthoverse. We can't keep using metaverse now.

Perverse.

Re: Facebook Renames to Meta

#924

Earlier quoted context omitted.

> enforcing digital scarcity in a federated metaverse I don't know, I feel this sentiment betrays a industry-wide common lack of imagination. We start building digital realities, and our first thought is to try and make them more crappy like the regular one? Nobody really likes scarcity other than speculators and collectors. We shouldn't be trying to invent more of it, we shouldn't be trying to get rid of the advanta…

On the flip side, a lot of people posit that it's exactly this mentality that caused the creation of the advertising profit model in the first place. Net users were unwilling to pay for content because content is trivially copyable, and the early net was idealistic so "Nobody really likes scarcity other than speculators and collectors". Advertising was a way to sidestep this problem altogether and turn users into the…

> since nobody was actually willing to pay for the product

That's not necessarily true. In fact I don't think that holds at all. They've bought smartphones and laptops for hundreds and thousands of dollars and pay many tens of dollars every month to access the Internet. People are already paying quite a bit to access content on the Internet.

The problem with paying for most types of content is the content is not worth the amount of money it's practical to charge for it. Charging money on the Internet is expensive and has lower bounds below which no one will even conduct a transaction. That lower bound is about a dollar and so many transaction fees come out of it a seller is not going to end up with a whole dollar and the buyer will end up paying more than a dollar.

A blog post, gif, or YouTube video is not worth a dollar. For most people they're not even worth a whole penny. They're certainly not worth an up front payment sight unseen.

In the early days of the Internet charging for content was even less practical and more expensive than today.

Advertising on the Internet, like advertising in other media, is a way to "charge" users some fractional penny to access some content. In aggregate the content creator can make money based traffic. While AdTech has reached asinine levels of intrusiveness the concept of advertising isn't necessarily bad. It also doesn't exist just because users are cheapskates.

Re: Facebook Renames to Meta

#927

> A future made by all of us You can't even watch the keynote without a Facebook account...

That sounds pretty ominous though. When you see many governments legislating to make it very difficult for people to create their own jobs, almost like forcing them to work for someone else, it may be that only jobs in the future will be at Facebook, Google, Tesla or Amazon.

Re: Facebook Renames to Meta

#928

Can anyone here convince me AR/VR isn't a fad? If FB is headed towards a metaverse where our insane uncles can embed themselves further in a false reality, how is it that the rest of us sane individuals want to join their conspiratorial matrix? Even taking out the crazy uncles, VR makes me insanely nauseous. What's more, it's very expensive to get solid VR that doesn't, nevermind it still looks terrible even if you h…

AR/VR are just one of the surfaces. I think it will be sort of "Second Life" on industrial scale. It would be available in all places. Most people will probably end up using in 2D. Now we can expect people to spend their free time on raising virtual pets, do virtual farming, go "outdoors" in artificial scenary and being preyed on by weirdos in those worlds. It is like a drug and could be a big business.

Re: Facebook Renames to Meta

#929

While their mission of connecting people sounds nice on paper, they have shown over and over that they place profit first, which is not necessarily wrong for a corporation, but this incentives engagement over connection. We've seen that as Facebook grew bigger and the engagement algorithms took over, that the worst of humanity is brought out. Despite there being genuine connection and overall improvement to people's…

I have actually felt "connect the people" is very naive and cause of virtually all of their problems. It matters who are you connecting to whome. Are you connecting terrirists to other tterrirists? Are you connecting pedophiles to their potential victims? All connection tools are massive amplifiers for the adversaries and if they are left uncheck then disadvantage can overwhelm the advantage. I think their mission should be connecting the right people for the good purpose. The problem is these adjectives are hard to define except probably at the extremes.

Re: Facebook Renames to Meta

#930

Meta-comment: Corporate press releases are poor OPs; it is only the facts and spin they want to present, rather than good journalism which covers more facts, other analysis, multiple points of view. It's similar to the reason that Wikipedia doesn't allow primary sources (last I knew), only secondary ones. The primary source has a strong bias and can say anything.

there isnt a lot to write about as people have not seen it yet. Generic pontification about the metaverse is as old as the internet.

I mean coverage of the announcement; there is plenty of that.
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