66 karma · joined March 29, 2022
So I have been trading with others and will never use CB for anything but cold storage. (Which they're great at)...
The company is the worst I have ever dealt with. There is no way to interact with a person. So if something does happen, you have NO RECOURSE.
Based on my experience, they will be bankrupt. This is a certainty. You cannot have a financial entity that has ZERO human interaction or service. No trust, none at all...
So yes, saturation has been achieved. What comes next is the methods of how we as humans connect. (remember, FB was just a condensed and easy to use version of the Web at large), they just made it really easy to post and share.
Do you really think we'll need a centralized service to do this in the future?
News, as its meant in the lexicon, is factual based reporting. Twitter is the opposite. Its a hodgepodge of everything. You have to mine the data to find the gems.
Very few people (percentage of the pop) are on Twitter. People hear about Twitter via other media's amplification. So on its own, its a small platform with oversized influence.
Fred was trained by the US Gov to fly, went to the most exclusive schools and inherited 40million in the 70s! That's 250million today... You can think this is a story of a selfmade man but you'd be wrong. He may have built a business, but he did it from the highest rings of the ladder having been placed there by his privilege.
One solution is to charge users $1 to tweet. Charge users with over 10k followers 1k a month per 10k to Tweet to their followers.
Its a PR machine, not a news source. Treat it like one and its value will both rise and fall...
It shows how awful FB is at design and UX. They really are the Fisher Price of the web. Its seems as if they build for stupid people who have no tech skills... In other words: the majority of people...
Also: look at what FedEx pays in Fed taxes. Its zero most years.
The fact that he comes from money makes this whole thing even more ridiculous. He did not build anything from scratch, he literally started on 3rd base and was handed his field position before he even started...
This also seems to ignore the fact that UPS existed decades before his company, a company that he intentionally named Federal Express to fool people into thinking it was a government entity...
This toxic hubris is a big part of what is wrong with our society. These men no longer look at their fortune as a series of lucky breaks, good timing and countless hands-up by others and their government. Things that are only possible in a society that paves the way ahead of them... Instead they think they and they alone are the reason that they're successful.
The fact is that everyone "stands on the shoulders of giants".
It seems that the concept of giving back and paying forward is absent in these men. Instead, they believe they're special and anoiteted by God to drive us in a particular direction. What a change from the 19th century Robber Barrens who gifted us institutions and built the very foundation of a reasoned society (schools, libraries, research institutions etc..). Today? We get personal rockets, politically motivated think tanks and awful narcissistic ideologues who want to rule over us...
For every Gates, there are a dozen Zucks masquerading as royalty and proving that absolute power (money) absolutely corrupts.