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I’m a Victim of Circumstances!

The idea that Facebook was creating its own cryptocurrency intrigues on many fronts. First of all the thought that a private company could take over such a large and public space usually occupied by governments. While I am not suggesting that Libra, Facebook’s cryptocurrency will replace government issue money but if we think that this may not create a copy economy we deceive ourselves at our own risk. In a world were retail giants have fallen silent in the face of Amazon, why should we think it impossible that the government wouldn’t outsource the responsibility for creating currency. We outsource many aspects of our military to Blackwater, our prisons are outsourced to private companies, why not our economy. Why suffer the slings and arrows of uncertainty when we can gleefully turn that responsibility to a conglomerate. The only thing that may make this run a fowl would be the fact that only 27% of Facebook users believe that “Facebook is committed to protecting the privacy of my personal information.” while one might forgive even offer up for sacrifice our data for the latest photo of someones the first course, when it comes to our money, I like to think we take things a bit more seriously. But perhaps that is mistaken. While one of those large banks repeatedly stole from customers and yet, after a slap on the wrist from regulators and still, people gladly trade their dignity as consumers to work with a bank of established liars and thieves. Perhaps we shouldn’t worry about businesses too big to fail and worry about the cost of ones that succeed
If banks can be thought too big to fail, maybe we need to work that Facebook may be too dangerous to succeed.

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internet, social media, Technology, Uncategorized

What, me worry?

I believe it was Cheap Trick that had the song with the lyric, “Surrender, but don’t give yourself away” but it seems like that is exactly what is happening as Facebook is going forward in its plans to create its own cryptocurrency for use across its platform and other partner platforms. While we are invited to surrender to a world of convenience and security we also seem to be on the brink of giving too much away. With the creation of a stand-alone currency seems to be running the risk of starting a stand-alone economy. With the global online economy now running almost seven trillion dollars imagine the power that a corporation could wield in world politics. With a current value of almost 2.3 billion, they could become powerful enough to begin to dictate financial policy in the same way Walmart dictates when it will receive certain merchandise to its loading dock. While we have seen the effective ways that savings and loans can regulate themselves into a $160 Billion dollar bailout, and later banks almost bankrupted the economy only to get a $700 billion bailout, what could possibly go wrong with a single industry dominating online currency and online transactions? Let us embrace our inner Alfred E Neuman- why worry? A rising economy lifts all boats even at the cost of flooding the low lying ports. So sit back, relax and enjoy the ever warming bathwater.

https://www.barrons.com/articles/what-facebooks-cryptocurrency-could-look-like-51557576000

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internet, misuse, social media, Technology, Uncategorized

Only Make Belive…

It was with a certain pleasure I read John Chen’s excellent article, “The Simple Solution To The Technology Trust Crisis” and its suggestions as to how to resolve the issue that people don’t trust the technology that they seem to rely on every day. He suggests that we must own our data and be allowed to be responsible for the monetization or non-monetization of our data, our choices and by extension ourselves, something we have been saying here. It got me thinking of having drinks with a lovely girl from South Africa while in college. She was African and delighted in telling me how in Apartheid South Africa, I would be thought of as less than white, with my olive skin and dark curly hair, that I would fall somewhere on the scale of quadroon, or octoroon. The dictionary reminds that quadroon refers to one who In the 19th century was a person who was one-quarter black and three-quarters white. In other words, a quadroon had one grandparent of African descent. The dictionary goes on to declare that the term is deeply offensive and obsolete.
While that is a charming thought, perhaps the future will see a return of that type of classification for our relation to our digital assets, perhaps we will allow the big tech companies to own our digital personality- digital slaves.  Perhaps we will find this term useful to declare how much of ourselves belongs to us and how much is owned by Google, Facebook or Amazon. Author Kashmir Hill, tried to remove herself from the snarl of big tech only to find that she was unable to live without its convenience. Perhaps we are already fast asleep, and the oozy weeds about us twist as we give the only power have, the power to make choices for ourselves, away. Maybe, for us to even think of ourselves as complete owners of our data, our choices and by extension ourselves is only make-believe.

Are we judged by our digital choices?

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internet, social media, Technology, Uncategorized

Life Finds a Way

The story that Facebook had shut down computers that had begun to talk to each other and were creating their own language made me stop dead in my tracks. While the concept of computers learning and speaking their own language is amazing I was equally stunned by the fact we seem never to learn. We shut down the computers as they had begun to speak in a language that we could not understand but the computers could. It seems that no matter how much we think we know, we never learn the lesson, as Ian Malcolm states in Jurassic Park, “life finds a way. We think we can master nature and make it do our bidding only to find that it has a will of its own. Even now we seem oblivious to the grating roar of waves slowly taking back our cities and coastline. It is easier to think global warming an alternate fact than to accept the consequences of our actions. As a child, if we ignore the problem we think it will go away or think that once the genie is out of the bottle we can control it and put it back whenever we choose. Anything we create at some point takes on a life of its own, a life which will find a way. Perhaps it’s time for us to acknowledge our creations and treat them like the new Adam and Eve that they have become.

ADAM AND EVE, ALTERNATE TRUTH, ANCIENT HISTORY, COMMUNICATION, CONNECTIONS, DIALOGUE, DOVER BEACH, FACEBOOK, GENII, GOD, IAN MALCOLM, INFORMATION, INFORMATION SOCIETY, JURASSIC PARK, KAREL CAPEK, LANGUAGE, LIFE WILL FIND A WAY. FACEBOOK, PERSONAL COMMUNICATION, RUR, SOCIAL MEDIA, TECHNOLOGY

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internet, social media, Technology

My Hero!

Oli Frost is my hero. He decided that he had gotten tired of giving his personal data away for companies to profit from so he decided to download his own data and putting it up for auction on eBay to the highest bidder. The highest bidder will get a flash drive of his personal data and the profit from the sale will be donated to the Electronic Frontier Foundation. It seems that while people have no issue with giving our data away for profit, and we are encouraged to give blood, though there is an issue with selling our selves (prostitution) or even our body parts while they are alive. Case in point, search eBay for live kidney and there are no results but search for shrunken head (no- really. Try it) and you are met with more than 20 results. Interesting that it would be acceptable that we should give away the moments that make up our lives, even our life’s blood in many cases for the profit of others but our selling ourselves in whole or part would be taboo.

Facebook, data, dataexhaust

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internet, social media, Technology

No Man (or Woman) Is An Island

Detroit has a special place in my heart. While performing there I had a lot of downtime in my schedule and as the days turned colder, I found myself spending many of them in my smallish downtown hotel room. My own strange fascination with poetry lead me to read Shakespeare and later, Whitman s “Leaves of Grass”, out loud to myself in the quiet of my hotel room. My fruitful isolation was not unlike our current hand-wringing and gnashing of teeth over the many ways that the internet will lead us all to be social misfits who can’t handle being with others in the world or worse. The same was said to be true of television, that it would lead us to become isolationists, unable to relate to one another or the world. We needn’t look too far into our collective imagery to find examples of people who hide in books to escape a world. It seems that in this instance our new media is just the opposite of the book, while the book is static, the internet is constantly presenting us with new vistas, real and imagined. With Google Earth, I can see places that I may never be able to see in person. I frequently chat with several friends with whom I have never met and only know each other through email. Is that friendship any less valuable or is this just another example of the glorification of a first world problem? We find ourselves more obsessed with inane tweets than the situations that caused them. As long as we allow this to happen, we are creating a greater isolation by turning away from the events of our world and focusing on the distribution of content. Perhaps we need to look at this new technology as the gift that it is and if we choose to, we can turn our eyes from the projections of the blue light on the cave walls. Indeed, we are truly all connected to one another and neither cell phones, or books or anything other media can ever change that. The true delusion is thinking that we are anything other than connected, to each other and to our environment. Perhaps all we really need to do is have faith in our ability to change our world, knowing that it takes more effort than a swipe of the finger.

Detroit, Shakespeare, Whitman, Leaves of Grass, Isolation, internet, Book, Google Earth, Technology, Allegory of a Cave, Cell Phones,

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internet, social media, Technology

Never Go Out of Style

 

After a long day and pouring a (large) glass of red wine, I settled down to read a bit of Neil Gaiman’s “American Gods” when I was stopped in my tracks with the quote, “Information and Knowledge: two currencies that never have gone out of style”. While the quote stopped me in my tracks, thinking of the excellent quote uttered by the brilliant Anthony Hollander in “Pirates of the Caribbean, Dead Man’s Chest” that Currency is the coin of the realm. With our Janus faced thoughts of the caduceus of wisdom and knowledge often the fodder for this blog, perhaps at this point, we need to shift our focus to different horizons. In these days when the CEO of Facebook sits before Congress and says, perhaps we were naïve, makes me think that perhaps he was looking for a balance of information and currency. How charming to miss the stealing of information as one is too busy counting their money. As our political process seems to have become an all or nothing perhaps our whole worldview has moved to that view too. Perhaps, that is the thing we seem to be lacking in our current approach to information and life is balance.

I'm afraid currency is the currency of the realm.

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