AI: Markets for Lemons, and the Great Logging Off

The surest sign of a market for lemons is when everything for sale is garbage, and nobody has an incentive to put something up for sale that's not garbage, because they have no way to credibly signal their offerings aren't garbage, too.

I think we see a decline in the big "open sea" social networks, replaced increasingly by fragmented silos. I don't know what will happen to Twitter, but if Elon's shenanigans cause it to fail I don't think we'll ever see anything quite like it take its place: