SpaceXponential

Again, as I noted above, Facebook made the 2013 decision to increase the value of newsworthy links for a reason, and in the time since, BuzzFeed in particular has proven that there is a consistent and repeatable way to not only reach a large number of people but to compel them to share content as well. Was Krugman wrong because he didn’t appreciate... See more

Now, though, I realize that this confusion stems from making the same mistake I did in that old analysis of Facebook: I was looking to the real world as a guide to understanding the Internet, when it was in fact inevitable that the Internet would, over time, come to impact the real world. Some of that impact will be fleeting, like many of the... See more

Vitalik Buterin, co-founder of Ethereum, distinguishes two kinds of cryptoeconomic systems: objective and subjective. In an objective system, the protocol’s operation and consensus can be maintained at all times using solely nodes, knowing nothing but the rules of the protocol itself. Subjective systems, on the other hand, require more additional... See more

The serendipitous ingredients for scenius are hard to control. ...  What Camp 4 illustrated is that the best you can do is NOT KILL IT. When it pops up, don’t crush it. When it starts rolling, don’t formalize it. When it sparks, fan it. But don’t move the scenius to better quarters. Try to keep accountants and architects and police and do-gooders... See more

The upshot is this: Communities and cults are both valid and reasonable ways to organize social structures. Flat communities worked well in the early internet of high barriers to participation and limited people and content. Hierarchical cults work better today, when the internet has a plethora of content and people, and all those barriers have... See more

 Attention is a finite resource, and how we choose to spend our attention online is, in some ways, a direct reflection of where human culture has gone in an era where access to information is basically unlimited. We are very much in our teenage years—that is, we suddenly have all these new capabilities and it’s really easy to just run wild. But... See more

This is hardly a profound observation. It has been clear for many years that the Internet made it possible for new communities to form, sometimes with astonishing speed. The problem, as Zeynep Tufekci explained in [Twitter and Tear Gas](https://www.twitterandteargas.org/), is that the ease of network formation made these communities more fragile,... See more

Banks and other industries have “know your customer” rules so that they can’t do business with anonymous clients laundering money from criminal enterprises. Large social-media platforms should be required to do the same. That does not mean users would have to post under their real names; they could still use a pseudonym. It just means that before a... See more