Message from @beaker

Discord ID: 506755301979193354


2018-10-30 09:01:30 UTC  

I think that's happening anyways.

2018-10-30 09:01:37 UTC  

its happoening becuase of uncertainty

2018-10-30 09:01:39 UTC  

I would not bet against you

2018-10-30 09:01:44 UTC  

people are worried what will happen if dems win

2018-10-30 09:01:51 UTC  

so theres always a decline before an election

2018-10-30 09:01:56 UTC  

that and feds raised interest rates

2018-10-30 09:01:57 UTC  

I've been tellling people the economy is going to tank once we get serious internet regulation.

2018-10-30 09:02:04 UTC  

But Europe is already doing that.

2018-10-30 09:02:17 UTC  

Tech has been propping the economy up for awhile and it's based on growth projections.

2018-10-30 09:02:19 UTC  

Plz explain?

2018-10-30 09:02:28 UTC  

We have had net neutrality for years

2018-10-30 09:02:33 UTC  

But as GDPR comes into effect, stuff like AI becomes difficult or impossible.

2018-10-30 09:02:35 UTC  

The economy is still fine

2018-10-30 09:03:06 UTC  

Simultaneously, people start abandoning and losing faith int he companies and they start looking less like a growth sector and more like and established and stagnant market.

2018-10-30 09:03:24 UTC  

This causes the values of these companies to tank, and it takes everything else out too.

2018-10-30 09:03:31 UTC  

Likely via the banks.

2018-10-30 09:03:43 UTC  

Are you talking about tech companies or telecommunications companies?

2018-10-30 09:04:01 UTC  

You have to understand, privacy is kryptonite to Google and Facebook.

2018-10-30 09:04:23 UTC  

The Silicon Valley companies in general, but mostly the big ones involved in stuff like advertising.

2018-10-30 09:04:35 UTC  

They've been overvalued for awhile.

2018-10-30 09:04:39 UTC  

they will simply buy people's privacy i think

2018-10-30 09:04:48 UTC  

start paying ppl for information

2018-10-30 09:04:51 UTC  

They already do.

2018-10-30 09:04:58 UTC  

and people will sign up in droves

2018-10-30 09:05:01 UTC  

They pay you with a service.

2018-10-30 09:05:21 UTC  

By any means, that's money out of their coffers. Which hurts their valuation.

2018-10-30 09:06:12 UTC  

they're almost too big to fail really.. for every service that takes a hit, they will develop new services

2018-10-30 09:06:16 UTC  

When the banks don't make return on investment, they become more careful and it slows growth elsewhere.

2018-10-30 09:06:21 UTC  

they have unlimited resources

2018-10-30 09:06:21 UTC  

I agree. I'm not saying they die.

2018-10-30 09:06:40 UTC  

I'm saying they experience a hit to the stock price and it takes out the economy at large.

2018-10-30 09:06:48 UTC  

Exactly what's meant by too big to fail.

2018-10-30 09:07:27 UTC  

what i hate most is the centralised bias control these company have, and everyone still uses them

2018-10-30 09:07:40 UTC  

But like, Tim had that article about how FB lost half it's young users. That's going to *sting*

2018-10-30 09:07:57 UTC  

I think that's the general feeling around here.

2018-10-30 09:08:03 UTC  

They're not neutral platforms.

2018-10-30 09:08:08 UTC  

reddit, twitter, etc banning everyone left and right they disagree with

2018-10-30 09:08:16 UTC  

I actually have bigger worries with respect to Tech.

2018-10-30 09:08:28 UTC  

AI?

2018-10-30 09:08:29 UTC  

We haven't even seen the tip of the iceberg on the kind of control that's possible.

2018-10-30 09:08:31 UTC  

Most companies like Facebook own multiple social media platforms