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this post was submitted on 30 Jun 2023
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Technology
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What the actual heck is happening to the internet. It feels like it is being destroyed at a breakneck pace.
also, you now are required to log in to view twitter. I don't care that much, but sometimes people would link to tweets and now I won't be able to view them when they do.
"The 2030's are going to be a reckoning for how much of the 21st century was built on the back of low interest rates." See Adam Conover's interview with Dan Olson of Folding Ideas.
Isn't this just what many people predicted what would happen when everybody would use adblock? Now most people use some kind of blocker and some browsers even ship with a content blocker. Now pages need to make money in another way, so that's either subscriptions, donations. or just force people to watch the ads anyway. I doubt people would want to donate any money to YouTube so then you get this.
It is not nice for users, but without income they would have to shut the site down. The same will happen when Lemmy gets popular, people will really have to donate to instance owners or they will also be forced to get money in another way.
This feels incredibly charitable towards multibillion dollar corporations that are in a race to the bottom for pandemic level revenues by making these changes, but I'm no expert.
But most people don't use adblockers. They are going after like 10% of their user base
The corporatization of the world feels like it's coming to a head. You're not allowed to own anything anymore. Everything is a subscription and it's impossible to afford property. You just rent everything putting you on constant edge until you die.
I was just thinking the exact same thing. Things seems to have accelerated lately, but I don't know if this is something regular users even notice or care about and it just feels significant to us because of the recent twitter and reddit idiocy.
I am super excited about all the attention the fediverse is getting. There are still a ton issues to be solved here, but decentralization feels like the next evolutionary step of the web.
One of the issues is "who's gonna pay for it"? And I think the answer is something like "most users are", in the sense that you'd pay your local instance, the same way you used to pay for newsgroups. Thus keeping it out of the hands of venture capitalists, hedge funds and billionaires in general, because hopefully we've learned that that's a bad thing.
Big tech was basically a big dumping scheme, built on top of cheap money (i.e. low interest rates). This prevented smaller competitors from challenging oligarchs, but now the interest rates are too high for this to be sustainable, so they are scrambling to make their businesses actually profitable without admitting the entire business model was unethical and, well... just plain stupid in the long term.
Turns out that storing and delivering petabytes of data isn't free.
We never assumed it was, where do you think these billionaires got their money?
This is the fallout from the technology industry shrinking and coming to terms with itself. See the crash of the Silicon Bank recently as an example. Basically as the positive outlook toward these kind of businesses and pursuits continues to mellow out we'll see these companies look inward to squeeze as much money out of their products as possible.
I feel like this is the best outcome because we've seen people address what really matters to them. People are switching to more local solutions. Engaging with communities they actually care about.