Google is charging its employees $99 a night to stay at its on-campus hotel to help "transition to the hybrid workplace."
Google is charging its employees $99 a night to stay at its on-campus hotel to help "transition to the hybrid workplace."
Depends on the implementation, you can make contracts do anything, and if the bulk of the currency is premined and in the hands of the corporation, they can manipulate its value freely. Not every cryptocurrency works the way Bitcoin or Etherium work, some are quite centralised (see XRP for example).
Meta could demand that ads on its platform are paid in metabucks, pay employees (partly) in metabucks and manipulate the market by controlling liquidity. Essentially they’d be their own sovereign corporation issuing its own currency.
All true!
You should consider transaction fees though: someone’s gotta pay 'em. “Run their own chain” you might say, but then just use a database. Don’t need crypto-economic security when you’re the issuer and primary retailer.
That leads into having a public ledger. Great for public blockchains, but if you’re issuing company scrip, you probably don’t want outsiders auditing transactions.
Yeah, transaction fees can go to the issuer, so the corporation could double dip.
And as for transactions being publicly available on the ledger, SEC filings are public too, corporations openly bragged about raising prices beyond inflation and making record profits and they still had most of the populace convinced that the cause of inflation was just those darn lazy Millennials that didn’t want to work any more.
In the modern manufacturing consent era, it doesn’t matter that the truth is publicly available as long as you control mainstream media (which a corporation like Meta can easily do, first on their own platform and secondly by buying ads in the right newspapers).
Yes, if you just don’t build houses for anybody but the wealthiest, you make more money for less work.
People gotta realize that the housing crisis was the “free market” solution.
What kind of 19th century style exploitation is this?
This kind of shit is why unions are needed.
It exists because very few people say no. Meaning, we allow it to happen.
You have a right to self determination, exercise it.
“Because fuck you, that’s why.”
No I just mean the this is yet another item in a LOOOOOOOONG line of things where Google has gone the pure shit route.
In the last couple years, Google serves me more ads as search results than actual relevant results. The enshitification of the internet is real and I finally see it. I’ve have enough. Between Reddit, twitter, Google, SEO, Facebook and friends, Amazon becoming wish.con, etc everything is just going to shit. Maybe it makes me some old boomer dreaming of the glory days, but I’ve had enough. I refuse to be a product and I refuse to put any money towards these shitmaster overlords if there’s any way I can help it.
We are not the people that need fighting for
At least not yet. Wait until the capitalists start replacing us with cheaper AI