Over at BlueSky, Dell Cameron brought up that Facebook’s involvement in crypto, VR, and GenAI aren’t working out because they are only secondary to their main business purpose: surveillance. (link)
I disagreed. Cameron was right in that it failed because their main business is surveillance, but I suspect they screwed it up because it was such a great fit that they got too greedy.
Back in 1999, David Bowie spoke about how music used to be subversive, but had since become merely an information delivery mechanism - it was the Internet that was subversive.
Fast-forward, and the Internet is an information (and disinformation) delivery mechanism - it is crypto and other areas that are subversive.
The thing that is subversive now is the what will make money in a few years.
Backlash Technology is a term coined by Peter Watts - it’s tech for which one of the key properties is a prominently displayed middle finger at something else. Think Signal and Telegram adoption spikes whenever WhatsApp screws something up, or crypto as a reaction to the financial system (particularly in places plagued with hyperinflation).