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willtheorangeguy
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2018-WAN-Show-Transcripts

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[849.58 --> 858.10] Because if it's the case that Facebook has so much data about you and they regulate such that that data can never leave Facebook,
[858.10 --> 867.30] then no one else has no upstarts have access to that data in the way that the developers on the Facebook platform did in the past.
[867.36 --> 870.42] And that's how Cambridge Analytica came to get the big data that leaked anyway.
[871.00 --> 875.70] So if no one has access to that, then they're just sitting on this goldmine of data that no one can compete with.
[875.70 --> 879.12] So you're kind of in a pickle either way.
[880.62 --> 886.60] So I'm going to make a straw poll here, which is how should Facebook be regulated or not?
[887.80 --> 888.80] You need four, bro.
[889.76 --> 891.20] Yeah, it self-expands.
[892.78 --> 893.32] Watch this.
[893.44 --> 894.66] Dude, it self-regulates.
[894.96 --> 895.16] Wait.
[895.32 --> 896.98] Oh, I think I have to fill this one out.
[897.28 --> 897.46] Maybe.
[897.52 --> 898.12] And then hit enter.
[899.08 --> 900.36] Not regulated, self-regulated.
[900.88 --> 901.58] There we go.
[902.12 --> 902.46] Nice.
[902.46 --> 904.74] Regulation.
[905.74 --> 906.94] But like dedicated.
[907.20 --> 908.50] They only regulate Facebook.
[914.28 --> 916.08] I can't type on this keyboard for some reason.
[916.38 --> 917.46] Probably because it's way over there.
[917.54 --> 918.76] It's just a really weird one.
[919.06 --> 920.46] It's this QWERTY layout.
[920.66 --> 921.32] I don't know if you're familiar.
[922.92 --> 924.26] I'm used to Dvorak.
[924.26 --> 924.68] I know.
[924.84 --> 925.38] I can't do it.
[925.46 --> 927.56] It's been around since the 1870s, but whatever.
[927.56 --> 935.06] Okay, so we have not regulated, self-regulated, third-party regulations specifically for Facebook
[935.06 --> 937.70] and government wide-spanning regulations.
[937.70 --> 939.88] Are you going to put a troll on there with donkey balls?
[940.80 --> 941.24] Donkey.
[942.06 --> 942.50] Come on.
[942.70 --> 942.90] Nope.
[942.96 --> 944.08] Last week it was donkey balls.
[944.38 --> 944.80] Oh.
[946.56 --> 947.64] We've been regulated.
[949.74 --> 950.26] Internally.
[950.56 --> 951.24] Self-regulated.
[952.12 --> 953.84] Okay, so check that straw poll out.
[954.20 --> 955.02] Hit us with the feedback.
[955.02 --> 956.48] I want to see what you guys think.
[958.68 --> 960.70] I kind of have my own opinion, but.
[961.10 --> 962.28] Ooh, do you have a.
[963.28 --> 968.70] While we wait for that, let's fantasize about some kind of future epic social network startup
[968.70 --> 974.28] that's all blockchain based where every individual's data is completely owned by them is on a blockchain
[974.28 --> 980.04] so that the entire internet is modular so that you can switch from one social network to another
[980.04 --> 984.24] and bring your data with you and release to each social network exactly what you want.
[984.24 --> 990.10] That would be the most beneficial to new innovation because you could start up your own social network
[990.10 --> 994.46] and people could come to it and be like, here's all the data and here's all the connections,
[994.62 --> 1000.80] here's all the people I know, and suddenly you'd have like this really thick market and strong network effects right away.
[1001.52 --> 1002.78] Someone said it's called Steemit.
[1002.98 --> 1004.24] Wow, I don't like that platform.
[1004.48 --> 1006.32] But is that how that actually works?
[1006.32 --> 1010.80] I know that platform is blockchain based, but is it like what you're describing?
[1010.88 --> 1011.76] I don't think so.
[1011.90 --> 1012.42] I have no idea.
[1012.52 --> 1018.92] But what I have heard is that all the current social like blockchain based social media projects are junk.
[1019.42 --> 1019.76] Yeah.
[1019.76 --> 1020.90] I heard it on a podcast.
[1021.02 --> 1021.86] I don't actually know.
[1022.00 --> 1023.16] I haven't tried it myself.
[1023.90 --> 1024.42] Pied Piper.
[1024.42 --> 1029.52] I wouldn't put steam in my title.
[1029.84 --> 1031.68] Sounds like steaming pile, you know?
[1031.80 --> 1036.20] It's like S-T-E-E-M-I-T or something like that.
[1036.28 --> 1037.56] I don't remember exactly how it works.
[1038.00 --> 1040.10] I'm going to check in on this straw poll actually.
[1040.42 --> 1040.86] Let's see.
[1041.64 --> 1041.94] Wow.
[1042.04 --> 1042.32] Okay.
[1042.34 --> 1044.80] Not a meaningful split at all really.
[1045.88 --> 1046.28] Donkey.
[1046.92 --> 1047.24] Donkey.
[1047.80 --> 1048.94] Second place.
[1049.06 --> 1049.36] Okay.
[1049.36 --> 1052.94] That plays into what we were saying earlier where it's like, honestly, most people don't really care.
[1052.94 --> 1056.30] Or maybe they care, but they just don't know.
[1056.80 --> 1057.54] Well, that's fair.
[1058.60 --> 1061.98] I should have had a, like, I don't know and an I don't care.
[1062.20 --> 1062.74] That should have been.
[1062.80 --> 1063.28] That's Donkey.
[1063.76 --> 1064.24] I guess.
[1064.52 --> 1065.34] The two together.
[1065.52 --> 1067.28] But, yeah, that's the problem is that they're both together.
[1067.54 --> 1068.18] So, right now.
[1068.20 --> 1068.50] Oh, right.
[1068.54 --> 1069.40] I'm not on the screen.
[1070.34 --> 1074.40] Right now we're looking at 25% for third party regulation specifically for Facebook.
[1074.60 --> 1076.18] I'm kind of surprised by that.
[1077.80 --> 1078.58] Do tell.
[1078.94 --> 1082.50] I'm just kind of surprised by that because in that situation you're putting a weight.
[1082.94 --> 1085.52] On Facebook, which I don't think anyone's going to care about.
[1085.76 --> 1090.88] But you're putting a weight on Facebook so that opens the door to more other platforms.
[1091.36 --> 1093.84] But then those other platforms are probably going to have the same problem.
[1094.68 --> 1101.28] And then do you at that point, once they're big, take the regulation specifically for Facebook and then push it on them?
[1101.28 --> 1110.40] Or, like, so do you just let people run rampant with other people's data at the beginning and then go, like, you shouldn't have done that.
[1110.50 --> 1111.70] But we didn't tell you not to.
[1111.76 --> 1112.26] So, it's okay.