Also, NFTs! Look ma, I'm burying the lede so people won't think I'm
fixated on this one topic! Facebook is pushing away from the damn
things, yay! They're 'winding down' support for 'digital collectibles'
in Facebook and Instagram. Plus, its crypto-wallet project 'Novi' has
been shuttered and its proposed crypto-coin isn't going anyway.
Details on the 'why' are scarce - especially after Zuckerberg made so
much noise about how important NFTs were going to be to his metaverse
- but I think it's safe to assume it's because it wasn't making money.
Which is a good sign; it means fewer people are getting caught up in
this nonsense. Crypto will never go away - because scams never really
die out - but hopefully it can be brought down to manageable levels
rather than being seen as the Next Big Thing that needs to be
incorporated into every piece of tech. https://www.engadget.com/meta-is-killing-nft-support-on-facebook-and-instagram-225517412.html?src=rss
Google remains strong at present but its inability to
meaningfully innovate puts the company's future in jeopardy.
Crypto will never go away - because scams never really
die out - but hopefully it can be brought down to manageable levels
rather than being seen as the Next Big Thing that needs to be
incorporated into every piece of tech.
Finally, the Microsoft/Activision deal is still having a lot of
problems getting past the finish line. The EU seems to think that
having two giant gaming publishers merge might somehow be bad for the >industry as a whole, bandying words like 'monopoly' and 'unfair
competition' around. But I mean, we're talking about Microsoft and >Activision, two companies with sterling reputations... what could
possibly go wrong? Sony is the biggest objector, pointing out how
Microsoft basically nixed all Playstation ports of Bethesda games
after acquiring that company. Some people have pointed out that Sony
is being a bit hypocritical in its argument, since it isn't averse to
using exclusivity deals to bolster sales of its own game console...
but I think that only strengthens the EU's argument. Just because you
have one corporation acting unlawfully doesn't mean you need to make
it 'fair' for another corporation to do so too. But Microsoft isn't
taking this lying down, and has some major media campaigns in the UK
and Europe trying to convince people of the rightness of its cause.
Anyway, just a few thoughts on some of the industry news that caught
my eye. It's sad that these days I find their shenanigans more
interesting than their products. But triple-A published games are so
grindy, and so over-full with monetizations, or just are bland sequels
or remakes, that it's no wonder I focus more on the classics of
yesteryear than their newest releases. Maybe these corporations should
work on that rather than trying to buy their way to dominance.
What is best, CEO?
"To crush your enemies, see them driven before you, and to hear the lamentation of their shareholders"
Not to mention a lot of the banks that were dealing in crypto are being
shut down. I don't know how bad that's going to affect everything though, and it's not necessarily because of crypto.
On 14/03/2023 22:27, Justisaur wrote:
Not to mention a lot of the banks that were dealing in crypto are being
shut down. I don't know how bad that's going to affect everything
though,
and it's not necessarily because of crypto.
The only one to hit the news in the UK is SVB and it's interesting (well
to me anyway) as to the problems being a combination of the customer
profile (small tech companies), deregulation, inflation and long term
bonds. Once customers started withdrawing large amounts of cash it lead
to a cycle making another loss on the bonds and that worrying more
customers into removing their money.
On 3/16/2023 4:32 AM, JAB wrote:
On 14/03/2023 22:27, Justisaur wrote:
Not to mention a lot of the banks that were dealing in crypto are being
shut down. I don't know how bad that's going to affect everything
though,
and it's not necessarily because of crypto.
The only one to hit the news in the UK is SVB and it's interesting
(well to me anyway) as to the problems being a combination of the
customer profile (small tech companies), deregulation, inflation and
long term bonds. Once customers started withdrawing large amounts of
cash it lead to a cycle making another loss on the bonds and that
worrying more customers into removing their money.
That snowball effect as more and more customers try to withdraw their deposits in a panic all at once is the common theme in pretty much all
bank collapses.
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