RE: Hive; The Ultimate Network Effect
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Yes the network effort is amazing. All it took was one popular friend to promote something and you had multiple people hop on to the new system. It's also why people keep going back to Youtube, Twitter and etc. It is just easier as there are more people there.
As for data, I was watching a podcast yesterday and heard that with enough data, any person's behavior can be predicted. This is why Amazon and other tech companies want your data. If they can predict your actions and keep you coming back, they have won.
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That's why Jack Ma is under enormous pressure from the Chinese government. Alipay knows all its customers behavior, what they like, what they buy and that's a powerful weapon. Alipay and WeChat are both threats for the Chinese government. They are rolling out the digital yuan shortly and want control, control they don't have now as these two giants are controlling most of the financial market.
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True but I think the easiest solution for them is force these applications to use and pay with the Digital Yuan. Any other currency is directly converted into the digital yuan and you pay the premiums to convert back to other currency. If they do so, they force the applications to go through banks for currency exchange. However, that economical system is pretty deadly and I would not want to live in that society.
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AS I know the Chinese, they will do everything to get what they want, no matter the costs. I would not want to live there either, trust me. I know first hand how it is to live in communism.
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This appears to be true. We are going to see AI eating that up and it could be helpful if we all get personal AI assistants. Of course, I dont want that to be run by Zuckerberg or Amazon.
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Unfortunately I think it's likely to happen since they are the at the forefront of the technology and they are also spending the most money on it. I hope people opensource AI assistants and disrupt the market by making things free. Then we could pick people we trust to create the AIs.
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Yeah there is a lot that needs to be done to counter what is taking place within those companies you mentioned. Since they have all the power, and money coming out their ears, they have a big head start.
The one thing on our side is numbers, there are a lot of us. If we can get the development going that doesnt fall under the control of mega tech, we have a chance.
That is why I keep pounding away at the keyboard each day. It all adds to the amount of data out there but it is not on Facebook or Twittter.
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