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hermesfeet

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Why Crypto Matters (and It’s a Lot More Than Bitcoin)

raohacker.com
3 points·by hermesfeet·5 anni fa·1 comments

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hermesfeet
·5 anni fa·discuss
Thanks for laying out your logic.

I work in the ads business at FB. I do so because I personally like ads and my biggest gripe is that ads are not relevant and personalized enough. I want better ads.

Ultimately ads support a robust ecosystem of free software and content that keeps many creators going. Consumers can also choose to buy their software and content, or donate, but most don’t. Despite their whining, most people want free stuff, and ads are almost free (a small attention cost).

I think people comparing ads to guns, plagues, and locusts need to check their own values. Ads support free stuff for the poor and middle classes. Rich coastal elites can tell themselves they will pay for everything, and that’s great (most don’t). Most consumers cannot afford to pay for software or news subscriptions. Ad models fill out the spectrum of options.

Is the current ads ecosystem perfect? Clearly not. There’s a lot we need to do to educate users, get consent, and increase control and transparency. On the flip side, this needs to be simple and easy: consent needs to be an understandable and low friction process to avoid consent fatigue. They are also plenty of privacy enhancing technologies like differential privacy and local caching to deal with data sharing issues.

If you hate ads, lean into that. Don’t work for adtech, block all your ads, pay for everything. I support you and respect that! I just think it’s mean and shortsighted to think that everyone else is like you and to aggressively attack adtech engineers, platforms, businesses, and the billions of consumers who aren’t as rich as you and will happily watch ads to get free stuff. The internet is great because a lot of high quality stuff like software, news, videos, etc is free for anyone, anywhere. Ads make that possible and I’m proud of it.