They're calling this a stablecoin but AFAICT there's no direct mention of blockchains or decentralization or anything else along those lines, have we wrapped all the way around to using crypto nomenclature to talk about plain old centralized ledgers?
Not that I'd complain about one less pointless blockchain in the world, it's just funny.
You all need to stop being so pessimistic. This is a great idea.
Want PBS to stick around? Make it so anybody who's sticking on chat GPT gets great answers from PBS and every time ChatGPT scrapes it, PBS gets money.
Is it extremely difficult? Obviously. Will it work? Probably not, very few things do. Is it a great thing that some folks are doing it and trying to make it work so that we can have a functional media ecosystem in a post-social-media age? Absolutely.
"Rules, triggers, and workflows can be embedded directly into payments, making them smarter and adaptable." -- are they smart contracts? What kind of workflows? Does the workflow involve sending messages to agents or making HTTP requests?
Ah, I see their end goal here. You can either use a full browser to download data from websites (which is what most people will still do), but they provide a temptation to just pay CloudFlare to bypass their Turnstile (which corporations might go for, then they'll probably try to expand this to the average person too).
I have found that grand announcements like these that aren't accompanied by "you can use this for <major use case> starting today" are likely not going to amount to much.
It doesn't have to be "bullshit", in the sense that it can be working tech. The question is - who will use it, and why? Being such a large company and major player in the space why don't they have launch partners lined up and ready to go?
Basically they will become the toll-lords of the internet.
And because of that, THEY can choose what they accept as payment.
A stablecoin (probably just run by them but technology coming from one of the stablecoin providers like Paxos) is perfect for this, as it will be regulated and akin to a digital dollar, with the addition that they can earn yield on treasury bills at the same time.
Dear whiners: the reason the internet sucks today is because this didn’t already exist. Do you know why Reddit did their horrible redesign and locked down their apps? It wasn’t because you didn’t complain loudly enough, it was because their shareholders were concerned about losing out on profits from data scraping AI companies. Do you know why Twitter can’t be read without logging in? It’s because their shareholders were concerned about losing out on profits from data scraping AI companies. Do you know why you don’t click Quora links? Because they don’t serve you useful results, because they’re concerned about losing profits from data scraping AI companies. Do you see the pattern here?
The open internet died a very long time ago. It’s been dead for years. It’s not coming back unless we figure out a way to make shareholders happy. Paying these companies for the content they host is how that happens.
Readit News
Not that I'd complain about one less pointless blockchain in the world, it's just funny.
That said, they’re emphasising speed. (“Instant.”)
That seems to preclude using a major, public blockchain. (On the other hand, they don’t talk up privacy.)
[1] https://netdollar.cloudflare.com/
Edit: I was not wrong.
Want PBS to stick around? Make it so anybody who's sticking on chat GPT gets great answers from PBS and every time ChatGPT scrapes it, PBS gets money.
Is it extremely difficult? Obviously. Will it work? Probably not, very few things do. Is it a great thing that some folks are doing it and trying to make it work so that we can have a functional media ecosystem in a post-social-media age? Absolutely.
It looks like it will be an API for agents [1].
[1] https://cloud.google.com/blog/products/ai-machine-learning/a...
Basically, "pay to bypass our CAPTCHA!".
Idk what this is
Pretty smart.
The open internet died a very long time ago. It’s been dead for years. It’s not coming back unless we figure out a way to make shareholders happy. Paying these companies for the content they host is how that happens.
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