busybee fluffy rambles Notes

Pretty good overview of the current social media landscape, especially with how it relates to journalism.

Based on their literature, Paintbrush provides a $50,000 loan with a very low-friction application and a fast decision. But the total repayment amount can be as much as $75,000, tied to a personal founder guarantee. That means that if your startup doesn’t work, you as a founder are required to pay that amount back at an amount pegged at 15% of your pre-tax income. For example, if your total income was $150,000, you would pay back $22,500 a year. That amounts to around 22% of what your post-tax takehome pay would be before payments like health insurance and rent.

So basically this is all of the downsides of traditional VC with none of the upsides. Yeesh.

In traditional VC, it’s the investors who are taking the risk of funding the company. This scheme is doing none of that and is instead what amounts to a payday loan.

A great little rant about how “better than nothing” isn’t really the right frame of mind for considering ChatGPT et al.

Had you ever considered just using history rewriting in git itself?

Ben Werdmuller posed a question:

If your company gives its employees a space to blog or journal internally, what platform do you use? What do you think of it?

eg: Confluence has blogs; at Medium they have a whole internal version of the site called Hatch; etc.

Back in the day, Amazon had an internal Movable Type site for internal blogging purposes, although it went mostly unused. When I returned for a couple years in 2012 it was still there although even more completely unused. I posted a couple more entries on it that nobody saw as far as I know.

Nowhere else I’ve worked has had formalized internal blogging (although a couple places had public blogging platforms that were mostly used by marketing folks), although a lot of people certainly would treat Slack as their personal blog.

The core need being expressed by millions of users isn’t “get me a decentralized protocol that nobody owns where I can have my choice of algorithms and apps”. It’s “get me a platform that works consistently, with less abuse”. Sometimes it’s also appended with, “where I can build a following for me / my brand / my employer and measure my progress.”

[…]

Many of us have been wanting decentralized social networking for a long time — I’ve been a part of these conversations for around twenty years. It’s tempting to feel like people finally get it. But that’s a trap and a mistake. As always, quite rightly, most people want something that works for them.

Reminder that Usenet has been around since the 80s and was a toxic hellhole even then. Decentralization isn’t the answer to social media problems, it’s just an implementation detail.

Or, as I keep on saying: The problem with Twitter isn’t that it’s centralized, but that it’s Twitter.