Been a minute. What’s new with me?

Not much, but I’m in the middle of a fun dispute with @Facebook.

So here’s a quick thread on how social media shapes society, and unlike most platforms — Facebook is actually dangerous for democracy.

<thread> 🧵👇
2/ First, let’s talk about dopamine, likes, and how social media shapes your behavior.

Dopamine is how your brain rewards you for behavior it likes. Note, I said “it likes,” not what’s good for you.

The goal is to get you hooked on repeating that behavior.
3/ All humans crave social approval.

Social media makes that easier than ever. Make a post people like, they’ll favorite it.

The platform (or publisher) then sends you a push notification, along with a fresh hit of dopamine.

This isn’t an accident. It’s engineered this way.
4/ What happens if you post something people don’t like?

You spend time making a post, and … nothing. No likes, no dopamine — nothing.

This is called a “reward prediction error” in humans. Ever build up plans for an epic night, and then it’s meh? Not bad, but just whatever?
5/ Same thing. But the more you use social media, the more important that reward prediction error becomes.

As you pursue less meaningful dopamine hits, they become more important.

So what do you do? You delete your bad take, and share something that will be better received.
6/ Your brain will try to engineer you into a more performative approach to life, for that dopamine.

It will try and push you to adopt popular opinions, instead of exploring your own.

This is the same as peer pressure, and isn’t necessarily bad. It’s existed forever.
7/ BUT this is where Facebook is different from other social media platforms.

On Twitter, the rules are pretty simple — no hate speech, scams, or harassment.

They might shadow ban you if they don’t like you, but that’s it.

Not Facebook.
8/ Facebook created a whole pseudo-judicial process that isn’t real.

They subcontract moderation to independent companies, where a company you’ve never heard of moderates your content.

Who works at these places? Who knows. They get $15/hr, and the ability to determine truth.
9/ This brings me to my issue. My company published a 1 min video post of a mainstream media journalist who’s in the crosshairs of China.

In it, he discusses a situation presented in Canada’s (BC) money laundering inquiry.

Not particularly controversial, and covered in MSM.
10/ Facebook didn’t pull the post. It deleted my account, which was attached to the @BetterDwelling page. They then booted all page managers.

Surely this has to be a mistake, right? How is discussion of the BC money laundering inquiry against the terms of service?
11/ It’s fine, I heard they have an appeal process.

So I upload my Passport, as per the request of the world’s largest data harvesting company. Says I should get a response on the 22nd (also my b-day? Yay!).

No response. From forum posts, it looks like they never respond.
12/ That’s fine. They testified they have an oversight board if appeals are disputed.

If some rando decides to wipe me off the platform (insta + oculus too) for a post that wasn’t offensive enough to ask me to delete, I can appeal.

The board only reviews bad PR, it appears.
13/ Facebook isn’t shaping opinions via peers. Rando mods do.

FB promised high profile politicians (that will never deal with this problem) it has a process. It doesn’t.

Back to dopamine. Your hits on FB are now pre-selected by people that frankly aren’t all that smart.
14/ In this case, I’ve spent a ridiculous amount of capital on money laundering research in Canada, and communicating the issue.

After a huge struggle from a small group of people in the #VanRe community, it’s finally acknowledged to be a problem.

The Fed even agreed.
15/ But nope. A subcontractor determined it’s lie, with their expert knowledge and lack of bathroom breaks.

Actually, it wasn’t just a lie. It was the worst lie possible, warranting no ability to use the platform. One time, no warning.

Want your dopamine? Follow FB’s narrative.
16/ The money laundering issue can only be discussed by those with a platform large enough to cause a PR issue for Facebook.

Anyone else? Go fuck yourself.

We actually lost a good employee last week, because they were worried about being nuked from social media.
17/ Now I firmly believe that private companies have a right to self-governance. If it wants to make arbitrary decisions about content, go nuts.

However, that makes them a publisher, not a platform.

By claiming they’re a platform, they receive generous legal protections.
18/ But a platform has clear terms of service, not selective.

By selectively enforcing them, a billionaire is running a media company to promote a message, but claiming exemption from any consequences.
19/ Can you imagine CNN or Fox with no consequences, and claiming the broadcast of specific interviewees or hosts is in no way their legal responsibility? Zero fucking way.

TL;DR Facebook should be broken up and regulated, because they’re a manipulative media monopoly.
And yes, I know I can discreetly sidestep this issue by leveraging connections to get an executive to nudge someone to review it.

I don’t want to.

This issue isn’t about me. It’s the scale of manipulation they’re using, and lying to politicians about how it works.
Also, if you're curious what the video was — it was this 1-minute clip with Sam Cooper.

The 50-year old publishing company that published his book also coincidentally lost their twitter accounts for a few days because of a "misunderstanding" too. 🙄

I'm just saying... if I was in charge of a digital army, I wouldn't hack Facebook.

I would make my spies get jobs moderating content, and have them shape opinions. Virtually no vetting, low paid, and outside contractors.

I would be a very cost-effective military leader. 😬😂
Just talked to Sam Cooper, and he had some interesting insights on Facebook's journalist program.

Unfortunately, I can't share them publicly (yet), but let's just say he deleted his account before the Cambridge Analytica scandal.
OH, COME ON!

Now Facebook is trying to poach one of my employees? 😤😂

Employee just forwarded this email, where Facebook lies about previously discussing careers opportunities with them.

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More from @StephenPunwasi

3 Sep
The Bank of Canada made borrowing cheaper than inflation.

Now just 3 massive funds own over 10% of primary rental housing in West Toronto... but concentrated in a 12-block radius.

Quick thread on 🇨🇦 serving up the poor on a platter.
🧵👇 #Toronto

@Hulchanski @Martine_August
2. Pensions and institutional investors usually have a massive fixed-income strategy. This is income that comes in regularly.

It's usually bonds. Bonds are essentially owning an issuer's debt, and the yield is the interest they pay to you regularly.
3. Bond yields are determined by how much capital is in the system. If everyone wants to lend you money, you don't have to pay a lot.

Think of Zuckerberg, who pays less than 1% on his mortgage.

The opposite is also true. Think of people with bad credit, that have to pay extra.
Read 11 tweets
1 Sep
Income taxes are a tax on labor.

Property taxes are a tax on the monopoly of public resources.

Why are property taxes so low, while labor taxes are so high?

Your first hint is the class of people who designed the tax system.
2. The one thing (real) capitalists and socialists agree on is land is prone to a natural monopoly.

Monopolies are against the public’s interest, so the theory is it needs to be made inefficient to hold land without a real use.

Thread for folks asking for an explanation.
3. Life is ideally a balance between private wealth and the interest of the public.

The Lauderdale Paradox is one of the first explorations into the concept.

Every gain a private person makes, uses public resources. Improvements to life come at the expense of the public. 🤷‍♂️🧵👇
Read 4 tweets
29 Aug
What if socialism is the secret to great hair? 🧐 Image
2. Exhibit B. @David_Moscrop before and after socialism. 🧐 ImageImage
3. exhibit C. @elonmusk before and after billions in government subsidies. Coincidence? 🧐🤷‍♂️ ImageImage
Read 4 tweets
26 Aug
🇨🇦 proving it’s a banana republic.

The first election where people under 40 will outnumber Boomers…

… and 🇨🇦 won’t be setting up campus voting for the first time in decades because of “… the minority government situation.”

#cdnpoli #ItsOurVote
What Elections Canada is doing is voter suppression.

If this happened in 🇺🇸, Canadians would talk about how GOP is corrupt and they’re so glad they live in 🇨🇦.

Now that the elections officer Trudeau appointed removed access to voters he polls poorly with? Silence. 🤷‍♂️

#Elxn44
I don’t think the Liberals know how shitty this looks, but give it a few days.

Elections Canada is galvanizing distrust in your governance with young people right now.
Read 4 tweets
24 Aug
I see Incel/YIMBY Twitter is coordinating criticism of me.

Here's a brief recap of our relationship.

<thread> 🧵 👇

#ToRe #VanRe
2.

Me (2016): Corrupt politicians from China are washing their money in Vancouver, in one of the biggest grafts in history.

YIMBYS: RACIST! That's a lie!

China (2017): Canada. Turn over our fucking criminals.
3.

Me (2017): We built one of the most elaborate capital tracking systems, more complicated than the gov. Money laundering is rampant in Vancouver. This is how it comes in, right down to the gang.

YIMBYS: Fake news!

BC gov (2018): Stephen's right, down to the gang and origin.
Read 11 tweets
24 Aug
Liberals now promising a ban on foreign ownership of real estate.

I thought Liberal supporters said this was xenophobic when the Conservatives proposed it? 🤷‍♂️

#elxn44 #VanRe #ToRe
2. Interesting sidenote. Trudeau made the announcement in Hamilton, Ontario.

The IMF told us Hamilton was 40% overvalued, one of the largest overvaluations in the world.

Here's the IMF model they shared, and this exclusively happened under the Liberal government.

#HamOnt
3. For anyone else that's curious, this is what the IMF models look like for Toronto and Vancouver.

Once again, almost all of this gap between fundamentals and price occurs under the Liberal government.

#ToRe #VanRe

betterdwelling.com/canadian-real-…
Read 6 tweets

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