Thread by @ysiu

1/ Meta formerly known as Facebook today is to the #Metaverse what the Democratic People’s Republic of Korea (North Korea) is to democracy. The real metaverse is open has true digital data ownership and is governed by a majority interest i.e. its users decrypt.co/84043/facebook…

2/ Facebook commands the attention of 2.89 billion users but because they own all our data it is today the complete opposite to what a truly interoperable and open metaverse should be. They are the new Digital Kings (and of our data) and which King willingly gives up his Kingdom?

3/ Interestingly Mark Zuckerberg briefly discusses #NFTs and digital ownership but in very vague terms, the way to ensure Meta embraces #NFT and #blockchain is to educate the world what #digitalpropertyrights truly means theverge.com/22749919/mark-…

4/ For the #metaverse to be free it must not be owned by any one company and decentralized but it should also be owned by the users who own their data (and their Jpegs) see @cdixon thread on Web3

https://twitter.com/cdixon/status/1442201638895177729?s=20

5/ Facebook grew because it gained control of the data and its network effect but it did not do so alone. Games like @Farmville in 2009 and many other helped make Facebook big but after they obtained dominance they simply changed the rules venturebeat.com/2016/06/30/fac…

6/ The proverb "Absolute power corrupts absolutely" means that when a person has power over others (or things) it has a tendency to corrupt them. History repeats itself, Facebook is no different as it holds power over billions (data is power) washingtonpost.com/technology/202…

7/ Outside of the Facebook Files a recent chilling demonstration of how power corrupts when an entire nations ability to distribute and consume news became restricted and it wasn't North Korea. vox.com/recode/2228797…

8/ We have to make as many people own digital property and thus their data/assets in the open #metaverse because once they do they will care for the institution that protects those property rights, just how we care about our physical property rights

https://twitter.com/ysiu/status/1439775173096337409

9/ Just how we will not elect a government that will change our property rights we will not choose to use any platform no matter how large if they can take it all away i.e. Don't let the institutions steal your JPGs -@punk6529

https://twitter.com/punk6529/status/1423413432783618051

10/ We do this by being welcoming, helpful and generous to all newcomers into the #openmetaverse and by delivering real value to this experience ysiu.medium.com/toward-the-new…

11/ If enough people own digital property in the #openmetaverse we are towards a safer path of decentralization/reducing the threat of absolute power and we can welcome @Meta as an influential/important contributor to the #metaverse one that is not owned by any one party - truly