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#ChokepointCapitalism

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Almost all of the online payment providers you interact with is backed by one of a handful of giant payment processors (eg PayPal and Stripe, or in China, AliPay and WeChatPay). That are essentially an API between you and the credit card company your card belongs to. That are, in turn. basically APIs between you and the company that hosts your bank accounts.

In other words, companies are squeezing on chokepoints between you and your bank.

(2/?)

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@heiseonline Entschuldigung, aber ist es eine gute Idee, mehr Menschen in den Amazon-walled-Garden zu schicken, wo sie direkt in die Abhängigkeit kommen? Mag ja sein, dass es da ein hübsches Tool gibt, aber das alleoine ist kein Grund, sich von einem US-Unternehmen abhängig zu machen. Sagt den Menschen doch wenigstens, wie sie plattformübergreifend frei publizieren. #publishingwide #Selfpublishing #Amazon #ChokepointCapitalism #Enshittification

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@kristiedegaris Thank you so much for sharing your story on the unpaid labour of book authors.

I first learned about this through the 2022 book "Chokepoint Capitalism" by @pluralistic which describes in detail how publishers (and other intermediaries) systematically exploit creative workers:

pluralistic.net/2022/08/21/wha

en.wikipedia.org/wiki/Chokepoi

The system is in an advanced stage of #enshittification, and things must change.

pluralistic.netWhat is Chokepoint Capitalism? – Pluralistic: Daily links from Cory Doctorow

Bsky raises $15m from Blockchain Capital, the VC's press release hints at what they're interested in:

blockchaincapital.com/blog/blu

Bluesky [is] designed to foster a new ecosystem of applications. [...] It is interoperable with existing internet protocols and blockchain-based systems, opening the door for a more connected, less siloed social experience. Since its launch in April 2023, over 100 clients have been built on the AT Protocol, and users have created more than 50,000 custom feeds. And the best part of it all? By building on top of the AT protocol, these developers have access to Bluesky’s 13M users worldwide.

The VC firm sees bsky and their ownership of the relay as being a potentially very lucrative chokepoint, where the users of bluesky are the asset to rent to platform developers who want "access" to them. I've written before how atproto's decentralization is effectively meaningless with the relay system, where it's decentralized in the same sense as google alerts is decentralized - sure you can host your own PDS, but it's only useful because the main relay crawls it, and then either bsky or someone else who (inevitably) pays for access can send it back to you.

edit: here's why i think the relay is a chokepoint and why there will never be a second: neuromatch.social/@jonny/11336

www.blockchaincapital.com13M Users and Growing: Our investment in Bluesky's re-imagined social networkBlockchain Capital invests in Bluesky’s Series A - Bluesky is revolutionizing the social media ecosystem by empowering users to curate their own feeds and take control of their data
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@jwz @timbray @codinghorror I was really hoping cryptocurrency would have freed us from having %age based middlemen siphoning off my earnings that I want to direct at creators. Instead, even the "best" cryptocurrency just completely fails at being a good way to transfer my resources to someone else digitally. :(

#ChokepointCapitalism (from Apple and Google, but ALSO Valve and Patreon) is driving everyone towards #enshittification and #TechnoFudalism and I hate it. :(

Basically, the threat of AI isn't that it will outpace humans in quality & cost effectivity - it's that everything will be replaced with it, even though it does way worse on both those parameters, because the #ChokepointCapitalism gatekeepers stand to make more money that way.

circumstances.run/@davidgerard

GSV Sleeper ServiceDavid Gerard (@davidgerard@circumstances.run)there are so many AI use cases!! * spam * bias laundering * replacing employees with a machine that can't do the job * abrogation of responsibility for failure to the machine * spam