Topic: The Metaverse economics and Meta-laws - page 2. (Read 306 times)

Zuckerberg is attempting to do it backdoor. They didn't pass his Libra thing so might as well use my own company to insert it in a different way that the government will have a difficult time tracing it. Whoever team of Meta is behind this surely want to force it to happen and is wise enough to use the crypto trend of NFT and Metaverse. Perhaps the government should track who is that and hire him in their team. 
There will be an ending to the long road of Facebook and its near so they are looking for ways to extend that life using every trend that will happen.
No idea about the laws though but it should be per country or wherever the company base is.

On the overall, I think this is nothing but a sort of a game. This should have been purely made for fun, but things are escalating rather quickly and more seriously with the participation of influential global brands. But still there is probably nothing so serious about this to the point that heavy commitment will be required. Surely, there will be some forms of governance and laws within, but since this does not implicate the real people behind the characters they project in this cyber universe, there is probably not much weight in them. What will probably be implemented are nothing but a sort of a set of terms and conditions which are still to be approved in the outside world.

The cynic in me thinks facebook and the metaverse movement could be social media attempts to recreate crypto platforms like LBRY.

Mark Zuckenberg probably used LBRY and other crypto earning social media platforms at some point and decided he wanted to steal their ideas. Only he had to pretend he wasn't borrowing their concepts, which could be where the VR angle comes in. Plausible deniability. Zuckenberg can fool many into thinking he isn't borrowing LBRY's concepts and platform structure if he incorporates VR into it, due to LBRY lacking VR support.

Mentioning roblox is an interesting example btw. I think their platform does seem like a strange world where copyright laws no longer exist. But in their case, I think a lot of copyrighted content used on their platform is not directly monetized and doesn't receive much in the way of public exposure. And if it does, the earnings and views are practically non-existent which is what allows a blind eye turned to it. If metaverse tried something similar, I doubt they could get away with it.

Regulations would be two tired ofcourse, they would be decided by the company itself and also the government monitoring them. The rebranding would not mean they they have entered a new universe. They are definitely trying to include everything at one place which is definitely something that might work or might not work as well. But people have to make their own decision regarding trusting them or no since privacy is of a great concern here. Plus virtually designed shoes 👟 clothes ?? I don't know where I am with this decision definitely. People are already paying for such things. Using NFT's would be quiet important here. We might see a lot of changes but we can't comprehend how it's going to go.

Before the Metaverse were virtual court proceedings, online meets using apps like zoom. I remembered two or three years ago when a brother of mine had a job interview using zoom app on Android. Metaverse is truly just a rebranding, but people like new experiences.

I may be wrong. According to what I read about Nike, Inc. about Metaverse, the company will have virtually designed shoes that people can wear in the Metaspace, this will create ways for designers and other organizations to making more money. The cyberspace is rebranded but there are some differences.

"Metaverse" is just a rebranding of "cyberspace". There is nothing new about it.

Metaverse is nothing but hype. Basically Facebook the site is not doing great, young people don't want to use it, so Facebook the company decided to rebrand and make a new product to win back the kids. Virtual reality is at very early stages at the moment, we are miles away from what you see in sci-fi movies like the Matrix, and it's not like Facebook is going to make some breakthrough in the next few years. It's not even a fact that Metaverse is going to be popular, there's many examples of game-changing products from big companies that were a complete failure, like Google Glass, which could also be called "Metaverse", by the way.

This is a point that really needs to be considered. Regarding which privacy in the Metaverse will be wide open. While the concept of crypto especially Bitcoin is to maintain identity. In addition to adopting crypto in the metaverse, it also opens opportunities for anyone and anywhere to open up our personal data according to the initial agreement. How this can happen is a mix between decentralization and the concept of government that goes into it to oversee actions that refer to crimes or violations. As the OP said the rules in the Metaverse would indeed be very broad and difficult.

Repeatedly watching the implementation of Metaverse on YouTube and all social media. In my opinion, this is a platform for the government to offer CBDC to companies to convert their earnings on Metaverse. So that those who initially have a private nature will be easily detected without the need to laboriously audit each transaction.

The Metaverse will be centralized, the government will later look into it to regulate it better, Facebook and others that are the central organizations will follow the government. Metaverse is new but the government will look into it as it is looking into crypto to make sure crime will be reduced.

Metaverse can never be private, anyone that wants privacy can not use Metaverse. But are we having privacy in all aspects of our life? I do not think so. We have online malls we cart and order for goods, we have some areas of our life like this that we know we can not have privacy and we do not have any privacy in such areas.

I watched a video on YouTube how Metaverse will look like, there are many areas about Metaverse that privacy is not necessary, like you and your friends meeting in a virtual world to meet, talk and interact. Or like you being in a virtual world but attending a show in real life. All these aspects do not need privacy.

But if dealing with coins and tokens, it requires privacy. But did you know that only bitcoin is the coin that can fully be used for privacy purposes? All other coins are using a kind of wallets and designs that makes privacy impossible. As the world is adopting more altcoins and getting into Metaverse, expect more centralization and privacy deprivation.

My feeling is that this kind of companies are pushing this metaverse idea so hard exactly because it will be a good "platform" for advertising, mining user information, do all "wild west" things for a while until the point it gets regulated. Just at that point the big companies have already filled their pockets and can slowly patch and adapt the system.
And as long as the punishment for misuse is late and only a few percents from the income, it worth it.

The laws and rules just can't keep up. And I think that this is exactly what FB & Co are counting on.

I just dropped an specific topic on the Gambling Discussion board, but I think the issue is far wider. As many of you are aware, Facebook, now rebranded Meta, has effective plans to invest a very significant amount of money on the "Metaverse" to become the leader in this innovative area of human experience and interaction.

Whoever succeeds and becomes the dominant meta-platform (call it Roblox, Meta or however is there) is very likely to use crypto, NFT and some form of governance. My question to the forum is what do members think that will be the regulations inside the Metaverse? Who set the law (government, the company, both, the users,...)? Who and how decides the "punishment" or penalties for missuse? How do they deal with privacy?

The Metaverse seems full of legal, philosophical and economic questions yet to be answered.