• 0 Posts
  • 79 Comments
Joined 1 year ago
cake
Cake day: June 29th, 2023

help-circle
  • What an absolute failure of the legal system to understand the issue at hand and appropriately assign liability.

    Here’s an article with more context, but tl;dr the “hackers” used credential stuffing, meaning that they used username and password combos that were breached from other sites. The users were reusing weak password combinations and 23andme only had visibility into legitimate login attempts with accurate username and password combos.

    Arguably 23andme should not have built out their internal data sharing service quite so broadly, but presumably many users are looking to find long lost relatives, so I understand the rationale for it.

    Thus continues the long, sorrowful, swan song of the password.







  • Respectfully, you were the one who pointed out the impact of the Network Effect.

    The adoption of a product by an additional user can be broken into two effects: an increase in the value to all other users (total effect) and also the enhancement of other non-users’ motivation for using the product (marginal effect).

    Thus, users don’t need to understand the credentials of the platform if the network effect is strong enough, but as users leave the network, the value (credentials) of the platform as a whole decreases.

    Another way to think about it is that the amount Twitter “matters” is directly related to how much we collectively agree it matters. While not directly transferable, I’d suggest that Keynes’ Animal Spirits concept can help us to understand why this might be the case - prevailing attitudes towards a platform can have a profound impact on their value.