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RE: What is Steemit?
Its true that Facebook is not invincible and that people are moving to other platforms.
But this is a war to regain our online freedom, privacy and right to profit from our own content. In a war you need to use ALL the weapons you have available.
The other side is fighting back with censorship, creating Facebook blockchain apps and other nefarious means.
Victory is not assured and history is sadly littered with examples of repressive regimes winning.
This class action can weaken Facebook's financial and moral standing and strengthen that of the Crypto Industry so that alternative platforms, like Steemit, can take over.
Why do you want to weaken their standing? Build something that's better
Because they have become too powerful and are abusing that power.
When "better" is crushed by "big" the people lose.
That's why is crucial to use the Courts and competition law to level the paying field so "better" can win.
Further to this discussion, I just posted a link to an excellent interview with Ezra Levant where he discussed why a pure libertarian approach (just build a better "x") cannot work in situations like we currently have with the Tech Giants. He talks about how this is reminiscent of the monopolies J D Rockefeller had with Standard Oil and owning the rail, the steel and the coal mines.
See https://steemit.com/informationwar/@apshamilton/excellent-interview-discussing-big-tech-censorship