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An in depth proposal for how Elon can brute force the Problem of Identity to make 10s of billions off of Twitter Verifications.
An in depth proposal for how Elon can brute force the Problem of Identity to make 10s of billions off of Twitter Verifications.
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Notes -
Well that's the thing. Verifying who's who isn't actually the issue. The internet is full of gags and impersonations. The Verified account that posed as GWB and said he missed killing Iraqis wasn't a pr problem because anyone actually mistook him for Bush... It was a PR problem because it was embarrassing and hurt the prestige of the former president.
Brands aren't buying identity verification they're buying prestige verification. The Value of Wendy's maintaining their verification and not letting them lapse to Wendy the porn actress, isn't that people will think "Oh guess they swtiched from hamburgers to adult entertainment"... Its that it will hurt the restige and brand value, that it will shift the cultural meaning of what "Wendy's" means to people and hurt their brands going forward.
This is why the argument governments should regulate it under trademark law would be so laughable. If it was just impersonated products it wouldn't matter, the real threat is its true parody and satire, and is exactly the kind of culturally relevant speech that should be protected, and thus is exactly the kind of speech that is corrosive to brands.
Brands get around the corrosive power of culture by pouring billions of dollars into shoring up those brands. Sure every sexual, political, moral, racial, and cultural norm might have changed since the 50s... but Coke is still coke, because the cocaCola Corporation spent billions each year shoring it up... and brute forcing something permanent in the impermanent world of culture...
Take some of those support sturctures, or start facilitating cultural shift by actively selling those support structures to the new interpretation and a major brand can die as fast as disco.
Like the hypothetical porn actress wendy could theoretically become more famous than the resturaunt itself if she played her cards right... in 10-15 years there could be people who didn't know the Restaurants preceded the porn icon and think it weird there's a burger joint named for her. Mothers would avoid the restaurant to keep their boys from interacting with such a degenerate brand ...
It sound absurd now... but such cultural shifts have happened before and very very fast.
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