US lawyers float Facebook Credits antitrust suit

[hazek]

Even very hardcore libertarians will admit the need to break up monopolies.

Not me. Freedom > Justice.

+1

I'm as hardcore an-cap subscriber as you can get and I'm perfectly fine with monopolies that are established by providing a voluntary service or goods.

[cbeast]

Even very hardcore libertarians will admit the need to break up monopolies.

Not me. Freedom > Justice.

Monopolies give us the best Justice money can buy.

[Gareth Nelson]

Even very hardcore libertarians will admit the need to break up monopolies.

Not me. Freedom > Justice.

+1

I'm as hardcore an-cap subscriber as you can get and I'm perfectly fine with monopolies that are established by providing a voluntary service or goods.

The issue comes when the monopolies arise due to market distortions from government-granted privileges.

Food for thought - where would microsoft be without patent and copyright law? And is it truly voluntary when they pull tricks such as telling hardware vendors that customers buying "naked" computers (those without an OS) are criminals?


As for facebook though, in no way is it a monopoly or a threat to anyone's privacy - if you don't want your personal info there then don't provide it, this seems so simple it's stupid.

[hazek]

You don't need to tell me that, I already knew it and I completely agree with you. I thought my post would have reflected that

[niko]

http://finextra.com/News/Fullstory.aspx?newsitemid=23823

"Facebook is to abandon its Credits virtual currency platform in favour of a system which allows developers to be paid in a local currency of their choosing."

Has anyone chosen btc as a "local currency of their choosing" yet?

[Bitcoin Oz]

Even very hardcore libertarians will admit the need to break up monopolies.

Not me. Freedom > Justice.

+1

I'm as hardcore an-cap subscriber as you can get and I'm perfectly fine with monopolies that are established by providing a voluntary service or goods.

You can never serve your customers TOO WELL!

[pekv2]

US attorneys are trying to drum up interest in a potential case against Facebook, claiming its Credits virtual currency is breaking US antitrust law.

Oh, someone is scared and crapping their pants. Hmm, keep running your government like so, just keep doing it.

[tatsuchan]

Godbless America and all it's glorious lawsuits and frivolous bullshit.

[pekv2]

Godbless America and all it's glorious lawsuits and frivolous bullshit.

Don't forget patent lawsuits that are sky high that company's are pulling against other company's. apple, ms, samsung etc.

[yesbtc]

Even very hardcore libertarians will admit the need to break up monopolies.

Not me. Freedom > Justice.

+1

I'm as hardcore an-cap subscriber as you can get and I'm perfectly fine with monopolies that are established by providing a voluntary service or goods.

The issue comes when the monopolies arise due to market distortions from government-granted privileges.

Food for thought - where would microsoft be without patent and copyright law? And is it truly voluntary when they pull tricks such as telling hardware vendors that customers buying "naked" computers (those without an OS) are criminals?


As for facebook though, in no way is it a monopoly or a threat to anyone's privacy - if you don't want your personal info there then don't provide it, this seems so simple it's stupid.

That.

Cases like the browser lawsuits against MS made me want to puke - even though I wasn't a MS fanboy.
I'm not a big fan of Facebook either (though I'm a user) but seriously: If you don't like the way they play NOONE is forcing you to play with them. Anyone wanting to force FB to do business with developers who don't want to use FB credits is a looter in my book.