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RE: SPS Proposal [Updated] - Class Action Lawsuit against Facebook, Google & Twitter's Crypto Ad Ban

in #steemproposals5 years ago (edited)

this proposal thing is taking up way too much of my time i'll have to put it in for a special day ... i'm always mister yay so brace yourself ...

i AGREE with most of what you say on the blockade and the abuse of the position of power by the tek-9 , tek-5 whatever, however

unless i'm missing something here, you want to sue facebook with €150 a day ?

those people hold suits against entities like the E.U. for years and years and years ... as much as i think they should be checked it sounds like just throwing money in a pit im very sorry. I think you'd have a lot more chance lobbying through politics than you would in a direct attack in court, which will take even longer but i think a direct attack in court has about zero chance. The whole steemit community is not the winklevoss twins ... or MAYBE, (heh) you can get them to side ? in that case you get my vote, like stat, lol they did it for bitcoin ... well no, they actually won and then they thought like "o what should we do with the spare change this got us" and they bought BTC with it ...

please dont take it as my way of speaking but for what im trying to communicate here , you gonna hurt yourself doing that, you see ...

if you attack facebook, the chance of winning is the chance of creating a precedent so the moment you do (you are playing the highest level there) all the others will have you in the visor and will certainly not be supporting you, and that's a lot of big money to have against you if you dont have the politicians with you first

is my sincere and honest opinion

not my intention to just break you down, making a statement like that is very nice but if its just throwing money in a supermassive black hole like that i can not to the best of my conscience support people throwing the much needed money at it. Lobbying is really the way to go ... that's what got microsoft to have to include multiple browsers, it was a E.U. decision, for some reason that wonky idea got viral. Contact some people like Julia Reda or something (in Europe) if you're serious about it, see what she has to say (and people like her of the new wave) cos who am i, after all
https://en.wikipedia.org/wiki/Julia_Reda ... she will certainly have experience on matters like that and probably be able to point in the direction of people who are actively on it and in seat

just an idea , if you're really serious about it ...
if you gonna play at that level

play to win :) you'll need all the friends you can get up there

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Thanks for your long reply, but you have misunderstood things a bit.

  1. We are not suggesting that the SPS contribution is the sum total of all funds going to fight Facebook etc. It is part of a mix of funds from lots of sources.

  2. I am a very experienced lawyer who has twice won cases in the High Court of Australia against an opponent far bigger than Facebook, Google & Twitter put together! I know what league I am playing in and have been there before many times.

  3. The cost of legal cases for most people is mainly from paying lawyers. But when you are an experienced lawyer like me, you can do most of the legal work yourself, and thus it can cost much, much less. I've done this before a number of times.

  4. Unlike the US, where anti-trust law is weak, and the EU, where its all done by government, Australia allows private anti-trust class actions and has strong competition law. You are basing your thoughts on completely different legal regimes from the one we are bringing the class action in.

Why don't you file the suit already?

I'll add a little: I was sceptical when I first interviewed @apshamilton about this. I was doing that a blogger/journalist over a year ago. As I looked at it further I became involved and now I'm part of the team.

Andrew really has sued and won against the Australian Government (which if we're talking about GDP vs combined turnover or manpower or assets especially a whole lot of land) is bigger than Facebook, Google and Twitter combined.

It's worth repeating here: this isn't about funding the case entirely from Steem, but if we receive more of the balance of our funding from ideologically aligned sources (which believe Web 3.0 should be taking over from Web 2.0) that gives us vastly improved bargaining power with established litigation funding firms.

Just so people here know: litigation funding is an established asset class rather like venture capital for law suits. I have more experience dealing with tech VC's and am coming up to speed now with how litigation funding works and it is somewhat similar.

Julia Reda
Julia Reda (born 30 November 1986) is a German researcher and politician and was Member of the European Parliament (MEP) from Germany. She was a member of the Pirate Party Germany until 27 March 2019, part of The Greens–European Free Alliance. She has been Vice-President of the Greens/EFA group since 2014. She was also previously the president of Young Pirates of Europe.