China recently published a draft law on its next social credit system, which will eventually guide how the country builds it.
The system is meant to promote trustworthiness in business, education, and just about every other aspect of life. The way you will actually accomplish this is far from straightforward.
An example of the implications of the social credit system, specifically how it can affect social media and free speech, reveals how the noble-sounding goal of building trust can be problematic in practice. And while the Chinese government is confident in its ability to make judgments about the reliability of social media posts, other parties are unlikely to agree. Read the full story.
Zeyi’s story is from China Report, his weekly newsletter that covers everything you need to know about China. Sign up to receive it in your inbox every Tuesday.
The must reads
I’ve scoured the internet to find today’s funniest/important/scary/fascinating stories about technology.
1 Twitter Is Getting More Dangerous
Elon Musk is taking down the platform’s security systems. (WP$)
+ Toxic speech is proliferating as a result. (Wired $)
+ There are a lot of tweets about tweets right now.. (The Atlantic $)
+ Twitter advertisers are leaving in droves. (WP$)
+ Mastodon is a much quieter and slower place, comparatively. ($ New York)
2 Sam Bankman-Fried Treated FTX Like His “Personal Fiefdom”
That’s according to the attorney representing the company at its first bankruptcy hearing. (The Guardian)
+ A substantial amount of FTX’s assets are lost or stolen. (WSJ$)
+ Bankman-Fried’s influence on Washington DC cryptopolitics was undeniable. (Motherboard)
+ It has done the industry no favours. ($ New York)
3 tax filing sites secretly shared financial data with Facebook
User revenue and scholarship amounts can drive Facebook’s advertising algorithms. (The market)
4 Americans seem tired of covid vaccines
The fear is that the hesitancy could spill over into future shoots as well. (vox)
+ Paxlovid’s denial is particularly prominent. (The Atlantic $)
5 twins have been born from frozen embryos 30 years ago
The healthy boy and girl are believed to be the longest frozen embryos ever born. (CNN)
6 China says it has “solved” a video game addiction among children
Thanks to very strict restrictions on how many hours they can play. (FT$)
+ China is buying fewer chip-making machines. (Bloomberg $)
+ Video game addiction is now being recognized, what happens next? (MIT Technology Review)