China recently released a draft law on its future social credit system, which will ultimately guide how the country builds it.
The system is intended to promote reliability in business, education, and almost every other aspect of life. How it will actually achieve this is far from straightforward.
An example of the implications of the social credit system – in particular, how it can affect social media and free speech – reveals how problematic the noble goal of building trust can be 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 taken from China Report, its weekly newsletter covering everything you need to know about China. Register to receive it in your inbox every Tuesday.
I’ve scoured the internet to find you today’s funniest/important/scariest/fascinating stories about technology.
1 Twitter is getting more and more dangerous
Elon Musk dismantles the platform’s security systems. (WP $)
+ Toxic talk proliferates as a result. (Wired $)
+ There are a lot of tweets about tweets right now. (Atlantic $)
+ Twitter advertisers are leaving in droves. (WP $)
+ Mastodon is a much quieter and slower place, comparatively. (New Yorker $)
2 Sam Bankman-Fried Treated FTX As His “Personal Fiel”
That’s according to the attorney representing the company in its first bankruptcy hearing. (The Guardian)
+ A significant amount of FTX assets are either missing or stolen. (WSJ $)
+ Bankman-Fried’s influence on Washington DC crypto policy was undeniable. (Motherboard)
+ He did no service to the industry. (New Yorker $)
3 tax filing sites secretly shared financial data with Facebook
User earnings and purse amounts can feed Facebook’s advertising algorithms. (markup)
5 twins were born from frozen embryos 30 years ago
It is believed that the healthy boy and girl are the longest unborn frozen embryos. (CNN)
6 China claims to have ‘solved’ video game addiction among children
Thanks to very strict restrictions on the number of hours they can play. (FT $)
+ China is buying fewer chip-making machines. (Bloomberg $)
+ Addiction to video games is now recognized, what happens next? (MIT Technology Review)