Our reliance on services without a strong financial model
In the past couple of days there have been many articles published about the introduction of Facebook Connect and Google Friend Connect to multiple services such as Twitter and Discuss. Even now many people are enabling both the Facebook and Google services on their weblogs and finding that folks are using their Google and Facebook login ids rather then built in security services.
In the end, where is this all going? I wonder about how tightly wound we are making our online services using technologies like OpenID, Google Connect or Facebook Connect? What happens if Facebook can't monetize their services? Or for example, a large OpenID provider goes bankrupt? In 5 years would the governments of the world be forced to bail out online services because we just could no longer afford to loose one of these many tightly integrated services? Might, the people who use these services actually have to bail out the company through some kind of public outreach? Or, heaven forbid actually pay money to use these services?
Where is this all going? Can advertising sustain these services in the long term? Are we building a virtual house of cards that will come crashing down in a worse way then the financial markets? (Another highly interconnected system, btw.)
Posted 1 year ago
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