It's a genuine miracle that we don't see more flash crashes and >$1B fails than we do. HFT is going ot destroy the market, but only for actual humans. One day, when we realize that 70% of the market volume is HFT, we will then understand that the NYSE in particular is a house of cards. Then what?
Give people a reason to actually like themselves in society and not feel like they have to be attention whores 24/7 and privacy becomes much less of an issue in the context of these sites.
The argument was not:
... if people had confidence they wouldn't have a reason to put their personal information out there.
If you want to argue on whether or not privacy becomes less of an issue with increased self-esteem, go nuts. But don't argue on something you conjured up yourself and say that's countering my point. You're interpreting my words as you want to see them, rather than trying to understand what I was trying to say in the first place.
Social networking isn't going away whether people like themselves or not. However, when people allow themselves to be slaves to how society views them, they may weigh their popularity over any concerns of privacy. When you're confident enough to not care much about how society views you, then you leave your mind freer to prioritize over other things such as privacy.
It's time to boot, do your boot ROMs know where your disk controllers are?