Raph Koster reflects on the promise of Oculus:

Rendering was never the point.

Oh, it’s hard. But it’s rapidly becoming commodity hardware. That was in fact the basic premise of the Oculus Rift: that the mass market commodity solution for a very old dream was finally approaching a price point where it made sense. The patents were expiring; the panels were cheap and getting better by the month. The rest was plumbing. Hard plumbing, the sort that calls for a Carmack, maybe, but plumbing.

[…]

Look, there are a few big visions for the future of computing doing battle.

There’s a wearable camp, full of glasses and watches. It’s still nascent, but its doom is already waiting in the wings; biocomputing of various sorts (first contacts, then implants, nano, who knows) will unquestionably win out over time, just because glasses and watches are what tech has been removing from us, not getting us to put back on. Google has its bets down here.

There’s a beacon-y camp, one where mesh networks and constant broadcasts label and dissect everything around us, blaring ads and enticing us with sales coupons as we walk through malls. In this world, everything is annotated and shouting at a digital level, passing messages back and forth. It’s an ubicomp environment where everything is “smart.” Apple has its bets down here.

These two things are going to get married. One is the mouth, the other the ears. One is the poke, the other the skin. And then we’re in a cyberpunk dream of ads that float next to us as we walk, getting between us and the other people, our every movement mined for Big Data.

[…]

The virtue of Oculus lies in presence. A startling, unusual sort of presence. Immersion is nice, but presence is something else again. Presence is what makes Facebook feel like a conversation. Presence is what makes you hang out on World of Warcraft. Presence is what makes offices persist in the face of more than enough capability for remote work. Presence is why a video series can out-draw a text-based MOOC and presence is why live concerts can make more money than album sales.

Facebook is laying its bet on people, instead of smart objects. It’s banking on the idea that doing things with one another online — the thing that has fueled it all this time — is going to keep being important. This is a play to own walking through Machu Picchu without leaving home, a play to own every classroom and every museum. This is a play to own what you do with other people.

Update: Apparently some of the folks who backed the original Kickstarter campaign have their panties in a bunch now that there’s big money involved.

Attendees wear Oculus Rift HD virtual reality head-mounted displays as they play EVE: Valkyrie, a multiplayer virtual reality dogfighting shooter game, at the Intel booth at the 2014 International CES, January 9, 2014 in Las Vegas, Nevada. ROBYN BECK/AFP/Getty Images

Facebook’s purchase of virtual reality company Oculus for $2bn in stocks and shares is big news for a third company: Kickstarter, which today celebrates the first billion-dollar exit of a company formed through the crowdfunding platform.

Oculus raised $2.4m for its Rift headset in September 2012, exceeding its initial fundraising goal by 10 times. It remains one of the largest ever Kickstarter campaigns.

But as news of the acquisition broke Tuesday night, some of the 9,500 people who backed the project for sums of up to $5,000 a piece (the most popular package, containing an early prototype of the Rift, was backed by 5,600 for a more reasonable $300) were rethinking their support.

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For Kickstarter itself, the purchase raises awkward questions. The company has always maintained that it should not be viewed as a storefront for pre-ordering products; instead, a backer should be aware that they are giving money to a struggling artist or designer, and view the reward as a thanks rather than a purchase.

“Kickstarter Is Not a Store” is how the New York-based company put it in 2012, shortly after the Oculus Rift campaign closed. Instead, the company explained: “It’s a new way for creators and audiences to work together to make things.”

But if Kickstarter isn’t a store, and if backers also aren’t getting equity in the company which uses their money to build a $2bn business, then what are they actually paying for?

“Structurally I have an issue with it,” explains Buckenham, “in that the backer takes on a great deal of risk for relatively little upside and that the energy towards exciting things is formalised into a necessarily cash-based relationship in a way that enforces and extends capitalism into places where it previously didn’t have total dominion.”