It's just the Internet English word for schadenfreude; what you really want is for the concept to go away.

It's also interesting that they chose the spelling "diss", which is incorrect. It's "dis", from "disrespect".

'Diss' is widely used in common vernacular.

http://www.thefreedictionary.com/diss

http://www.urbandictionary.com/define.php?term=diss

See also:

http://en.wikipedia.org/wiki/Diss_track

So, what's it like to realise that New Scientist is more up to date with street talk than you are?

I have only ever seen the 'diss' spelling, perhaps your dictionary needs revising.

Revising my dictionary in this case would mean artificially modifying the submission dates of the respective terms to suggest "diss" came first.

The only place I can think of seeing "dis" with one 's' is in reference to the Inferno virtual machine. By itself it always seems to be "diss".

"Diss" is a new spelling of the original "dis".

There aren't many single syllable verbs that end with an 'is' sound that doesn't end with a 'ss'. In fact, I think there are none. Outside of verbs, it's almost only names (and 'this'), so 'dis' would be a pretty rare way to spell a word in common use. I also think this is because it would appear natural to use the other new words derived from it, dissing and dissed, with the 'ss'. You don't need to use these forms with nouns etc. I think it's only normal for people to end up spelling it 'diss', especially as the original word it was derived from becomes less known.

That said, I am a second language English speaker and haven't even completed English as a second language in high school.

It's also now the dominant spelling, and can't really be considered "incorrect".

How are you measuring dominance?