.@JeffBezos – Recommendations for the U.S. Government

Starts at the 7:45 mark.

The U.S. Government should:

  1. Use commercial technologies wherever possible, saving tax payers trillions of dollars.
  2. Retrain and up-skill workers across the U.S.
  3. Invest in machine learning and artificial intelligence. That could be used in every part of government to improve services provided to its citizens.

.@JonHaidt @JordanBPeterson – Politics of Disgust

Borders can be concrete walls or intercellular membranes. In either case, disgust elicits feelings of maintaining one’s purity, of keeping others out.

Microbes killed millions more of our ancestors than did Tigers and Bears. Whoever can keep themselves and their children from being exposed to illness, wins the evolutionary game. Disgust is judging carefully about people. Is he dangerous? Is she dangerous? That is, our bodily interactions structure how we think about social issues.

Can twitter predict the outcome of the U.S. presidential election?

Finished reviewing the manuscript for my ‘Can Twitter predict the outcome of the U.S. Presidential Election?’ case study, which will be included in Dr. Kristen Sosulski’s forthcoming book Insights into Becoming Visual, out on Routledge Press this Spring 2018. Feeling the author vibe, and stoked! 💪💪💪

.@TFerriss – ‘Silicon Valley, a peculiar form of McCarthyism masquerading as liberal open-mindedness’

5) Silicon Valley also has an insidious infection that is spreading — a peculiar form of McCarthyism (https://en.wikipedia.org/wiki/McCarthyism) masquerading as liberal open-mindedness. I’m as socially liberal as you get, and I find it nauseating how many topics or dissenting opinions are simply out-of-bounds in Silicon Valley. These days, people with real jobs (unlike me) are risking their careers to even challenge collective delusions in SF. Isn’t this supposed to be where people change the world by challenging the consensus reality? By seeing the hidden realities behind the facades? That’s the whole reason I traveled west and started over in the Bay Area. Now, more and more, I feel like it’s a Russian nesting doll of facades — Washington DC with fewer neck ties, where people openly lie to one another out of fear of losing their jobs or being publicly crucified. It’s weird, unsettling, and, frankly, really dangerous. There’s way too much power here for politeness to be sustainable. If no one feels they can say “Hey, I know it makes everyone uncomfortable, but I think there’s a leak in the fuel rods in this nuclear submarine…” we’re headed for big trouble.

History does not repeat but it often rhymes

Mark Twain is often reputed as to have said, “History does not repeat but it often rhymes.” 

The French Revolution – The causes of the French Revolution are complex and are still debated among historians. Following the Seven Years’ War and the American Revolutionary War,[5] the French government was deeply in debt and attempted to restore its financial status through unpopular taxation schemes, which were heavily regressive. Years of bad harvests leading up to the Revolution also inflamed popular resentment of the privileges enjoyed by the clergy and the aristocracy. Demands for change were formulated in terms of Enlightenment ideals and contributed to the convocation of the Estates-General in May 1789. The first year of the Revolution saw members of the Third Estate(commoners) taking control, the assault on the Bastille in July, the passage of the Declaration of the Rights of Man and of the Citizen in August, and a women’s march on Versailles that forced the royal court back to Paris in October. A central event of the first stage, in August 1789, was the abolition of feudalism and the old rules and privileges left over from the Ancien Régime.

.@Ruskoff – ‘We’re Not Using the Internet. The Internet is Using us.’

There was a thriving peer to peer economy right at the end of the Middle Ages that nobody likes to talk about. The soldiers had come back from the Crusades. They had all sorts of new inventions and technologies and mechanisms; there were new trade routes that they had opened up. And they had came back to their towns and they took something that they found in the Middle East called the bazaar and they revived it as something they called the marketplace. So now people who had just been peasants working on the land of the Lords started coming together and trading this stuff that they made. And they had all of these really interesting instruments from market money and local currency and grain-based currency and all of these evolved really to promote the exchange of value and the velocity of transactions between people.

And it started to really do well, which was the problem. As the peasants became wealthy the aristocracy got scared, who are these people? They’re not going to be dependent on us any more. So they came up with two main financial innovations to prevent the rise of this peer to peer economy. The first one was the chartered monopoly, really the parent to the modern corporation. All the chartered monopoly was was a way to say all of you small businesses are now illegal. If you want to be in the shoe business you have to work for his majesty’s royal shoe company. You want to be in the grain business you have to work for his majesty’s royal grain company. So people who were small business people now became employees. Instead of selling the value they created, now they sold their time as servants, as wage laborers.

The second invention they came up with was central currency. Not such a terrible thing in itself. It’s great to have a long distance currency that lots of people can use and value, but the problem was they made all of the local currencies illegal. So the only way people could trade with each other, the candlestick maker could trade with the chicken farmer was by borrowing central currency from the treasury. So now you had to borrow money at interest just in order to transact. And that set in motion really a growth cascade. If you have a currency that has to be paid back with interest, in order to just make end meet you need an economy that’s growing. You need more money next year than there was this year.

So that worked well for colonial powers, as long as we could extend into Africa and South America and North America, find slaves, find new resources, we could grow. But what happens when you reach the end of the planet’s growth as we did really at the end of World War II? Then we started to look for really virtual surface area, some new way to grow. And that was the technology. We believed that digital technology and the World Wide Web and computers would really create a new place, a new virtual territory for us to colonize. And it just turns out what we’ve been colonizing for the last 20 years is human attention and human time. And now it looks like we’re even running out of that.

.@RobCapps – The MP3 Effect

In his article for @Wired magazine, “The Good-Enough Revolution,@RobCapps outlines a change in consumer values that he calls the MP3 Effect:

“What has happened with the MP3 format and other Good-Enough technologies is that the qualities we value have simply changed. And that change is so profound that the old measures have almost lost their meaning… We now favor flexibility over high fidelity, convenience over features, quick and dirty over slow and polished. Having it here and now is more important than having it perfect. These changes run so deep and wide, they’re actually altering what we mean when we describe a product as ‘high-quality.'”

Satoshi Cycle

The Satoshi Cycle basically states that this rising interest or curiosity in Bitcoin leads to parties running searches for Bitcoin on Google and other search engines. The increasing search hits, in turn, increases the value of Bitcoin. The more Bitcoin rises in value, the more interest in it – the more interest, the higher the price of BTC. And so, the cycle continues. In effect, the rising interest in Bitcoin would lead to increased participation in the use of the currency. The increased participation translates into a higher demand for the coin. Like the stock market which is fueled by demand, an increase in demand for Bitcoin would lead to further increase in its value.

However, critics fear that Bitcoin is simply a bubble, given that its rising value is tied to the heightened curiosity among traders, investors, and hedge funds. Christopher Burninske, after making mention of the “the virtuous Satoshi Cycle” stated that after every bubble there’s a crash. But after eight years of its disruptive entry into the digital world, no one can really state for a fact whether Bitcoin has a limited or unlimited upside trajectory.

http://www.investopedia.com/terms/s/satoshi-cycle.asp