The Bitcoin ecosystem will develop its venture capital. And it will be as activist for libertarian causes as Silicon Valley’s capital is for progressive ones.
Today there are few venture bets being made by Bitcoiners despite the large amounts of capital they control. Most believe that successful investments would still underperform BTC; HODLing has a better ROI. This is bound to change as the market cap keeps growing.
This document was originally published here.
This paper proposes a new approach to introducing scarcity into identity systems without sacrificing privacy and self-sovereignty.
The method relies on quantifying attention flows between identities. It is predicated on the fact that attention is a basic element of all cognitive processes. It is also limited and therefore is a natural source of scarcity.
Identity remains an unsolved problem for decentralized networks. None of the existing solutions are privacy-preserving, Sybil-resistant and self-sovereign at the same time.
A way to gain influence is to accept personal risk for the benefit of a group. I.e. to become a hero.
Groups use this mechanism to solve a paradox: an individual can act in the interest of a group at one’s own detriment. On the other hand, inaction leads to a loss to every member of that group.
Continue reading A HeroThere are otherwise good projects that are putting a death sentence on themselves by introducing an unnecessary token and raising money through an ICO.
Continue reading Stupid ICOsOne cannot understand influence without knowing how to quantify it.
What does it mean to have influence?
Continue reading What is InfluenceThis post originally appeared on Medium.
Explanation of the HODL meme phenomenon may lie in the military history.
Recently Brian Fabian Crane’s tweet caught my attention. He tweeted a screenshot of a Reddit comment by a user named Gnudarve.
Continue reading HODL MemeGnudarve. (2017). An analysis of the impact of the HODL meme on the price stability of Bitcoin. r/bitcoin pic.twitter.com/CbbrbyEvHp
— Brian Fabian Crain (@crainbf) December 2, 2017
This post originally appeared on HackerNoon.
Netflix should not be thought of as a streaming business. Streaming is not the business model, it’s the source of data.
Hollywood is similar to Silicon Valley. It’s an entrepreneurial ecosystem with an equivalent of venture capital — studios.
VCs have tried using data to improve their investment decisions. They had moderate success. The problem is that it’s difficult to collect comparable data sets for startups.
Netflix has it all for content.
Continue reading NetflixThis post originally appeared on Medium.
I believe that there are only two types of organisations and understanding them is the key to understanding innovation[1].
The first, Innovators, are good at trying new things. The second, Distributors, are good at doing the same things repeatedly.
Continue reading Innovators & Distributors