according to most.. the vc.
recent talk in Paris..
3 trends in the next 10 years:
1. transitions from bureaucratic hierarchies to technology driven networks
twitter replaces the newspaper – all of a sudden all of us are the reporters, the crowd determines what matters, and we get news instantly on phone
youtube – same idea
soundcloud – found by crowd
first just saw in entertainment.. but now all over, airbnb, learning (codeacademy, duolingo – same models – everybody teaches everybody on a phone/browser)
2. unbundling.. eventually everything is going to get unbundled
used to be – for price efficiency – things were bundled – so you had to get/like the whole package..
now we can personalize.. mobile/net.. all services from different people and better because people are more specialized
industries going through major unbundling:
banking – banks used to offer everything.. but now.. entrepreneurs are starting to pick off each parts and offer them… ie: lending club, funding circle, …
education – classic uni model for 600-700 years – lecture.. library.. research.. ie: science exchange
3. we are all now a personal node.. we are all connected to each other – all the time
uber.. halo.. profoundly impacting world of transportation/delivery
payments.. venmo… dualla.. peer to peer so can send money to anyone
3 important examples in these trends:
money – bitcoin – we will now see payments/money flow on the internet the same way other things do.. and it won’t be controlled by any company like paypal or visa or mastercard, their lock on our money will be gone
health and wellness – opposite of healthcare – it’s what keeps you out of the health care system – devices tapping into our vitals.. ie: the ability to gamify weight loss,
data leakage – not big data – in the info revolution, the pollution is data, allowing others to spy on us when we don’t want them to – so getting control over data leakage
trust and identity – we have allowed google/facebook/amazon/twitter to be our identity service – it’s convenient – but essentially – we’re giving them access to everything we do.. i predict a bitcoin-like global service – that will allow us to do the same thing in a manner we can control…
i do one/two investments/year – our firm does 8-10.. anything that fits into frame i just gave fits us – new currency et al
human dx – marry machine learning with human diagnosis
marry the world of insurance with the world of quantified self and behavior changing apps….
Fred Wilson (born August 20, 1961) is a New York City-based venture capitalist and blogger. Wilson is the co-founder of Union Square Ventures, a New York City-based venture capital firm with investments in Web 2.0 companies such as Twitter, Tumblr,Foursquare, Zynga, Kickstarter, and 10gen.
I am not sure about the basic income guarantee. It feels like welfare to me and that system destroyed many productive lives. People need to work. They need to have something to feel good about doing every day. Work is a big part of self image and self worth. Any system that makes it possible for people to sit at home eating bon bons (as the Gotham Gal likes to say) is not a good system.
unless it is. what if it allows them to do whatever they want but also allows for abundance in resources/connections to their tribe.. shortening the time – everyday – between intention and action. ie: a people experiment ness
we now have the ability to have that synchronicity in place.. to get at our true human nature/grit/eudaimonia (not the assumed human nature we have been studying the last several hundred years – where we assume success/happiness/feeling good from work is based on a monetary reward/compensation/motivation, that we will achieve if we go to school for 18+ years and learn to follow directions et al) – perhaps we have no idea what our desires/potential really is.
perhaps no one would choose to sit on the couch all day.. without that also being exactly what they needed to be doing. – there is never nothing going on ness..
what a sad stream..
1/ I like doing my civic responsibilities like voting and serving on jury duty
that’s it..? vote.. jury duty.. –> good citizen..
2/ I am doing jury duty the next few days in lower Manhattan
3/ I’ve done this every six years over the past 35 years
4/ I hope that changes as I would like to serve on a jury
5/ but even if it doesn’t I always look forward to lunch break as the courts are located next to Chinatown
6/ since it’s boring waiting around, I made this list on @4sq.com/1UjAxxi: Where To Eat When On Jury Duty In Manhattan
“We are in the middle of a fast-paced global, unregulated, hard-to-trace, multiparty crowdfunding game driven by both optimistic speculation and ebullient house money booked during an unprecedented bull market run.” blog.semilshah.com/2017/12/22/loo…
we’re at a critical opp to disengage from: ‘incentivizing online behaviors’
to disengage from: incentivizing as a given (failed) infra/architecture
tech as it could be
Getting to #Internet3 Yes please. @fredwilson Owning Yourself https://t.co/zAyZfNwai1
Original Tweet: https://twitter.com/johnbattelle/status/954013875128614912
We need to get to Internet Three where we take back control of ourselves. It is high time for that to happen
Did you see SBJ’s Sunday Times Magazine piece on this ? mobile.nytimes.com/2018/01/16/mag…
But on a technical level, something miraculous is happening — *something that would have been unimaginable just a decade ago. I’ve managed to complete a secure transaction without any of the traditional institutions that we rely on to establish trust. No intermediary brokered the deal; no social-media network captured the data from my transaction to better target its advertising; no credit bureau tracked the activity to build a portrait of my financial trustworthiness.
*cool.. but is that what we want/crave/need..? measured/secure transactions..?
And the platform that makes all this possible? No one owns it. There are no venture investors backing Ethereum Inc., because there is no Ethereum Inc. As an organizational form, Ethereum is far closer to a democracy than a private corporation. No imperial chief executive calls the shots.
who cares if no one owns it..? if the whole idea.. (of measuring transactions) is taking up our time.. we don’t own our time.. we have to get to be a people that is grokking about what matters .. everyday.. not just trying to improve on status quo ie: measuring transactions.
But in a way, the Bitcoin bubble may ultimately turn out to be a distraction from the true significance of the blockchain. The real promise of these new technologies, many of their evangelists believe, lies not in displacing our currencies but in replacing much of what we now think of as the internet, while at the same time returning the online world to a more decentralized and egalitarian system. If you believe the evangelists, the blockchain is the future. But it is also *a way of getting back to the internet’s roots.
*indeed..as it could be – to connect us.. not measure us
The question is whether, after the bubble has burst, the very real promise of the blockchain can endure.
The biggest problems that technologists tackled after 1995 — many of which revolved around identity, community and payment mechanisms — were left to the private sector to solve. This is what led, in the early 2000s, to a powerful new layer of internet services, which we might call InternetTwo.
You can’t fix the problems technology has created for us by throwing more technological solutions at it. You need forces outside the domain of software and servers to break up cartels with this much power.
But the open protocols beneath them still have the potential to build something better.
If we can’t figure out a way to introduce new, rival base-layer infrastructure, then we’re stuck with the internet we have today.
(on bitcoin) – Together, those two ideas solved the distributed-database problem and the funding problem.
what if those aren’t the problem
In a blog post published in October 2017, Fred Wilson, a founder of Union Square Ventures and an early advocate of the blockchain revolution, thundered against the spread of I.C.O.s. “I hate it,” Wilson wrote, adding that most I.C.O.s “are scams.
How would a distributed ledger and a token economy somehow challenge one of the tech giants? One of Fred Wilson’s partners at Union Square Ventures, Brad Burnham, suggests a scenario revolving around another tech giant that has run afoul of regulators and public opinion in the last year: Uber. “Uber is basically just *a coordination platform between drivers and passengers,” Burnham says.
imagine *a coordination platform between people and people/tribe via daily curiosities
The blockchain world proposes something different. Imagine some group like Protocol Labs decides there’s a case to be made for adding another “basic layer” to the stack. Just as GPS gave us a way of discovering and sharing our location, this new protocol would define a simple request: *I am here and would like to go there.
imagine.. *i am curious about ___ .. and bc/mech connects us to local people curious about the same
The true test of the blockchain will revolve — like so many of the online crises of the past few years — around the problem of identity.
So much of the blockchain’s architecture is shaped by predictions about how that architecture might be abused once it finds a wider audience. That is part of its charm and its power. ..Its rules are designed with one eye on how those rules might be exploited down the line.