Vitalik Buterin invented the world's hottest new cryptocurrency and inspired a movement — before he'd turned 20 - "I think a large part of the consequence is necessarily going to be disempowering some of these centralized players to some extent because ultimately power is a zero sum game. And if you talk about empowering the little guy, as much as you want to couch it in flowery terminology that makes it sound fluffy and good, you are necessarily disempowering the big guy. And personally I say screw the big guy. They have enough money already." [more inside]
In his follow-up to Sapiens, Yuval Noah Harari envisions what a 'useless class' of humans might look like as AI advances and spreads - "I'm aware that these kinds of forecasts have been around for at least 200 years, from the beginning of the Industrial Revolution, and they never came true so far. It's basically the boy who cried wolf, but in the original story of the boy who cried wolf, in the end, the wolf actually comes, and I think that is true this time." [more inside]
Fake Online Locksmiths A locksmith’s shop on a street in Sun City, Ariz. [...] turned out to be a fiction that was created for the locksmith by a web design firm using Photoshop at what is, in fact, a vacant lot. [via marginal revolution] [more inside]
When President Obama appointed Tom Wheeler (a former top telecom lobbyist) as chairman of the FCC, he got a lot of grief for selling out his '07 pledge to protect Net Neutrality -- the founding principle long prized by open web activists that ISPs cannot privilege certain data over others, without which dire visions of a tiered and pay-for-play internet loomed. Earlier, weaker attempts at net neutrality had failed in court, and the new chairman looked set to fold. But after an unprecedented outcry following last year's trial balloon for ISP "fast lanes" -- including a viral appeal by John Oliver, a public urging by the president, and perhaps Wheeler's own history with the pre-web NABU Network -- the FCC yesterday voted along party lines to enact the toughest net neutrality rules in history, classifying ISPs as common carriers and clearing the way for municipal broadband. ISPs reacted with (Morse) venom, while congressional Republicans are divided over what they called "Obamacare for the internet."
There is a fundamental disconnect between large-scale, for-profit media and the crushing power of enthusiasm, which is that when they try to control it, it instantly isn't real. It's patently unreal. It's excitement given life by force, Pet Sematary-style. But when they don't control it, it isn't profitable. And that means that when they run into people excited about their stuff, they vacillate between an Ebenezerian lack of generosity and a Professor-Harold-Hillian smarm. To own enthusiasm and to exploit it are competing instincts, much as they often seem to be twins. You can, in fact, sometimes best exploit it — or only exploit it — by leaving it alone. -- In what could be considered a Metafilter Manifesto, Mefi's own Linda Holmes takes on the multivariate economics of fandom and the internet.
What I think we forget–or worse, never even realized—is the extreme privilege often inherent in “digital literacy.” Yes, much of the Internet is free. But it takes time and energy to develop the skills and habits necessary to successfully derive value from today’s media. Knowing how to tell a troll from a serious thinker, spotting linkbait, understanding a meme, cross checking articles against each other, even posting a comment to disagree with something–these are skills. They might not feel like it, but they are. And they’re easier to acquire the higher your tax bracket. - The New Digital Divide: Privilege, Misinformation and Outright B.S. in Modern Media
"It was as if, while Mark Zuckerberg was still in high school, Bowie was bracing for the 21st Century, the demand for everyone to “share” accessible versions of themselves. The self as a business card, to be distributed to anyone who asked for it. He also saw opportunity: on 1 September 1998, he launched BowieNet." Pushing Ahead Of The Dame (previously, previously) takes a look at David Bowie's late-90s, technophile projects and the future they foreshadowed - Omikron: The Nomad Soul (& BowieBanc & BowieNet)
How The Economic Machine Works by Ray Dalio actually makes a case against austerity and for redistribution, but also for money printing (and, arguably, for bailouts), while stressing the need to keep making productivity-improving public and private investments. However, it could be equally entitled: How The Industrial Age Political-Economy Doesn't Work Anymore, viz. Surviving Progress (2011)... [more inside]
The Mommy-Fight Site. What does it mean to raise a child in "America’s highest-income, best-educated Census area? D.C. Urban Moms and Dads might be as close as it gets to a field guide to parentis Washingtonianis" [more inside]
The McKinsey Global Institute has published "Internet Matters: The Net's sweeping impact on growth, jobs, and prosperity" [70 Page PDF or just the Summary]. "On average, the Internet contributes 3.4 percent to GDP in the 13 countries covered by the research an amount the size of Spain or Canada in terms of GDP, and growing at a faster rate than that of Brazil... For governments, investments in infrastructure, human capital, financial capital and business environment conditions will help strengthen their Internet supply domestic ecosystems." Found on Marginal Revolution where Tyler Cowen has a few interesting comments.
PBS's excellent weekly news magazine, Need to Know, explains why European broadband speeds are racing ahead of the USA. Britain now has 400 broadband suppliers with service available for as little as $6/month. Bonus: Harvard's Berkman Center reports on broadband supply trends around the world.
Right Wing astroturfing A non-scientific analysis of the patterns in forum board discussions on a variety of topics. The gist: discussions of issues in which there's money at stake (like climate change, public health and corporate tax avoidance) are often characterised by amazing levels of abuse and disruption by rightwing libertarians who are pro-corporate, anti-tax, anti-regulation. Discussions of issues in which there's little money at stake tend to be a lot more civilised than debates about issues where companies stand to lose or gain billions.
Dick Cheney claims that disappointing jobs numbers are undercounting ebay power sellers. The man is on a tear!
A nice article on some of the engineering and economics aspects of WiFi, and the history of frequency regulation in the USA.
Is the downturn over? Looks like the dotcom downturn is levelling. Have most of the bad ideas seem to have shaken out of the market?
"At some point Yahoo! will shift emphasis towards a billing relationship, that is as good as fact. What they need to decide, however, is whether to lead with a subscription or ISP model."
marchFirst circles the bowl... Too bad. I thought it would be cool to work for them but now analyst are predicting the demise of the company. I wonder if they will have a great deals on Macs when they go bankrupt?
Worth has a great story on how easy it would be for Goto.com to exploit its paying customers. (There may be some registration issues with this link; if it fails, go to the Worth home page and click on "The Easy Way to Get Rich Click.")