"What rationale did people use to justify these rather extraordinary numbers? "New technology will change everything," the logic went. "The Internet is going to completely revolutionize all businesses," the gurus chanted. "It's the great Internet landgrab: Be sure first, be there fast, build market share - no matter how expensive - and you win," yelled … Continue reading Essay | We’re a Crawl, Walk, Run Company – the Internet Bubble and Its Lesson Contemplated in Good to Great (Jim Collins, 2001)
Haven't you seen this concept comprised of three overlapping circles somewhere? What do you think this concept implies? What do you learn and where do you think you can apply this model? There is an interesting yet fundamentally critical concept elaborated in Good to Great by Jim Collins. Called 'The Hedgehog Concept,' it is one … Continue reading Weaving Webs | Are You a Hedgehog or a Fox?
Dear readers, I just want to share my small joy that I had lately and feeling of gratitude with you. In April, right after I published series of articles for the book review on Blockchain Revolution, a few readers featured and recommended my articles either on their online magazines or through twitter feeds. If you are … Continue reading Thank you for featuring my articles.
Summary ->> Contemplation ->> Closing 2. SWOT ANALYSIS: WHERE DO WE SEE OPPORTUNITIES? So far, we have looked into important dynamics of the technology in various facets. Due to its newness of the technology and confusion rising from unprecedented novelty, we had much more to discuss than expected. I believe by now, readers may have … Continue reading BLOCKCHAIN REVOLUTION [8/9] – SWOT Analysis (Book Review)
Summary ->> Contemplation ->> Closing ■ Frictions in the Real World Even if Bitcoin itself is difficult to hack, there does exist potential for security risks at various stages of the transaction process. 98 Bitcoins are held in wallets and traded through digital currency exchanges. There are various security risks inherent in each of these … Continue reading BLOCKCHAIN REVOLUTION [7/9] – Frictions (Book Review)
Summary ->> Contemplation ->> Closing ■ Miners Economics Becoming Miners (Nodes) Miners are a supportive and incentivized community that processes Bitcoin’s transactions and keep everything running smoothly 54 A node is a powerful computer that runs the Bitcoin software and helps to keep Bitcoin running by participating in the relay of information. Some nodes are … Continue reading BLOCKCHAIN REVOLUTION [6/9] – Miners and Incentive Economics (Book Review)
Summary ->> Contemplation ->> Closing (C) Technology Issues The technology space is getting matured but not yet ready for practical adoption due to its complexity and innate technological issues. "Bitcoin is created through an energy-intensive 'mining' process that uses high computing power to solve a complex mathematical equation, 'proving' that an 'anonymous miner' used the … Continue reading BLOCKCHAIN REVOLUTION [5/9] – Mining Economics (Book Review)
Summary ->> Contemplation ->> Closing 3. PROMISE VERSUS AS-IS We are observing exponential technological progress made on top of exponential technology development today. For this reason, what the authors observed and saw as a promise may be different as of today. Out of many revolutionary promises the authors elaborated, my key interest and enthusiasm first of … Continue reading BLOCKCHAIN REVOLUTION [9/9] – Promise, As-Is, and Closing (Book Review)
Summary ->> Contemplation ->> Closing CONTEMPLATION: SEEKING EVOLUTION OVER REVOLUTION The challenges the technology is facing internally and externally seem no small matters and, in certain aspect, it appears limitations far outweigh the potentials. In my opinion, there are a few fundamental issues that need to be addressed and cleared as "prerequisite conditions" before moving … Continue reading BLOCKCHAIN REVOLUTION [4/9] – Private Money and Leadership (Book Review)
Summary ->> Contemplation ->> Closing IMPLEMENTATION CHALLENGES The world looks very different under the blockchain revolution. In some aspects, they sound too good to be true. If this new future is a great leap-up from our current reality, - especially in terms of economic inclusion of billions of unbanked and excluded population from prosperity, of … Continue reading BLOCKCHAIN REVOLUTION [3/9] – Challenges (Book Review)
Summary ->> Contemplation ->> Closing THE TRUST PROTOCOL The main virtues the authors derive from the blockchain technology are represented by two words: Trust and Truth. 'Trust' by which two or multiple parties who don't know each other transact the value(money) directly without relying on the existing 'trusted' third party. The technology's open and transparent … Continue reading BLOCKCHAIN REVOLUTION [2/9] – Ten Areas (Book Review)
"Some scholars have argued that the invention of double-entry book-keeping enabled the rise of capitalism and the nation-state. This new digital ledger of economic transactions can be programmed to record virtually everything of value and importance to humankind: birth and death certificates, marriage licenses, deeds and titles of ownership, educational degrees, financial accounts, medical … Continue reading BLOCKCHAIN REVOLUTION [1/9] – Contents (Book Review)
1. https://www.project-syndicate.org/commentary/why-bitcoin-is-a-bubble-by-nouriel-roubini-2018-01 (Jan 26, 2018) 2. 3. https://bitcoin.org/bitcoin.pdf (Oct 2008) 4. https://hbr.org/2017/01/the-truth-about-blockchain (Jan 2017) 5. https://www.bloomberg.com/view/articles/2018-01-17/bitcoin-isn-t-the-future-of-money (Jan 2018) 6. http://www.nber.org/papers/w19747 (April 2014) 7. Wikipedia https://en.wikipedia.org/wiki/Gold_standard#Abandonment_of_the_gold_standard 8. 9. https://www.project-syndicate.org/commentary/why-bitcoin-is-a-bubble-by-nouriel-roubini-2018-01 (Jan 26, 2018) 10. Mervyn King, The End of Alchemy, p61 (2016) 11. https://www.project-syndicate.org/commentary/bitcoin-long-term-price-collapse-by-kenneth-rogoff-2017-10 (Oct 2017) 12. 13. 14. https://vanguardblog.com/2018/02/06/bitcoin-digital-gold-or-fools-gold/?cmpgn=Ext:SM:RIG:ISG:020718:XX:POST:XX:TW:INV:XX:XX:XX:sf181534297&sf181534297=1 (Feb 2018) 15. 16. 17. https://www.project-syndicate.org/commentary/bitcoin-cryptocurrencies-monetary-risk-by-andrew-sheng-and-xiao-geng-2017-08 … Continue reading BLOCKCHAIN REVOLUTION [Intro/9] – References
Much of the noise and confusion can stem from unclear terminology. Here I define terms in general context. Bitcoin: the bitcoin network protocol. name of a cryptocurrency. "Bitcoin is a peer-to-peer version of electronic cash that allows payments to be sent directly from one party to another without going through a financial institution. The network … Continue reading BLOCKCHAIN REVOLUTION [Intro/9] – Terminology
A few separate conversations with people, who had concerns on our future, especially related with Artificial Intelligence and automation, motivated me to write this article. While some had philosophical questions such as 'Will AI dominate humanity? Then will we have a dismal future?,' others had rather practical concerns such as 'What should we do … Continue reading Weaving Webs | What Is The Future of Work in an Age of Automation, Artificial Intelligence and Robotics?
January is a month for closing and beginning for me. I am doing lots of purging and hatching jobs these days! For this reason, I feel obliged to wrap up my readings that I've completed last year. I intended to finish around twenty books when the year started but made around fifteen or so. 'Come … Continue reading Essay | The Best Business Books in 2017
"We are at the beginning of a revolution that is fundamentally changing the way we live, work, and relate to one another. In its scale, scope and complexity, what I consider to be the fourth industrial revolution is unlike anything humankind has experienced before. ... We are witnessing profound shifts across all industries, marked by … Continue reading THE FOURTH INDUSTRIAL REVOLUTION
"How in the face of a burning, changing, and shifting world does one train an instinct for the essence of what is going on? At the turn of the last century, the German philosopher Friedrich Nietzsche suggested that humans needed a "Sixth Sense" to survive what then seemed like insane madness: the Industrial Revolution. He … Continue reading THE SEVENTH SENSE – Power, Fortune, And Survival In The Age of Networks
"A powerful new technology platform is developing out of the bowels of the Second Industrial Revolution, speeding the central contradiction of capitalist ideology to the end game. The coming together of the Communications Internet with a digitalized renewable Energy Internet and automated Transportation and Logistics Internet in a seamless twenty-first-century intelligent infrastructure-the Internet of … Continue reading THE ZERO MARGINAL COST SOCIETY – The Internet of Things, The Collaborative Commons and The Eclipse of Capitalism
"When we think about the future, we hope for a future of progress. That progress can take one of two forms. Horizontal or extensive progress means copying things that work-going from 1 to n. ... Vertical or intensive progress means doing new things-going to 0 to 1. Vertical progress is harder to imagine because it … Continue reading ZERO TO ONE – How Will You Progress From Zero To One? A Note For Building an Extraordinary