Have I got a deal for you! I will sell you the most influential and important communications platform ever devised, for pennies on the dollar. You will own the means by which the whole world communicates. Yes, it’s true that Twitter hasn’t made a lot of money considering its status in the world of news and information, but you’re smart. After all, you’ve got access to enough capital to make this deal happen, right? So, whaddya say?
Things are moving fast, which is weird because we are in a major economic slowdown. The consolidation of power, however, has picked up the pace, and we will now see tech platforms leverage the unprecedented power we have handed them over the past decade. We are a long way down the road from “Don’t be evil.” Even though it was Google that coined and then abandoned that powerful maxim, it is the conduct of another tech giant that is of grave and immediate concern.
Having worked in crypto for just 18 months, I have this weird combo of feeling like I don’t understand anything that’s going on around me, especially the tech, and also feeling like everything is taking so long to develop throughout the industry. One focus of my work at the moment is preparing for the release of token creation software that is built right into the wallet app that holds your coins. There is a lot of other stuff I’m working on, but I’m thinking about that a lot lately, because it’s not just a unique thing I’m working on, but also a thing that I want to succeed and I’m looking for signs that might tell you whether that’s going to happen.
Tokens and alt-coins
In all fairness, the most obvious indicator is the alt-coin market. Conflation of tokens and alt-coins is a dangerous oversimplification, but they share an important characteristic. There is Bitcoin, and then there is everything else. Both alt-coins and tokens fall into the ‘everything else’ category.
So, the alt-coin market is down and has been for a nice little while. Everyone’s historical graph looks the same when you scroll down on Coingecko: crazy spike at the end of 2017 and then plummeting to a fraction of that value (whatever the peak may have been) and flattening out thereafter. Bitcoin, on the other hand, has shown significant resilience and has more than ten times the value of the next most valuable crypto.
If this makes you ask, “why tokens”? I get you. No one is unseating BTC for value any time soon, and if you look at crypto only as a replacement for fiat, then it’s easy to understand the drawbacks of too many currency options. I think this is a bit of a reductionist argument. The reason is utility.
Tokens as a key to community
Some may think the explanation that follows is a word salad; like I am twisting things just enough to get the outcome I wanted in the first place: tokens are awesome! If this is you, I’m not sure how to dissuade you. Suffice to say, it’s just a prediction and it could be wrong.
Bitcoin, extraordinarily, appears to be the evolution of money. At this point it has enough acceptance and has been around long enough that I don’t think it’s going away. So the point is that BTC is one of (and the best) attempt to re-engineer MONEY using this fancy new technology.
Those who analogize each alt-coin to the fiat of a tiny nation miss the point. The difference is this — for geopolitical subdivisions of terrestrial real estate (nation-states), the community was there first. The users are already in the physical location and it is that PROXIMITY which creates the need for a common and convenient unit of exchange.
Crypto is different because it has never been beholden to confined portions of real estate. In other words the value proposition predates the creation of a community. The bad news is that community building may be an inorganic process. Excessive marketing can (and sometimes does) devolve into cult-like megalomania.
On the other hand, blockchain allows for securing of value as a fundamental building block. The application of this technology to established industries like banking and gambling is easy to understand. What about other industries? Where else (and how else) is value transferred, and, more importantly, what are the building blocks of the relationships that lead to those value transfers?
One place we know this to be the case is entertainment, and in particular, in gaming. Value gets transferred in mobile games all the time via in-game economies. These mimic the movement of currency, but it’s completely one-sided with the game developer controlling all aspects (and custody) of the asset. With crypto, as I’ve discussed before, the in-game economy can be unleashed so that it is not hemmed in by the boundary of the game.
Another place we are seeing value exchange where we did not see it in the past is with attention. This may have actually come from the gaming economy where viewing advertisements is incentivized by the opportunity to obtain more in-game assets. Similarly, websites are offering crypto rewards for visiting and looking at their content. That data is being tracked anyway, in most cases at least, and the crypto (even if valueless) acts as a kind of receipt for the collection of that data.
The ability of industry to use huge amounts of personal data is still relatively new. That data is something we did not realize was so valuable until after we let Google and Facebook steal it from us. Now that the cat is out of the bag, we are seeing more and more crypto projects trying to “pay” for that data transfer. What we can do with that “payment” is another story. There are attempts to make loyalty program coupons. Other cryptos think their coin will become mega valuable so payment today supposedly equals value tomorrow.
I’m not sure how I feel about these use cases. I don’t think they will make anyone richer. But, the transparency that comes with this practice is noteworthy. The evil of Facebook and Google was not just their taking our data. The greater sin was not telling us. The free and fair flow (exchange) of information, in multiple directions, is the original dream of the internet.
Being a part
And what happens when that flow of information is going transparently in both directions? That’s when communities form. And that’s why tokens will work. Whatever the use case may be, it is the community that gives the token value. If people cluster around a project, then the token that permits PARTICIPATION in that community will become valuable.
The evidence of this concept can be seen in the United States’ most important crypto exchange. Coinbase obviously recognizes the potential of alt-coins, despite the current market prices. The trend over the past twelve months has been to add more support alts, not less. I don’t know if this is about trading or dumping or something else. It certainly means that the BTC maximalists have not yet been proven right. Just look at how many coins Binance supports.
Is this where the ionomy platform’s Atomic Token Protocol is going? I have no idea. I do know that ionomy tokens will be trade-able on the ionomy exchange. I also know that the ability to configure tokens in the new wallet will be very user friendly.
So I renew the observation about my impatience, especially since it is part of my livelihood and fealty to the ION blockchain. I know I am also not the only to be impatient about the release of tokens in the ION community. But, with that being said, I can’t help but feel that crypto is in a sweet spot right now. A lot of the garbage projects got washed out of existence during ‘crypto winter’ and the space is clearly maturing, especially with players like Coinbase and Gemini trying to show that a regulated platform can expand crypto’s reach. At the same time, the space is still vibrant and filled with young people who are willing to take a chance to realize their vision.
The ‘only’ thing they really need to be successful is a community.
American ISPs reportedly rolling out ‘six strikes’ anti-piracy rules on Monday | The Verge http://mobile.theverge.com/2013/2/23/4021600/isp-six-strikes-piracy-rules-reportedly-set-for-monday-rollout
I am, maybe without proper justification, annoyed at @neilhimself, Neil Gaiman compromising a certain amount of integrity to try and help sad Blackberry avoid going through corporate hospice care. Perhaps it is out of pity or a fascination with death (this time, the death of corporate profits) that has caused an honorable and independent artist, responsible for groundbreaking works of genius to (a) appear in a Super Bowl ad and (b) use his creativity and genius to promote a mere piece of commerce. To the best of my knowledge, Blackberry shares none of Mr. Gaiman’s values regarding creativity, aesthetic exhilaration and the healing power of pure beauty. On the contrary, this is a company (formerly known as Research in Motion) that rose to the highest success making a purely functional device that the most conservative and least artistic members of our society could use as they would go to war against others in the unending fight to defeat competition and satisfy shareholders. Blackberry was dependable, basic, useful. You could trust that device. It wouldn’t let you down. A solid weapon for battle.
So, really, I should not begrudge Mr. Gaiman a few extra shekels in his pocket to do what he would be doing anyway – creating, writing, interacting with his audience. I should be more appalled at the stupidity of Blackberry for giving up on its own identity so that it could pretend to “think different.” Instead of using the Windows model and leveraging what they do best. Microsoft Windows 8 is the same on your phone as on your desktop. And it is the same on the tablet. Everything is unified with Windows 8. There is one operating system and it works. On everything. Considering how many people already use Windows products every day, it’s pretty exciting to consider what comes next.
But did Blackberry takes its broad user base and attempt to innovate a more unified and modern product? Looks like no. Instead, they appear to be chasing a competitor that is so far down the road, it probably forgot that Blackberry even exists. Blackberry wants to be Apple. That might have been an OK idea two or three years ago, but now? Now it just looks sad.
And there is a sadness to Neil Gaiman. Not because of this silly ad campaign for a second rate product that no one will buy, but because he sees heartache and the grim realities of pain and loss. And he writes about them. And considering what’s going to happen to his new bosses soon, maybe they picked the perfect pitchman.
But I’m still annoyed.
What Tumblr did instead was to design a more thoughtful form of community engagement by requiring people to repost content in its original context, rather than simply piping in an anonymous comment… Tumblr deliberately chose “reblogging” as an alternative to commenting because, at a certain scale, internet forums degenerate into a “horrible world of internet anonymousness and awfulness.”
Come and tumbl with me.
A new study using data from NASA’s Spitzer Space Telescope suggests a cause for the mysterious glow of infrared light seen across the entire sky. It comes from isolated stars beyond the edges of galaxies. These stars are thought to have once belonged to the galaxies before violent galaxy mergers stripped them away into the relatively empty space outside of their former homes.
Nope. And yet, Amazon does use the word “purchase” to entice me to give them my money.
I am SUCH a sucker for fancy task management applications. This one is team-based, which means I have no use for it my button-down-Outlook/proprietary unnamed legal software work life. But when I see stuff that looks this good and this easy to use, I can’t help but fantasize about implementing it to lead my own team of creative bad-asses to glory – in the law or wherever! Here’s the New York Times article and below is the promo video. It’s called Asana.
The more complicated my life becomes, the more I absolutely depend on task management. That is not specific to software of any particular kind. Its about making lists of specific, bite-sized, action items that can be accomplished in an orderly fashion. The theory is that, with the formation of well-managed lists, the brain is freed up for unbound creativity.
Countless software developers seek to exploit the absolute right-ness of lists and GTD theory with varying success. The benefit for me is that the excitement of gadgetry and the beauty of design will draw me in to interacting with my lists and promote focus and productivity. The apps, in short, can be a major boon to getting things done.
At work, I am forced to use Microsoft Outlook. If it were my business, I would implement a different, customizable solution, instead of the one-size-fits all approach of Outlook Tasks. But I’m not that high up in the food chain.
In my personal life, which includes a zillion things i need to keep track of for the new baby, music, taxes and finance, social gatherings, and other stuff, I can go whatever direction I please. My requirements, however, are rigid – cross-platform and cloud-based. Google would seem a natural, but their task management application is simply a poor appendage grafted onto Gmail. Astonishingly disappointing.
Before I got forced into Outlook, I used Wunderlist and it was brilliant, though not terribly pleasing to the eye. After Outlook, I left poor Wunderlist on the side of the road and started with Any.Do. The latter is a gorgeous Android app that alleges sync with Google tasks. I love love love the design of Any.Do, but the sync is questionable at best, and there is no app for iOS or Chrome or Mac or Windows. They say it’s coming, but I’m not seeing any product development or even app updates.
I’m going back to Berlin. Wunderlist really does have it all, and the appearance is somewhat custimazable to make it a little more pleasing. I realize the interface may never be ‘slick’, and maybe that’s just not the German way, but this company is going places and they’re delivering everything I need to get things done.