The Blockchain And The Bitcoin

Opinion | Transaction Costs and Tethers: Why I'm a Crypto Skeptic - The New York Times via @GoogleNews— Paramendra Kumar Bhagat (@paramendra) August 5, 2018

Transaction Costs and Tethers: Why I’m a Crypto Skeptic by Paul Krugman
comes down to two things: transaction costs and the absence of tethering ...... the enthusiasm for cryptocurrencies seems very odd, because it goes exactly in the opposite of the long-run trend. Instead of near-frictionless transactions, we have high costs of doing business, because transferring a Bitcoin or other cryptocurrency unit requires providing a complete history of past transactions. Instead of money created by the click of a mouse, we have money that must be mined — created through resource-intensive computations. ........ you need the digital equivalent of biting a gold coin to be sure it’s the real deal, and the costs of producing something that satisfies that test have to be high enough to discourage fraud. ........ cr…

Direct Listing

The idea of a direct listing is intriguing.
Music streaming service Spotify, valued at roughly $19 billion in the private markets, has also filed for a direct listing and will debut on the NYSE on April 3. ....... A direct listing lets investors and employees sell shares without the company raising new capital or hiring a Wall Street bank or broker to underwrite the offering.

Could IBM Have Bought Microsoft?

Not likely. Microsoft did try to buy Google, "at any price." And Google did try to buy Facebook. But the Blockchain is not just the next Google or Facebook, it is an entirely new platform, it is the next Internet. There is no buying the Internet.

It would be hard, perhaps impossible, for a company like Google to also be big on the Blockchain. It is an Internet company.  Brave is a web browser that competes with Google’s Chrome. Instead of running targeted ads, Brave uses blockchain technology to pay websites when people spend time there. BitClave lets people perform searches online, and get rewarded for seeing ads. Another project, Presearch, is also using blockchain to try to compete with Google’s search engine

A Small Sales Tax Makes Sense

It makes sense for the giant tech companies to pay something like a 3% tax to local jurisdictions globally, why only Europe? It goes beyond purchases. If data is the new oil, the people sitting on the oil wells, those billions of people, ought to have a say.

YouTube's Long Road To Monetization

YouTube was always going to make money, just like Amazon was always going to make money. But it has perhaps needed Google's deep pockets to make it happen. Google has been patient. A wildly popular app since its very inception is still ahead of the curve. The Internet is still not fast enough for video. But YouTube chugs along.

Facebook Is Facing A Backlash

And that is putting it mildly. Facebook sure is facing a major backlash. The global darling app is seen using nefarious means. This is kind of like when Microsoft came under the gun in the late 1990s with monopoly accusations. The beating created space for other tech companies that became big. Facebook might have hit its high point. It is hard for one company to ride multiple technology waves. Although I have thought Facebook might also have some interesting VR applications in mind.

Here is Zuck's latest missive. He is on the defensive.

Employees have begun to worry that the company won’t be able to achieve its biggest goals if users decide that Facebook isn’t trustworthy enough to hold their data. At the meeting on Tuesday, the mood was especially grim. One employee told a Bloomberg Businessweek reporter that the only time he’d felt as uncomfortable at work, or as responsible for the world’s problems, was the day Donald Trump won the presidency.

Towards A Global Government

India has rolled out the biometric ID to almost its entire population. On top of that it has added a layer that works like Jack Ma's Alipay, only Alipay is in the private sector, the Indian version is in the public sector. Voting from the phone should become possible and private. Facial recognition technology minus possible abuse can be harnessed for safety and security. Digital makes business and vehicle registration easy. Solar energy is dropping in price at a dramatic pace and is set to blow open the number one constraint for the Global South's desire for prosperity: energy. When Musk puts over 4,000 satellites into orbit in a few years, you are looking at gigabit internet from every point to every other point on earth. Taking good care of earth will become possible. Much progress seems to be technology driven. But it is the human being that has to be placed at the center of the progress.

A world government has been long overdue. But it will soon become possible, and soon …