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Category: Blockchain

There’s No Place Like Chrome

There’s No Place Like Chrome

Photo by Etienne Girardet on Unsplash

The holiday weekend is coming up, so short and well, ok, maybe not so sweet. No surprise there.

 

Crypto meltdown, Celsius crash deepen rift between Web3 fans and skeptics, PitchBook recently noted.  “Proponents of Web3 hope that this new iteration of the internet, characterized by decentralized platforms based on blockchain technology, will eventually overturn the “evil” of big tech and traditional banks, allowing all users—not just founders, investors and employees—to benefit financially from their participation.” Read More...

Bitcoin2022: The Bull from Miami (Not!)

Bitcoin2022: The Bull from Miami (Not!)

We were recently in Miami for the Bitcoin 2022 conference – the first time we’ve traveled to a conference in years and as a compulsive networker and superconnector, we didn’t realize how much we had missed the serendipity and synergies that only happens at in-person events.

This is a lesson in tech hubs and why they shift. Boston was long the center of technology, but with the advent of the internet, Boston lost it. Boston was set in its ways and had its processes.  A young, unproven sector was not in its purview: Boston was about Real Tech, not a bunch of upstarts with a bold vision of a tech future that might well never happen.

The energy shifted to Silicon Valley and in due time, New York. Other hubs sprung up around the country and the world, although with all due respect, our focus here is the US. The SV and NY hubs quickly took the lead, at least in terms of where the investor dollars were. And how did they become investors? For the most part, they were founders who had enjoyed exits. Boston might still have been in the mix, but as a distant third: it was not an internet hub. Read More...

Is the Long Arm of Silicon Valley Being Cut Off at the Knees?

Is the Long Arm of Silicon Valley Being Cut Off at the Knees?

Image by OpenClipart-Vectors from Pixabay

f you’ve been following what’s been going on lately in tech and focusing on the headlines, you might have missed the forest through the trees.

Silicon Valley Disruption Part 1:

Facebook just lost half a million users, the headlines screamed (out of nearly 2B, and no bigs, you’d think, but a) they’re not growing, b) those users are in the US: prime market, which meant they took a big hit on their profits and c) it’s the first time ever that FB lost users), and the stock was devalued 20%, wiping  $200BN off the value of parent-firm Meta. Of course, founder  Mark Zuckerberg was quick to come up with the excuses, par usual (ever notice that it’s never his bad?): Read More...

Is This the Social Media Tipping Point?

Is This the Social Media Tipping Point?

Mark Zuckerberg Quietly (Sold) His Facebook Stock back in March and as Recode reported in February, Mark Zuckerberg will likely sell billions of dollars of Facebook stock this year. He’s not alone. On Friday, Satya Nadella unload(ed) 30% of his Microsoft common stock in his biggest sale as CEO.

The Age of Social has reached a tipping point, and it’s taking all of tech with it.

Some can see the writing on the wall and are cutting their losses. Read More...

The Birth of the User-Owned Economy

The Birth of the User-Owned Economy

This past week was Blockchain Week in New York, in tandem with back peddling on the part of the tech cartel. As Quartz noted, “Facebook CEO Mark Zuckerberg, long under fire for “programming people’s brains,” will testify before the European parliament about his company’s use of data. Not long after, transformative new European privacy rules go into effect that will give EU consumers far more visibility into what companies know about them.

“Now, tech CEOs insist they want to be part of the solution. On Tuesday, Facebook-owned Instagram confirmed a feature that will let users track their time spent on the platform. A week earlier, Google CEO Sundar Pichai announced a Digital Wellbeing initiative geared at helping people moderate their use of Google’s products and services by suggesting breaks from YouTube or batching notifications.” Read More...

And the Most Underreported Story of the Week Award Goes To…

And the Most Underreported Story of the Week Award Goes To…

…Changes to Terms of Service. You might have noticed those notifications popping up all over when you open certain sites, et al: Oath/AOL/Yahoo, Twitter, Periscope (“On May 25 we’re updating our Terms of Service and Privacy Policy. You can see our updated Terms here”). The list goes on. And Yes, The GDPR Will Affect Your U.S.-Based Business.

The EU’s General Data Protection Regulation go into effect next month

No such thing as a coincidence. We wondered why the tech press didn’t take notice.

Reads the Updates to Periscope’s Terms of Service and Privacy Policy: “We believe you should always know what data we collect from you and how we use it, and that you should have meaningful control over both. As part of our ongoing commitment to transparency, and in preparation for the new EU data protection laws that take effect next month, we’re updating Periscope’s Privacy Policy and Terms of Service and consolidating them into Twitter’s. We want to empower you to make the best decisions about the information that you share with us… Read More...

The Demise of the Age of Social/Move Fast and Solve Entitled People’s Problems: Notes from the Blockchain

The Demise of the Age of Social/Move Fast and Solve Entitled People’s Problems: Notes from the Blockchain

 

We all know the mantras. Fake it till you make it. Move fast and break things. Ask forgiveness, not permission. The check is in the mail.

Oops, wrong list, but not really. Truth be told, they’re all lies with a Silicon Valley spin, with the exception of the last point, which is a classic. Read More...

The End of Net Neutrality, or How I Stopped Worrying and Learned to Love the Blockchain

The End of Net Neutrality, or How I Stopped Worrying and Learned to Love the Blockchain

Last week, the FCC reversed the 2015 Net Neutrality Act and contrary to popular misconception, the internet did not disappeared. In fact, there has been a lot of disinformation or phacts as we now like to call them (in print, at least), as they bear little or no resemblance to the real thing, surrounding NN.

As for that so-called last mile, as Wired pointed out in 2014, prior to the first NN vote, in What Everyone Gets Wrong in the Debate Over Net Neutrality, “The net neutrality debate is based on a mental model of the internet that hasn’t been accurate for more than a decade. We tend to think of the internet as a massive public network that everyone connects to in exactly the same way. We envision data traveling from Google and Yahoo and Uber and every other online company into a massive internet backbone, before moving to a vast array of ISPs that then shuttle it into our homes. That could be a neutral network, but it’s not today’s internet… Ten years ago, internet traffic was “broadly distributed across thousands of companies,” said Craig Labovitz (CEO of DeepField Networks, an outfit whose sole mission is to track how companies build internet infrastructure) “..But by 2009, half of all internet traffic originated in less than 150 large content and content-distribution companies, and today, half of the internet’s traffic comes from just 30 outfits, including Google, Facebook, and Netflix… Because these companies are moving so much traffic on their own, they’ve been forced to make special arrangements with the country’s internet service providers that can facilitate the delivery of their sites and applications. Basically, they’re bypassing the internet backbone, plugging straight into the ISPs (and) essentially rewired the internet.” Read More...