Are NFTs the missing crypto killer-app?

The dot com vision was e-commerce, but the killer apps came in the form of social and search. In crypto, its still to be seen where the killer apps are.

I don´t think this killer apps will be about cryptocurrencies. Why? Because you need a real crypto economy generating value for many people.

A crypto economy is not people buying and selling Bicoins, but people earning Bitcoins in exchange for their work, products, and services.… Read more...

Reporting, Bureaucracy and Misdiagnosis

In an interconnected world, the traditional way of analyzing reality based on cause-effect relationships is obsolete. The economy depends on the propagation of information, and this in turn depends on technology. And technology in turn depends on economic and social conditions.

People do not make economic decisions rationally.… Read more...

Crypto: Where are the Added Value Apps?

In 1999 Friedman predicted Bitcoin stating that internet would reduce government power and introduced the idea of digital cash, in order to reduce the power of a third party in transactions. I think that´s a legitimate objective.

Also, a business structure where control is spread out rather than hierarchical such as DAOs, and where a community of like-minded people is working together towards a common interest, without a central authority, is also an interesting figure with tons of potential to create value.… Read more...

Crypto money: A Matter of Boundaries

Governments can define and control the boundary conditions of fiat money through banks and marketplaces. This way they control the transactions between fiat and crypto with KYC, AML, etc. regulations.

The real issue in crypto is not about how to move money around, but about how to move fiat money into the Blockchain, in order to create a real economy in there.… Read more...

Economical Incentives and Mechanism Design

Designing economic incentives to create networks is complicated. In fact, there is a whole sub-discipline of economics dedicated to studying how to design protocols that encourage rational actors to behave in socially desirable ways: it is called ‘mechanism design’.

And although the new discipline of ‘cryptoeconomics’ is developing a lot in recent years, there is little evidence that most of the new crypto projects or blockchains are incorporating formal methods of design mechanism, with some exceptions.… Read more...

Make sure you are the project

To start a project you must ensure that it is a full creative expression of you. Something connected to your purpose, something that enriches others, and that is executed with passion and love.

These are not empty words: it is the only way to create something unique and unrepeatable. Creating is the safe bet.… Read more...

World functions like a network, because its actually a network

Most undervalue the importance of personal connection, and overvalue facts, data and things for their own sake. But nothing you know is of any use to you if you can’t put it into practice. Or share and debate with another. Nothing you have is of any use if you can’t enjoy it with someone else.

World functions like a network, because its actually a network.… Read more...

Hacked Wallets are About Centralized Platforms

Its important to realize that the reason because wallets keep being hacked is because they are part of the old system, and don’t use to be distributed. The blockchain tech itself has never been hacked so far since it came out in 2009.

This is the same for marketplaces like Opensea or Coinbase: they are not decentralized and need to use extraordinary security measures.… Read more...

La Ventaja Injusta

Mucha gente fracasa encontrando un tesoro porque tienen el mapa equivocado. Otros tienen un buen mapa de un tesoro que no existe, y también fracasan en el intento. Hacer un diagnóstico correcto de una oportunidad es un buen comienzo pero no es suficiente.

Incluso tener una buena estrategia para una oportunidad real te puede llevar al fracaso si no eres capaz de llevarla a cabo.… Read more...

About Money

At its core, money is just a form of collateral. My €50 bill tells me that the economy ‘owes’ me €50 of value, which I trust I can get at some point (freedom).

Money is, and has always been virtual, based on the trust of a community of users in its value. Something that enables trade, which is basically money and value in motion.… Read more...

A secret code in the WC

So here´s this bathroom with that pixelated design “GitHub contributions style”.

Because of a comment I made the other day someone asked me the other how could this wall possibly contain a hidden, encoded message. Lets do a little digging into it.

A way to decode this wall would be to consider a base 3 or ternary base, by doing:

– white pixel = 0
– light green pixel = 1
– dark green pixel = 2

And now read the code.… Read more...

The Mind in Complex Adaptive Systems

The most challenging aspect of making strategic decisions in a complex adaptive system is its adaptive nature. Any human knows that the actors, or agents, operating in this systems are not fixed and unresponsive. Instead they change their behaviour as the incentives set by their environment change.

The mind works as a complex adaptive system that creates and simulates reality like some kind of “actionable mirror”.… Read more...

Startup Craziness and Magical Thinking

Part of the mythology surrounding startups is about individuals creating multimillion-dollar businesses in their home garage, with very limited means. That story has permeated the collective subconscious, along with many others related to technology and business.

When you work in technology you are always bombarded by two things: bad advice, and magical thinking.… Read more...

Collapse is Already Here

We are witnessing the decline of a 500 years old system, which is based on the accumulation of capital. To accumulate capital you need profit from productive enterprises. But -for most industries- the cost of production has gone so high and the real, effective demand so low that the profit is gone, and you can’t accumulate capital.… Read more...

Startups: From Traction to Growth

When creating a new product early adopters and nerds need to go first. Some people are early when it comes to shoes, or mystery novels, or records, while others adopt early in politics, ideas or restaurants.

Most of the time many of us choose to be in the slot of the mass, but in most of  startups or innovative projects you are going after and early adopter crowd that is incredibly distant from regular folks. … Read more...

AI and the Selfish Gene

Epigenetics theories of Larmarck applied to AI and predictive behaviour in humans. Evolution does not serve individuals, but genes propagation (Dawkins ‘selfish genes’).

Use personal data as DNA that is transfered from individual to individual in a world where individuals are just the ‘interfaces’ for genes to learn and spread across the world.… Read more...

Proto Hologram

Amazin tech for telecom from Proto Hologram.

If you can’t BE there, BEAM there. Proto Hologram Technology is the future of broadcast, communications, and travel.

Original post on Linkedin:

https://www.linkedin.com/posts/nolanether_experientialmarketing-web3-metaverse-ugcPost-6925614193366753280-JxWR/

Portl is now Proto.

Read more...

Tokenización de Objetos Reales y la 4ª Revolución Industrial

Prácticamente todo el debate crypto se centra en las criptomonedas y los NFTs, pero es en la confluencia de la tecnología Blockchain y la trazabilidad en el mundo físico donde está la acción importante.

Es el internet de las cosas (IoT) aplicado a las cosas del mundo real. Es decir, la tokenización de objetos reales para su registro y gestión en cadenas de bloques.… Read more...

CBDCs are Tools for Social Engineering

Inventing a new digital currency is nothing: all currencies are already digital. Just modify SWIFT a little bit so it remembers what was send to whom, et voila!. On the other hand, programmable money would generate large datasets to direct fiscal transfers to some people, and not to others. And also connect those people to central banks directly.… Read more...

What is a hash function?

Hash functions are an ingenious tool that are a fundamental part of public key cryptography. And by extension of the Blockchain technology. They are also called “one-way functions“.

In computer science, a one-way function is a function that is easy to compute on every input, but hard to invert given the image of a random input.… Read more...

What is Money

At its core, money is just a list of reserved collateral. My €50 bill tells me that the economy ‘owes’ me €50 of value, which I trust I can get. This is why money has always been virtual, based on the trust of a community of users in its value, something that enables commerce, which is basically money and value in motion.… Read more...

From Deep Learning to Symbolic Learning

The two biggest flaws of deep learning are its lack of model interpretability (i.e. why did my model make that prediction?) and the large amount of data that deep neural networks require in order to learn. Neural nets are data hungry.

Geoff Hinton himself has expressed scepticism about whether backpropagation, the workhorse of deep neural nets, will be the way forward for AI.… Read more...