Digital Transformation

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Free Is Very Pro-Consumer

FAST
There's a relatively new acronym in the media business: FAST. It stands for Free Advertiser-supported Streaming Television. For all practical purposes, FAST is good, old-fashioned broadcast television delivered over the public internet (as opposed to via an antenna or cable or satellite). In the not-so-distant past, this kind of delivery was called "over the top" or OTT, but the defining differences are that FAST is free (except for the cost of your internet access), and the programs are scheduled at specific times, exactly the same way linear, broadcast TV channels are scheduled. Does it matter how the signal is delivered to consumers? Think about this... Continue Reading →
Kim Kardashian and Kylie Jenner
Ever wonder how misinformation goes viral? Let's follow a typo made by CNBC as it propagates across the Web. The story quotes a post from Kim Kardashian and Kylie Jenner about the recent Instagram redesign. It's an object lesson about the truly revolting lack of journalistic standards that pervade our digital lives. Continue Reading →

Where Are Your NFTs?

NFTs
You just purchased your first NFT. Where is it? Is it sitting in your account on the marketplace you purchased it from? Do they have custody of your digital asset or do you? Did you transfer your NFT to your crypto wallet? If so, do you believe your new NFT is actually in your wallet? It isn't. That's not how this works. Here's what is really in your wallet. Continue Reading →
Elon Musk
Elon Musk and Twitter are probably going to court over whether he should be forced to buy the social media company for $44 billion. He's trying to back out of the deal because he thinks Twitter is lying about the number of bots and fake accounts on the platform. But it's not just about the bots. Twitter has not had a substantial increase in users since 2016 – which makes you wonder why Elon ever considered buying the platform. But the story gets worse, because Twitter's woes are not even a little bit new. Continue Reading →
1776
A little more than 246 years ago, our forefathers used the best technology available to inspire colonial proto-Americans to revolt against King George. At that time, the "best" technology available was the printing press and the "best" social network required the use of "word of mouth" in Public Houses. Grog was the lubricant that facilitated this communication and the rest, as they say, is history. Continue Reading →
World of Warcraft Soulbound Token
In World of Warcraft, a soulbound item, once picked up, cannot be transferred or sold to another player. It is this idea of “immutable, permanent binding” that inspired Ethereum’s creator, Vitalik Buterin, to ask a question: What if NFTs could be soulbound? Continue Reading →
Crystal Ball
Tomorrow will be nothing like today. It may look and feel a lot like today – you’ll get up, have breakfast, exercise, go off to work, etc. But tomorrow will be nothing like today. Continue Reading →

Does 2022 = 2000?

dot-com-bubble
In 2000, almost $8 trillion of wealth vaporized when the dot-com bubble burst. It was a tough year for Wall Street, venture capitalists, and average retail investors. Why? The pundit parade did its best to explain the crash, but markets are complex systems (which makes them computationally unpredictable). So, in the end, the only thing we could be sure of was that $8 trillion had gone missing. What did we learn? Continue Reading →
UEFA Champions League Final 2022
This past week, I had the pleasure of spending time with several bankers, financial professionals, and business leaders. While everyone agreed that it's too early to make predictions about how the world of crypto, Web3, and DeFi are going to go, there was one common thread: to a banker, crypto looks like money. I'm not sure that's a good thing. Continue Reading →

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