Life After Google

“ICO,” which stood variously for initial cryptoasset offering, initial crowd offering, initial Cayman offering, or initial coin offering, depending on which name the lawyers thought was most likely to appease the baffled regulators.

“I get it,” I said. “That substance would be the most valuable element in the world. It would be bits and atoms at once. It would link value and its measurement. It would spur an information revolution.”

Designed to enhance human capabilities and human learning, virtual reality is the opposite of artificial intelligence, which tries to enhance learning by machines.

hour trading around the globe, Medallion could make far more money than a venture capitalist without knowing any details about the technologies and business plans behind the equities, currencies, or securities traded. This is the financial counterpart of Markov models at Google translating languages with no knowledge of them.

It has even produced “stablecoins” to serve as units of account, or real money (DigixDAO’s DGX and Emergent’s G-Coin, tied to gold bullion, and Tether, tied to the dollar). And then, the blockchain movement developed ways to mediate between these various tokens, forms, and facets of funds, such as Ripple’s XRP, Bancor, and TREZOR.

Peirce’s “sign relation” binds object, sign, and interpreter into an irreducible triad. It is fundamental to any coherent theory of information that every symbol be linked inexorably to its object by an interpreter,

Google became one of the world’s leading fiber companies.

“Nakamoto invented digital scarcity . . . a digital good that is scarce and cannot be reproduced infinitely

Coase’s Law: Companies expand until the costs of performing a transaction inside the firm exceed the costs of performing it outside.