Only we’re not in the industrial age anymore. But our businesses, institutions, and organzations — in fact, our whole economies — are still run for, governed by, this obsolete, macho principle of achieving ultra huge mega scale.
Every day I talk to smart young people who want to work in tech or become founders. And I ask them a simple and obvious question—one that should be instinctual to answer. Not about their revenue goals or their product or how they’re going to scale a team from 5 to 50. But a more essential question: What do you believe? Why will people follow you? I... See more
Blockchain-based prediction markets may be the one force strong enough to counterbalance the spread of incorrect information on social media. They give people a financial incentive to seek the truth and then protect them with the twin shields of pseudonymity and decentralization.
As Nobel-laureate Robert Shiller observes: “Gold is a bubble, but it’s always been a bubble. It has some industrial uses, but basically it’s like a fad that’s lasted thousands of years.” This is not an argument against gold (or Bitcoin) as a valuable monetary asset, but an astute insight into the bubble-like, reflexive nature of money.