Pip the WoT guy
simplifying the social graph so you can focus on building great experiences
Combine that with the imperative for platforms to aggressively acquire users, and you get a strong downward pressure on the upfront pricing of software products. "Network effect" is the idea that a network's value does not grow linearly with the number of users, but quadratically with the number of connections between users.
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Kind: 30023
The worlds knowledge will democratise. Getting to a basic level understand of any domain will be within everyone’s grasp. But those that become truly experts of their domain will be in great demand.
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Kind: 30023
No, it's not dead. It's also not a fad, or suddenly useless, or suddenly worthless. What happened is what always happens: people get complacent, people get greedy, and people fool themselves and others.
Source: dergigi.com
No, it's not dead. It's also not a fad, or suddenly useless, or suddenly worthless. What happened is what always happens: people get complacent, people get greedy, and people fool themselves and others.
Source: dergigi.com
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.
Source: dergigi.com
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.
Source: dergigi.com
And if the culture that develops in this type of media is that of exclusively watered-down comfortable truths, then some magic could be lost.