Just as chat apps like WhatsApp collapsed the cost of international messaging from, say, 30 cents per text to zero, stablecoins are doing the same in financial transactions. The numbers bear this out: stablecoins moved over $12tn in value last year, after filtering out bots and other inorganic activity — volumes that are rising towards Visa’s $17tn of transactions last year but made at a fraction of the cost.
— Read on a16zcrypto.substack.com/p/the-whatsapp-moment-for-money-is
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Escape the algorithm
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customer service people get tons of complaints, it’s probably genuinely meaningful for them to occasionally have someone email their manager to compliment them instead of complain about them
— Read on www.atvbt.com/send-appreciation-notes-to-companies/I worked in a call center during college, and can confirm how exceedingly rare this is, and how wonderful it is to get positive feedback. Since then, I do it all the time. This article gives great advice. I can also confirm that positive notes are shared and do help shape the culture. Next time, why not “ask to see a manager” to share how helpful an employee is? We get what we praise.
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The New York Times asked me (and others) to suggest some things our descendents might be embarrassed about in the future. Things we do now, that might make future generations cringe. Good question! My reply is this short list
— Read on kevinkelly.substack.com/p/cringeworthy-in-the-future -
I love when someone leans into their hobbies. Fun!
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You might think that the track record of UFO sightings in the past means that we should think there is some enduring phenomena – something really there that we don’t understand. In my view, the only enduring phenomena here are:
Human error
Instrumental error
Hoaxes
— Read on www.mindlessalgorithm.com/ufos-are-probably-nothing/ -
The Washington Post was killed because they changed their audience into something that didn’t have any long-term sustainability, while completely ignoring their real problem of the news itself not being worth paying for
— Read on baekdal.com/newsletter/washington-post-postmortem–from-the-perspective-of-a-media-analyst -
Rome invents the republic model of representative democracy. Rome builds on Greek experiments with democracy and philosophy, to invent and propagate the first republic system of government. Rome successfully runs this republic model for 500 years. Julius Caesar/Augustus overthrow the republic and make Rome an imperial power.
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I’d been treating my brain like a hard drive: Transfer the file, and it’s there. But that’s not how it works at all, not even close. Learning is more like digestion. You don’t absorb more nutrition by eating faster. Past a certain rate, you just stop digesting, and the food you’re cramming in isn’t feeding you, it’s just passing through. The real nutritive work — the part that actually makes you stronger — happens after you stop eating, over hours, invisibly. And you can’t speed it up by eating more.
— Read on usefulfictions.substack.com/p/do-less -
you should always compare countries based on GDP PPP (Purchasing Power Parity) which erases…artificial distortion by adjusting for local price levels, giving you the true productive capacity of each economy and a much truer notion of domestic living standards.
Useful. More here.
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right now, the electromagnetic waves containing everyone’s information are passing through your room, through your body, through your brain.
Every news article your neighbor reads on her phone, every TikTok video nearby high-schoolers watch, every private conversation between clandestine lovers, every kind of pornographic image the guy down the street downloads, they all reach and touch you in the form of photons, at any time of day and night
— Read on planktonvalhalla.com/20220829-the-world-is-a-network/ -
“Imagine you are a historian of Rome. Please write twenty highly charged headlines about the time ranging from when Caesar crossed the Rubicon and returned to Rome until the time when Augustus took power. The headlines should be written in the style of CNN, written the way that CNN would cover politics”
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I used to think of “knowledge projects” as involving a big mission, a big community, and a complex piece of software: the stuff of Wikipedia, Stack Overflow, or Genius….But the web is just as good for collaborations in the small. Not so long ago, I took a poem I wanted to understand better and sent it to a friend, and the two of us annotated it together online. Why don’t I do this more often?…There ought to be more of these tiny knowledge projects.
Couldn’t agree more. Read the whole thing here.
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- “14 Novels I’d Save”
- “Under communist rule, Poland was exceptionally unequal in nearly everything that mattered” (X) Interesting.
- The Secret History Is Still the Book I Recommend to Everyone (paywall) “The Secret History is my personal Platonic ideal of what a novel should be, and since I first read it back in the heady days of junior high, I have spent my entire reading life attempting to find similar versions of it. It is the urtext of what I now consider to be my favorite genre — namely, wealthy students at elite colleges exploring sex and murder through classic literature.”
- The Number Go Up Rule: Why America Refuses to Fix Anything
- Average Manager vs. Great Manager
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Look for the repeating patterns of desire in moments when you are truly happy. Look for the arrangements of energy that compel you. Remember, you are looking for general shapes, like “the feeling of sharing confidences,” or “the knowledge that you have served your duty.”
— Read on sashachapin.substack.com/p/the-two-kinds-of-desire-and-one-of -
If we don’t recognize good technology when it happens, we can get cynical by missing out on the good things. Downloading maps to your phone is an example of good technology. Having a downloadable map, anywhere – available to your phone at a high fidelity of detail, which can be deleted when you don’t need it, is an example of user delight – a positive feature that produces good in the world. Whoever designed that feature raised world happiness, and I like recognizing that because it’s a reminder that there are good people out there creating good things for their fellow humans.
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They are powerful because it is seen as unseemly to mock them because they are rich and “running a company,” a kind of corporate fealty that I find deeply unbecoming of an adult.
We are, at most, customers. We do not “owe them” anything. We are long past the point when any of the people running these companies actually invented anything they sell. iIf anything, they owe us something, because they are selling us a product, even if said product is free and monetised by advertising.
— Read on www.wheresyoured.at/make-fun-of-them/ -
the core idea was never that every crypto application would emerge all at once, or that finance wouldn’t come first. The core idea was — and remains — that blockchains introduce a new primitive: the ability to coordinate people and capital at internet scale, with ownership embedded directly into the system.
— Read on x.com/cdixon/status/2019837259575607401 -
I am also somewhat-serious about this one: dating app swipes are too “cheap”, and don’t signal anything. In this app, each user would set a multiple-choice question, and in order to match with someone you have to get their question right.
— Read on www.atvbt.com/dating-apps-i-would-like-to-see/
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