Responsible Innovation

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What Twitter Sells

Elon Musk
Elon Musk recently wrote, "Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences," he followed with, "Twitter aspires to be the most respected advertising platform in the world." Twitter cannot serve two masters. So, which will it be, "a free-for-all hellscape," or "the most respected advertising platform in the world." Continue Reading →

Understanding “The Merge”

Ethereum
The most significant event in the short history of Web3 will most likely occur on September 15, 2022. That’s when Ethereum, the largest smart contract blockchain (with the second largest cryptocurrency by market cap), is now scheduled to enact an existential operational change. If it fails, “The Merge,” as it is colloquially called, is almost sure to take the crypto markets down with it. But even if The Merge is 100 percent successful, it will come with profound implications regarding censorship, regulation, and the future of money. Continue Reading →

AI and Art

AI generated Théâtre D'opéra Spatial
Jason M. Allen's piece "Théâtre D'opéra Spatial" recently won first prize at the Colorado State Fair Fine Arts Competition in the category of "digital arts/digitally-manipulated photography." It was created using an AI image generator known as Midjourney and the human competitors are furious. Should they be? 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 →
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 →

Web3 and Greater Fools

Greater Fool
As we enter another crypto winter, it has become de rigueur for tech types to go on record espousing that Web3 is nonsense, that blockchain is a terrible technology, and that cryptocurrencies (all of them) are Ponzi schemes. There is seemingly no end to the tweets and blog posts from highly credentialed people about tulips and "The Emperor's New Clothes" and greater fool theory. It's as if the technocrats want to make sure that they know that you know that they know that all things Web3 are technologically inferior to all things Web2. Are they right? 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 →

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 →

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