blockchain

WTF is NFT?

WTF is NFT?

NFT is a shorthand for “Non fungible token.” Fungibility is what enables currencies to be transacted with ease. I can give you $3 and you accept it in exchange for a cup of coffee. This example shows how dollars are fungible. Fungibility is a central characteristic of a currency. And, many things have value that are not currencies.

Unlike currencies, Non-fungible tokens contain unique data that make each NFT non-interchangeable with another NFT. For example, let's look at a house. No two houses are the same: they have different layouts, sizes, exteriors, updates, etc. Even if two homes are identical in build, they sit on different ground. In the same way, no two NFTs are the same, even ones that are in a series because each one is individually and uniquely identified. The non-fungible nature of these unique tokens means they can be used in ways the currencies we’ve come to love cannot be used.

The Time Is Ripe!

The Time Is Ripe!

Our species is amazingly resilient. Our planet is a self-healing organism. We will get through this current crisis. In the meantime, we have important work to do - and we would be remiss to not take advantage of this Great Pause to lean into the important conversations about how we want the next 100 years to look, instead of figuring out how to restart the dysfunctional and disenfranchising “normal” of yesterday.

Building Trust In the Season Of Black Swans

Never before on Mother Earth have eight billion of us operated with the same shared pretense of our vulnerability. The only way to get out the other end of this with our civil rights intact is through trust. In the era of black swans, best-practices and linear predictions are no match for the disorder and chaos we are presented with in the complex, convoluted and interdependent systems we rely upon. Turning our latent, siloed and hoarded resources into the fair and just future we desire can only be effectively accomplished at scale through radical collaboration, which requires trust.

With our growing list of global challenges, the moment is ripe for radical collaboration. No one is immune from COVID-19. No one is safe from natural disasters. How can we leverage these existential crises to meet our most pressing problems? 

Our only hope is to put into practice processes and practices that support our nations, states and neighbors in trusting one another. With more transparency, more connections and more coordination we can build the trust needed to overcome the challenges we all face.

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For us to trust our public officials, media, healthcare providers, grocery store clerks, non-profit partners, philanthropic institutions, research labs, think tanks, and the multitude of other partners needed to halt this plague, and the next, we need more transparency. With more transparency, we can better assess and understand how our interconnected world works - how viruses move, mutate and can be mitigated; how money flows, where it hides and where it can be more wisely allocated. We can all practice being more transparent by sharing our data proactively, and inviting others to look into our practices. With more transparency, we can begin to gain a more accurate picture of the terrain we are journeying through, and stop making ill informed decisions based on our outdated maps.

One of the reasons we find ourselves tangled in our sheets is because we treat our maps as though they are the terrain, but anyone who has ever used a map will tell you just how distant the plan (map) and the reality (terrain) are. Today, we live not in various Cities, Counties, States or Countries, but a highly interdependent web of trade, relationships and mobility. We can no longer deny these facts, and must begin to build and bolster systems that enable us to continue to connect our economies and residents in unimaginably powerful ways. We can practice being more connected by honestly communicating what we are thinking, feeling and witnessing, and developing processes and practices that cut across silos. With more connection, we can access the resources we need to stay strategic, sane and safe. 

To pull this off, we need better coordination. With more coordination, hospitals with closets full of PPE’s can share equipment with neighboring states instead of relying on GoFundMe campaigns and volunteer drives. We can all practice being more connected and collaborative by taking time in understanding our allies and our unlikely allies strategies, and by seeking opportunities to share information, resources and tools that might help them in their efforts. With more coordination, we can meet the needs of the most vulnerable today as we prepare to meet the needs of the most vulnerable tomorrow.

Our world is intertwined, in an incredibly disorderly fashion, so solving our shared problems requires us to begin practicing coordination, transparency and communication across aisles, borders, cultures in a radical fashion. Luckily, these are traits we can practice as individuals, organizations and nations. Let’s start small as we begin to build a healthier, more fair and just 21st Century.

Interested in becoming a more transparent, connected and cohesive organization? Let’s talk!

We're Voting All Wrong!

We're Voting All Wrong!

There are many different ways to make decisions. When our decision-making processes lack integrity, so do the results. If the decision-making process forces people to support a decision they do not really support, then the resulting decision, while appearing to have buy-in, lacks the level of buy-in needed to move the decision from theory to practice.

So, You Raised A Couple Million. Now What?

So, You Raised A Couple Million. Now What?

Right now, the ICO and blockchain space, in general, is filled with visionaries that have deep understandings of technical systems. Many of these visionaries and innovators are cryptographic and software engineering geniuses. That being said, knowing how to envision the outcome and draw the blueprints is only half the equation. Implementing the vision is a whole other ballgame.

Now Accepting Bitcoin

Now Accepting Bitcoin

Bitcoin and Litecoin, two of the most promising cryptocurrencies, have made money management from abroad easy and next to free. The more I use Bitcoin and Litecoin to pay for things, goods and obligations, the more and more frustrated I become with the existing banking systems. The various fees banks charge for withdrawals, transfers, wires, maintenance and beyond have consistently increased, with little (if any) benefit to consumers. Luckily, there is a much better system out there that is gaining momentum every day.

It's Bigger Than Bitcoin

I just finished reading The Starfish and the Spider. The book derives its name from the fact that Starfish are decentralized organisms, they have no central nervous system. If you were to cut a starfish in half, it would live on as two separate organisms. And that's what the book is all about - how decentralized structures are more resilient, flexible and powerful than centralized structures. This book helps put the events of the last decade into a broader context and defines the global movement we are witnessing and participating in.

As each day passes, our reality is becoming more like a sci-fi book, and less like non-fiction. The policies described in 1984 are debated in the halls of government, the tools from the original Star Trek are all around us, and the centralized institutions we understand to be staples of our society are fighting for survival as they are disrupted by decentralized organizations (examples include Uber, Wikipedia and PirateBay, to name a few).

Much of the talk about how financial institutions are being disrupted comes within the context of "Bitcoin." Yes, Bitcoin has proven to be a powerful global monetary force, but Bitcoin is just one of over 2000 digital currencies.  Unfortunately, the current focus on Bitcoin revolves around its market valuation, not the infrastructure that makes it possible.

While it is exciting to watch Bitcoin's value rise, I am far more excited about the technology Bitcoin is built upon and its implications. I am talking about the blockchain (a.k.a distributed ledger technology). The blockchain is creating more resilient communities, a more secure digital life and expanding access to services of all stripes to anybody with an internet connection. This technological evolution we call "blockchain" is about social equity at its core.

1992 is to the internet as 2017 is to blockchain. But with the blockchain, we all have the opportunity to benefit from and participate in the global evolution towards disintermediation, decentralization, and equity (in all senses of the word). If you want to learn more, please check out the below links:

If you have any questions about the blockchain, please let me know. If you have friends, colleagues, parents or students who want to learn about the blockchain, let's organize a workshop. If you want to brainstorm potential crypto-investment opportunities, let's grab a drink. If you want to wax philosophic about the implications of the blockchain, let's get it on the calendar!

So to tie this all together... for Christmas, Hannukah, Kwanza, Solstice and all the other winter gift-giving holidays I am unintentionally leaving out, consider getting that special someone a blockchain wallet, some coins/tokens or this book. All these are foundational tools to help that special someone thrive in 2018 as our global economy and industry evolves onto the blockchain.

Here Comes The Blockchain

Here Comes The Blockchain

Have you read Thomas Friedman’s new book, Thank You For Being Late? It is all about how we can thrive in the age of acceleration; this period of time when change is gaining momentum at ever-increasing light-speed pace.  This break-neck evolution of all systems -- globalization, technology, migration, etc. -- is the new normal.

If you think 2017 has been a crazy year, just wait for and see what’s around the corner in 2018. While I am not a futurist, I am an early adopter, and if 1% of the global economy and my intuition are right, we are in for an exciting transition that began in 2007, has been gaining momentum over the past 10 years and in the next decade will be reaching mass adoption.