The impending Age Of Abundance was prophecied in the scriptures thousands of years ago.
Thursday, November 22, 2018
In Defence Of Facebook
It feels like 1999 for Facebook. Microsoft did not split, but all the DC harassing was a hint it was no longer on the cutting edges of innovation. Facebook feels like on a standstill. It has taken quite a beating. There is a backlash.
Facebook is not the next Facebook, and Google is not the next Google, although some of Google's so-called moonshot projects are quite impressive, and in the pipeline.
Today I make free video calls to my parents in Nepal, thanks to Facebook Messenger, although it is true there are others like it. When I showed up for college in Kentucky, and the Internet was the new kid on the block, I had to pay something like two dollars per minute to call my parents. The college phone service was a monopoly. VOIP was unheard of. So when a few years later I came across 20 cents per minute deals, it felt like rocket science to me. Also, at that work study college, you were legitimately paid way below minimum wage. Which meant a week's wages could easily be spent on one conversation. :)
In my home village in Nepal, one of my failed initiatives was to launch a library. It did not fail. We did collect a few books. I donated most of it. But it did not take off as envisioned. Well, in that village today you can get a phone with a data plan. And, boom, there is a library called Google.
The tech giants are subject to public criticism, sure, why not. But let's maintain perspective.
The Big Four -- Apple, Amazon, Google, Facebook --- have collected a lot of data on each of us. True. But what would be the best next step? I think data portability. The data around each person is a personal oil well. It will pay for Universal Basic Income.
FACEBOOK BOARD DEFENDS HOW ZUCKERBERG, SANDBERG HANDLED CRISIS
Facebook is not the next Facebook, and Google is not the next Google, although some of Google's so-called moonshot projects are quite impressive, and in the pipeline.
Today I make free video calls to my parents in Nepal, thanks to Facebook Messenger, although it is true there are others like it. When I showed up for college in Kentucky, and the Internet was the new kid on the block, I had to pay something like two dollars per minute to call my parents. The college phone service was a monopoly. VOIP was unheard of. So when a few years later I came across 20 cents per minute deals, it felt like rocket science to me. Also, at that work study college, you were legitimately paid way below minimum wage. Which meant a week's wages could easily be spent on one conversation. :)
In my home village in Nepal, one of my failed initiatives was to launch a library. It did not fail. We did collect a few books. I donated most of it. But it did not take off as envisioned. Well, in that village today you can get a phone with a data plan. And, boom, there is a library called Google.
The tech giants are subject to public criticism, sure, why not. But let's maintain perspective.
The Big Four -- Apple, Amazon, Google, Facebook --- have collected a lot of data on each of us. True. But what would be the best next step? I think data portability. The data around each person is a personal oil well. It will pay for Universal Basic Income.
FACEBOOK BOARD DEFENDS HOW ZUCKERBERG, SANDBERG HANDLED CRISIS
Tuesday, November 20, 2018
John Battelle Has Hit Oil
John Batelle hit oil. Data is the new oil. And every individual is sitting on their own personal oil well. Only right now The Big Four have it. That should shift to individuals. But oil is physical. Data is not. Data portability will cause the ownership shift without harming The Big Four. This oil well is big enough that it could fund the much touted Universal Basic Income.
Don’t Break Up The Tech Oligarchs. Force Them To Share Instead.
Data Could Drive a Small Business Renaissance. But First, We Have to Free It.
Don’t Break Up The Tech Oligarchs. Force Them To Share Instead.
The idea is simply this: Require all companies who’ve reached a certain scale to build machine-readable data portability into their platforms. ....... that one rule, that one requirement: That every data service at scale had to stand up an API that allowed consumers to access their co-created data, download a copy of it (which I am calling a token), and make that copy available to any service they deemed worthy? ...... the example of a token that has all your Amazon purchases, which you then give to Walmart so it can do a historical price comparison and tell you how much money you would save if you shopped at its online service. ..... I mean, don’t we at least co-own the information about what we bought at Amazon? ...... Why can’t an ecosystem of agents, startups, and data brokers emerge, a new industry of information processing not seen since the rise of search optimization in the early aughts, leveraging and arbitraging consumer information to create entirely new kinds of businesses driven by insights currently buried in today’s data monopolies? ...... It’s be a lot like the Internet was once imagined to be. ...... it could dwarf our current Internet in terms of overall value created ..... tens of thousands of new companies would form, all of them feeding off the newly liberated oxygen of high quality, structured, machine readable data.
Data Could Drive a Small Business Renaissance. But First, We Have to Free It.
The intents, desires, and needs of tens of millions of consumers, who relentlessly poured their queries into Google’s placid and unblinking search box. ..... Adwords was a freaking revolution, but it ain’t nothing compared to what will happen if we unleash data tokens on the world. ...... what happens when local entrepreneurs have access to the information currently silo’d across thousands of walled garden services like Uber, LoopNet, Resy, and of course Facebook and Google ...... dry cleaners, hardware stores, bike shops — and this newly liberated class of information enables an explosion of efficiency, investment, and, well, flourishing in what has become, over the past four decades, a stagnant SMB environment. ..... this new competitive force will drive everyone to play at a higher level, focusing not on moats built on data silos, but instead on what really matters: A highly satisfied customer. That’s certainly Michelle’s goal, and the goal of every successful local business. Why shouldn’t it also be the goal of the data giants?
Wednesday, November 14, 2018
A Self Driving Delivery Car Needs To Look Different
The car needs to be redesigned. A self driving delivery car does not need a windscreen. It needs to be shaped different, more like a box, a box with aerodynamics. The receiver should be able to scan a code and the car should spit out that particular package. In the back. This could be the next big thing since, well, online delivery itself.
Monday, November 12, 2018
Technology Is But Tool
Sundar Pichai of Google: ‘Technology Doesn’t Solve Humanity’s Problems’ https://t.co/RRfITmw9aw
— Paramendra Kumar Bhagat (@paramendra) November 12, 2018
When I was back at I.I.T., I had access to the computer so rarely — maybe I’d been on it three or four times. To come and just have these labs in which you had access to computers and you could program, it was a big deal to me. I was so wrapped up in that, that to some extent I didn’t understand there was a much bigger shift happening with the internet.
There is nothing inherent that says Silicon Valley will always be the most innovative place in the world. There is no God-given right to be that way. But I feel confident that right now, as we speak, there are quietly people in the Valley working on some stuff which we will later look back on in 10 years and feel was very profound. We feel we’re on the cusp of technologies, just like the internet before.
Technology doesn’t solve humanity’s problems. It was always naïve to think so. Technology is an enabler, but humanity has to deal with humanity’s problems.
Technology is but tool. The tool can be used either way.
Friday, November 09, 2018
Thursday, October 25, 2018
Tesla, Uber, Lyft, Waymo, Hyperloop, Bullet, Boring
It might only take 30 minutes to go from DC to NYC, city center to city center, but how do you get to that city center? LA to San Francisco might only be half an hour, but who takes you to the train station. Your cousin is busy.
Self driving cars turn small cars into buses, in that you get a public transport ring. You take the driver out, and the ride is cheap. It is bus rate, cheaper actually. This is not just a revolution in engineering, it also is a revolution in ownership. New financial instruments have to be thought up. Instead of buying a house to rent, maybe you want to buy a car to rent.
Transport is point A to point B. It makes sense for the Hyperloop pod to talk to the Tesla self-driving car. You should be able to pick point A, and your point B, and let them crunch the details. You don't get off the pod and call a cab. The cab is already waiting for you and two other people. You will be dropped off at your point B.
Tesla becomes more viable when it starts doing better numbers, which means mass production. The more you produce the cheaper you can go, wider your horizons. Tesla today is a PC in the mid-90s. The price will look expensive in five years.
China's bullet trains pack a punch. But Musk takes point A to point B to a whole new level. There is even vertical take off. And that is 30 minutes from any point to any other point on earth. Vertical also goes in another direction. There is no limit to how many lanes you can have underground. Solving LA traffic? That entrepreneur deserves a gold medal. LA traffic is a living, breathing nightmare.
Tesla 'obviously' plans to take on Uber and Lyft, says CEO Elon Musk
Self driving cars turn small cars into buses, in that you get a public transport ring. You take the driver out, and the ride is cheap. It is bus rate, cheaper actually. This is not just a revolution in engineering, it also is a revolution in ownership. New financial instruments have to be thought up. Instead of buying a house to rent, maybe you want to buy a car to rent.
Transport is point A to point B. It makes sense for the Hyperloop pod to talk to the Tesla self-driving car. You should be able to pick point A, and your point B, and let them crunch the details. You don't get off the pod and call a cab. The cab is already waiting for you and two other people. You will be dropped off at your point B.
Tesla becomes more viable when it starts doing better numbers, which means mass production. The more you produce the cheaper you can go, wider your horizons. Tesla today is a PC in the mid-90s. The price will look expensive in five years.
China's bullet trains pack a punch. But Musk takes point A to point B to a whole new level. There is even vertical take off. And that is 30 minutes from any point to any other point on earth. Vertical also goes in another direction. There is no limit to how many lanes you can have underground. Solving LA traffic? That entrepreneur deserves a gold medal. LA traffic is a living, breathing nightmare.
Tesla 'obviously' plans to take on Uber and Lyft, says CEO Elon Musk
Tuesday, October 16, 2018
The Top Transit System In The World Suffers For Lack Of Tech
The MTA seeks high-tech solutions for its bus and subway crisis ‘A dire need’ for new products to fix subway delays and move buses through congested streets
The number one solution is Hyperloop. Speed up the construction of the Boston-NYC-DC Hyperloop. One megacity 100 million strong is waiting in the wings. The NYC-DC stretch will be a 30 minute swing, city center to city center. Which means If it takes you 20-30 minutes to get to the city center, you are within reasonable commute distance. All sorts of small residential towns will flourish within that 30 minute strike distance from the DC, Baltimore, Philly, and NYC city centers.
But for NYC that one track will not be enough. NYC needs to go axial with Hyperloop. You know how roads fan out diagonally from the Eiffel Tower in Paris? Something similar needs to happen to NYC with Hyperloop. With Penn Station as the hub, a bunch of 10-15 minute rides need to be carved out. Where I live in right now - Middletown, NY - is a sweet 10 minute Hyperloop distance from Penn Station. What that means is all shorter distances simply don't make economic sense. To that add 15 minutes to get to the train station both ways, and that is a healthy 45 minute commute to and from work. Such Middletowns need to be located in all directions from Penn Station.
You have to rethink real estate. The sector is ripe for disruption. The wooden frame house is the horse carriage. It's time now for the motor car: factory made metal frame homes that bring the costs down 50%.
And then you can hope to tackle the internal congestion. With this radial Hyperloop solution, you will also have solved the housing crisis. Houses are too artificially expensive. Everyone who has a job deserves to be able to buy a house. How do you do that? By bringing the price on the houses down. Manufactured homes have made vast improvements. They offer better designs than conventional houses, are far stronger (try hurricane, fire, earthquake proof ... bring it on, Sandy!) and are on average half the price of similar sized wooden frame houses. And you can set them up by cutting few trees. Heck, you could have tree houses.
You want the rural, rustic lifestyle of trees all around you, but you also want the advantage of having 10 million people congregated on one island. The knowledge economy, the service economy is the future. The soft skills will be in vogue as robots and AI relentlessly eat into the hard skills of hammering nails.
One 100 million strong megacity will also free up large chunks of land across the country. America should plant itself an Amazon forest. The top contributing country to global warming should take the lead on planting some trees.
Once you get the big picture correct and start making moves towards it, you can then come to fixing the trains and buses. Big Data is no substitute for fixing traffic signals, and orchestrating fewer cars on the streets, but Big Data can go a long way. Who says city governments can't invest in tech startups? A few good moves and the city debt is paid for.
Data is the new oil. The city could charge for the data it collects.
WiFi all across the Subway would turn the trains into the place where people go to have meetings. It will also help serve ads. I am for keeping the ticket prices down. The subway cab is where New Yorkers meet each other. 100 maybe thousand times truer than Central Park.
Google's Waymo car service is custom made for NYC. It is already active in Phoenix. Ends up if you don't need drivers cab rides are super cheap. And self driving cars don't need parking space, they automatically do car pooling. One person in a four seater car is the traffic congestion problem that is for lack of intelligence. Artifical Intelligence, that is.
New York’s subways and buses are in crisis. As it copes with cascading delays, traffic congestion, and declines in ridership, the Metropolitan Transportation Authority (MTA) is seeking salvation from an unlikely source: the tech sector. On Wednesday, the MTA announced the creation of “the nation’s first Transit Tech Lab,” an accelerator designed to vet new high-tech products designed to help improve the nation’s largest public transit system.
The number one solution is Hyperloop. Speed up the construction of the Boston-NYC-DC Hyperloop. One megacity 100 million strong is waiting in the wings. The NYC-DC stretch will be a 30 minute swing, city center to city center. Which means If it takes you 20-30 minutes to get to the city center, you are within reasonable commute distance. All sorts of small residential towns will flourish within that 30 minute strike distance from the DC, Baltimore, Philly, and NYC city centers.
But for NYC that one track will not be enough. NYC needs to go axial with Hyperloop. You know how roads fan out diagonally from the Eiffel Tower in Paris? Something similar needs to happen to NYC with Hyperloop. With Penn Station as the hub, a bunch of 10-15 minute rides need to be carved out. Where I live in right now - Middletown, NY - is a sweet 10 minute Hyperloop distance from Penn Station. What that means is all shorter distances simply don't make economic sense. To that add 15 minutes to get to the train station both ways, and that is a healthy 45 minute commute to and from work. Such Middletowns need to be located in all directions from Penn Station.
You have to rethink real estate. The sector is ripe for disruption. The wooden frame house is the horse carriage. It's time now for the motor car: factory made metal frame homes that bring the costs down 50%.
And then you can hope to tackle the internal congestion. With this radial Hyperloop solution, you will also have solved the housing crisis. Houses are too artificially expensive. Everyone who has a job deserves to be able to buy a house. How do you do that? By bringing the price on the houses down. Manufactured homes have made vast improvements. They offer better designs than conventional houses, are far stronger (try hurricane, fire, earthquake proof ... bring it on, Sandy!) and are on average half the price of similar sized wooden frame houses. And you can set them up by cutting few trees. Heck, you could have tree houses.
You want the rural, rustic lifestyle of trees all around you, but you also want the advantage of having 10 million people congregated on one island. The knowledge economy, the service economy is the future. The soft skills will be in vogue as robots and AI relentlessly eat into the hard skills of hammering nails.
One 100 million strong megacity will also free up large chunks of land across the country. America should plant itself an Amazon forest. The top contributing country to global warming should take the lead on planting some trees.
Once you get the big picture correct and start making moves towards it, you can then come to fixing the trains and buses. Big Data is no substitute for fixing traffic signals, and orchestrating fewer cars on the streets, but Big Data can go a long way. Who says city governments can't invest in tech startups? A few good moves and the city debt is paid for.
Data is the new oil. The city could charge for the data it collects.
WiFi all across the Subway would turn the trains into the place where people go to have meetings. It will also help serve ads. I am for keeping the ticket prices down. The subway cab is where New Yorkers meet each other. 100 maybe thousand times truer than Central Park.
Google's Waymo car service is custom made for NYC. It is already active in Phoenix. Ends up if you don't need drivers cab rides are super cheap. And self driving cars don't need parking space, they automatically do car pooling. One person in a four seater car is the traffic congestion problem that is for lack of intelligence. Artifical Intelligence, that is.
— Paramendra Kumar Bhagat (@paramendra) October 16, 2018
@mta @rachelhaot @TransitTechLab The Top Transit System In The World Suffers For Lack Of Tech https://t.co/jZWBPFfuhc— Paramendra Kumar Bhagat (@paramendra) October 16, 2018
Here is Cuomo's full remarks on the subway crisis today while talking about Penn Station/Moynihan Train Hall: pic.twitter.com/cSA8DvDmw3
— Dan Rivoli (@danrivoli) September 6, 2018
#Countries Are Dead, So It's Time to Think Differently. #Cities are the most fundamental structure of social organization empires come and go, nations crumble all the time, [but] the city’s always there. https://t.co/ryY5Oo06Wk @ozy @J_Watkins1 #geopolitics #connectography
— Parag Khanna (@paragkhanna) October 16, 2018
@alon_levy This is impressive. https://t.co/LR36FP0MJP I hope it is implemented.
— Paramendra Kumar Bhagat (@paramendra) October 16, 2018
Monday, October 15, 2018
Two Cat Doors
The new Palm is a tiny phone to keep you away from your phone https://t.co/ANp4mA7LCw via @Verge
— Paramendra Kumar Bhagat (@paramendra) October 15, 2018
Tuesday, September 25, 2018
मेरो टेक ब्लॉग मा नेपाली भाषामा लेख्दा
यो मेरो टेक ब्लॉग हो। यहाँ म पहिलो पटक नेपाली भाषामा लेखिराखेको छु। मेरो नेपाल ब्लॉग छ जहाँ मैले नेपाली मा हजारौं पटक लेखेको छु। तर त्यो राजनीतिक ब्लॉग हो। यो चाहिँ मेरो टेक्नोलॉजी र बिजनेस सम्बन्धी ब्लॉग हो। नेपालमा टेकेर ग्लोबल साउथ मा पस्रिने किसिमका टेक्नोलॉजी स्टार्टअप हरु बारे कुरा गर्नु छ। अंग्रेजी मात्र होइन, नेपाली पनि विज्ञानं प्रविधि र बिजनेस को भाषा हो। हामीले देखेको ईकॉमर्स को सपना मा देश र दुनिया को प्रत्येक भाषा बिजनेस को भाषा हो।
मैले केही महिना देखि यूट्यूब मा विडियो ब्लॉग्गिंग पनि गर्दै आएको छु। मुख्य रूपले नेपालीमा। तर मैथिलि र हिन्दीमा पनि बोलेको छु। विडियो ब्लॉग्गिंग को त्यो मजा हुँदो रहेछ। बोल्दा बोल्दै अर्को भाषा मा बोल्न पुगे फरक नपर्ने। मुख्य कुरा भाषा होइन, मुख्य कुरा हो कुरा बुझ्नु।
निजगढ एयरपोर्ट ले भारत र चीन जोड्ने काम गर्छ
मैले केही महिना देखि यूट्यूब मा विडियो ब्लॉग्गिंग पनि गर्दै आएको छु। मुख्य रूपले नेपालीमा। तर मैथिलि र हिन्दीमा पनि बोलेको छु। विडियो ब्लॉग्गिंग को त्यो मजा हुँदो रहेछ। बोल्दा बोल्दै अर्को भाषा मा बोल्न पुगे फरक नपर्ने। मुख्य कुरा भाषा होइन, मुख्य कुरा हो कुरा बुझ्नु।
निजगढ एयरपोर्ट ले भारत र चीन जोड्ने काम गर्छ
Sunday, August 05, 2018
The Blockchain And The Bitcoin
Opinion | Transaction Costs and Tethers: Why I'm a Crypto Skeptic - The New York Times https://t.co/QJr4cFmOfm via @GoogleNews
— Paramendra Kumar Bhagat (@paramendra) August 5, 2018
Transaction Costs and Tethers: Why I’m a Crypto Skeptic by Paul Krugman
comes down to two things: transaction costs and the absence of tethering ...... the enthusiasm for cryptocurrencies seems very odd, because it goes exactly in the opposite of the long-run trend. Instead of near-frictionless transactions, we have high costs of doing business, because transferring a Bitcoin or other cryptocurrency unit requires providing a complete history of past transactions. Instead of money created by the click of a mouse, we have money that must be mined — created through resource-intensive computations. ........ you need the digital equivalent of biting a gold coin to be sure it’s the real deal, and the costs of producing something that satisfies that test have to be high enough to discourage fraud. ........ cryptocurrency enthusiasts are effectively celebrating the use of cutting-edge technology to set the monetary system back 300 years ......... please answer the question, what problem does cryptocurrency solve? Don’t just try to shout down the skeptics with a mixture of technobabble and libertarian derp.
The Blockchain is like the Internet, the Bitcoin is like a search engine built on top of that internet. A dozen search engines failed and then Google came along. It is not surprising that several cryptocurrencies have failed. That does not take away from the promise of the Blockchain. The Blockchain will be 1,000 times more promising than the Internet.
You could not have built Facebook or YouTube in 1998. There simply was not enough bandwidth to go around. I think Blockchain technology is waiting for a similar quantum jump in computational power to take off. Perhaps quantum computers will do the trick. And then the Blockchain goes mainstream.
Bitcoin (1/31/2014)
The Blockchain Is About Trust (12/07/2014)
Crypto token roundup
Crypto Tokens: A Breakthrough in Open Network Design
crypto tokens — a new way to design open networks that arose from the cryptocurrency movement that began with the introduction of Bitcoin in 2008 and accelerated with the introduction of Ethereum in 2014. Tokens are a breakthrough in open network design that enable: 1) the creation of open, decentralized networks that combine the best architectural properties of open and proprietary networks, and 2) new ways to incentivize open network participants, including users, developers, investors, and service providers. By enabling the development of new open networks, tokens could help reverse the centralization of the internet, thereby keeping it accessible, vibrant and fair, and resulting in greater innovation.
Reply to @paulkrugman The Blockchain is like the Internet, the Bitcoin is like a search engine built on top of that internet. A dozen search engines failed and then Google came along. https://t.co/acNLcKlpFD
— Paramendra Kumar Bhagat (@paramendra) August 5, 2018
Thursday, March 22, 2018
Direct Listing
The idea of a direct listing is intriguing.
Music streaming service Spotify, valued at roughly $19 billion in the private markets, has also filed for a direct listing and will debut on the NYSE on April 3. ....... A direct listing lets investors and employees sell shares without the company raising new capital or hiring a Wall Street bank or broker to underwrite the offering.
Could IBM Have Bought Microsoft?
Not likely. Microsoft did try to buy Google, "at any price." And Google did try to buy Facebook. But the Blockchain is not just the next Google or Facebook, it is an entirely new platform, it is the next Internet. There is no buying the Internet.
It would be hard, perhaps impossible, for a company like Google to also be big on the Blockchain. It is an Internet company.
Brave is a web browser that competes with Google’s Chrome. Instead of running targeted ads, Brave uses blockchain technology to pay websites when people spend time there. BitClave lets people perform searches online, and get rewarded for seeing ads. Another project, Presearch, is also using blockchain to try to compete with Google’s search engine
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