Trusting it is a Big mistake, it is the Biggest Loophole Market to distribute, manipulate and divide information with context of political views. Coindesk or Investopedia can be marked as not secured by random Wikipedia editors to their choice. Suppose your views on Russ-Ukraine War could be easily be suppressed.

Game Of Wikipedia

The Internet is providing us with a microeconomic leverage to let ourselves experience the world within the mind. Its capturing everybody, suppose target the minimum attention span time its declining, our sleep cycles are deteriorating & mood swings count the max.Spreads out a methodology to let us talk with any corporate leader, opposite gender, psychopath or a terrorist within sitting inside our home.

Exit

Go for the skills, suppose majority of Gen Z spends their maximum of their time on screens. Look for the opportunities. But never you thrive yourself for creating next Google, Spotify or Apple. Develop something Real. Target the requirments of the market, study your potential, collab with experts of same domain and hey you have become a entrepreneur

Advice For Young People 

Decentralization of a technology allows anybody to pick it and use it, allowing for creative results to pop up. YouTube Shorts : This gave right for the Creators to squeeze their content in a timeline to upskill the method promotion.Centralization mostly helps a single market gain tons of money. Google perfectly suits the bracket, it centralized its data to the customers but thrashing itself into a monopoly position.AI is set to be put into Decentralization mechanism to let the world use it, upskill it and deliver innovative outputs.

AI, AR & VR

Life-expectancy ratio is the greatest factor which is statistically proven. Now just combine it with AI, as the intelligence gives out closest health status. The results might show us the exact decade for the patient losing his life.Its pretty hard to digest but as the humans proceed their avg age, immunity or intelligence quotient would seemingly decline.

Longevity

"Problem isn't in becoming Tech Savvy, but in turning into a Tech Slavey"

Balaji Srinivasan is an angel investor, tech founder, philosopher, and author of The Network State: How to Start a New Country. He was formerly the CTO of Coinbase and General Partner at Andreessen Horowitz. Please support this podcast by checking out our sponsors: - Policygenius: https://www.policygenius.com/ - Blinkist: https://blinkist.com/lex to get 25% off premium - Notion: https://notion.com - Onnit: https://lexfridman.com/onnit to get up to 10% off EPISODE LINKS: Balaji's Twitter: https://twitter.com/balajis Balaji's Website: https://balajis.com Books: 1. The Network State: https://thenetworkstate.com 2. Reputation and Power: https://amzn.to/3eyQiF6 3. Exit, Voice, and Loyalty: https://amzn.to/3TpuLNP 4. Seeing Like a State: https://amzn.to/3MJfvcD Articles: 1. Bitcoin Is Civilization: https://www.commonsense.news/p/is-bitcoin-anarchy-or-civilization 2. Great Protocol Politics: https://foreignpolicy.com/2021/12/11/bitcoin-ethereum-cryptocurrency-web3-great-protocol-politics PODCAST INFO: Podcast website: https://lexfridman.com/podcast Apple Podcasts: https://apple.co/2lwqZIr Spotify: https://spoti.fi/2nEwCF8 RSS: https://lexfridman.com/feed/podcast/ YouTube Full Episodes: https://youtube.com/lexfridman YouTube Clips: https://youtube.com/lexclips SUPPORT & CONNECT: - Check out the sponsors above, it's the best way to support this podcast - Support on Patreon: https://www.patreon.com/lexfridman - Twitter: https://twitter.com/lexfridman - Instagram: https://www.instagram.com/lexfridman - LinkedIn: https://www.linkedin.com/in/lexfridman - Facebook: https://www.facebook.com/lexfridman - Medium: https://medium.com/@lexfridman OUTLINE: Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (00:00) - Introduction (01:24) - Prime number maze (27:37) - Government (43:53) - The Network State (53:57) - Pseudonymous economy (1:17:43) - Exit (1:32:24) - Building a network state (2:20:11) - Wikipedia (2:57:41) - Fixing science (3:24:09) - Fixing the FDA (4:55:18) - Longevity (5:14:15) - Donald Trump's ban from social media (5:43:34) - War (5:50:43) - Censorship (6:04:42) - Social media (6:20:58) - Wokeism and communism (6:39:46) - Cryptocurrency (6:57:18) - AI, AR, and VR (7:09:17) - Advice for young people (7:42:12) - Regulating logic

productivity

Productivity

technologyandthefuture

Technology & The Future

strategy

Strategy

education

Learning & Education

podcasts

Podcasts

Conversations about science, technology, history, philosophy and the nature of intelligence, consciousness, love, and power. Lex is an AI researcher at MIT and beyond.

Lex Fridman Podcast

#331 – Balaji Srinivasan: How to Fix Government, Twitter, Science, and the FDA

Even before the rise of second-brain apps like notion, obsidian or roam; there was this invention called the filling cabinet known as a great gigantic memory tool. The benefit was being able to organize content of any sort of information: documents, bills, tax forms, receipts, and more. But not everyone was happy of how the filling caninets were suppose to externalized personal memory. What would be the consequences of trying to turn every aspect if your life into information? -

When Everything In  Lives Becomes Data....

We are constantly turning our lives into data, much of it nonphysical: photos, screenshots, notes, messages and bookmarked and other digital detritus. This compendium of self-knowledge seems only to expand. Now, there is a new category of apps known as "personal-knowledge bases" or simply as "second brains". These type of apps like Notion, Obsidian and Roam Research are designed not only to store everyrhing that our brains cant hold but to makes us better at retrieving information. "If a thought can not be retrived, then it's not a useful thoughts"

The Evolution Of The Filling Cabinet

These platforms have fostered subcultures of devotees users, who built templates of almost anything from Habits Trackers to Life Dashboards. These apps encourage a radical level of self-documentation, especially the most prosaic details of their lives on to them. People have databases of all the books they wanna read or articles to read. Watching notions users describe how they are building their systems and accumulating information of every aspect of their lives. But, do we really need all that information? Why is this need to constantly capture and store information increasing so rapidly?

The Anxiety Become The Reality

Even though, these apps have created subcultures that adore using them to upload and organize information at an excesive level, saying that they are the despicable tools is an exageration. They do serve their purpose of organizing data, its just that we need to get aware of how we are using it, if what we are doing with it is meaningful or just an activity we do to feel "productive and busy".

Leaving With More Questions Than Answers...

Little did I know I going to experienced this phenomenon

Apps like Notion, Roam Research, Obsidian, and Mem promise to collect all the digital material we generate into one single, seamless interface. These platforms have fostered thriving subcultures of devotees. Do we really need all of that information?

problemsolving

Problem Solving

The Rise of the Tabulated Self

Our dreams in life set up the life we are about to take. It sets up our ability and capabilities to do something. It gives us a sense of what we are willing to do and what we are willing to sacrifice.

It's not what the vision is, it's what it does to the visionary.

Sometimes, the amount of the things that we are willing to sacrifice will gauge how much we want something; it tells how much things we are willing to give up just for that one thing.

When we desire and put our mind into one thing, we automatically get a glimpse of our future and how we want it to look like.

This is the part where we set our vision.

Our vision/s in life set our paths, where we want to go, how long we will work for to get our desires.

Our vision gives us a sense of what we want, and how much we can actually prioritize it. It gives us a sense of time and pace as to how, where and when we can actually achieve our dreams.

What does our vision do to us?

We envision as to give us a sense of purpose, by which gives us clarity in life, by which makes us appreciate our lives more.

<ul><li>sensibility & clarity</li><li>life purpose</li><li>everyday motivation</li><li>thirst and hunger for success</li></ul>

What the vision does to the visionary: 

personaldevelopment

Personal Development

mentalhealth

Mental Health

Life Purpose

There are various opinions and definitions on what Web3 is, let's have a look to a few mentioned:<ul><li>"A decentralized online ecosystem based on blockchain." - Gavin Woods</li><li>"An internet without Amazon, Google, and Microsoft." - Michael del Castillo, Forbes</li><li>"More a marketing buzzword than reality." - Elon Musk</li><li>"Something new and exciting which somehow involves blockchain."</li></ul>

What is Web3?

Blockchains are extremely painful to use for various reasons:<ul><li>Limited transactions</li><li>Congestion</li><li>Cost</li><li>Limited compute</li><li>Limited storage</li></ul>But despite that it has three features which make it absolutely unique:<ul><li>Trustless event ordering</li><li>Transparency</li><li>Immutability</li></ul>"Blockchain makes sense to use when trustless event ordering, transparency and immutability are absolutely essential."

Blockchain Use

Let's have a look to different situations where Trustlessness and transparency really matter:<ul><li>International borders</li><li>Powerful monopolies</li><li>War, disagreement, instability, mistrust</li><li>Employees and customers scattered around the world</li><li>Absence of courts and police</li><li>Corruptions, theft</li></ul>

Where/when do Trustlessness and Transparency Matter?

"The more of these attributes come together, the more of a compelling blockchain and web3 usecase there probably is."

Let's say you spot a project which offers a 18% guaranteed returns using web3.Now you should ask yourself:<ul><li>What do high guaranteed returns have to do with trustlesness, immutability, and transparency?</li></ul>Nothing... In this case we see a lack of basic connection.

1st Practical Examples on Web3 Use

In this case we have a Unicef project which aims to support internet access accross South America and Africa. And it operates as follows:<ul><li>Smart contract disperses funds only to schools with a working internet connection.</li><li>Donors watch funds flow in real time to connected schools.</li><li>Blokchain allows having a transparent record system.</li></ul>

2nd Practical Examples on Web3 Use

In this last examples let's imagine this scenario: Artist/Programmer/Refugees living in 18 countries want to start a company/collective/organization. The following doubts arise:<ul><li>Which currency is the special one?</li><li>Which country is the special one?</li><li>Open bank accounts is 18 countries?</li><li>How to govern company?</li><li>Audit the books - employees, local tax authorities...</li><li>Blockchain makes all of these transparent.</li></ul>

3rd Practical Examples on Web3 Use

"Smart contract built on a decentralized system which connects real world events to the flow of money begins to make a lot of sense."

Even with overwhelming rationale for blockchain, still need to deal with:<ul><li>Scaling</li><li>Compute</li><li>Storage</li><li>Transaction/s</li><li>Congestion</li><li>Cost (inverse unit economics)</li><li>Carbon Footprint</li></ul>

Blockhain: Painful but Beatiful

"Summarizing, if someone comes to you and promises you a lot of cash quickly and easily that's not really a web3 project.Instead what we're looking for are a combination of attributes that are forcing that project to use decentralized systems despite all their problems."

Web3 isn't inherently a scam, it all depends on the purpose, community and goal of the project.In this TED Talks he gives us guidelines on how to make good project judgements without falling for scams.

Is Web3 a Scam?

In this brief but intense TEDxTalks Jan Liphardt gives us guidelines and tools to detect scams on the now famous Web3.

I provide a framework and tools to assess how #web3 provides value and how to separate fact from fiction in the web3 space. Blockchains can be painful but beautiful - this means that sustainable opportunities where a web3 solution makes sense are nuanced. Jan is an Associate Professor of Bioengineering at Stanford University and a Professor in Residence at StartX. For his Ph.D. work at Cambridge University, he used computers, information theory, and statistics, such as stochastic context free grammars, to find patterns in genomes. He was a physics professor at UC Berkeley until 2013, when he moved to Stanford. In 2016, he worked with Joe Biden’s cancer moonshot initiative and a social network to help patients share sensitive medical data. Jan cofounded Enya in 2018 as a way to reframe how sensitive information flows through the internet and how data analytics can be better balanced with privacy. Jan is a Sloan Research Fellow and a Searle Scholar. At Stanford, Jan focuses on privacy preserving digital health and he teaches a blockchain / distributed systems class. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx

crypto

Cryptocurrency

moneyandinvestments

Money & Investments

I provide a framework and tools to assess how #web3 provides value and how to separate fact from fiction in the web3 space.  Blockchains can be painful but beautiful - this means that sustainable opportunities where a web3 solution makes sense are nuanced.   

Jan is an Associate Professor of Bioengineering at Stanford University and a Professor in Residence at StartX. For his Ph.D. work at Cambridge University, he used computers, information theory, and statistics, such as stochastic context free grammars, to find patterns in genomes. He was a physics professor at UC Berkeley until 2013, when he moved to Stanford.

In 2016, he worked with Joe Biden’s cancer moonshot initiative and a social network to help patients share sensitive medical data. Jan cofounded Enya in 2018 as a way to reframe how sensitive information flows through the internet and how data analytics can be better balanced with privacy.

Jan is a Sloan Research Fellow and a Searle Scholar. At Stanford, Jan focuses on privacy preserving digital health and he teaches a blockchain / distributed systems class. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx

TEDx is an international community that organizes TED-style events anywhere and everywhere -- celebrating locally-driven ideas and elevating them to a global stage. TEDx events are produced independently of TED conferences, each event curates speakers on their own, but based on TED's format and rules.

TED's videos may be used for non-commercial purposes under a Creative Commons License, Attribution–Non Commercial–No Derivatives (or the CC BY – NC – ND 4.0 International) and in accordance with our TED Talks Usage Policy (https://www.ted.com/about/our-organization/our-policies-terms/ted-talks-usage-policy). 

For more information on using TED for commercial purposes (e.g. employee learning, in a film or online course), please submit a Media Request here: https://media-requests.ted.com.

TEDx Talks

Is web3 a scam? | Jan Liphardt | TEDxBostonStudio

Let's learn a little bit with these brilliant entrepreneur words. Here are the top Elon Musk quotes.

Elon Musk Quotes

When something is important enough, you do it even if the odds are not in your favor.

No, I don't ever give up. I'd have to be dead or completely incapacitated.

Persistence is very important. You should not give up unless you are forced to give up.

The first step is to establish that something is possible; then probability will occur.

There are way easier places to work, but nobody ever changed the world on 40 hours a week.

You have to be pretty driven to make it happen. Otherwise, you will just make yourself miserable.

Magnate and genius Elon Musk has a lot to teach us. Here we list 101 most famous Elon Musk quotes that can change your perception about business & life.

motivationandinspiration

Motivation & Inspiration

101 Elon Musk Quotes That Will Inspire Your Success | Totempool

“Privacy is the foundation of free societies.”

“Sort of the ultimate Tamagotchi, the blockchain is a globally distributed nest egg.”

One of the biggest challenges to the adoption of blockchain technology is education.It is a highly technical topic that one cannot fully learn and understand in one briefing, meeting or discussion. It truly takes a concerted study.

Challenges in adopting blockchain

However, it took a while for people to realize how useful it was. Similarly, Bitcoin is the currency that will power blockchain technology in this century.But before you can understand its usefulness, you need to know how to use it and earn your first bitcoins.

The internet is the backbone of our modern world

You might be skeptical of a seller who refuses to use banks or notaries, and for good reason. Banks have long served as the middleman between buyers and sellers by authenticating transactions and ensuring that property titles are correct. However, there’s no guarantee that the bank itself is trustworthy. Banks can go bankrupt and lose money by making bad deals, companies like Uber sell customer data without getting consent from customers, and governments are capable of going bankrupt themselves.

Trusting banks

<ul><li>The internet is a powerful tool for communication, but it lacks the security necessary to conduct big transactions. However, there’s a new technology that might change this perception of the internet in the future.</li><li>Blockchain technology is a way of managing transactions. It makes it possible for people to bypass traditional banking authorities by making all transactions transparent and decentralized so that everyone involved can see what’s happening with the database.</li><li>Blockchain is a system of verification that makes it impossible for hackers to make changes without being noticed. It also does<warningtag>n’t allow old entries to be changed, since no one entity controls the blockchain.</warningtag></li></ul>

Internet and security

“We believe that blockchain technology could be an important tool for protecting and preserving humanity and the rights of every human being, a means of communicating the truth, distributing prosperity, and—as the network rejects the fraudulent transactions—of rejecting those early cancerous cells from a society that can grow into the unthinkable.”

“Creating a complete picture of a company financial health, by looking at periodic financial statements, is like turning a hamburger into a cow”

“Every cultural industry is up for disruption, and the promise is that creators get fully compensated for the value they create.”

“Let the code speak for itself.”

“ I’m a big believer in the ability of blockchain technology to effect fundamental change in the infrastructure of the financial service industry.” Bob Greifeld, CEO of NASDAQ

“Governments that wish to repress the voices of citizens everywhere and have captured technologies like the Internet to silence dissidents and block outside media will find blockchain technology significantly more challenging.”

The first, foundational book on blockchain technology, from the bestselling author of Wikinomics Don Tapscott and blockchain expert Alex Tapscott, now in paperback with a new preface and chapter explaining recent developments in the world of blockchain, including cryptoassets, ICOs, smart contracts, and more. “This book has had an enormous impact on the evolution of blockchain in the world.” —Satya Nadella, CEO, Microsoft Corporation In this revelatory book, Don and Alex Tapscott bring us a brilliantly researched, highly readable, and essential book about the technology driving the future of the economy. Blockchain is the ingeniously simple, revolution­ary protocol that allows transactions to be simultaneously anonymous and secure by maintaining a tamperproof public ledger of value. Though it’s best known as the technology that drives bitcoin and other digital cur­rencies, it also has the potential to go far beyond currency, to record virtually everything of value to humankind, from birth and death certifi­cates to insurance claims, land titles, and even votes. As with major paradigm shifts that preceded it, blockchain technology will create winners and losers. This book shines a light on where it can lead us in the next decade and beyond.

books

Books

The first, foundational book on blockchain technology, from the bestselling author of Wikinomics Don Tapscott and blockchain expert Alex Tapscott, now in paperback with a new preface and chapter explaining recent developments in the world of blockchain, including cryptoassets, ICOs, smart contracts, and more.   “This book has had an enormous impact on the evolution of blockchain in the world.” —Satya Nadella, CEO, Microsoft Corporation In this revelatory book, Don and Alex Tapscott bring us a brilliantly researched, highly readable, and essential book about the technology driving the future of the economy.    Blockchain is the ingeniously simple, revolution­ary protocol that allows transactions to be simultaneously anonymous and secure by maintaining a tamperproof public ledger of value. Though it’s best known as the technology that drives bitcoin and other digital cur­rencies, it also has the potential to go far beyond currency, to record virtually everything of value to humankind, from birth and death certifi­cates to insurance claims, land titles, and even votes.    As with major paradigm shifts that preceded it, blockchain technology will create winners and losers. This book shines a light on where it can lead us in the next decade and beyond.

Don Tapscott is an accomplished writer whose work has resonated with readers around the world. Don Tapscott has published several books that explore a range of topics, from fiction to nonfiction, and has received critical acclaim for the ability to weave compelling narratives. Don Tapscott's writing style is known for its depth and authenticity, and has earned quite a loyal following of readers.

Don Tapscott

Alex Tapscott is the CEO of NextBlock Global a digital asset company. Previously, he worked for seven years in investment banking in New York and Toronto.

Alex Tapscott

Blockchain Revolution

"The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist."

Technology is deflationary. Our economic systems were not built for a world driven by technology where prices keep falling. They were built for a pre-technology era when labour and capital were inextricably linked, an era that counted on growth and inflation, an era where we made money from scarcity and inefficiency. That era is over.We're currently living in a fast-pace changing world. What works today won't work tomorrow. Technology is moving too fast and it will only move faster from here.Growth is driven by easy credit, which is being created at a pace that is hard to comprehend.

Introduction: The End of Inflation

All around the world we encounter with rising prices, but this rise in prices is artificially driven by an enormous rise in credit and debt.Governments and central banks will do almost anything to stop deflation.Debt combined with deflation is a toxic combination, because borrowers have to pay the same for their interest payments while earning less.<ul><li>Total debt in 2000: $62 T</li><li>World economy in 2000: $33.5 T</li><li>World economy in 2018: $80 T</li><li>Total debt in 2018: $247 T</li></ul>To achieve a $46 T of global growth it has taken approximately $185 T of global debt.

Inflation, Credit & Debt

Prior to the 2008 crash experts expected the world to continue in the manner in which they were accustomed. This didn't change until they were well past the edge of the cliff.It wasn't housing itself that caused the 2008 bubble. If it hadn't been housing, it would've been somewhere else that easy credit was flowing to.The continuing rise of debt that cannot be paid back was at the heart of any crisis. A bubble pops when people wake up and realize that the debt can never be paid off.Then, credit is removed - and because easy credit was the main thing causing the run-up, assets collapse.

2008 Crisis

"The Federal Reserve is not currently forecasting a recession." - January 10, 2008

"We are in danger of a broad systemic collapse, and action needs to be taken urgently to head it off. We need the authority to spend several hundred billion." - September 18, 2088

One of the pillars of capitalism is a free-market system. A near-constant flow of innovative entrepreneurs breaking monopolies and then themselves creating new ones.The term "creative destruction" was coined by Austrian American economist Joseph Schumpether (1883-1950). In his vision of capitalism entrepreneurs are the disruptive force which sustains economic growth.E.g. Blockbuster dominated the physical movie distribution, with over 9000 stores over the US. They had the monopoly, but they didn't see digital streaming coming. Then Netflix created and Blockbuster was destroyed.

Creative Destruction

"Creative destruction doesn't happen at a steady rate over time. At certain points in history, there is more opportunity for entrepreneurs to create disruption."

"Through economies of scale, the bigger a company was, the more buying power and leverage it had to squeeze out competitors. In contrast, a network effect exists when the value of a product or service gives more value to each user as the number of users increases."

Our thinking is determined by our cognitive biases, resulting in us accepting information which fits our actual beliefs and refusing those which opposes our beliefs. Let's take a look to two common cognitive biases:<ul><li>Anchoring effect happens when our minds put too much weight on initial information when making decisions.</li><li>Sunk-cost bias happens when you continue to invest time or money into something because of the time or emotion you already put in.</li></ul>Cognitive biases fool us and trick our brain to keep a narrow thinking.

It's Hard to Think Differently

"As we navigate our lives, we normally allow ourselves to be guided by impressions and feelings, and the confidence we have in our intuitive beliefs and preferences is usually justified. But not always. We are often confident, even when we are wrong, and an objective observer is more likely to detect out errors than we are."

"Because the people who are crazy enough to think they can change the world are the ones who do."

Progress within the technological field is constantly speeding up. This growth can be understood through Sigmoid Function Curve of Technology which works as follows.S curves resemble an S shape where growth is first quite slow, then exponential, and then it slows before reaching another step change, which creates the new S of the exponential rate before slowing again.It is almost incomprehensible to imagine how much technology speeds up and what will happen next.Let's see technologies that will enter mainstream in the near future:<ul><li>Self-driving cars</li><li>VR & AR</li><li>Additive manufacturing & 3D printing</li></ul>

The Technology Boom

Let's take a look to the first and second laws of thermodynamics:<ul><li>First law states that energy cannot be created or destroyed and that the total amount of energy in the universe must remain the same.</li><li>Second law states that energy always moves from higher to lower concentrations,heat dissipates.</li></ul>The actual energy industry is based on an inefficient route which consumes lots of energy and resources until the final energy is obtained.This inefficiency makes energy a more expensive resource than it should be.Fossil fuel plants are still running despite polluting and being in heavy losses.

Energy Nowadays

Solar energy changes everything. With the actual technology the surface area required to generate all of our needed energy is 496,805 square km.The price per watt with solar energy has dropped from $256 in 1954 to 82 cents today.With the creation of a more efficient way of acquiring energy, costs are dramatically reduced and therefore production of any technology becomes cheaper.With a transition to a cleaner energy source like solar energy we also reduce environmental pollution. And not only that, cheap energy will allow us to remove carbon dioxide from our environment efficiently.

Solar Energy

"In from three to eight years, we will have a machine with the general intelligence of an average human being."

Nowadays most of the success in AI is really machine learning or "narrow" artificial intelligence, not general purpose AI. But while it is easy to dismiss narrow AI and believe in our own superiority, AI that can beat humans at different domains has enormous implications. At one point, instead of training AI, we won't be needed.Bayesian method states that you can learn any problem as long as you had a starting probability and enough cycles to update the probabilities.Our Intelligence, as computers and AI is based on error correction and refinement of hypotheses through iterations.

The Future of Intelligence

"True ignorance is not the absence of knowledge, it's the refusal to acquire it."

"Power tends to corrupt, and asbolute power corrupts absolutely."

The future will be ruled by those who hold the keys to AI and technology. Within this race for power we distinguish different actors:<ul><li>Public entities such as governments.</li><li>Private corporations such as Google and Huawei.</li></ul>Depending on who holds the power the interests may vary, for some actors privacy is a must and for others it is control.Information and knowledge have been expanding exponentially as we build on past learnings and as we improve our technology. Soon - perhaps already - that rate of growth will be too fast for our own minds to keep pace. [...] Then who will be the masters?

Who Will Be the Masters?

"Watch your thoughts, they become words;watch your words, they become actions;Watch your actions, they become habits;watch you habits, they become character;watch your character, for it becomes your destiny."

"The need to belong is a powerful, fundamental, and extremely pervasive motivation, much of what human beings do is done in the service of belongingness."

Our need of belongingness is inherent to us, as humans we are constantly categorizing ourselves and others into groups. F.e. nationality, religion, job, personality...Groups don't necessarily need to be formal, we can belong to hundreds of groups, from your friends' group to a nation that you are proud to call home.These differentiatons in our minds are often about being not only different but better in some way. Those groups make us stand out by saying, "I'm like this, those people are like that." "Here is why you and I belong, why we understand each other."

Us Versus Them

In 1943, American psychologist Abraham Maslow proposed a theory that all humans possess a hierarchy of needs from basic need to self-actualization: some needs were more important than others, and needs on one level must be satisfied before the next can be addressed.Understanding needs and desires and then targeting them is at the heart of persuasion. This work by Maslow helped propel marketing and communications in countless industries and brands.Advertising and marketing deliberately play on our desires and biases to guide our thoughts, therefore influencing our decisions.

The Power of Understanding Needs and Desires

"Ordinary people, simply doing their jobs, and without any particular hostility on their part, can become agents in a terrible destructive process. Moreover, even when the destructive effects of their work become patently clear, and they are asked to carry out actions incompatible with fundamentals standards of morality, relatively few people have the resources needed to resist authority."

You and a friend are caught by police for committing a crime together. The time in prison for the crime are ten years. Police hold you in separate cells with no communication possible.They don't have enough evidence to charge you with a more serious crime, but they do for a lesser crime which will have you both spending one year in jail.To convict you or your friend with the more serious crime, the police will need either your or your friend's confession.The police come into your room and tell you the following:

The Prisoner's Dilemma

<ul><li>If you confess and your friend does not, you will go free. You will spend zero years in prison and your friend willl get the full ten years.</li><li>If you both confess, you will each get five years in prison</li></ul>You must assume that they are about to give your friend the same offer or already have. What should you do?Prisoner's dilemma is one of the most famous examples in game theory. It is an example of a non-zero-sum game, where the actions of each player could make their combined situation better without taking from each other.

Despite being just a hypothetical situation, prisoner's dilemma reflects in an accurate how we tend to behave. Oftentimes the decisions that are best for us are at odds with each other.We can see some examples of this:<ul><li>Drugs or doping in sports: if no one uses them those who best train are awarded, if any athlete cheats he can get caught and exploit the fair results.</li><li>Military spending: if no country had an army that'd mean no war, but if just one country had an army it could rule the world.</li></ul>

A World of Self-interest 

"Now consider all the things technology is, and will soon be, making abundant. Things that are incredibly valuable but because of abundance fall in price precipitously.In a world where technology is concurrently driving deflation and abundance, maybe eventually, one of the forcing functions that makes cooperation more likely to stick is the very fact that there will not be a large economic incentive to "cheat" or "betray" - abundance minimizes the payoff.Or maybe we should attempt to create an economic system that works that way."

"Every company that was designed to have success in the twentieth century is designed to fail in the twenty-first century."

According to Ray Dalio there are only four levers governments can pull to escape debt crisis:<ul><li>Austerity - spending less</li><li>Debt defaults/restructuring</li><li>The central bank printing money or other guarantees</li><li>Wealth transfer - much higher taxes for the rich</li></ul>Because of deflation, austerity would create a vicious feedback cycle and a collapse in asset prices, combined with lower employment that'd result in debt defaults or restructuring. Because of that, lever 1 and lever 2 are inextricably linked.Both levers are extremely painful for society to bear in the short term, hence why dialogue on them is avoided.

How to Escape Debt Crises?

In this scenario we have continued low or negative interest rate environment, central bank printing, modern monetary theory, or other guarantees to keep the party going.The greatest irony of this camp is that it has the highest belief in a free-market economy and capitalism but at the same time doesn't realize that free-market capitalism is not what is happening today.In the short term, this approach can be successful because people feel richer, until the bill is due.Soner than later we'll realize that the only thing driving our economies is the explosion of debt.

Printing Money & Other Guarantees

This strategy has only one endgame:<ol><li>Higher inequality.</li><li>People losing hope in the system due to not being able to mke ends meet.</li><li>More polarization.</li><li>A rise of leaders that use the polarization to create "us versus them" narratives to consolidate power.</li><li>Commonplace revolution and wars.</li></ol>

This line of thinking in politics is the liberal/socialist/communist camp. It goes by the principle that the system should be fair for the disadvantaged, so we must tax the wealthy more to pay for the services to the poor.One of the more prominent proposals in this camp is universal basic income. The idea is simple in premise: raise taxes on the wealthy to give a minimum basic income, whether people work or not, topping people up if they work to a maximum amount but also not requiring them to work for their wage.

Higher taxes on the wealthy, guaranteed basic income

Determining the right amount of basic income differentiated for needs becomes difficult to reasonably achieve.The most important problem with the solution is simply this: it does not deal with the root cause. Deflation is being caused by technology and, because of that, it will ride the same exponential wave technology does. That means that the rate of deflation (without printing more money) will only accelerate from here.The abundance that technology provides us doesn't require net new jobs around the world. It obliterates the work and the jobs we already have.

Since global debt is already so high and expanding quickly, a reset of debt is needed in any truly viable solution.Controlling the value of money can lead to abuse of power - especially if the currency is underlying other currencies.A system that is controlled by one nation and is the backbone of all other currencies might work for a time, until the country's domestic issues force it to unilaterally deliver economic benefit to the nation in control of the currency while hurting all others.Example of this is when the US in 1971, unilaterally terminated the conversion of the US dollar to gold.

Who Controls the Money?

Bitcoin (and other cryptocurrencies) is an attempt at a solution. The promise of Bitcoin was to create a system that was decentralized in nature, unable to be manipulated by anyone - including governments. With Bitcoin limited supply to twenty-one million Bitcoins tries to fix unlimited printing money problem.It creates a peer-to-peer ledger without any central control: the blockchain.As an open, distributed ledger, it offers security and trust by verifying transactions with consensus instead of through a central authority.

Bitcoin as Solution

Occam's razor states: a simpler solution is more likely to be correct than a complex one.What if, instead of trying to stop deflation at all costs, we embrace it? As technology spreads, deflation happens at the rate it should. Deflation becomes something celebrated because it means that we are getting more for less. We allow ourselves to accept abundance.As technology removes jobs and fewer overall jobs are needed, prices will keep falling, allowing those who lose jobs a way to share in the benefit of technology abundance without massive transfers of wealth.

The Simple Solution

If technology-driven price declines continue to the point of something becoming free, we let that happen too. People will no longer have to be on an endless treadmill to pay for things that are constantly rising in price.Prices of all things would fall, yes, but those creating value would be paid for their value creation - at a rate that matched the new realities of supply and demand and our digital world. And those who lose out in our societies would be less at risk.Central banks and governments won't let this happen, but who knows if Bitcoin will surpass their power with a network effect...

"A currency only holds value because of the deemed trust we have in it. Beyond that, it is just a piece of paper with faces and numbers on it."

"Asking big questions is sometimes more powerful than the solution itself because it inspires knowledge of the world to solve it and, as such, brings diverse ways of solving problems."

In this brilliant book, Jeff Booth explains his vision of the near future with the influence of technology on it.

We live in an extraordinary time. In a world that moves faster than we can imagine, we cannot afford to stand still. In this extraordinary contrarian book Jeff Booth details the technological and economic realities shaping our present and our future, and the choices we face as we go forward-a potentially alarming, but deeply hopeful situation.

"Your world view will transform instantly" - SALIM ISMAIL, Bestselling Author of Exponential Organizations We live in an extraordinary time. Technological advances are happening at a rate faster than our ability to understand them, and in a world that moves faster than we can imagine, we cannot afford to stand still. These advances bring efficiency and abundance--and they are profoundly deflationary. Our economic systems were built for a pre-technology era when labour and capital were inextricably linked, an era that counted on growth and inflation, an era where we made money from inefficiency. That era is over, but we keep on pretending that those economic systems still work. The only thing driving growth in the world today is easy credit, which is being created at a pace that is hard to comprehend--and with it, debt that we will never be able to pay back. As we try to artificially drive an economic system built for the past, we are creating more than just economic trouble. On our current path, our world will become profoundly more polarized and unsafe. We need to build a new framework for our local and global economies, and soon; we need to accept deflation and embrace the abundance it can bring. Otherwise, the same technology that has the power to bring abundance to us and our world will instead destroy it. In this extraordinary contrarian book, Jeff Booth, a leading mind and CEO in e-commerce and technology for 20 years, details the technological and economic realities shaping our present and our future, and the choices we face as we go forward--a potentially alarming, but deeply hopeful situation.

Jeff Booth

The Price of Tomorrow

This should not be a gradual process. Instead, a rapid transformation is a better process of digital decluttering. Here is the step-by-step process of decluttering provided by Cal Newport:Put aside 30 days to take a break from technologies that are not essential.Use these 30 days to learn new skills, activities and behaviors that you find meaningful.At the end of the break, you can start reintroducing technologies by starting with your blank slate.For each technology you reintroduce, you must determine the value it serves in your life and how you will maximize this value.

How to declutter your digital belongings

Do not view this period as a detox and nothing else. Instead, use this time to learn about yourself and your relationship with technology. Use it as a period to improve your relationship with the digital world.

What to do during your digital detox

Cal Newport explains that technology reduces the time you spend alone with your thoughts. Avoiding others’ minds intruding on your own is crucial for effective solitude. Solitude also requires you to move past reacting to information created by other people. Instead, you must focus on your own thoughts and experiences.1. You will realize you are better able to establish new ideas2. You will develop a better understanding of the self3. You will obtain a closeness with others that you previously were unable to obtain.

Master solitude

<ol><li>Leave your phone at home</li><li>Take long walks</li><li>Write letters to yourself</li><li>Reclaim your conversations </li><li>Consolidate texting (always keep your phone on do not disturb and allocate certain times of day for texting)</li><li>Reclaim leisure </li></ol>

Practices to adopt 

Seek activities that require real-world social interactions – Cal Newport describes the interaction between the internet and leisure as a renaissance. Every individual has more leisure options at their disposal than ever before. The internet can be a positive thing if used to find genuine social interaction in the physical world.Digital technology should be present but subordinated to a support role.

How to reclaim enjoyment without technology 

this book is perfect if you're like me and want to spend more time in the real world again :)

A New York Times, Wall Street Journal, Publishers Weekly, and USA Today bestseller "Newport is making a bid to be the Marie Kondo of technology: someone with an actual plan for helping you realize the digital pursuits that do, and don't, bring value to your life."--Ezra Klein, Vox Minimalism is the art of knowing how much is just enough. Digital minimalism applies this idea to our personal technology. It's the key to living a focused life in an increasingly noisy world. In this timely and enlightening book, the bestselling author of Deep Work introduces a philosophy for technology use that has already improved countless lives. Digital minimalists are all around us. They're the calm, happy people who can hold long conversations without furtive glances at their phones. They can get lost in a good book, a woodworking project, or a leisurely morning run. They can have fun with friends and family without the obsessive urge to document the experience. They stay informed about the news of the day, but don't feel overwhelmed by it. They don't experience "fear of missing out" because they already know which activities provide them meaning and satisfaction. Now, Newport gives us a name for this quiet movement, and makes a persuasive case for its urgency in our tech-saturated world. Common sense tips, like turning off notifications, or occasional rituals like observing a digital sabbath, don't go far enough in helping us take back control of our technological lives, and attempts to unplug completely are complicated by the demands of family, friends and work. What we need instead is a thoughtful method to decide what tools to use, for what purposes, and under what conditions. Drawing on a diverse array of real-life examples, from Amish farmers to harried parents to Silicon Valley programmers, Newport identifies the common practices of digital minimalists and the ideas that underpin them. He shows how digital minimalists are rethinking their relationship to social media, rediscovering the pleasures of the offline world, and reconnecting with their inner selves through regular periods of solitude. He then shares strategies for integrating these practices into your life, starting with a thirty-day "digital declutter" process that has already helped thousands feel less overwhelmed and more in control. Technology is intrinsically neither good nor bad. The key is using it to support your goals and values, rather than letting it use you. This book shows the way.

artsandculture

Society, Arts & Culture

A New York Times, Wall Street Journal, Publishers Weekly, and USA Today bestseller "Newport is making a bid to be the Marie Kondo of technology: someone with an actual plan for helping you realize the digital pursuits that do, and don't, bring value to your life."--Ezra Klein, Vox Minimalism is the art of knowing how much is just enough. Digital minimalism applies this idea to our personal technology. It's the key to living a focused life in an increasingly noisy world. In this timely and enlightening book, the bestselling author of Deep Work introduces a philosophy for technology use that has already improved countless lives. Digital minimalists are all around us. They're the calm, happy people who can hold long conversations without furtive glances at their phones. They can get lost in a good book, a woodworking project, or a leisurely morning run. They can have fun with friends and family without the obsessive urge to document the experience. They stay informed about the news of the day, but don't feel overwhelmed by it. They don't experience "fear of missing out" because they already know which activities provide them meaning and satisfaction. Now, Newport gives us a name for this quiet movement, and makes a persuasive case for its urgency in our tech-saturated world. Common sense tips, like turning off notifications, or occasional rituals like observing a digital sabbath, don't go far enough in helping us take back control of our technological lives, and attempts to unplug completely are complicated by the demands of family, friends and work. What we need instead is a thoughtful method to decide what tools to use, for what purposes, and under what conditions. Drawing on a diverse array of real-life examples, from Amish farmers to harried parents to Silicon Valley programmers, Newport identifies the common practices of digital minimalists and the ideas that underpin them. He shows how digital minimalists are rethinking their relationship to social media, rediscovering the pleasures of the offline world, and reconnecting with their inner selves through regular periods of solitude. He then shares strategies for integrating these practices into your life, starting with a thirty-day "digital declutter" process that has already helped thousands feel less overwhelmed and more in control. Technology is intrinsically neither good nor bad. The key is using it to support your goals and values, rather than letting it use you. This book shows the way.

Digital Minimalism

Find 100+ Facts about Technology - Curated by others from trusted sources like Books, Podcasts & Articles - Genuine Insights from like-minded Users like You!

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Read like a Pro.

#331 – Balaji Srinivasan: How to Fix Government, Twitter, Science, and the FDA

The Rise of the Tabulated Self

Life Purpose

Is web3 a scam? | Jan Liphardt | TEDxBostonStudio

101 Elon Musk Quotes That Will Inspire Your Success | Totempool

Blockchain Revolution

The Price of Tomorrow

Digital Minimalism

15 Elon Musk ideas - Wikiquote

10 Inspirational Elon Musk Quotes

It's time to Read like a Pro.

It's time to
Read like a Pro.