2/ “Over the next 10 years, I expect many more industries to be disrupted by software, with new world-beating Silicon Valley companies doing the disruption in more cases than not.” He was right. Software ate much of the world. And it’s still hungry…
-
-
Prikaži ovu nit
-
3/ The internet was THE general purpose technology of the 2000s. From logistics (optimization software) to agriculture (satellite analysis), and defense (software-powered drones), Software has transformed industries the world over How? By providing better information markets.
Prikaži ovu nit -
4/ We could now communicate frictionlessly, rate transactions, rate the raters, and provide information liquidity. What software really did was create markets where they didn’t exist prior. Dozens of unicorns have emerged from this trend.
Prikaži ovu nit -
5/ E.g: · Uber creates a market for riders and drivers to facilitate transportation · Airbnb creates a market for homeowners and travelers to facilitate the need for shelter when traveling · Ebay and Craigslist create a market for people to sell consumer goods for US dollars
Prikaži ovu nit -
6/ Markets and Software are both eating the world together. "While markets have eaten part of the world without software in the past (global shipping trade, invention of the corporation), almost all new markets now are software-enabled." -
@patrissimoPrikaži ovu nit -
7/ Markets Eating The World 1.0: online marketplaces that have transformed travel and transportation and commerce and much more. There are some existing industries where markets haven’t entered at all: Healthcare, Education, Construction.
Prikaži ovu nit -
8/ While every other industry gets cheaper, these industries somehow get more expensive& opaque We need markets to eat these unproductive industries lest they eat the economy + we will have no option but to have government manage redistribution of wealthhttps://twitter.com/eriktorenberg/status/941110583339859968 …
Prikaži ovu nit -
9/ Markets will soon eat these verticals too. Education - Lambda School. Masterclass. Airbnb for homeschool. Duolingo for Math/Science. Masterclass. Healthcare - Nurx. Forward. Pillpack. ISAs for healthcare, etc
Prikaži ovu nit -
10/ Markets Eat The World 2.0 will be when, instead of revolutionizing existing industries, markets create entirely new ones. Examples: Prediction Markets — markets for ideas ISAs — markets for people Charter Cities — markets for governance
Prikaži ovu nit -
11/ Crypto, in theory, should usher in a new era for markets by solving 3 problems with existing markets : 1. they remove rent-seeking middle men from taking profits 2.they allow markets to operate without being monitored or controlled by those same rent-seeking middle men.
Prikaži ovu nit -
12/ 3. "they allow for totally autonomous systems. a machine can now participate in a market without needing a human to intervene. this is one of the really exciting things i think about crypto and machine learning coming into their own around the same time." -
@thedanigrantPrikaži ovu nit -
13/ “What we call society is a series of overlapping networks. Some networks are physical—roads + electricity grids. Some are digital--internet. Some are mental—religion, nation-states, money. Blockchains will make it possible to convert networks into markets." -
@TaylorPearsonMePrikaži ovu nit -
14/ When you get in the AV of the future, you may see a sliding scale offering the ability to calculate the cost of the ride. That AV will manage its own defi bank account and manage its own schedule and routing to optimize its cash flows without human intervention!
Prikaži ovu nit -
15/ "when the AV needs to be refueled, it drives to the gas station and buys more fuel - no humans needed. when it needs repairs, it drives to the repair place and uses its own funds to buy repairs. no humans needed!" -
@thedanigrantPrikaži ovu nit -
16/ Crypto networks offer the following benefits: a) Superior governance (by allowing users to fork off into their own governance structure); b) Superior liquidity (for otherwise illiquid assets via tokenization);
Prikaži ovu nit -
17/ c) superior transparency - eliminates the need for trust Low barriers to entry for market participants; d) superior autonomy because it is a payment and comms system that works between machines
Prikaži ovu nit -
18/ “So, blockchain is fundamentally an agoric technology, not a monetary one. Money is an important marketplace, enabler of marketplaces & blockchain's first killer app. But most future growth will be what I call "markets eating the world", not monetary innovation.”-
@patrissimoPrikaži ovu nit -
19/ Courtesy of conversations with + readings from
@patrissimo@TaylorPearsonMe@danigrant, and@J_Hallac More here: https://twitter.com/patrissimo/status/1110953767585763328 … https://twitter.com/patrissimo/status/1047902319541506048 … https://twitter.com/TaylorPearsonMe/status/1101242724693336064 … https://stephanlivera.com/438 https://www.breaker.audio/venture-stories/e/39840685 …Prikaži ovu nit
Kraj razgovora
Novi razgovor -
Čini se da učitavanje traje već neko vrijeme.
Twitter je možda preopterećen ili ima kratkotrajnih poteškoća u radu. Pokušajte ponovno ili potražite dodatne informacije u odjeljku Status Twittera.