jer979Purpose Struggle
Yesterday, I decided that my blogging career should come to an end. I was doing myself a disservice. I told myself that the goal of the posts was to dig deeper, peel back the layers, get down to the core. But by publishing online (or on-chain as the case may be), I was subconsciously writing for others, even if I told myself that I didn't care if others read. So, in an effort to be more authentic, I figured I'd stop publishing and start doing a private journal. Within 2 hours of that decision...
jer979Value. Happiness.
I feel happy. It's fun, it's light, like a feather floating at the beginning of Forrest Gump. But, like the feather, it's not grounded. It can flitter and float away. Value is also ephemeral. We know it when we see it. We feel it, somewhere deep inside. Something connects to us, saying "yes, this is worth it." The "it" that it's worth is energy. Energy in the form of time, attention, money. The things of which our possession is limited. There's a reason why all the great traditions point to "...
jer979Coffee with AI
Every day for the past month, I’ve had a coffee date with AI. I literally sit down, with a cup of coffee, with an appointment on my calendar that says “coffee with AI”. During that time, AI (I’ve used ChatGPT, Gemini, Perplexity, Claude, and Venice) and I literally have a chat, the way I would with a friend. It’s not “write this letter for me” or “do this or that.” No, it’s a chance for us to have a conversation about whatever topic I want. Many days, recently, at least, it’s been about quant...
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www.twitter.com/jer979
jer979Purpose Struggle
Yesterday, I decided that my blogging career should come to an end. I was doing myself a disservice. I told myself that the goal of the posts was to dig deeper, peel back the layers, get down to the core. But by publishing online (or on-chain as the case may be), I was subconsciously writing for others, even if I told myself that I didn't care if others read. So, in an effort to be more authentic, I figured I'd stop publishing and start doing a private journal. Within 2 hours of that decision...
jer979Value. Happiness.
I feel happy. It's fun, it's light, like a feather floating at the beginning of Forrest Gump. But, like the feather, it's not grounded. It can flitter and float away. Value is also ephemeral. We know it when we see it. We feel it, somewhere deep inside. Something connects to us, saying "yes, this is worth it." The "it" that it's worth is energy. Energy in the form of time, attention, money. The things of which our possession is limited. There's a reason why all the great traditions point to "...
jer979Coffee with AI
Every day for the past month, I’ve had a coffee date with AI. I literally sit down, with a cup of coffee, with an appointment on my calendar that says “coffee with AI”. During that time, AI (I’ve used ChatGPT, Gemini, Perplexity, Claude, and Venice) and I literally have a chat, the way I would with a friend. It’s not “write this letter for me” or “do this or that.” No, it’s a chance for us to have a conversation about whatever topic I want. Many days, recently, at least, it’s been about quant...
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jer979Re-platforming
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jer979Re-platforming
For the last few years, my home office has involved a Microsoft Surface computer, a docking station, 2 external monitors and a bunch of peripherals.
I’m in the midst of restructuring now to make the home office MacBook Pro-centric.
It would be nice if I could use the exact same hub for the MacBook Pro as I do for the Surface, but I can’t.
Each vendor wants me “locked in” to their platform.
It creates switching costs, literally, in the form of buying a new hub, new adapters, and in time, in the form or trying to engineer a solution.
This is the business model of the 20th century. And it has extended into the digital realm, to include our social media apps and financial apps, just to name a few. Go ahead, try to migrate all of your assets, information, debit cards, and credit information from Bank A to Bank B.
We’ll wait.
The vision of the digital-based business model of the 21st century, relying upon public decentralized ledgers is one where re-platforming is trivial.
Because everything is open and permissionless, switching costs due to lock-in are almost non-existent.
What “locks” you into an app (or a dapp) is the user experience. It’s the community. It’s not the technology.
We should be able to move our assets however we want, whenever we want (within a few legal boundaries, of course, but I don’t think switching from Microsoft to Apple is one of those).
One day, and probably sooner than we think, we will.
For the last few years, my home office has involved a Microsoft Surface computer, a docking station, 2 external monitors and a bunch of peripherals.
I’m in the midst of restructuring now to make the home office MacBook Pro-centric.
It would be nice if I could use the exact same hub for the MacBook Pro as I do for the Surface, but I can’t.
Each vendor wants me “locked in” to their platform.
It creates switching costs, literally, in the form of buying a new hub, new adapters, and in time, in the form or trying to engineer a solution.
This is the business model of the 20th century. And it has extended into the digital realm, to include our social media apps and financial apps, just to name a few. Go ahead, try to migrate all of your assets, information, debit cards, and credit information from Bank A to Bank B.
We’ll wait.
The vision of the digital-based business model of the 21st century, relying upon public decentralized ledgers is one where re-platforming is trivial.
Because everything is open and permissionless, switching costs due to lock-in are almost non-existent.
What “locks” you into an app (or a dapp) is the user experience. It’s the community. It’s not the technology.
We should be able to move our assets however we want, whenever we want (within a few legal boundaries, of course, but I don’t think switching from Microsoft to Apple is one of those).
One day, and probably sooner than we think, we will.
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