December Snippets, quotes and annotated blurbs

You create the future by thanking the past. – ?

If you are planning for one year, grow rice. If you’re planning for 20 years, grow trees. If you’re planning for centuries, grow people. – Chinese proverb

The task is not so much to see what no one has seen, but to think what nobody has yet thought, about that which everybody sees – Schrödinger

Sometimes it is the people no one imagines anything of who do the things that no one can imagine. – Joan Clarke in The Imitation Game

Summum ius summa inuria. (The more laws, the less justice.) – Marcus Tullius Cicero

Time is the scarcest resource and unless it is managed nothing else can be managed. – Peter F Drucker

The key insight of the most successful CEO’s: A laser like focus on, and an ability to make bold decisions about resource allocation. — The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success, William N. Thorndike

Programmers cannot write code to accomplish something they do not understand. – Martin Armstrong

Ben Bernanke “In order to do anything, I think I would not only have to know everything in advance, everyone would have to know I knew everything in advance.” Unbelievably ignorant. As any first grade science student knows, the economy is a complex adaptive system. You can’t know everything about it and even if you did, by definition, you can’t predict the emergent properties. “The only thing one can forecast intelligently is that the fragile will break.” ~ Taleb

“We can not solve our problems with the same level of thinking that created them” – Einstein
[So in order to solve global “problems” like famine and injustice, we must have a method that produces emergence.]

End-user computing Many teenagers spend a huge amount of time on Facebook. How about a way for teens to build their own Facebook apps, where the program lets you traverse your social graph with just a few lines of code? Just as spreadsheets offer SUM(), a social programming tool could give you functions like my_friends() and my_photos().

Consider abstracting things even more. We all want, and offer, stuff. A “request” is the basic building block for interaction. We should be able to manipulate requests so that they make a personalized, collaborative-able story that is interesting to us. “my_friends()” is a node. If we connect to my_photos() the same way nature manages connections, and there are many nodes and connections, we have a global brain.

Let Uber Operate With Less Regulation And Riders Can Make Their Own Choice
Reputation is replacing regulation. Regulation is faulty (essentially a tax that creates monopolies) because regulators don’t have skin in the game, AND minuscule consequences for poor decisions. But to fully bloom, reputation needs individual insurance and a local peer 2 peer conflict resolution system that can make decisions in a weeks, not years. Soon reputation won’t just be “5 stars”. It will include the premium for a class of insurance paid by a specific service provider. Also, a higher insurance coverage can denote responsibility — when claims are peer 2 peer. That levels the playing field between a company with deep pockets and average people.

The Next Phase in Financial Services: What Low-income Americans Tell Us What we all want is a safe and easy way to add value and be paid for it. “…They jerry rig their own social safety nets.” So actually, its hard to start a business due to bureaucracy. And the transaction mediums are all fiat currencies so have the hidden tax of monetary inflation, and tax of political mismanagement. The ideal currency is shares in entities that consistently add value and can offer dividends — which can reduce income volatility. The float is managed by supply and demand.

We want the whole system though. Current conflict resolution is cruel joke. It should be peer 2 peer with “judges” that are actually accountable. Judges should be expert in the topic, and close cases in weeks, not years. In fact everything should be peer 2 peer. A cashier does not need a terminal, just log into their job on their mobile device and ring people up.

This system is not disruptive — its how nature works. What’s disruptive is letting go of the top down centralized control model that scales poorly and keeps billions living on $2.50/day.

“But what about all the laws?”

Hi, “Law” does not scale well. Contracts do. Of course insurance is not yet peer 2 peer — its a very lucrative business, especially when gov’s pass a billion “laws” that sort of make the whole industry a hard to get into monopoly. That unnecessarily increases the cost for everyone else. Competitive pressures are focusing on this area because its become a huge arbitrage opportunity. Instead of hiding behind “laws” these companies could meet the challenge of competition and innovate their way to profit.

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