397 karma · joined August 28, 2007
https://www.telstra.com.au/broadband/mobile-broadband/nighth...
Usually the knee-jerk easy response to automation is universal basic income. And while I wish/want us to all have a UBI; those in the developing world will definitely be the last groups on the planet to receive one.
The future vision of the blockchain is the complete dismantling of all hierarchies and total autonomy at the individual level. So governments, organizations, VC, companies, jobs etc are replaced with DAOs and blockchain-based co-ops capable of the same or greater complexity and value-add without the hierarchy.
The big issue I'm facing, and I think the whole ecosystem is facing, is how do you transition the global economy to that future? It needs to be incremental but rapid, familiar but new, to exploit existing human incentives and status quo's while hiding all the unfamiliar crypto jargon behind the scenes such that anyone can immediately and intuitively adopt the new economic protocol.
Were the investors hoping for a Google acquisition?
In Australia I'm struggling to raise $50k for a global product with a clear monetisation and cashflow strategy.
The WWW/browser equivalent layer: https://www.youtube.com/watch?v=IgNjs_WaFSc
Done. *at least as an awesome starting point. The easier it is for developers to build on the platform and the more network benefits/incentives that arise, the more high utility Dapps will be deployed, the more likely Chrome/Firefox/IE will integrate seamless DNS/pointers to the Ethereum platform. The web will become decentralized by default and the average user won't even notice.
And I mean "platform" in the sense here of a distributed blockchain or lower-stack layer, not some corporate-owned data silo built on proprietary API endpoints and protocols.
Everyone is walking around with a microphone and camera in their pockets. Recording video of people is still too visibly creepy (until we have cameras hidden in RayBan-style sunnies), but recording audio from your pocket is something you can do without causing a shitstorm around you (*yes, legally you should tell people you're recording them).
So we launched a startup a few years ago called Lifebox: http://lifeboxapp.com, but even now it's still too ahead of its time. Obtaining funding was impossible. Once we move past this era of privacy concerns into a sousveillance culture, it's inevitable that everyone will want to record and stream their lives 24/7.
Once we're able to nail recommendation algorithms such that near-100% of all suggested content is perfect and desired by that user, game over. Just show them a stream of content. Don't let them pick and choose or require scrolling. Would be like turning on the TV and just getting constant dopamine triggers with no downtime. Videos, photos, text, whatever, perfectly tuned to your desires in that moment.
Internet drugs.
The global insurance industry replaced with autonomous smart contracts able to provide 10x value, at 10x cheaper cost than any current provider. Escrow services instantly replaced in the same fashion. Global marketplaces more nimble, efficient and cheaper than Uber, Airbnb, eBay and KickStarter (to the point where they will be forced to decentralize themselves to remain competitive). Distributed, autonomous hosting, DNS and CDN services that vastly outperform giants like AWS, ICANN and Cloudflare.
And that's just the low hanging fruit.
It will be many years before it reaches critical mass and invisibly seeps into mainstream ubiquity. But just as Bitcoin and the Internet cannot be shutdown, the Ethereum Genesis block will be an irreversible Singularity.
This guy is giving the method a shot: http://www.basicincome.co/
If the "boring" functions of big tech companies can be automated, at some point it makes sense to just spin that out into a Decentralized Autonomous Organization (DAO) aka smart contract/s on a platform like Ethereum. The company still receives the tiny transaction fee from that running contract, but they don't need any employees/infrastructure/costs so overall revenue wouldn't be affected from the change.
Consumer-facing nothing will have changed. Same apps, same beautiful interfaces. But 99% of the backend business operations will be performed by distributed, decentralized algorithms running on a blockchain.
Particularly as the sharing economy unicorns scale (Uber, Airbnb etc) they are essentially becoming the single interface and algorithm to entire industries. Uber will become the single monopolized UI to the entirety of all transport (people/food/parcels) with some other minor competitors.
But Uber can very easily be decentralized. And actually the bigger they get, the easier it will be to decentralize them as a third party (because the trained workforce and behaviour is established, and will gravitate on economics... lower prices, higher wages). And so hopefully the costs, competition, monopoly legal issues and scaling pressures (at 1B+ users) will encourage Uber itself to decentralize and run their entire operations transparently on a blockchain.
Maybe in some other capacity Google/Facebook/Apple/Microsoft/Amazon will follow suit. Though personally I'm looking forward to a world where sharing 24/7 video and audio feeds to the cloud for processing is seen as normal. Collecting all human input/output data is the first step in my opinion toward building a super AI around humanity. Google and Facebook's centralized nature is capturing the most data at the moment, so they're best positioned.
/2c
This. Google and other companies at its scale don't need to worry too much about focus. They can just use the excessive amount of revenues made via software to throw resources at solving global problems and turning scifi into reality.
The basic, not fully thought out idea, was that if you automated your own job you got the full bonus. If you automate another person's job, you both split the bonus 50/50.
I think with most jobs, automation would definitely involve programming and tech skills. But there would be a lot of non-tech tasks as well, such as thoroughly understanding their workflow and processes and identifying more efficient practices.
"Automation" can also be a combination of computer and human outsourcing too.
In the small web dev company I was working for (launching internal startups), the "creative process" of designing website mockups was incredibly time consuming. I suggested we collect all of the customer requirements and collateral, and automatically outsource the mockups via API to something like MobileWorks/Freelancer/Elance/99Designs/DesignCrowd etc
The founders, directors and investors could still own 51% of the company.
Heck, if they wanted they could offer only the bonus payout incentive structure with no equity or revenue share. In essence that would still encourage employees to automate the company. Employees work themselves out of a job, and the owners reap all of the automated revenues.
Or you could not be a dick.
But there must be a particular type of company, at a particular scale, with a particular ethos out there that would be up for giving an automation initiative a shot.
If it worked, it would make for an impressive news story which could spark others to follow suit.
Imagine an economy where everyone's job was to automate their job...
The original thought was that if you fully automate your own job you get your salary as a bonus. But if you fully automate someone else's job, you both split their salary 50/50 as a bonus.
Now both of you are free to work on automating other jobs in the org. So you'd end up with various teams working together to automate jobs in the org.
As a byproduct, it would also free up a lot of human capital in an organisation to focus on pure R&D and intrapreneurship.