📸"A decade later, Instagram has rewired society. It has changed how we look, what we eat, our relationships, how we vote, where we go on holiday and what we spend our money on."
The solution we need starts with identification of the actual problem, not a political soundbite. If data collection and use pose a threat to our national security, the problem is not solved (or even impacted) by banning TikTok or WeChat.
My Sunday essay suggests a thought experiment that puts you in Jack Dorsey's shoes and helps you create the Twitterverse you want to live in. https://lnkd.in/eAXB2CG #twitter #socialmedia #regulation #politics #censorship #fcc #ftc …see more
once large financial intermediaries will be forced to take sides, leading entire financial stacks & ecosystems to sway one way or another, the truth about the future global financial infrastructure will be revealed.
*not all deposits are created equal* this statement applies to traditional banking, digital banking and crypto/defi banking equally. the lessons learned & how they are applied to attract the right deposits based on strategic goals are drastically different though. #fintech #banking #cryptocurrency #financialservices …see more
hypothesis: pure defi apps will be used by a very few while defi concepts & tech will permeate financial services at large and be used by all users and consumers. #blockchain #financialservices #ethereum #defi #innovation #banking #banks #bitcoin #tokens #cryptoassets #cryptocurrencies
“If you’re a clown, you’re used to falling down and picking yourself up.” As the pandemic rages, clowns try to put on a happy face.
"If you followed your passion and it resulted in a great job, consider yourself lucky. Sometimes they both come together. But it’s not a path available to everyone. So Labor Day, let’s honor work and those who do it." Mollie Lombardi
"The number one determinant of entrepreneurial success is persistence. If you are not prepared to go to superhuman levels that are beyond rationality to realize your dream, then your chance of finding success is virtually zero." Chris Barton https://lnkd.in/gWrYXmn #founders #startup #entrepreneurship …see more
in as much as there is a theory of incomplete contracts (contracts are incomplete) there should be a theory of incomplete regulation. specifically for fin.services regulation. everyone prefers a system under which there is discretion. big or small, new or old, every firm likes to live under a system which is not 100% prescriptive. psychologically, it confirms any bias one may have and gives comfort as to one’s rights. a fin.reg system where there is discretion allows for creative defense when cornered by a regulator, or creative offense when testing the limits of a regulation. even the fin. regulator prefers discretion. they want to avoid being cornered in a definitive way. they want the optionality and ability to say yes/no. the only time when an incumbent or startup clamors for more reg. certainty is when the marginal cost of discretion is higher than the potential roi of an initiative. this happens when one is trying to pivot or has grown out of a stage of dev. even then, all rely on implicit & informal ties built with regulators under a discretionary system. that opaqueness invariably leads to suspicion of reg. capture. simple clear rules would be so much better but run against human psychology. #regulation #financialservices #banking …see more
"On 3rd January 2016, I said goodbye to my young children, not knowing if I’d see them again." How a Brain Haemorrhage Gave This Serial Entrepreneur Her Next Business Idea... Jo Tutchener Sharp of SCAMP AND DUDE LIMITED https://lnkd.in/gP2fvku #femalefounders #retail #founder #entrepreneur …see more
Rather than spend millions of dollars trying to literally redefine a word, perhaps Overstock.com should consider a new name instead? #brand #branding #naming #overstock #advertising
argument is: lower rates squeeze bank NIM & long term slowly erodes bank model in long run. recent analysis as per this article: no evidence that is the case in the face of low/negative rates in EU. there is also another argument: Lowe/negative rates distorts risk taking, risk, investments, and zombifies the economy. a quantitative analysis of bank lending yields a very limited picture. …see more
what are the odds the Bank for International Settlements – BIS will excommunicate the whole lot of them? #blockchain #cbdc #digitalmoney
Some say we haven’t been here before… but we have. Col. John Fenzel worked in the White House (during previous administrations) on strategic forecasting and scenario planning that is eerily prescient. So... why does all of this seem so new? New episode of Think About This out now. …see more
what to make of c-banks taking on more responsibilities, over and above their core monetary remit, and for some their regulatory remit. is there a danger for “free markets”. c-banks are already doing such a stellar job...
bank failures are a good thing. incidentally, no tech in the world will abolish bank failures - the complexity of human behaviors you know. take the chimera of a perfect bank powered by machine learning and all the fixin’s. hogwash! back to the article, this does make one worry. #regtech #banking #regulation #banks #fintech …see more
All other things being equal, there is a significant difference between being literate and being fluent. Here's what you need to know.
These AI musicians demand virtual brown M&Ms. On the latest episode of Think About This with Shelly Palmer & Ross Martin, we're talking about the Grammys and how AI-models are starting to impact the music we hear. https://lnkd.in/eP8ar6v
496th 1Mby1M #Entrepreneurship #Podcast With @Juliannezim Zimmerman @ReinventureCap #1mby1mentrepreneurshippodcast