Tag: crypto

Predictions ’23: Crypto, Tesla, IPOs, and Trump Takes a Bow

My first two long form prediction posts focused on big topics – artificial intelligence and digital advertising. This one, my last, will focus on a grab bag of market-related topics that have dominated the headlines at one time or another over the past few years.

Let’s start with crypto. It’s hard to fathom how poorly the crypto market has had it these past twelve months, unless, like me, you were a participant in the Great Crypto Winter of 2018. During that downturn, crypto dropped as much as 90 percent – which means there’s plenty of “down” left in today’s already decimated markets. But what I find most interesting about crypto is how much of it is dominated by a day-trader’s sensibility. How much money did we make today? This week? This year? That thesis of crypto – that it’s all about money – was never what drove my interest in the space. Yes, I bought crypto, and yes on paper I made money – and lost more! But the point was always crypto’s thesis of decentralization, of new approaches to governance, and in particular – for me – new ways of architecting data flows in society.  Those ideas have been gaining traction all year long, and I don’t see them losing steam in 2023.

Then again, the price of ETH and BTC have become leading indicators of the sector’s overall health, and it’s disingenuous to pretend they don’t matter as it relates to whether more substantive investments are made in projects that truly unlock crypto’s potential. A down market may be the best time to invest, but down markets usually mean far less investment. And I don’t see crypto coming out of this down market over the next year. In fact, I predict that while there may be some significant swings one way or another, by the end of 2023, we’ll have essentially seen a push in the price of major crypto currencies. Is that a good thing?  I think it is  – the sector needs to find its floor, and start building from there once again. Everyone got well over their skis in ’21-’22 – and many lost their way entirely. It’s time to find our way back.

Read More
2 Comments on Predictions ’23: Crypto, Tesla, IPOs, and Trump Takes a Bow

SIGN UP FOR THE NEWSLETTER

Stay up to date on the latest from BattelleMedia.com

On Building A Better Web: The Marlinspike Threads

If you want to follow the debate about crypto’s impact on society, which I believe is one of the most important topics in tech today, you better sharpen your Twitter skills – most of the interesting thinking is happening across Twitter’s decidedly chaotic platform. I’ve been using the service for nearly 15 years, and I still find it difficult to bring to heel. When following a complex topic, I find myself back where I started – in a draft blog post, trying to pull it all together.

That’s where I’ve been this past weekend as I watched the response to a thoughtful post from Signal founder Moxie Marlinspike.  (And yes, the fact that the Twitter conversation was driven by a blog post is not lost on me…)

Read More
Leave a comment on On Building A Better Web: The Marlinspike Threads

A Draft Syllabus For The Rabbit Hole

(image) The most common complaint I hear from friends and colleagues who are interested in the crypto/web3 world is how hard it is to “get smart” on the topic – for a neophyte, there’s just so much noise and precious little signal. Sure, you might dive headfirst into crypto Twitter – but the experience is both jarring and unproductive (ditto that for crypto-related Discord servers).

I’ve been exploring crypto for enough time to have developed a point of view on a handful of people and resources I trust to help me make sense of what is an increasingly fractious and confusing space. Below is a first draft of what I hope will evolve into a more polished “syllabus” of sorts for smart folks interested in getting smarter. This is purposefully not complete – the list could have been much, much longer. Please comment, email, or hit me up on Twitter with additional suggestions, and I’ll incorporate them as I can. And one caveat: I’m reading in this space with an eye toward crypto’s impact on tech, society, and governance. This list is *not* created with an eye toward investing in either currencies or NFTs. There’d be an entirely different set of resources for that task!

Read More
1 Comment on A Draft Syllabus For The Rabbit Hole

Let’s Argue About Web3!

Popcorn in  hand, I’ve been watching the recent religious war between tech leaders, and I find it all quite…wonderful. It’s been a while since we’ve had this level of disagreement about the future of what we used to call “our industry,” and as long as the debate remains relatively civil, I’m here for it. Then again, we’ve already seen trolling (Elon Musk), blocking (Marc Andreessen), and shitposting (Jack Dorsey) from some of the biggest names in tech. But hey, at least the arguments are getting aired out.

So what are we arguing about? In short, the future. Nothing is more sacred in the world of tech – the industry has defined and owned the future’s brand for as long as I can remember. Arguing about how that future might play out used to be a full time gig for many of us. It was at the center of our editorial mission at Wired – to paraphrase founding editor Louis Rossetto, our job was “to make a magazine that felt like it was mailed back from the future.” But around a decade ago, arguments about the future subsided – what was the point, given that future had consolidated into a handful of technology titans like Facebook, Tesla, Apple, Google, Netflix and Amazon? Whatever gifts or perils the future might bring, one thing was certain: The tech giants owned it. Where’s the fun in that?

This turn of events was profoundly dispiriting for some, particularly those of us who had taken the red pill at the dawn of the commercial internet. Sure, I moderated a conference on Web2, and I wrote a book on search and Google, so watching Web2 businesses grow into the most successful firms in the history of business was … cool, for a while. But by 2012 or so, I had lost the optimism and excitement I once had for the industry. It felt like our dreams for a better world had been hijacked by centralized models of capital, and the future had become predictable again. Boring.

Read More
1 Comment on Let’s Argue About Web3!

Predictions 2022 – Crypto, Climate, Big Tech, Streaming, Offices, Tik Tok…and (ugh) Trump

Welcome to year nineteen of these annual predictions, which means….holy cow, twenty years of writing at this site. Searchblog has been neglected of late, running a media startup during a pandemic will do that to thoughtful writing. I hope to change that in 2022, starting with this bout of chin stroking. If you’re an old timer here, you know I don’t really prepare to write this post. Instead I sit down, summon the muse of flow, and let it rip in one go. Let’s get to it.

  1. Crypto blows up. 2022 will be a chaotic year for crypto – both the decentralized finance and social token/NFT/gaming portions of the industry, which will grow massively but be beset by fraud, grift, and regulatory uncertainty, as well as an explosion of new apps based on scaleable blockchains such as Solana and Avalanche. Most of these apps will fade (much as early dot com stocks did), but the overall space will be markedly larger as a result. And while 2021 was the year most of the world learned about crypto, 2022 will be the year crypto dominates the tech narrative. I’m holding off on calling a crash – ’22 feels a bit more like ’98 or ’99 than the year 2000, which is when “web1” topped out. But that first top is coming, and when it crests, look the f*ck out. Crypto is a far more integrated into the global economy than we might suspect. In fact, I’ll toss in a corollary to this first prediction: In 2022, a major story will break that exposes a major state actor has been manipulating the crypto markets in a bid to destroy US financial markets.
  2. Oculus will be a breakout hit, but it’ll  immediately be consumed in the same controversies besetting the rest of Facebook’s platforms. The company throws money and lobbyists at the problem, including enough advertising budget to mute mainstream press outrage.  Apple will try to capitalize on all of this FUD as it introduces its own VR play. Regardless, the Oculus division becomes a meaningful portion of Meta’s top line, which starts the change the narrative around Facebook’s surveillance capitalism business model.
  3. Twitter changes the game. I have no particular insight into new CEO Parag Agrawal, but the company has had a long suffering relationship with its true value in the world, and I think the table is set for an acceleration of its product in ways that will surprise and even delight its most ardent fans (I count myself somewhat reluctantly among them). How might this happen? First, look for a major announcement around how the company works with developers. Next, deeper support and integration of all things crypto, in particular crypto wallets like MetaMask. And last (and related), a play in portable identity, where your Twitter ID brings value across other apps and environments.
  4. Climate has its worst – and best – year ever. Worst because while 2021 was simply awful (I mean, the year ends with a winter draught, then a historic fire in… Boulder?) things can always get worse, and they will. Best, because finally, the political will to do something about it will rise, thanks mainly to the voice of young people around the world, and in particular in the United States.
  5. The return of the office. Yes, I know, everything’s changed because of the pandemic. But truth is, we work best when we work together, and by year’s end, the “new normal” will be the old normal – most of us will go back to going into work. A healthy new percentage of workers will remain remote, but look for trend stories in the Post and Times about how that portion of the workforce is feeling left out and anxious about missing out on key opportunities, connections, and promotions. One caveat to this prediction is the emergence of some awful new variant that sends us all back into our caves, but I refuse to consider such horrors. I REFUSE.
  6. Divisions in the US reaching a boiling point. I hate even writing these words, but with the midterms in 2022 and a ’24 campaign spinning up, Trump will return to the national stage. He’ll offer a north star for Big Lie-driven tribalism, a terrifying rise in domestic terrorism and hate crimes, all fueled by torrents of racial and economic anger. I really, really hope I’m wrong here. But this feels inevitable to me.
  7. Big Tech bulks up. Despite a doubling down in anti-trust saber rattling from the EU and the Biden administration, Big Tech companies must grow, and they’ll look toward orthogonal markets to do it. Meta and Apple will buy gaming companies, Amazon will buy enterprise software companies, and Google will buy a content library. Google’s always been a bit confused about what its entertainment strategy should be. YouTube is so damn big, and its search business so bulletproof, the company hasn’t really had to play the game the way Meta, Amazon, and Apple have. That likely changes in 22.
  8. The streaming market takes a pause. The advertising business has yet to catch up with consumer behavior in the streaming television market, and as I’ve written elsewhere, the consumer experience is fracking awful. In 2022, those chickens will come home to roost. There’s only so much attention in the world, and with more than $100 billon to invest in content in 2022, something’s gotta give. Plus, if we get through Omicron and back out into the world, consumers might just find themselves doing something besides binging forgettable, algorithmically manufactured programming. I’m not predicting that streaming crashes, but just that the market will have a year of consolidation and, I hope, improvements in its consumer experience and advertising technology stack.
  9. Tik Tok will fall out of favor in the US. Everyone is predicting that 2022 will be The Year Of Tik Tok, but I think they’re wrong in one big way: This won’t be a positive story. First off, the public will wake to the possibility that Tik Tok is, at its core, a massive Chinese PsyOp. Think I’m crazy? I certainly hope so! But you don’t have to wear a tin foil hat to be concerned about the fact that the world’s most powerful social algorithm is driven by a company with a member of the Chinese Communist Party on its board. And second, US-based competitors are already learning, fast, what makes Tik Tok tick. YouTube, Insta, Snap and others will take share all year long.
  10. Trump’s social media company delivers exactly nothing.  Hey, I needed one sandbag in the mix – and this one comes with a heaping side of schadenfreude. The company will become mired in legal fights, and Trump, having grifted a billion or so from favor-currying investors, will move on to ever more ruinous pursuits.

Well, that’s ten, and I wanted to keep this year’s version under a thousand words. Have a wonderful New Year’s, dear readers. I hope I see you out there in the real world, and soon.

Read More
7 Comments on Predictions 2022 – Crypto, Climate, Big Tech, Streaming, Offices, Tik Tok…and (ugh) Trump

Predictions 2021: How’d I Do? Pretty Damn Well.

As has been my practice for nearly two decades, I penned a post full of prognostications at the end of last year.  As 2021 subsequently rolled by, I stashed away news items that might prove (or disprove) those predictions – knowing that this week, I’d take a look at how I did. How’d things turn out? Let’s roll the tape…

My first prediction: Disinformation becomes the most important story of the year. At the time I wrote those words, Trump’s Big Lie was only two months old, and January 6th was just another day on the calendar.  A year later, that Big Lie has spawned countless others, culminating in one of the most damaging shifts in our nation’s politics since the Civil War. The Republican party is now fully captured by bullshit, and countless numbers of local, state, and national politicians are busy undermining democracy thanks to the Big Lie’s power.  A significant percentage of the US population has become unmoored from truth – and an equally significant group of us have simply thrown our hands up about it. Trust is at an all time low. This Barton Gellman piece in The Atlantic served as a wake up call late in the year – and its conclusions are terrifying: “We face a serious risk that American democracy as we know it will come to an end in 2024,” Gellman quotes an observer stating. “But urgent action is not happening.” I’m not happy about getting this one right, but as far as I’m concerned, this is still the most important story of the year – and the most terrifying.

Read More
3 Comments on Predictions 2021: How’d I Do? Pretty Damn Well.

Do We Want A Society Built On The Architecture of Dumb Terminals?

God, “innovation.” First banalized by undereducated entrepreneurs in the oughts, then ground to pablum by corporate grammarians over the past decade, “innovation” – at least when applied to business – deserves an unheralded etymological death.

But.

Read More
10 Comments on Do We Want A Society Built On The Architecture of Dumb Terminals?