Thinks 350

Benedict Macon-Cooney on Web 3.0: “Decentralizing the internet will provide new opportunities for innovation and progress…Part of the appeal of Web 3.0 is its attempt to create new forms of incentivized participation, whether in gaming, publishing platforms, decentralized finance or scientific discovery in the white spaces of knowledge. But the difficulty is in making these promising things happen. With innovative scientists all too often struggling to secure mainstream funding, distributed social structures offer a new way to fund pioneering research agendas, in biotech or space for example, in which progress has sometimes been slowed by sclerotic structures or prevailing political winds.”

ET: “Economists are tracking proxy economic indicators such as footwear sales, city billboard usage, product and services advertisements, travel-related searches, fish, meat and poultry purchases, and demand for smartphones to gauge the strength of the post-pandemic recovery. A string of high-frequency alternative indicators, along with government-issued data sets such as goods and services tax (GST) collection, foreign trade, e-way bills and Purchasing Managers’ Index (PMI), have shown the economy has gathered pace. But gauging the true extent of recovery is proving difficult, given the distortion caused by the extreme base effect of Covid-hit FY21. The proxy indicators are helping reduce the noise.”

Epictetus: “It is impossible for a man to learn what he thinks he already knows.” [via Shane Parish, who adds: “Humility is the anecdote to arrogance. Humility is a recognition that we don’t know, that we were wrong, that we’re not better than anyone else … Humility won’t let you take credit for luck. And humility is the voice in your mind that doesn’t let small victories seem larger than they are. Humility is the voice inside your head that says, ‘anyone can do it once, that’s luck. Can you do it consistently?’ More than knowing yourself, humility is accepting yourself.”

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.