Thinks 480

TIME magazine on Vitalik Buterin. “Nine years ago, Buterin dreamed up Ethereum as a way to leverage the blockchain technology underlying Bitcoin for all sorts of uses beyond currency. Since then, it has emerged as the bedrock layer of what advocates say will be a new, open-source, decentralized internet. Ether, the platform’s native currency, has become the second biggest cryptocurrency behind Bitcoin, powering a trillion-dollar ecosystem that rivals Visa in terms of the money it moves. Ethereum has brought thousands of unbanked people around the world into financial systems, allowed capital to flow unencumbered across borders, and provided the infrastructure for entrepreneurs to build all sorts of new products, from payment systems to prediction markets, digital swap meets to medical-research hubs.”

WSJ: ““Simulation participants kept telling me, in their own ways, that pre-feeling the future helped them pre-process the anxiety, the overwhelming uncertainty, and the sense of helplessness, so they could move faster to adapt and act resiliently when the future actually arrived,” Ms. Jane McGonigal writes in her new book, “Imaginable.”…. At a time when news stories regularly use the words “unimaginable” or “unthinkable” to describe our moment, she hopes her book’s “futures-thinking tools” will help readers feel less blindsided by what might be coming next…For the past 15 years, Ms. McGonigal has been inventing games that teach futures-thinking skills and collect insights into how people may respond to various scenarios. Armed with data on how players handled quarantining in the Superstruct game, for example, she cautioned religious leaders and party planners to shift to virtual gatherings as early as February 2020. But while Ms. McGonigal is glad her games have yielded some actionable intelligence on human behavior, her real goal is to “give individual participants a transformative experience,” she explains. “To me the result of a simulation is in the change in mind-set and readiness of players, the actions people start taking today.””

Lionel Shriver: “Inflation is a tax. Money for the government. A tax that people don’t see as a tax. That’s the best kind, for politicians.” [via CafeHayek]

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Rajesh Jain

An Entrepreneur based in Mumbai, India.