Reading Recap #3: Governance systems beyond democracy

Anybody who has thought about democracy even one level deep knows that a decision taken by the majority vote isn’t always a good decision. For issues of importance, such as Britain’s participation in EU or global warming, most people do not have the necessary background knowledge or motivation to cast an informed vote.

Any scientist can tell you that just because you had snow in your area, it doesn’t mean global warming is false. Most people care only about immediate and local issues, and good policies usually require second or third order analysis that’s hard to do and even harder to explain.  ...  Read the entire post →

Reading Recap #2: Basics of Ethereum and mental models for blockchain

After my first weekly reading recap on basics of bitcoin and blockchain, I couldn’t post a recap last week as I was away attending my weekly class of Stanford’s Seed program in India for growth stage entrepreneurs.

My favorite part of the week was the design thinking class where various teams (of 4-5 people) had to interview people, discover a problem, brainstorm, prototype and test potential solutions — all within one day. The team I was part of went to autorickshaw stands and had detailed conversations with drivers about their lives, hopes, regrets, likes and dislikes. My biggest learning (and shock) was about their idle time: auto drivers don’t do anything for 90%-95% of their workday and so are unable to meet their ends meet (earning only Rs 200-600/USD 4-10 per day). We discovered lots of economic inefficiencies that are waiting to be fixed by an entrepreneur. I recommend you see my entire Twitter thread with detailed data and observations. ...  Read the entire post →

Reading Recap #1: Basics of bitcoin and blockchain

From this post onwards, I’m starting a weekly recap of insightful articles and videos that I come across. This recap serves two purposes: a) curate and filter only the most insightful articles for readers of this blog; b) improve my mental models by reflecting on what I read recently. I intend to do this recap every week, so if you’re interested in reading along with me, subscribe to the mailing list.

The inaugural weekly recap (this one!) is mostly going to be about blockchains and bitcoins. What I find fascinating about the cryptocurrency mania is that perhaps the biggest current phenomenon that’s begging to be analyzed. Previously I covered how fidget spinners became all rage, how Facebook beat Friendster and how Singapore rose into dominance. All those were historical phenomena but bitcoins is what’s happening right now.  ...  Read the entire post →