CAN THE INTERNET bring us towards true connection? How do we get there? Listen to find out.
DK’s Dipika Kohli and Mae Rosukhon, a Sydney- and Bangkok-based member of our inner circle of S P A C E, are talking together about ‘the internet.’ Quality of life, health and relationships that are built on trust: these are the things. ‘It’s social isolation that really gets people down, especially in the later years of life,’ says Rosukhon, who has a background in government and health. Are the stream of constant notifications getting in our way of building real trust?
‘In this contemporary world and searching for the new, new experiences, new contacts… there’s an upside and a downside, right? [But] the trust between your friends, it’s that solid foundation that will always take you through and that’s got strong substance underneath.’ –Mae Rosukhon.
Read about Mae’s recent thoughts on life, meaning, and connection at this intriguing article she wrote, by hand, about death.
This Q&A was originally published in DK’s weekly eZine, S. P. A. C. E.
RECENTLY ON TWITTER I ASKED about options for transferring funds online. That’s how I got introduced to cryptofinance expert Raffaele Mauro.
In an email Q&A, he helped me understand how Bitcoin stacks up.
Here is how our conversation went:
‘SMALL AND GEEKY.’ Learning about Bitcoin from cryptofinance expert Raffaele Mauro (@Rafr). Here is a Q&A, in which he helped us understand in simple terms why Bitcoin is misunderstood, and the vastness of its potential.
AS: What is the ONE thing you wish everyone could grok about Bitcoin, something that most people simply don’t see/know right now?
RM: The most important thing that most people don’t see is that Bitcoin is not just another form of money or digital currency. Potentially, it is the ‘economic layer of the internet,’ a new protocol with huge potential impact like SMTP was for email/messaging. Beyond that, the blockchain, the technology behind Bitcoin, opened a gigantic space of exploration for a new wave of decentralized applications.
AS: What hurdle is keeping us laymen from grasping the potential of Bitcoin?
RM: Four reasons: 1) Bitcoin is not the most convenient solution for most day to day, traditional transactions in developed countries; 2) The design of most Bitcoin applications is poor and not user friendly, complex operations are accessible only to techies; 3) Cool applications and platforms are still in their embryonic form and there are no standards; 4) The Bitcoin community is still small and geeky.
AS: I’ve been reading about blocks. What would you say is the drive for Bitcoin miners to do the work they’re doing? Will they stand to make a ton of Bitcoin? Curious what’s the incentive for people who are doing the work to lay the infrastructure for this. And is it big enough, I wonder, to build something truly interesting?
RM: Yes, today miners and mining farms are mostly motivated by the economic incentive. There is still a small number of miners who are motivated by the intellectual excitement (understanding software & hardware challenges) but generally speaking, small scale mining is not sustainable. On the other hand, there is an entire space of developers and contributors to the community where the intellectual challenge could be the main motivator with potential economic gains as a side effect (generating skills useful for Bitcoin companies).
AS: This next one is really open-ended. If you could change anything at all (sky’s the limit here) about the way people buy and sell and trade in any currency, what would that one thing be? Why?
RM: Currency operations should be like email: fast, easy and accessible to anyone.
AS: Sounds idyllic. Any drawbacks?
RM: Bitcoin has several drawbacks
Rigid monetary supply (on the same time a benefit and a drawback) and therefore high volatility