2018년 3월 31일 토요일

Why People Like Podcasts

Last night I was listening to a great new episode of The Wolf Den, my favorite podcast about podcasting, with guest Sarah Mosel.

For those of you unfamiliar with the podcast industry, Sarah is one of the heavy hitters in the sector. After ascending to a VP position in New York Public Radio (basically *the* beating heart for all of public radio and the birthplace of nearly every big talk-driven media name you know) she made waves by joining the C-suite at Acast for a short stint before ending up at Market Engenuity as their Chief Podcasts Sales & Strategy officer.

You should check out this episode for a great look into the incredibly innovative and fast changing world of podcast ad sales. Podcast ads are ads that hosts (mostly) read themselves because they believe that what they are pitching is good and listeners actually (mostly) enjoy listening to - I cannot overstate how important the popularity of podcast ads has been to the growth and development of this new on-demand, decentralized media.

Anyways, I just wanted to share a little nugget that co-host and EVP of sales and development for podcast advertising at Midroll Lex Friedman dropped around the 17:39 mark:

"I think that people are jumping into podcasting...for three reasons: 1) for the on-demandness, 2) the actual quality of their content, and 3) the fact that it doesn't sound like radio, and the ads don't sound like radio ads."

It's hard to argue with that.

Podcasts are a digitally-native medium of communication. They are fundamentally differentiated from the centrally owned, operated and broadcast media that came before it. We are just at the beginning of figuring out what is possible with podcasting. And it is pretty damn exciting to watch, er, listen to.

2018년 3월 30일 금요일

Chase What "Adults" Hate

I'm half hungover here, so I'll keep this brief.

Whenever you come across something - anything really, from a concept, to an individual person, or product - that elicits immediate reactions in others (who more often than not happen to be adults), pursue the hell out of it.

Why?

Because there is usually somerthing around there that, if extracted and processed right, could be super valuable.

A value that I have written about before [here] that is so new no one really knows how important it is yet, is that we will eventually be paying for everything - including paying to be paid.

Adults hate that idea. They feel dirty paying for things that aren't inanimate objects.

But paying for something - or specifically appearing to be open to paying (i.e. bountying) - works so damn well in drawing eye as as well as earballs.

Cent is at the forefront of extracting this hitherto unmined value. And let me tell you, this vein runs *deep* af.

2018년 3월 29일 목요일

Dream Fast, Write Slowly

Make haste slowly

There is something just so perfectly zen about this saying. It's derived from the Latinate motto 'festina lente' which in turn came from a Greek saying.

This saying literally carries wisdom through the ages, not too fast and not too slowly.

It also pretty much encapsulates this blog, and more specifically my writings and musings on the future of the internet, beta.cent.co.

Since first reading about Cent back in early November, my day dreams and fantasies about the site have always raced ahead of my writings, whose frequency have never really broken more than a brisk stroll.

The imaginative energy and stimulation from my fantastic thoughts have provided the perfect amount of inspiration and clarity to write simple, deep and thoughtful pieces.

I have achieved the ultimate equilibrium whereby I have managed to balance the fantastical with the repetitively subdued resulting in a constantly replenishing pool of daily creativity.

Now it's time to work towards those dreams, and get paid.

Not too fast, but not too slowly. That's how I'll keep on keeping on.

2018년 3월 28일 수요일

Bounty Basics Part 2 - Just Cent It

*This is the fourth post in a series of how-to guides introducing and explaining some of the foundational features and functions of beta.cent.co*

What should I Cent?

Anything. Yep, anything you can think of.

If you've ever posted anything on one of those old, stale, staid social networks and gotten no love back or are craving something more than lazy 'likes', hollow 'hearts', or condescending claps, try Centing those thoughts next time - it'll change everything.

After you click on the '+' symbol in the top-right corner of beta.cent.co, jot your thought down in the title space and color in a bit of context in the description space so that Centians can know if you are looking for a conversation, a specific answer, action or something else and respond accordingly.

Since a bounty is attached to your Cent, many may understandably think they need to ask for something - which also happens to be an amazingly powerful use case for Centing - but that is not necessary.

You can say anything on Cent, and in return Centians give their two cents.

The power of the Cent network is the ability to activate unique insights and harness a staggering spread of sensibilities - the *Centience* of the network - that each Centian has to offer.

It may be a little too early to be so punny, if so I apologize.

So if you have a need or have anything to say - from crowd sourcing active responses, or figuring out what book you should read next, or what the best philosophical mode of living is, to getting your thesis or paper edited and reviewed, or simply want to crowd source ways to improve the Cent site that you are so passionate about - just Cent it.

Now go, stay Centient, and keep Centing.

2018년 3월 27일 화요일

Sometimes People are Liars

Today, over the course of a series of interactions with one particular individual, I re-learned one of those regrettable but inevitable life truths - some people are just liars.

But before getting into that particular string of interactions, I want to give some context.

For the past two days straight, from the moment I arrive at the office until the second before I dash out to catch the last company shuttle home, I have been in non-stop contact with 12 staff (including myself) that need to sign their new Employment Agreements so they can extend their employment with our company.

By now I have carried out contract extensions for over 50 separate individuals over the past two years, so contract extensions are a bit old hat for me now, but there is a distinct wrinkle in the re-contract work I am now tasked with.

After assuming my Corporate HR position just three weeks back, one of my expanded responsibilities is to handle contract extensions for all global staff with direct HQ contracts - from those working in the various corporate functions and product divisions at our Seoul Office to staff working on overseas projects.

Up until 3 weeks ago each corporate function and division had maintained their own GHR Manager or global HR manager to manage any global staff working for their respective function or division.

Luckily, only roughly 25% of the global staff I am now responsible for need to renew their contracts by Friday. Contract extensions for the remaining bunch are spread comfortably throughout the rest of the year.

Anyways, when I started working in this position I was told the terms and conditions for the global staff outside of the division I came from (since I had already handled and settled those T&C negotiations personally) were settled and agreed upon already.

It'll just be a rubber stamping exercise I was told. But, I was also told to wait for final Corporate HR approval before engaging these employees - in case any of their conditions were changed, which sometimes happens.

Well, the digital approval arrived in my inbox this past Friday evening as I was about to head out the door for the weekend - about 1.5 weeks later than originally expected - without a single change.

At least I had drafted up all the new Employment Agreements ahead of time based on the planned terms and conditions, so I immediately sent out draft copies to everyone before beginning my weekend, asking them to simply review the drafts and let me know if anything was missing, or included when it shouldn't be.

That's when things got interesting.

It turns out that nearly 3/4 of the group (i.e. everyone who was not in the division I came from) had not been informed of the final T&C for their contract extensions. Two individuals hadn't even been presented with initial T&C! Their former GHR managers had simply delayed and delayed before they were re-org'd elsewhere.

So, I come into work Monday morning (yesterday) with an inbox full of WTF emails from 9 staff who I somehow need to reach agreement on new T&C *and* sign new contracts with, all by the end of the week.

Luckily I have seen and been through something like this before. It's mainly about listing up each individual and the specific issues they raise before methodically addressing each and every issue in a series of interactions with the right number of touches, in a sufficiently empathetic tone.

Aside from a few minor clarifications here and there and explaining the standard used to determine new T&C more than a few times, I was able to get final agreement and dotted line signatures for 7 of the 9 global staff.

And then there were two: one located at our Seoul Office and the other on a project site in the Middle East. The one located with me in our Seoul Office requested to meet in person. They had actually settled on a to-be-confirmed 25% salary increase with their HR a month back, so I thought they wanted to discuss something else.

Turns out, they wanted to negotiate an even higher salary! They seemed quite butt-hurt though when he asked for a higher number; it wasn't a cheeky attempt at pulling the wool over the new HR manager's eyes. Long-story short, a series of understandable events had led them to believe they were being significantly underpaid compared to the average salary for an employee with equal years of experience. They weren't, and aren't, and putting that in writing was enough for him to say ok and sign.

Now for the series of increasingly infuriating interactions with our friend based in the Middle East. Instead of boring you with details, let me summarize what happened: I was lied to over the course of 3~4 separate, 30 minute plus phone calls where an absolute work related necessity morphed into a personal demand.

It was infuriating, and all along the way I had been trying to find the easiest win-win solution to for this individual. Anyways, finally, with a voice that apparently was slightly raised, I explained again how our friend could simply use their company supported flight to carry out their personal demand.

After another round of bullshit, I offered to write a simple email to the administrative team leader on their project stating that if it were within the bounds of their site regulations to provide a separate trip to our friend gratis, Corporate HR has neither opinion nor objection on the matter - a totally meaningless empty platitude.

Well that meaningless gesture ended up resolving the situation so I could get back to the rest of my work that had been piling up.

It had been awhile since I have had to deal with a bold faced liar. But I'm glad I got to flex my HR muscle and not just shut it down, but resolve it in a way where our company wasn't damaged but on the other hand (at least to our friend I guess) it appears that I went out of my way to try accommodate an employee's demand in the end.

There are liars everywhere, here's hoping you all don't need to deal with one anytime soon;)

2018년 3월 26일 월요일

Bounty Basics Part 1 - Prices & Periods

*This is the third post in a series of how-to guides introducing and explaining some of the foundational features and functions of beta.cent.co*

How much should you set your bounty for?

Good news: There is a wide range and over the last 8 months there doesn't appear to be a bounty amount that is too low. 

Although I originally assumed that a high bounty would be the only way to attract a high quality or high number of responses, I can say with absolute certainty that that simply isn't the case.

I think the main reason you can set a bounty for a trivial amount of money (e.g. USD 1.50) and still attract a sufficient amount of decent quality responses has to do with the social network aspect of Cent and the bonds that Centians are forming with one another.

So go ahead and Cent something and don't worry if your bounty is too low, because it isn't.


How long should I leave my bounty open for?

Short answer: Anything over 3~4 days is way too long. 

Unless you are asking for a review of something of significant length or detail (e.g. thesis review), a typical bounty will be able to accumulate between 30~100 responses within 3~4 days before it closes.

Probably because Cent pays out in Ethereum, but an attractive quality of of the site (from a responder's perspective) is the potential immediacy of payout.

If new users end up having to wait weeks for their first payout, do you think Cent is likely to attract a consistently large number of diverse responders? This is something to keep mind the next time you are setting a bounty for your cent.

*****************

Next time I will bring up the most important issue currently facing Cent, how we can increase the number of people who actually set bounties to cent something.

2018년 3월 25일 일요일

My Personal Voting Calculus

*This is the second in a series of how-to guides introducing and explaining some of the foundational features and functions of beta.cent.co*

Up Voting 

Although there really is no *one* way to vote, it may be useful to some if I share my own way of voting on Cent.

My voting is quite simple and is based on a 3-tiered quality based distribution schedule. Since there are a maximum of +3 up votes that can be given to any single response, my 3-tiers are: Excellent (+3), great (+2), and good (+1).

Only one post per bounty will receive +3 up votes from me. To ensure I have seen all responses, including late ones, I will usually wait to the last day of a bounty to give +3 votes - but sometimes the best answer is just obvious when you see it.

For great responses I try to keep a *soft cap* of 2 per bounty - but I will give +2 up votes to more than one response if they deserve it.

For *any* responses where the responder gave an original effort, they will receive a +1 up vote from me. Good jokes usually fall into this category for me.

Down Voting

Down voting consists of only two-levels for me: Bad (-1) and Copy/Paste (-3).

Responses that are simply responses for the sake of responses or that miss the point of the bounty are 'bad' to me.

Pure copy/paste jobs take zero effort and actually diminish the legitimacy of a site like Cent. As such they should be voted down to the fullest extent possible.

Conclusion

There is no 'right' way to vote. In fact I am sure there are other Centians who employ their own unique voting strategy when it comes to evaluating responses. I am super curious to hear what those strategies are.

I also know that many Centians seem to not understand the voting process and the important role it plays. Hopefully my posts from today and yesterday help clarify that.

Over the next few days I will be addressing various aspects related to bounty setting.

2018년 3월 24일 토요일

How to Understand Voting on Cent


*This will be the first in a series of how-to guides introducing and explaining some of the foundational features and functions of beta.cent.co*

The Basics of Voting

Voting on Cent is a deceptively simple, but incredibly powerful function that every registered Cent user (a.k.a. Centian) has the right to engage in. It is also the only way - currently - to ensure that quality responses make it to the top and receive their just compensation and that poor responses are pushed out of sight to the bottom.

After you log in to Cent and click on any bounty, you will see a cascading stream of responses. For bounties that have been live for a while, responses will appear in order of up votes received - so responses at the top have received the most up votes. Responses that haven't received votes will appear in descending chronological order with the most recent responses appearing last, but above responses that have received down-votes.

In the top-right corner of every response you will see two light gray triangles: the right-side up triangle on the left is the up-vote button, and the inverted triangle on the right is the down-vote button. You can give a maximum of three (3) up-votes and three (3) down-votes to *each* response. [Refer to the above picture of my beautiful wife @monica up-voting @nickb +3 times using Cipher Browser]

Voting is the primary factor that determines 1) placement of responses (i.e. the more votes your response receives the closer to the top it will appear) and 2) how much of the bounty each response receives.

The Cent team is currently in the process of iterating an innovative "Centurion" algorithm. In it's first iteration this algorithm used the reputation of responders to pump up the proportion of the bounty it could receive.

Currently the algorithm has incorporated quadratic scoring and has limited payouts to the top ten responses. So a payout to any given response in the top ten is based on the square of the number of votes it receives and is proportional to the percentage of the total sum of the square number of votes of each top ten response.

For you and any other Centian who contributes their time and consideration up-voting and down-voting responses, 10% of each bounty will be distributed based on a user's most recent 30 day "reputation."

So each vote you cast on an answer (up or down) results in you increasing your proportion of the 10% bounty reserved for users who vote on responses in that specific bounty. Voting +1 or +3 makes no difference. The degree to which your proportion increases is based off of your reputation.

Reputation is a weighted sum of your performance over the past 30 days. Earnings that are more recent are weighted heavier than older earnings. And earnings from more than 30 days ago do not count at all. A high reputation user earns more per vote compared to a low reputation user. The leaderboard on Cent shows the top users sorted by reputation.

Well, that covers the basics of voting. Tomorrow I will share my own personal voting calculus.

2018년 3월 23일 금요일

Product Evolution

Last night on Telegram I had an interesting little chat with Cameron (aka Cam) from Cent.

At one point the conversation turned to an unassuming bounty that user @tote posted as a simple way to chat with a few other like minded Centians.

Viewed by an outsider - an Un-Centian or someone with no Cents - the post looks and sounds no different than the random thoughts people post on Facebook or Twitter.

Those random posts on social media don't normally get 23 immediate replies though. But by attaching a trivial bounty - just $1.68 in this case - everything changes.

And everyone wins: @tote gets to have some side chats and responders get a few cents for their time and efforts.

Cam said he thought this was like what happens in sub-reddits, only with incentives. It kind of is, but Reddit is super specific, whereas Cent is (potentially) everything - just like Facebook.

To that Cam said:

"True. Facebook is everything related to your friends, and isn't bound to a particular topic. Cent today is like a group of Facebook friends."

These groups are only going to grow as will the possible modes of interaction between Centians. For me personally, I can't wait until I can have this kind of conversation over on Cent. But that's coming soon.

2018년 3월 22일 목요일

Trust & Truth

Trust is about saying the things that need to be said, and no more.

I am responsible for the sourcing, recruiting, contract negotiation, and overall management of numerous global employees from senior vice president down to assistant manager-level at our corporate office and across our overseas project sites.

Each of those stages is its own page, and if you want to turn a page over and progress to the next one, you need every stakeholder to be on the same page.

Since every position and employee requires their own unique touch, trust needs to be at the core of each relationship and every interaction if you hope to keep everyone aligned on a specific issue.

For example, every recruitment or any issue brought up by a global staff is a balance of sharing enough information with each relevant party and identifying key facts.

If I try to completely avoid talking about something with a candidate or employee, that is evidence of a lack of trust. It also means I am not saying something to my team leader or a supporting function or the department the position will be recruited into or works for.

Anything left unsaid is a potenial surprise. Surprises are violent, like page tears.

Establishing trust is acting in truth - in the Greek sense of the word, in unconcealment - since it exposes whatever *needs* to be laid bare. Sometimes it isn't pretty. Sometimes it isn't clear. But if it's out in the open, it can be handled.

If things are carried out in the open it is easier to spot insurmountable rifts or gaps. When these are spotted goodbyes can quickly be exchanged and no one is the worse for it; in fact it's at those times when the departing party is most appreciative.

They're almost as appreciative as candidates that both end up being a perfect fit for the role and like the package on offer.

In both cases they're happy that you trusted them enough to be truthful with them and didn't waste their time. The other stakeholders typically see things the same too.

Every potential recruit and every employee deserves to be told the truth. You get to the truth through trust. And it's not just good for you and them though. Since it saves time and money, trusting new recruits and employees is simply good business.

2018년 3월 21일 수요일

Morning Rituals


Coffee is the common thread that runs through my early Monday through Friday mornings.

This isn't some regular cafe or coffee chain coffee though; I'm talking about hand-ground aeropressed coffee.

After I get out of the shower there is always 200g of beans waiting for me in the grinder.

After I grind those, my wife dumps the ground coffee into the aeropress tube before adding 200g more for me to grind for her cup later. Then she goes back to breaking up fruit for our light morning snack.

Precisely two minutes before I head out my wife pours piping hot water onto the ground coffee in the aeropress tube before giving it a brief stir.

I'm usually tying my shoes as she presses the rich, oily and grainy mixture through a paper filter and into a to-go paper cup.

We head out together and she passes my cup to me. I kiss her and then step into the lift and wave to her saying I will see her soon as the doors close.

Then I take a sip. And my day begins.

2018년 3월 20일 화요일

Golden Tickets & Parachutes

These days, depending on who you talk to or follow on Twitter, it may seem like the corporation is in its last few dying days.

That's because blockchain-powered DAOs or Decentralized Autonomous Organizations and an impending Cambrian explosion in the gig economy are going to make the traditional corporation obsolete.

That's a big claim, and there are a lot of moving pieces that will need to fall in line just right for that picture of the future to become a reality.

Since most plans or forecasts rarely hold, I expect that whilst blockchain-powered organizations will certainly begin to appear in increasing numbers soon and certain individuals will be able to reap outsized returns by participating in a global gig economy, the elite corporations of today will remain and, in some cases, grow even stronger.

If smaller, inefficient companies begin to be replaced by what prove to be more efficient and cheaper decentralized rivals, I would expect landing a job at a large corporation to become akin to getting your hands on a golden ticket. The longer-term security and benefits such positions confer will remain very strong incentives for many, if not most.

That said, we probably can't even begin to imagine the types of jobs that will come online in the decentralized gig economy. But based on my own personal experiences, I can say that certain gigs can be extremely convenient and very lucrative.

There won't be an limits on how many gigs an individual or family can take on other then the natural limit of hours in a day and individual capacity to carry out whatever tasks the gigs demand.

For golden ticket holders as well, employers will be hard pressed to prevent their employees from procuring side gigs that are highly remunerative yet undemanding from a time perspective.

In fact, as corporate cogs build up a resume in the decentralized gig economy of the future, a strong reputation and network there will become the equivalent of a golden parachute.

If the corporate gig gets too stressful, or if the corporate soldier has simply made their nut and doesn't need that much more money, the agonizing that characterizes career changes today will cease to be a major factor.

Those lucky individuals could simply pull the ripcord on their golden parachute to ensure the softest of landings in their second life.

That is the sort of future I see: one where technologies that support and enhance decentralization will act more as compliments than substitutes.

And that is why I am appreciative as hell that I have a spot in a corporate tower with a window that looks out onto the decentralized squares of the world that are growing and expanding with each passing day.

2018년 3월 19일 월요일

Social Supernovas: Business Partners

One of the toughest parts of getting older is finding out how challenging it really is to find a true ride or die business partner.

You can make deep, long lasting friendships at any age, but finding just one person - let alone a group of people - willing to buy into your hyperstition and work with you to turn fiction into reality, that may be the social equivalent of a supernova.

It's about finding someone who is capable of both heading forward on the same train of thought, but open and able to jumping ship with you if a new, better plane of seeing or thinking presents itself.

Over the past five years there have been about six times when I've thought I found my partner in crime; but each time things didn't pan out. Life got in the way of a few potential partners. The other times, well, we just couldn't seem to ever get on the same damn page.

I can't be sure, but I think I may have found a two person team where *I* might be able to be that ride or die partner I've always been looking for. We all share a belief in a similar fiction that we seem hell bent on bringing into unconcealment. And we are all smart as hell.

Well, anyways, we shall see.

2018년 3월 18일 일요일

Cent - Chapter 4 Global Treasure Hunts

*This is the fourth part in a fictional, forward-looking series based on the site beta.cent.co*

I had been on Cent for about 2 years when the idea came to me.

As a Centurion, a regular responder and publisher on the Cent network with nearly 50,000 supporting followers and 25 personal Centurions, I was pulling in close to USD 15,000 per month - all whilst remaining gainfully employed.

Having had no reason to spend much of the earnings from Cent aside from ensuring responders to my writings had a healthy bounty or asking a few bountied questions, I had amassed quite a healthy surplus. Not to get too specific, but it was in the six-figures.

I forget when exactly I heard it, but it was on an episode of the Epicenter podcast where I first caught wind of an interesting little app that allowed anyone to geo-tag information to highly precise GPS coordinates. Any information, from digital letters to multi-sig addresses.

Like Pokemon Go any user could see this digitally tagged information by looking at the world through the screen of their phone. So if I pasted a digital letter in the middle of Times Square, anyone with the app installed would be able to see it; otherwise it would remain hidden.

My mind immediately connected this app with the idea of a global treasure hunt for my 25 loyal Centurions. My Centurions were (and still are) like a cross between work colleagues and best mates to me.

I wanted to reward them not just for all the time and effort they'd put in reading my writing, fostering discussion, and curating comments - all of which they had been compensated for - but for all the other intangible value they provided by sending them all on a vacation that could double as a treasure hunt with a cash payout of USD 25,000 for one lucky Centurion.

The premise was simple, since every Cent user had a public address key linked with their profile I would deposit the value of a ticket from their home city to Seoul plus the cost of lodging at a hotel I reserved ahead of time. I encouraged everyone to come out on a certain date and let them know they should block out around two weeks since I had something special planned for them.

A few couldn't make it but they were free to keep the funds I sent them. About 20 were excited for this mysterious trip I had planned.

After they arrived and we had a day to talk about our work and roles and future vision for what we were doing on Cent, I instructed them to download the app that let them view digital tags set in the real world and unveiled my ultimate surprise for them.

I gave them a riddle whose answer would point them towards a specific place in Seoul where I had set a digital tag that contained 20 separate 2 of 2 multisig addresses, each based on their public keys, that once unlocked with their matching private key (and mine) would give each of them enough money to purchase a ticket for Mumbai.

The attached letter would contain a riddle that if broken would point them towards a specific place to head to in Mumbai looking for another digital tag that would contain another riddle, but only 15 separate 2 of 2 multisig addresses with the funds needed to travel to the next city.

Each subsequent city would have 5 less addresses with funds for a plane ticket to and lodging in the next city. The final five Centurions would be racing to find the last multisig address with USD 25,000 stored in it.

This was the first of many epic annual gatherings our tiny, but economically more than self-sufficient stack of Centians would hold. I'd like to think that we played an important early role in showing the power and possibility small social sub-networks could have when everyone is economically incentivized.

2018년 3월 17일 토요일

A Shiny New Cent

My favorite site and personal passion project, beta.cent.co, just got a shiny new design upgrade.

I recently spoke with Max and Cam, the decentralized social network's two co-founders, and this upgrade marks the beginning of their planned v2.0 iterations for the site.

The next most likely addition will be the build-out of an entirely new feature. Currently Cent only offers a bounty-based Q&A feature, but soon they will release an entirely new and separate space based on a brand spanking new smart-contract they are busy working on.

I cannot wait.

In the meantime, head over to Cent, register (if you haven't already) and respond to some questions for a chance to earn cold hard currency.

I just posted a bounty (here) worth 0.05 ETH or about USD 25 asking people when they listen to their top 5 favorite podcasts. Go check it out.

2018년 3월 16일 금요일

The Pain Cage

Korean corporate culture is notorious for booze fueled after work gatherings.

People assume that this is a near daily thing, or that such events are unavoidable.

As always, the reality is more nuanced.

Excluding drinking sessions with work mates that you're close with - because those are always fun - corporate drinking sessions are influenced mainly by who your direct group or team leader is.

This leader may be a frequent drinker, in which case group members will get together more often than other groups, *but* not every session will be a must go event - there is actually a great amount of personal discretion involved.

Some people with experience working in Korea, and even some Korean employees may be surprised at that last comment, but of course there are a few caveats here.

First, if you hold a more senior manager position in the group, you will probably grab dinner and drinks more often than you would like if your group leader is a boozer. Your ability to exercise personal discretion in these positions will be greatly diminished.

Next there are promotion dinners, welcome parties and farewell drinks (unless it's for a hated enemy) which are really the only examples of must go sessions. If you don't go to these, unless you have an airtight excuse like marriage, death, or something, not attending will place a bit of a black mark on your reputation.

Another grey area is the 3~6 month period after you join a new team or group. During this period, there is no other better way to get to know your colleagues and boss than by breaking bread with them. And of course, imbibing copious amounts of alcohol.

During the drinking sessions over this 3~6 month period you will hear the real deal. Your R&R and expectations of you will be laid out. You are free to voice concerns and ask any questions.

In other words you will get to see the hidden 90% of the corporate reality iceberg. What you hear between 8 and 5 during this period may constitute 10% of reality.

I have just begun this 3~6 month period. Over the past two weeks I've had two very late drinking sessions on back to back Thursdays. From the time I wake up on Friday until about 3 pm I have been in the proverbial pain cage.

Drinking is something I am good at, but the next days are torture. It'll be tough, but I will need to attend most drinking sessions over the next couple of months. I can already tell the relationships I am forging and information I am picking up will prove invaluable to my future not just in this position, but in this life overall.

But I cannot wait to exercise my personal discretion again to selectively attend and avoid drinking sessions so that I don't have to serve my post drinking session penance sitting in the pain cage in the office.

2018년 3월 15일 목요일

Reflection

Reflection in the face of defeat is not acquiescence.

Sacred beliefs or causes today may, in hindsight, be viewed as divisive and destructive.

Unless you are a zero or one, there are very few binaries in life; we are all living together across a multiplicity of interconnected spectrums.

There will always be causes and beliefs, but there is no rule that says we need to hold onto past ones. Nothing, save for life, is sacred.

Life needs to be reflected onto the future for it to become a reality worth living for everyone.

2018년 3월 14일 수요일

Podcast Day-parting

In yesterday's always informative Hot Pod, the newsletter covering all things podcasts by Nick Quah, I learned a new term: Day-parting.

Day-parting is a traditional broadcast programming approach that dates all the way back to 1915. It's the practice of dividing the day into separate temporal parts so as to best match the different traits and needs of each audience profile.

The practice of day-parting explains, for example, why the first hour or two of the Today Show or Good Morning America have always been more focused on traditional news reporting whilst the latter parts are very loose and soapy - after the audience that the first half targets goes to work, they can focus on their next stay-at-home demographic.

When it comes to podcasts, until very recently, the practice of day-parting had been largely forgotten. But with the appearance of The Daily by the New York Times which drops daily at 6am EST, the practice and potential impact of day-parting has re-emerged.

Since monthly podcast listening has sky rocketed more than 73% since 2014, at least in America, more and more high quality entertaining podcasts have launched.

There is very nearly something for everyone. For me personally, I have a growing stable of around 20 must-listen podcast shows with regular release schedules.

Every podcast is an intimate experience. Many are conversations. All available whenever you need them.

Like Sam Harris expressed in the most recent episode with Robin Hanson, his main focus is on carrying out and sharing more and more fruitful conversations.

It is now possible for every person with a smartphone to personally day-part their own listening schedule. The best schedule will maximize the impact and import of any fruitful conversation that much more.

How do you day-part or even week-part your own podcast listening schedule?

2018년 3월 13일 화요일

Private Signaling & Incentive Structures

Last week I wrote about my surprise at how so few AVC.com readers actually make it down into the rich comment section below Fred Wilson's daily posts. To remind my readers that figure stands at a mere 5%.

Robin Hanson appeared on the latest episode of the Waking Up podcast with Sam Harris and basically confirmed that stat and the underlying reason why.

According to Robin it essentially has to do with the human propensity - a need even - to signal. Specifically it has to do with an overwhelming amount of society simply ignoring or failing to engage in actions, regardless of the potential personal benefit, that are private signals (i.e. actions that others aren't able to see or easily know about).

Robin used the example of providing free or paid information that details the success rates of local heart surgeons to individuals who, because of heart problems of their own, presumably would benefit the most from such information.

Only 8% of those targeted took and read that potentially life-saving information.
Just 8%.

That is so close to the 5% comment reading statistic it's scary.

What's even more interesting is the way perceived, norm-based, social incentive structures factor into this. If your signal is shielded, there is no to low chance of receiving any kind of a socially validating benefit. There is no one who is going to admire you more or say, "Good job Bob."

As fundamentally social, networked creatures, that social validation and reaction is like social currency to us.

Even if most AVC readers are working in sectors most closely related to what is discussed below Fred's articles (and thus stand to benefit the most from such discussions), they won't accrue any more social capital by reading the comments (much less if they make a couple of posts here or there) than if they didn't read them at all.

And that seems to be a powerful driver of human choice and action.

But just like I wrote in that post, these findings simply reinforce my original conclusion: a stronger incentive (i.e. cold hard capital) would appear to be all it would take to get people to make better decisions, at least in their private lives.

Moreover, since positive private decisions tend to have a strong compounding effect (see here) it should be expected that there would be a positive spillover effect into public spheres as well.

It was a great podcast, and anyone who hasn't should check it out.

2018년 3월 12일 월요일

Know What You Don't Know

Know what you don't know, and know what you can know.
~ Charlie Munger

A good leader will build out a team that fills in and makes up for what she doesn't know and her relative weaknesses.

It's easy to spot this kind of team. Simply look at how different the team members are from the team leader.

The more different the team members are, the better the leader.

A good leader will know how to create the team synergy necessary to get that special something that each of her team members possesses to create the biggest results.

I am reminded of my former Strategy & Planning Part Leader, Matthew Cho.


Charlie Munger에 따르면 좋은 리더가 알아야 할 두 가지 사항이 있다.

자기가 모르는 것과 알 수 있는것을 아는것이 바로 그 두가지이다.

좋은 리더는 모르는 것과 부족한 부분을 바로 채워 줄 수 있는 사람들로 팀을 구성한다. 

이러한 팀을 확인하는 쉬운 방법이 있다. 팀원들이 리더와 어떻게 다른지 한번 보죠. 팀의 구성원들이 리더와 다르면 다를수록 리더가 좋다.

 그리고 좋은 리더가 각 팀원이 갖고 있는 고유한 특별한 무언가를 활용해서 성과를 창출할 수 있는 팀내 시너지를 일으킨다.

내가 이전에 소속되었던 기획파트가 떠오른다.

2018년 3월 11일 일요일

CryptoCountries: Smart Contract Innovation

Smart ideas often first appear to be ordinary; indistinguishable from whatever idea came before it.

A lot of big ideas first arise in the most unlikely or common places imaginable. Some have appeared in peoples garages on weekends. Others have surprisingly sprung out of efforts focused on totally unrelated ends.

The current crop of dapp development is witnessing an enormous amount of energy focused on smart contract development and deployment. My bet is that the biggest ideas - at least initially - will spring out of projects that people simply consider games, scams or both.

CryptoCountries is one example where some interesting smart contracts and incentive structures have been developed for what appears to be a somewhat scammy game.

In its current iteration, countries and cities are represented as smart contracts. Ownership of each country and city is transferred to any user who sends double the amount of ETH the current owner paid.

The scammy nature of this dapp seems to stem from the fact that ETH from the initial purchase transaction goes to the developer (though this has never really been confirmed).

It's either that or people just don't realize that 95~98% of ETH paid when a user usurps control of a country goes straight to the current owner of the country, with the developer receiving only 2~5%. For cities, the developer receives 1% of the ETH paid to usurp control of the city, with 5% going to the current owner of the country that the city is located in, and the remaining 94% being sent to the current owner of the city.

Regardless of whether or not it's a scam, that last bit is the idea that's really interesting to me. But instead of trivial tokens, imagine that this fluid ownership structure was applied to something else, like original content.

Imagine that you can fund creators so they post more artwork, drawings, music recordings, podcasts, blogs or any other creations and you, along with any other supporter, would automatically (via the underlying smart contract) become entitled to a recurring portion of future revenue earned by that specific creator.

Just like CryptoCountries, however, someone could take your shares over by paying double what you did. In order to prevent someone from doing that, for example because you expect your stake in their future revenue to continue to increase due to their increasing popularity, you could simply pay the same smart contract double what you paid.

You would receive all of that money back to your own digital wallet though, save for a fee of say 6% where 5% would go to the creator and 1% would be paid to the developers.

If shares in a musician, for example, were that valuable I think that it would make sense to help increase their value by helping to book new venues, sell tickets or merchandise, or anything else that could increase the artist's revenue and popularity, since a percentage of that increased value would come back to you.

This is kind of amazing to think about. It really feels like this is kind of perfect. And I think I know of the perfect test bed to try this out. I truly feel like this is the beginning of one of those big ideas.

2018년 3월 10일 토요일

Empty Leadership

Leadership comes in many sizes and shapes.

Large companies though, seem to provide just the right climate that fosters a very unique type of negative leadership that I like to call 'Empty Leadership'.

Empty leadership is how saying nothing, but saying it loudly and often, becomes leadership.

Large companies tend towards complexity. As this complexity grows, and especially if HR remains centralized near the top, understanding the competencies and shortcomings of even the relatively small group of executive leaders throughout the company becomes an increasingly difficult affair.

At companies like this, meetings tend to be the most important platforms to evaluate these executives.

It is at these meetings that empty leaders are at their best. They say more than others, and seem to say it the same way each time, but somehow also just different enough. Pointing out problems in the plans or proposals of everyone else is another common tactic of empty leaders.

Empty leadership is usually accompanied by several other symptoms that frequently appear together throughout an organization that typify the syndrome of corporate inefficiency.

Since there is no one common underlying cause of syndromes (unlike diseases) there is, unfortunately, no silver bullet.

That said, there are several actions that if taken can help to alleviate the severity and impact of certain symptoms. The most important steps to be taken are organizational streamlining and regular, unplanned communication.

If your HR operates functionally with a centralized corporate HR team that has lines into each business via an embedded HR function, keep the embedded HR functions as small as possible.

At the same time, cycle top performers in the embedded HR teams who are well networked back and forth between the corporate function to minimize knowledge gaps and streamline planning, recruitment, re-contracting and training.

Active and unplanned conversation with working level associates is key. If you are a CEO in a large corporation where certain business lines are underperforming with no clear understanding as to why, go walk through those business lines and talk to a few of the younger staff.

Unfortunately this is exceedingly rare. Most CEOs are "too busy" with other things. If you were a good operator though, I am not sure there is anything more important than your executive team in-charge of actually operating the business. These informal executive evaluations are more important than any formalized employee evaluations.

What percentage of leadership at your work is empty leadership?

2018년 3월 9일 금요일

Living Algorithms

If it's a good place, order the special.

If it's a bad place, order what they can't screw up.

2018년 3월 8일 목요일

Interstitial Anxiety

Everything digital has its base in the real world.

Digital interaction designers (correctly) focus considerable efforts on reducing potential interstitial anxiety in users.

Interstitial anxiety refers to that momentary tension a user experiences after executing some action before a response occurs (e.g. a button click before moving to another page).

A real life example could be that anxious period after beginning a new job before you start doing any actual work or that time after you meet someone for the first time but before friendship or animosity manifests.

Interaction designers create transition elements that allude to the next screen in a sequence as a way to mitigate interstitial anxiety and fear of what is to come.

What are some ways to minimize interstitial anxiety in real life?

2018년 3월 7일 수요일

Achieving the Impossible

The ever eloquent and piercingly prescient Ben Thompson penned a gem in Stratechery yesterday.

He elaborated on his comparison of Spotify and Netflix.

What really struck me though was his breakdown of how Netflix went from being a pipsqueak DVD purveyor worried about getting crushed by Blockbuster to being the global content behemoth it is today with a library of over 700 original shows.

You don't just flick a switch and become the latter.

Instead you need to be able to piece together a series of (orthogonal) steps from here to the future that build on each other.

Each intermediary step should be a prerequisite to everything that follows.

That is it. That is the formula for achieving the impossible.

2018년 3월 6일 화요일

The Future of Jobs

The other day on Cent there was a bounty seeking responses from Centians regarding  their predictions on the future of jobs.

On a side note before I share my response, it's just amazing how many of my responses on Cent also stand up well as individual blog posts.

Anyways here is my response:

Every Centian is helping to materialize a new job class already.

At an atomic level Centians are single voices and perspectives. At scale Centians become whatever you need: an engaged audience, critics, brainstorming colleagues, an academy, task masters, etc.

I'm sure the form will change, but it isn't hard to imagine a future where individual Centians scour whatever the blockchain equivalent expression for 'the interwebs' is (outer chains??) to identify the remunerative posts, ads, or bounties they can reply to as a way to earn 'beer money' or maybe even a living wage.

2018년 3월 5일 월요일

Great (Freelancing) Work Strategies

There was a perfect little HBR article the other day that distilled strategies of successful freelancers.

To ward off the ever looming threats of distraction and loneliness, successful freelancers cultivate "holding environments" or physical, social, and psychological spaces for their work based on "liberating connections."

Specific places, routines, purposes and people all help to free individuals up enough to give them the scope and mind space needed to bind themselves to their work.

As much as this report was focused on freelancers, the article also astutely mentioned that these factors can be extremely important for those working traditional jobs as well.

And based on my experience, that is absolutely true.

My workstation is always just so. I can pack and set it up in less than 30 minutes exactly how I like it - I just did it this morning.

I've already written about how important my habits and routines are to me here and here.

Helping to make things better for everyone - that is the ticking Swiss heart beat that keeps me focused on moving forward.

And my regular meetups: coffee mates, lunch mates, work mates, drinking mates, way back mates. I'm not sure I would have learned as much or been as happy and of steady mind had it not been for the people I work with and meet up with regularly.

It's a good read and a simple guide to leading a fulfilling and productive work life.

2018년 3월 4일 일요일

4 Steps to Revolutionize Culture

I was listening to an older episode of a16z with Ben Horowitz the other day where Ben offered up a few steps for how to revolutionize workplace culture.

Here they are complete with real, live examples:

1. Keep what works, just like Steve Jobs did upon his return to Apple.

2. Create strong rules, a la Zuck with Facebook's 'move fast & break things' motto.

3. Incorporate outside leadership as a way to bring in the culture you need.

4. Make decisions that demonstrate priority, like Reid Hastings did when he told  
    the DVD division not to come to executive meetings anymore (despite them  
    accounting  for 100% of revenue at the time).

2018년 3월 3일 토요일

The Brain Drain of the Korean War


I just started to re-read Son Jung-mok's five volume magnum opus 'The Story of Seoul's Urban Planning' the other day.

Part of the reason I wanted to re-read these books is because a single reading is simply not enough time to absorb all of the facts, figures and history contained in this collection that details Seoul's rapid development in the 50 year period following the Korean War.

It's my hope that over the course of my re-reading I can share some lesser known history with my dear readers, starting from today.

Most casual observers of history know that the Korean War was bloody and destructive. Enormous number of soldiers and civilians died as a result of the war. Seoul was destroyed - over 30% of buildings from personal homes and schools to banks and government buildings were obliterated either from bombing, fire or a combination of the two.

At the outset of war, Seoul had a population of around 1.5 million, 1.4 million of which resided north of the Han River. After North Korea attacked, 400,000 citizens immediately fled by crossing the Han and heading south. By December of 1950 that number increased to 800,000.

Over 95,000 Seoulites (i.e. non-military civilians) were lost between 4 am on 25 June 1950 until the armistice was signed nearly three years later on 27 July 1953.

The term 'lost' includes casualties as well as those who were slaughtered, abducted, and unaccounted for. There were 29,628 civilian casualties; 8,800 Seoul citizens who were slaughtered; and 20,738 civilians who were kidnapped by the North Koreans.

Before reading this work, I never heard or thought about any potential abductions, so after seeing that stat I was immediately curious who was targeted. It shouldn't have come as a surprise that the elites of South Korean society were the main targets of  the abductions: university professors, doctors, lawyers, judges, prosecutors, businessmen, and journalists occupy a large portion of the list of those who were abducted.

It didn't help that the elites were clustered in the Jongro and Central districts of Seoul. But it is mind blowing to think that over 32% of all lawyers (there were barely 100 lawyers at the time) in South Korea were abducted at once, literally overnight, by the North Koreans never to be seen again.

That fact makes the story of South Koreas rapid development after the war all the more amazing. And goes to show that "ordinary" people can accomplish outsized results.

2018년 3월 2일 금요일

Be in the Minority

Yesterday in the comment section on AVC.com I came across a surprising thread:


So there are roughly 200k people who read Fred's blog daily, and of that readership, 5% or 10k drop down into the comments.

Since there have been maybe 200 readers max who have posted more than one comment, that would mean only 0.001% of readers engage in commenting. Of course the core cast of the commentariat represents an even smaller minority of overall readers.

Whilst it has always been clear that commenters were a small minority of overall readers, I was as surprised as Jason was that so few readers make it to the comment section.

That said, it feels good to be in the minority in this case, because - as I have said numerous times over the years - there is so much wisdom and value shared within that comment section.

But the question arises: Why do so few readers of the blog make it down into the comment section in the first place?

Jason thinks it may be a function of limited time, but DJL thinks it's a matter of indifference.


I'm not sure if there's anything as thought-provoking today as the fact that reading, listening to, and considering other opinions and viewpoints is becoming even more uncommon.

Like DJL, I think a lot of people attribute this fact to a growing ignorance and indifference in the "stupid" majority of society. I initially thought that way too.

But after thinking a little more, why should people care? There is certainly no immediate incentive to care, and if there is a long-term incentive, it is so bloody far away as to be rendered meaningless.

If you want others to care about different opinions and viewpoints, you're going to have to pay them to do so. 

Now that is an extreme opinion. One that no more than a handful of people probably hold. But *that* is the kind of minority I want to be in.

2018년 3월 1일 목요일

Keeping On

Today is a national holiday over here in Korea. As a result many companies are encouraging their employees to take leave on Friday so they can have a nice long weekend.

Although I for sure will be taking advantage of the long weekend, I will not be taking days off from reading, blogging, or exercising. To be clear though I'll be enjoying this break by wrapping up each day with a few tasty Hand and Malt pints at their flagship Seoul taproom with the wife.

In the words of one of my favorite (construction site) project managers I have had the good fortune to get to know over the years, "You have to keep on keeping on."

Keep on keeping on with all the things that are important to you. And celebrate free time when you have some.