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Ledger Nano S1


I got my hands on a Ledger Nano S last week and set it up over the weekend. The Ledger Nano is a “Cryptocurrency Hardware Wallet” which means it is a device you can store your Bitcoin, Ethereum, and other crypto assets on. It costs $95 on Amazon. It looks like this: It is about the size of your average thumb drive/USB Stick. The screen you see in that photo is quite small and the UI that runs on it is pretty bare bones as a result. There are Chrome Apps that run in your browser and connect to the Ledger and provide the basic wallet functionality that you have gotten used to on Coinbase or some other hosted or software wallet (balance, send, receive, etc). I was able to set up the Ledger Nano and get it working without too much hassle. The instructions are pretty good. But the security precautions (which are absolutely necessary) are a bit of a pain to deal with and it is not the simplest experience. It doesn’t take a long time to set up, it’s just a process you have to go through. There is a USB cable that you use to connect to your computer and put the device online. You can then send and receive crypto assets and use the wallet apps to see the activity on the device. When the device is disconnected and saved somewhere safely, it is offline. Many crypto purists believe that you must own a hardware wallet and that your assets are not really yours unless you control the keys and the device on which you store your assets. For those who feel that way, the Ledger is a great solution. I personally am happy to store my crypto assets with our portfolio company Coinbase in the cloud, particularly in their vault offering which provides delayed withdrawal and multi-sig on the account. But I do understand those who feel that storing your assets on your own device is the right answer. Where I find value in the Ledger is as a solution to store crypto assets that aren’t supported by Coinbase and/or some other trusted hosted storage provider. What many people do is store their “alt-coins” on the exchanges that support those coins. That has turned out to be a dicey option as many exchanges have been hacked over the years. What I advise, and do, is to store these “alt-coins” on a hardware wallet, like the Ledger, and then move them onto an exchange to trade them, and then back off after the trade clears. The idea is to limit your assets in “hot storage” as much as possible and maximize your assets in “cold storage” as much as possible. And for that, the Ledger Nano is a great solution. http://avc.com/2017/10/ledger-nano-s/

Work you love vs. Love your work


There are plenty of great critiques to the idea that we must follow our passion and do work we love. All these critiques point to people who became passionate about what they did after they got good at it. Besides, few know what they’re passionate about, anyway.    On the flip side, there’s good evidence to show that interests matter. We all gravitate toward certain kinds of work. And, it is better for us to find careers in those kinds of work. I have experienced that myself – there are certain jobs that I intuitively feel more excited about over others.    My sense is that, over time, we’ll come to accept that this debate has no right answer. Instead, like all great opposing questions, the answer lies somewhere in the middle. Interests matter, but don’t let yourself get fixated on which one is the right one. Instead, once you are in the proverbial ball park, cultivate that interest, get good and create options to find exactly what you’d like to do. So, if you know you gravitate toward research, go get a Masters in something that sounds interesting to you. Over time, you’ll move toward the right subject in time for your P.hD.   My thesis in this debate, aside from the strong belief that the answer lies somewhere in the middle, is that our dominant strategy is to enjoy the process of doing good work. This is irrespective of what we choose to do. You don’t have to love that boring excel spreadsheet task to put in your best effort. Neither do you have to love to march to do it well. The rush from doing good work is addictive. In time, we tend to recognize and love the process of intense preparation, sustained effort and thoughtful follow up. The results of the work matter – but, far less than we imagine. Besides, good processes ensure good outcomes in the long run anyway.    The process of doing good work is our dominant strategy because good work opens up opportunities. And, these opportunities help us get closer and closer to what we gravitate toward.   As kids, we are told that what matters is that we gave it our best shot. That advice turns out to be incredibly wise. Share this: Facebook Twitter LinkedIn Like this: Like Loading... Related https://alearningaday.com/2017/10/16/work-you-love-vs-love-your-work/

Building reputation and incentives into marketplace products | Thinking Product


This is a “Thinking Product” post where I have more outstanding notes questions than concrete thoughts or a framework. I haven’t given the subject of reputation in marketplaces much thought. But, I thought about reputation this week as I took four Uber rides during a day of travel. The driver side of the marketplace. I read an interesting post today titled “Give me my reputation back” in which Gavin Kelly lays out a case for portability of reputations. He writes – The popular image of this segment of our economy is of free-wheeling, hyper-flexible freelancers who come and go as they please. Gig-workers can, after all, work through whichever platform they wish, for as long as they wish. The free-market distilled.  Yet this is a partial account. It overlooks a barrier to mobility: the non-portability of their customer ratings and reviews. This is no side-show. You can’t, as Henry Ford said, “build a reputation on what you are going to do.” Ratings crystallise hard-won reputations; they are the passport to future earning power. Lose them and, regardless of experience or prior standing, you are pretty much starting from scratch. This state of affairs is all the more odd given that, to avoid being treated as legal employers, platform-companies like Uber present themselves as mere online notice boards used by independent businesses to pick up trade. Strange, then, that these businesses can’t move these reviews with them. I think this is a valid thought and one that is similar to the argument that we ought to be able to take our data on centralized platforms and move it. I don’t expect the gig economy companies to take action. But, our regulators need to pay more attention. The rider side of the marketplace. Uber has been more upfront about the rider rating (i.e. the average rating you receive from drivers) and you now see it the moment you touch the options menu. I had a few thoughts here and questions here – Rating manipulation: Uber says it doesn’t reflect individual changes to ratings, for example. But, it is pretty easy to tell. For example, I received three 5 star ratings and one 1 star rating on Wednesday. It was easy to tell because I saw an immediate change in my rating and the last change involved a large fall from 4.74 to 4.64. So, is it possible to manipulate your own rider rating? Here’s an example – what if I gave a 5 star rating and a generous tip to the driver right after I finish the ride? Wouldn’t the driver know immediately and reciprocate? Similarly, what if I “got back” at the driver who rated me one star by giving him a one star rating? Could Uber update ratings after a 24 hour period instead? (I did neither – but am curious) Feedback for a one star rating: I was really curious about the reason for my one star ride. I was waiting for the driver, greeted him, stayed quiet until he needed directions within our apartment boundaries and got off. I wondered if the rating was a mistake and asked Uber support if there was a reason for this. But, Uber support just gave me a list of generic tips. What if the rating system persuaded both riders and drivers to give at least a line of feedback if they gave an extreme rating – e.g. one or two stars? Introvert bias?: I would be really curious for studies on the correlation between introversion and Uber rider ratings. If I’m taking an Uber after a work event or a social occasion, the last thing I want to do is have a conversation with my Uber driver. But, an extrovert would be have differently and my hypothesis would be that extroverts have higher Uber ratings, on average. Kids bias?: Another bias I’m more certain of is that against parents traveling with young kids – especially if the driver isn’t a parent himself/herself. How do you correct for such biases in these rating systems? Do you bother? As we move toward a world with more marketplaces enabled by mobile phones, I wonder what the consequences of such rating and reputation systems will be. I’ve heard great things about an episode of Black Mirror where everyone is obsessed with their overall rating. What happens in a world where we feel constantly watched and judged? While I was curious about ratings and reputations in marketplaces during my Uber day, I definitely felt judged when I got my one star rating. For some reason, I’ve had issues with the Lyft app on my phone over the past few months. But, the one star rating with no explanation pushed me to uninstall and reinstall the app so I could use Lyft next time. I’ll be back with more notes and questions after using Lyft on my next travel day in the coming months. :-) Share this: Facebook Twitter LinkedIn Like this: Like Loading... Related https://alearningaday.com/2017/10/15/building-reputation-and-incentives-into-marketplace-products-thinking-product/

My new book came out today!34


My new book came out today! Source: http://theoatmeal.com/blog/dogs_as_men_book

Reaching people on the internet5


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