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Showing posts from June, 2011

The 'social graph' lock-in is overvalued

We keep reading that the biggest asset Facebook has is their social graph, the network of friends and friends of friends that is close to impossible for other companies to replicate.

Facebook initially grew their network not just because people wanted to be friends with others on an online service, but because it provided a real value that people wanted to capture (according to my friend who was at school when facebook was getting big, that value was to get invited to all the parties, or spy on a girl).

If a service provides enough value for people, they will go through any amounts of pain to sign up to capture that. Think of dating sites like eharmony and match, they are extremely boring to sign up with forms that run for a mile, but loads of people still sign up.

I had attended the summit series conference few months ago, and they had their own special social network which you could sign up. The had very long forms, no facebook connect and even no email notifications. However, every…

Bitcoins!

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Have been playing around with bitcoins lately. Even though I seriously doubt the long-term viability of such a currency, I think its pretty amazing to be able to use it right now.

If you haven't heard about it, Bitcoin is a P2P, completely decentralized currency. Its like a digital version of having cash, with all the benifits (and disadvantages) of cash. Its anonymous and can't really be tracked (just like cash), but can also get stolen if someone gets access to your files.

People have been using it to buy t-shirts and accesoriesserver space and a physical NY restaurant even accepts payments using bitcoins. Imagine traveling the world without worrying about currency exchange problems and having a single currency that works everywhere.



To get started, check out bitcoin.org or download the app. on your computer and send me your bitcoin address so I can send you some!. If you are feeling rather generous, my address is 1JcNMmEUYCieADecgUNkjE3vYTanJhD9wu :)

Dwipal