Category: Web/Tech

Ben Casnocha reviews *Create Your Own Economy*

I am delighted with the review, which is more like a review essay, with many interesting observations on internet culture as well as on the book.  The essay title is "RSSted Development."  Excerpt:

…the intellectual and emotional
stimulation we experience by assembling a custom stream of bits. Cowen
refers to this process as the “daily self-assembly of synthetic
experiences.” My inputs appear a chaotic jumble of scattered
information but to me they touch all my interest points. When I consume
them as a blend, I see all-important connections between the different
intellectual narratives I follow a business idea (entrepreneurship) in the airplane space (travel), for example. Because building the blend is a social exercise real communities and friendships form around certain topics my
social life and intellectual life intersect more intensely than before.
And I engage in ongoing self-discovery by reflecting upon my interests,
finding new bits to add to my stream, and thinking about how it all
fits together.

Cowen maintains that these benefits enhance your internal
mental existence; how you order information in your head and how you
use this information to conceive of your identity and life aspirations
affects your internal well-being. Because a personal blend reflects a
diverse set of media (think hyper-specific niche news outlets in lieu
of a nightly news broadcast that everyone watches on one of three
networks), and because each person constructs their own stories to link
their inputs together, the benefits are unique to the individual. They
are also invisible. It is impossible to see what stories someone is
crafting internally to make sense of their stream; it is impossible to
appreciate the personal coherence of it.

The way the benefits of info consumption
habits accrue privately but are perceived publicly approximates
romance, Cowen adds. Compare a long-distance relationship to a
proximate one. In a long-distance relationship, you have infrequent but
very high peaks when you see each other. Friends see you run off for
fancy getaway weekends when the sweetheart comes to town. Yet
day-to-day it is not very satisfying. In a marriage by contrast you
have frequent, bite-size, mundane interactions which rarely hit peaks
or valleys of intensity. The happiness research that asserts married
couples are happier than non-married ones and especially happier than
couples dating long-distance is not always self-evident. Outsiders see
the inevitable frustrations and flare-ups that mark even stable
marriages. What they cannot see is the interior satisfaction that the
couple derives by weaving together these mundane moments into a
relationship rich in meaning and depth, and in writing a shared life
narrative that is all their own.

After reading the essay, I wonder how many blogs Ben has in his RSS feed…

Assorted links

1. China theory of the day: The Chinese save so much to compete for mates.  Should I believe it?

2. Paying interest on reserves, and why it should be easy to disarm future inflationary pressures.  Do I believe it?  (Brad DeLong comments.)

3. Markets in everything: pirate hunting cruises; should I believe it?

4. Stores are cutting back on variety; I believe it.

5. Farrah Fawcett and Ayn Rand.

Markets in everything

http://www.facebook.com/jeffholton?ref=nf

Jeffrey Holton

Ok,
seriously, yes, I will ghost-write status messages for $1 per message.
And yes, I'll make them interesting. I'll even give you a set of 12 for
$10. Let me know if you're interested, and you have a working PayPal
account. I can't promise they'll be TRUE, but they will be INTERESTING!
:)7 hours ago

I thank John Bailey for the pointer.

My *Fast Company* article, and no Google is not making us stupid

It is an adaptation of one part of Create Your Own economy; excerpt:

It's a common complaint that the Web makes us more impatient, but most
of us use it to track (or create) long-running stories and debates.
I've been following the career of folk-rock star Roger McGuinn for more
than 30 years, and now I use the Web for that. If anything, the essence
of Web life is that we are impatient to discover the next installment
in our planned programs of very patient long-term interest. That's a
kind of impatience we can be proud of, just as a mother might be
impatient to receive a call from her teenage daughter away at college.
It's a sign of caring and commitment, not superficiality.

Here is the link and full article.

Kindle and DRM and Netflix too

After reading this post, I realize I don't understand my status quo DRM rights with Kindle.  That's not a good sign.  I did notice this sentence, which I didn't feel the need to parse any further:

Here is the major problem with this scenario.

As a reader, I find it good policy to keep the number of books on my Kindle to below twenty.  That forces me to read the ones I order and it also protects me from "stranded" consumer durables.  Uncertainty and confusion about my rights only strengthens my desire to keep that policy. 

As a writer, I expect the Kindle is temporarily in my financial self-interest, as it gets more "influentials" reading my work and perhaps talking it up.  In the longer run I suspect it means a lower equilibrium price for books.  One question is whether publishers use "sticky" or inconvenient DRM practices as an implicit collusive method for limiting the spread of Kindle.

Today I was struck by this passage about the origins of Netflix:

Netflix's selection of more than 100,000 DVD rental titles is made possible by the "first-sale doctrine" of U.S. copyright law, which permits buyers of DVDs to lend them out without studios' consent.

In Netflix's early days, its buying team would sometimes purchase DVDs at local Wal-Marts or Best Buys if it couldn't get copies through studios, says Ted Sarandos, Netflix's chief content officer.

In contrast, to deliver movies and television shows over the Internet, Netflix has to license them from studios. So far, it has gotten only about 12,000 titles, a hodgepodge of older films such as "Diehard," episodes of popular TV shows including "30 Rock" and a smattering of new releases.

That's right, we had more innovation because some of the usual copyright strictures about negotiating rights did not apply.  I am pro-copyright, but once again the default settings make it too hard for successful negotiations to occur.