A THREAD on interesting ideas from the book "The Future is Faster than you Think" by Peter Diamandis & Steven Kotler:
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The real power of a user-friendly interface — it democratizes technology.
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Think about the internet itself.
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The point is this: being able to see around the corner of tomorrow and being agile enough to adapt to what’s coming have never been more important.
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Every time a technology goes exponential, we find an internet-sized opportunity tucked inside.
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Most organizations think the key to growth is developing new technologies and products.
But often this is not so.
To unlock the next wave of growth, companies must embed these innovations in a disruptive new business model.
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While we will see a future in which the rich may be living on Mars & accessing the latest in longevity treatments, this goes hand-in-hand with a future where everyone on Earth has increasingly low-cost access to food, energy, water, education, healthcare, and entertainment.
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Vietnam wants retail to be 90 percent cashless by 2020.
Sweden, where over 80 percent of all transactions are digital, is almost there.
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A seven-year-old named Ryan, the star of Ryan ToysReview, takes in over $22 million a year, earning him the number one spot on Forbes’s list of highest paid YouTube entrepreneurs.
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In 2018, an AI ran for mayor of a province in Japan.
It didn’t win, but the race was a lot closer than anyone expected.
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How fast is 5G?
With 3G, it takes forty-five minutes to download a high-definition movie.
4G shrinks that to twenty-one seconds.
But 5G?
It takes longer to read this sentence than it takes to download that movie.
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At the turn of the Industrial Revolution, the richest people on the planet didn’t have air-conditioning, running water, or indoor plumbing. They lacked automobiles, refrigerators, and telephones. Today, even folks living below the US poverty line draw on these conveniences.
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Once a technology becomes digital—that is, once it can be programmed in the ones and zeroes of computer code—it hops on the back of Moore’s Law and begins accelerating exponentially.
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“Six Ds of Exponentials” or the growth cycle of exponential technologies:
Digitalization, Deception, Disruption, Demonetization, Dematerialization, and Democratization
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By allowing us to test new compounds inside a computer rather than a laboratory, AI collapses discovery times from years to weeks.
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A THREAD on insightful timeless ideas by Ludwig von Mises:
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Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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Once the principle is admitted that it is the duty of the government to protect the individual against his own foolishness, no serious objections can be advanced against further encroachments.
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Under capitalism, the common man enjoys amenities which in ages gone by were unknown and therefore inaccessible even to the richest people.
But, of course, these motorcars, television sets and refrigerators do not make a man happy...