Blockchain and recreational marijuana...

I was recently sitting across the table from an associate who is trying to raise money for a couple of ventures she's involved with and as part of the conversation she said (with a sigh), "If it doesn't have the word blockchain or marijuana in the title of the pitch deck no one cares. Blockchain and recreational marijuana is all anyone wants to talk about".

If you aren't aware, Canada is planning to legalize recreational marijuana July 1st of this year (although the Senate is already saying maybe August), and the speculation and preparation is at a fevered pitch — personally I think when it finally does become legal the shakeout from a business perspective will turn everything into one big hot mess. Blockchain though is something very different — although admittedly I was struggling to understand its potential other than the platform that allowed for the crazy speculation that surrounds bitcoin and its cryptocurrency cousins.

By nature I am not a "tech guy" and rarely an early adopter, but it became apparent after talking to other people (and the recent deal between the social media platform beBee and a blockchain company called Profede) I needed to have a deeper understanding of what blockchain is, and more importantly what blockchain can do.

I wanted to ensure that if I missed any opportunity it wasn't because I was too lazy to become more knowledgeable. 

I've done a fair bit of research so far and I'm just starting to glean the potential of blockchain, although I'm still blind to most of it — I definitely have come to understand why people say it's the next iteration of the Internet though. There will probably be a great many holes in my thinking about blockchain but I wanted to make an attempt at articulating what it is, and more importantly, what it can do. And I think it's best to start with the internet.

The thing about the internet as we know it today is everything can be copied... over, and over, and over again — and because of this the content of the internet has been "devalued" to a point it has no innate value, as well as virtually no level of trust associated with it. Is that beautiful photograph the original or the millionth copy?

Blockchain allows for both trust and value to be created on the internet.

Using very complicated math and a decentralized network of computers, a public ledger can be created that offers what I call "immutable uniqueness" — it allows for the creation of something that can not be copied and is verified (and policed) by a public, decentralized system of users. The need for a third party trust institution (such as a bank) to ensure a transaction is honest is no longer needed. This I understood right away, but frankly I didn't want to be caught up in the very big turf war that is brewing between the currently trust establishments and something so very disruptive.

What I didn't appreciate was blockchain also allows you to create "ecosystems" (economic systems, not ecological systems).

The bi-product of a system that offers "immutable uniqueness" is that it creates something which can be given "immutable value". And I suppose you might as well call it currency because it is inherently used as a reward for any effort in the ecosystem — bitcoin miners are rewarded for all their computer power, brains, and involvement with bitcoin. Blockchain enables ecosystems to be created which allow you, through your "efforts and involvement in that ecosystem" to create currency from the system that unto itself has value — much like a country's economy is reflected in the value of it's currency.

And one last concept that ties this all together — fiat currency.

Fiat currency is defined as a currency established as money by government regulation or law or an ecosystem, and is derived from the Latin fiat ("let it become", "it will become") — simply put, it's a currency that is worth what it is worth because we have decided to believe it is so. How else would you explain bitcoin having a value of $12,804 as I type this?

My biggest problem now is that I'm not imaginative enough to grasp all the ecosystems that blockchain will create — something that is now on my immediate to-do list.

iamgpe

PS: I may be looking at this all wrong, so any help in this regard would be appreciated.

What will happen over the next twenty years...

I have never been much of a futurist — I am more one to muddle through the muck of the moment and work through whatever comes my way. Recently though I've been thinking I should take a different tact because we're in the throws of dramatic change and with that, amazing opportunity. Maybe it's time for me to take pause and think about what the future may hold (and like a good surfer, look for a fine wave to catch). If you have ever attempted to surf you know the best wave is found in the green water — it's where you can catch the wave early, ride it longer, and have more fun.

This is something I am actively exploring and will be quick to ask about.

So I ask you, "What do you think will happen over the next twenty years?"

As I start to explore the green water of the future, here are some of the considerations that have resonated with me so far... be it as opportunities to explore, problems to anticipate, or simply considerations to prepare for (aka adapt to).

• Our natural environment will continue to change, and all that stuff we make will continue to spill over into it. 
• Our symbiosis with technology will continue to a point of physical change and it will blur the lines regarding what it is to be a human being.
• Artificial Intelligence will impact the definition of work and what people do.
• The established structures of trust, power, and government will be challenged by technology and by the evolving definition of work and how people find fulfilment.
• National identity will be displaced by city and corporate states.
• The "networks of connection" will challenge the ability of people to connect, relate, and trust at a personal level.
•  We will live longer, but probably not healthier.

As I say I am no futurist so this is a conversation I am eager to have with anyone who has some thoughts. Please let me know what you think (or know) — it's greatly appreciated.

At this point, all I know is we are on the cusp of substantial change, I want to be part of it, and a person can do amazing things in twenty years.

iamgpe

Fulfillment, happiness, and reward...

The other day I was wandering around one of the local artisan boutiques in my neighbourhood and came across a young woman preparing for spring — with Christmas behind us the next big commercial event is SPRING, and as you know, the commercial machine is well oiled to sell us something. I suppose we do need somewhere to direct our tendencies.

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I could not help but take a moment to watch her put the final touches on what she was doing — I will admit it was visually stunning, and the positive energy that was coming from someone doing something they love was "palpable" (and infectious). As I watched, she caught my eye and smiled at me; she looked back to what she was doing and then bounded over to someone I can only assume was her boss. Their conversation seemed full of positive energy.

As I looked back at what she had done, I could not help but think that she definitely has talent, seems to very much love what she is doing, and has a long runway for success.

"Do something you love, get really, really good at it, and the money will follow"

I can't remember if I read this or if someone mentioned it, but it still resonates to this day. And I believe it to be true!

There is a self-awareness and an understanding of where your strengths lie that is needed — knowing what you are good at, and conversely what you are not so good at, is important. And just as important, the definition of your strength needs to be yours and not anyone else's (and most definitely not with what you see on the internet). HAVE THE SELF-AWARENESS TO UNDERSTAND YOUR STRENGTHS.

It should be pointed out, particularly if you are under thirty, that there is a big difference between being good at something and its other advanced iterations — great, elite, master, expert, best, number one... and the ever popular "best ever in the whole, wide, world". The advancement of good takes practice, work, continued development, coaching, more practice, more work and time... lots of time. WHEN YOU FIND YOUR STRENGTH, YOU NEED TO UNDERSTAND THAT PRACTICE, HARD WORK, AND TIME IS NEEDED TO GET REALLY, REALLY, REALLY GOOD.

Share what you are doing with people and discard the concept of perfect. Everything we do is an evolution from good to great. In fact, there is something to be said about watching your progress — it's motivating; not only for you but also for those who may be watching you. IF YOU WAIT FOR SOMETHING TO BE BULLET PROOF IT MAY NEVER GET DONE — GET YOURSELF STARTED, SHOW PEOPLE WHAT YOU CAN DO, AND KEEP DOING IT.

Get the most out of your strength — BUILD A BUSINESS, BE THE EXPERT PEOPLE WILL SEARCH OUT, OR FOR THOSE WHO ARE WILLING TO LISTEN... TALK TO THEM.

And one more thing, if you leverage your strengths, do what you love, and the reward never comes the way you think it should, you still have fulfillment and happiness — and let me say that if you have this, you pretty well have everything.

I wonder where that young woman will take her talents over the next thirty years?

iamgpe

Bloggers note — when I sent the first draft of this blog to my daughter her response was, "Dad, that's not exactly what happened". To that I suggested it was artistic licence on my part. Her response was something about the integrity of information on the Internet. So in the spirit of not feeding "fake news" and staying a hero in my daughter's eyes, I will say the young woman is my daughter — I didn't watch her put the commercial merchandising display together or watch her bound over to her boss (although I was told her boss did like her work). The picture is real, and the thoughts on Fulfillment, happiness and reward" are mine. In the end, my position is I'm practicing my creative writing skills to tie all of this together.

What can I say, I'm a loving father — sue me.