BC TECH
Saved by @jacobhtml

1/ *Centralized* apps building atop decentralized protocols may be the winning combination, each furthering the adoption of the other.

 2/ As many have pointed out, “decentralize all the things” is a mistake. Decentralize the things that benefit from decentralization.
3/ Starting with centralized apps (think @coinbase @circlepay etc), if you’ve been paying attention, they are utilizing an increasing amount of decentralized protocols & open-source crypto infrastructure, to the benefit of their end users.
4/ The realization this week that @coinbase and @circlepay built their #stablecoin on top of @zeppelin_os was another tick in this trend. https://t.co/rpgyQJ8Sdo
5/ Centralized #crypto apps that build upon decentralized protocols have:

-Global capabilities from day one
-Lower costs due to the on-demand and perfect-competition nature of protocol services
-More rapid innovation as they build upon others’ open source building blocks.
6/ Long term, centralized #crypto apps that build atop decentralized infrastructure will find it the key to what allows them to scale beyond, and outcompete, incumbents that fear public networks & cling to owning their infrastructure.
7/ Having covered cloud companies for 3 years & seeing how long it took big incumbents to embrace the public cloud (and some still haven’t), I have a hard time seeing these incumbents embrace decentralized protocols before it’s too late. Their loss.
8/ All of this leaves decentralized apps (#dapps) in hot water. As many have been pointing out, pure-play dapps are not getting much use.
9/ Connection points to end users need to be hyper-responsive, and due to the laws of physics, #dapps are fighting an uphill battle against centralized apps in response times.
10/ Projects like @graphprotocol or Picolo Network (https://t.co/hd1aN5nO0s) are aiming to help #dapps with their response times, but it remains TBD if it will ever be good enough for a human to not discern the lag.
11/ I also think customer service via #dapps is going to be a hard problem to solve, as customer service is high-touch and doesn’t come for free.
12/ Centralized apps in #crypto also currently have the vast majority of *distribution* to the end user, which so long as they continue to remain technologically relevant I have a hard time seeing them cede to #dapps.
13/ For these reasons, if you’re focusing on investing in #cryptoassets (as @placeholdervc is), I recommend focusing on layer 1 protocols, and important middleware protocols atop the layer 1’s.
14/ Look at what protocols the centralized apps are building atop, and getting real utility out of.

Those will have fundamental value, regardless of how much some obsess over “economic abstraction” and “infinite velocity.”
15/ As always, I’m open to being proved wrong, but I feel reasonably confident that in the short-to-medium term it will be the centralized apps that continue to capture most all of the users — longer term, as people work to make dapps more responsive, we’ll see.

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DHH
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Facebook may well be exceptionally nasty and it’s leadership particularly deceitful, but the whole enterprise is the natural conclusion to an ad-powered social network. Ever greater surveillance, hyper targeting, and engagement baiting is what the basic incentives demand.

Facebook cannot change course. The best they can do is keep dishing out empty apologies, commit to inconsequential adjustments to its algorithms, and spend more money on positive PR and negative projection. The rot is at the core of its very being.

This is why we, consumers and citizens, must make the change for Facebook. Antitrust forcing a breakup of the business, and consumer revolt driving #DeleteFacebook. Zuckerberg will never conclude that what he built has become such a net negative for the world on his own.

That’s why its so tragic that WhatsApp sold out to Facebook in particular. Finally a challenger that had a different model and different ethics. But few would say no to $19B, which is why we need antitrust enforcers to do it for them.
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🕵️‍♂️ How Google's PageRank algorithm works

The PageRank algorithm gives each page a rating of its
importance, which is a recursively defined measure of importance, based on if important pages link to it.
It's recursive because the importance of a page refers back to the importance of other pages that link to it

Here's how it works in practice:
1⃣ We start with some pages and crawl them for links


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I could create an entire twitter feed of things Facebook has tried to cover up since 2015. Where do you want to start, Mark and Sheryl? https://t.co/1trgupQEH9


Ok, here. Just one of the 236 mentions of Facebook in the under read but incredibly important interim report from Parliament. ht @CommonsCMS https://t.co/gfhHCrOLeU


Let’s do another, this one to Senate Intel. Question: “Were you or CEO Mark Zuckerberg aware of the hiring of Joseph Chancellor?"
Answer "Facebook has over 30,000 employees. Senior management does not participate in day-today hiring decisions."


Or to @CommonsCMS: Question: "When did Mark Zuckerberg know about Cambridge Analytica?"
Answer: "He did not become aware of allegations CA may not have deleted data about FB users obtained through Dr. Kogan's app until March of 2018, when
these issues were raised in the media."


If you prefer visuals, watch this short clip after @IanCLucas rightly expresses concern about a Facebook exec failing to disclose info.
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Setting up Git/GitHub to work with R/RStudio can be challenging.

Here's a thread to walk you through the process step by step.

This thread also lives in blog post form. #rstats

Preamble: the best overall resource, and one I rely on extensively, is Happy Git with R by @JennyBryan and @jimhester_.

If you have additional questions about Git/GitHub + R/RStudio, this should be your first

The first step to set things up is to install Git.

Chapter 6 of Happy Git with R lays out the process for Mac, Windows, and Linux users.

I’m on a Mac so Git came pre-installed on my computer. I was able to verify that I had Git installed using the terminal in RStudio.


The next step is to configure Git.

This is covered in Chapter 7 of Happy Git with R , though I show what I believe to be a slightly easier process using the edit_git_config() function from the {usethis} package.
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1. One of the best changes in recent years is the GOP abandoning libertarianism. Here's GOP Rep. Greg Steube: “I do think there is an appetite amongst Republicans, if the Dems wanted to try to break up Big Tech, I think there is support for that."

2. And @RepKenBuck, who offered a thoughtful Third Way report on antitrust law in 2020, weighed in quite reasonably on Biden antitrust frameworks.

3. I believe this change is sincere because it's so pervasive and beginning to result in real policy changes. Example: The North Dakota GOP is taking on Apple's app store.


4. And yet there's a problem. The GOP establishment is still pro-big tech. Trump, despite some of his instincts, appointed pro-monopoly antitrust enforcers. Antitrust chief Makan Delrahim helped big tech, and the antitrust case happened bc he was recused.

5. At the other sleepy antitrust agency, the Federal Trade Commission, Trump appointed commissioners
@FTCPhillips and @CSWilsonFTC are both pro-monopoly. Both voted *against* the antitrust case on FB. That case was 3-2, with a GOP Chair and 2 Dems teaming up against 2 Rs.
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