11 · 27

Seriously @mastercard - why would you turn off customers in the first field itself?

Mastercard_priceless_cities__mastercard-2

ux
11 · 27

Woke up an hour back. Should I shave or head for some dim sum? Can't do both obviously...

10 · 15

Some Siri stuff

(download)

I'll keep adding any interesting stuff Siri says
10 · 08

Weird money

This falls outside the usually technical or at least tech related nature of my posts. But it's something I don't understand and I'm intuitively taking a very technical approach to learning about it.

L_100

I cannot comprehend finance. I truly cannot. I can build and understand complex software + network architectures but finance is a mystery to me and I always have felt pretty 'thick' when I hear my much younger cousins discussing their killing on the stock market or the latest ETFs or ask me about my portfolio (what portfolio?). If you are reading this, cousin PK and you thought we had an intelligent discussion, it's because I am an amazing faker - it's unfair that I can never list that on my otherwise hollow looking linkedin profile.

I have started looking into this new world of finance and don't quite like what I hear. I have never been able to make purely profit based judgements of any matter big and small and this is getting to be an issue with the financial system as well. What does it produce? How can you create nothing but be able to make the most money in it? Simply put, how can money 'create' more money without any intermediate product or step as an outcome as well?

I need to start at genesis if I have any hope of understanding a subject and so I have started at the beginning - or atleast a recent beginning and this shit is crazy. In my mind, there is no such thing as perpetual energy - you cannot produce or consume anything without a by product or cost. But the last 30-40 years has seen the emergence of what is called 'Financial Innovation' or 'Financial Engineering' - which has made made possible producing money from money without any actual product involved!! How neat. Not really. That neatness has apparently translated into the global chaos we see now. 

Co-incidentally, I listened to the 'How money got weird' podcast on NPR's Planet Money this week and something clicked for me - I wasnt the only one who thought this stuff would be funny if it didn't basically mean armageddon. Apparently many people have clued into this a long time ago and I am just discovering it now because I am new to the subject.

Also watched Inside Job on netflix yesterday and it only re-iterated the 'this stuff is ridonkulous' message. 

If so many 'experts' think it is fucked up now, how the fuck did we get into this mess??

Both Planet Money and Inside Job featured a commentator Satyajit Das - who seems to be one of those crucial spectators of the last few decades who both participated and observed the transition of Financial services from a service industry to a primary industry and is able to lucidly document and talk about it.

I just bought his latest book 'Extreme Money' and it's proving to a fascinating read as well.

So...I have totally digressed from my original goal of understanding the financial system so I can 'diversify' my portfolio (I'm just copying what my nouvea rich friends say). But this is far more interesting than making money any day - or at least till the day when I find my bank account empty again.

Also, I have a certain revulsion - immature according to my father - to making money without creating something or at least producing something. Far away from what I am learning about the global financial system, perhaps the stock market is about showing faith in companies that produce and helping them produce by investing in them. I hope so. But that doesn't explain what many people around me do - this thing called 'day trading'. What's that about?

I've been told that my general engineering/knowledge-based approach to life and knowledge of various verticals makes me a potential money-spinner. When I hear that, I sit back in my chair, cross my legs,  nod sagely but don't reveal that I don't even know where to begin. I don't know but I am slowly cluing in and I recognize right now is that I need to understand this stuff a little more before I can even know if this is something that produces value.

Any gurus who can help me fast track my enlightenment so I can get started making money? Or I could just stick to my plan, work 20 hour days and create a company that makes me a lot of money (or not).

OK, must listen/watch list from this post:

  • Last week's Planet Money podcast 'Wierd Money'. Planet Money, This American Life and in general most NPR podcasts are delicious listens. Their accompanying blogs are equally tasty. Must must subscribe if you are a podcast sort of person. If you are not, these podcasts are a great introduction to podcasts.
  • Extreme Money, the movie. If you are on Netflix (Canada), you already have access. If not, go to your neighbourhood Blockbuster. Oh wait...(Snap!).
  • Another generally top notch and related podcast - Freakonomics radio
10 · 07

Daring Fireball: Universe Dented, Grass Underfoot

Universe Dented, Grass Underfoot

Thursday, 6 October 2011

After the WWDC keynote four months ago, I saw Steve, up close.

He looked old. Not old in a way that could be measured in years or even decades, but impossibly old. Not tired, but weary; not ill or unwell, but rather, somehow, ancient. But not his eyes. His eyes were young and bright, their weapons-grade intensity intact. His sweater was well-worn, his jeans frayed at the cuffs.

But the thing that struck me were his shoes, those famous gray New Balance 993s. They too were well-worn. But also this: fresh bright green grass stains all over the heels.

Those grass stains filled my mind with questions. How did he get them? When? They looked fresh, two, three days old, at the most. Apple keynote preparation is notoriously and unsurprisingly intense. But not so intense, those stains suggested, as to consume the entirety of Jobs’s days. There is no grass in Moscone West.

Surely, my mind raced, surely he has more than one pair of those shoes. He could afford to buy the factory that made them. Why wear this grass-stained pair for the keynote, a rare and immeasurably high-profile public appearance? My guess: he didn’t notice, didn’t care. One of Jobs’s many gifts was that he knew what to give a shit about. He knew how to focus and prioritize his time and attention. Grass stains on his sneakers didn’t make the cut.

Late last night, long hours after the news broke that he was gone, my thoughts returned to those grass stains on his shoes back in June. I realize only now why they caught my eye. Those grass stained sneakers were the product of limited time, well spent. And so the story I’ve told myself is this:

I like to think that in the run-up to his final keynote, Steve made time for a long, peaceful walk. Somewhere beautiful, where there are no footpaths and the grass grows thick. Hand-in-hand with his wife and family, the sun warm on their backs, smiles on their faces, love in their hearts, at peace with their fate.

_____

I would always hesitate to quote John Gruber on opinion but this is beautiful, insightful and hopeful http://oranj.us/4u

10 · 05

Apple.com homepage right now - powerful image

Click here to download:
PastedGraphic-1.pdf (420 KB)
(download)
10 · 05

Thank you

It is at these times that I lean on what little Dhamma I practice. It is time to be mindful, Mindful coder. If one does not remember death, one does not remember Dhamma. This is a time for Dhamma.

Steve is once said to have said "Life is brief,  and then you die,  you know?, And we’ve all chosen to do this with our lives. So it better be damn good. It better be worth it.”

Fuck, it was. Fuck, you are gone. 

10 · 05

Perka aims to punch-out physical punchcards with mobile app - via The Next Web

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Perka and similar alternative payments/loyalty startups always bring up a feeling of complexity because this space can be extremely challenging to get right. Trying to think through some factors that are crucial
- Geography which immediately implies the need for a sales force that needs to engage merchants across many diverse cities and markets.
- Which immediately makes scaling a factor of complexity
- Assuming you have a driven & creative sales force and an awesome loyalty product that somehow gains traction with some critical number of merchants in various industries, to make money you need to build into and integrate into the larger alternative payments ecosystem.
- Which means that at some point you have to deal with and integrate into financial institutions, merchant networks and the likes.

Towards dealing with and planning for this complexity, I would love to work for two types of companies in my future - alternative payment/loyalty companies and large scale computing companies. Both roles are towards preparing for complexity - one more engineering focused and the other more entrepreneurship focused. But both problems of architecture.

10 · 05

Choosing A Minimally Viable Co-Founder

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Sage advice on choosing a co-founder.

04 · 12

Robert Love: iPhone OS 4 and Multitasking

What did Apple announce? A lot of spin, actually, but also two simple features. These features do not allow third-party applications to multitask. That is, on iPhone OS 4, as with now, only one applications runs at a time. What these new features do enable is functionality that fulfills many of the same use cases as multitasking. Let's look at them:

Services. Apple is adding a set of service APIs that allow background processes access to a subset of the device's functionality. Such services have access to, at least, notifications, geolocation, deferred computation, VoIP, and media playback. Having a service API limits the ability of background applications to run errant and destroy battery, but that is not a primary concern. As I stated in my previous post, the real concern with multitasking on an embedded, swapless device is memory consumption. Battery life is a straw man. So how do services solve the memory consumption problem? Alone, as described in the event, they don't. But iPhone OS will continue to kill applications that leave the foreground. Thus, applications will need to be refactored to provide a background component that only uses the new Service APIs. Without the risk of unbounded multitasking, memory pressure is greatly relieved.

Serialization. This was tacked onto the end of the discussion of the new services API, as if it was another service. But it is not. Described as "fast app switching" during the event, this is essentially a serialization API. When apps exit, they may choose to save their state to the backing store. When they restart, they reload this state. iPhone OS provides a simple object serializer today, called NSCoder. It is unclear if Apple is just pushing for better use of this class, or if they are adding additional APIs to make serialization both easier and more powerful. Either way, this will make it appear as if applications are actually multitasking—even though they are not—by allowing them to recover their exact state on restart.

So what about these solutions is "gonna be the best?" Nothing. In fact, what was announced is not even multitasking. Moreover, the new functionality isn't anything that other platforms don't offer today. Android, for example, provides excellent support for both of these features via Services and Bundles, respectively. The new iPhone APIs are not novel. But, despite the spin, that isn't what matters. All that matters is the user. If these APIs are sufficiently robust, they will benefit the user by enabling developers to make better apps.

This post by Robert Love is an excellent understanding of what Apple has very loosely termed "Multitasking". I think Apple's implementation is smart but I don't think its true multitasking. However I don't think true multi-tasking is feasable at this point in time given that the bottle neck isn't the complexity of implementation, its the battery technology available.

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