Exactly. It’s not just Google the company, it’s the whole system of people creating Web pages, linking those pages to each other, and then the Google algorithms that analyze all that knowledge and give you amazingly intelligent answers. That system is a great example of collective intelligence—in this case, one that’s dependent on very high-tech algorithms and vast amounts of computational resources.
Google and Wikipedia are just scratching the surface of whole new kinds of organisms —economic organisms or even information organisms— that will spread around the globe doing the things that we take for granted in radically new ways—and doing things that were never even possible before.
Meta
-
Recent Posts
- Native apps are reigning on mobiles, but Jakob Nielsen strategically bets on web apps. — [LINK]
- Steven Krivit continues to trash Andrea Rossi and his LENR technology. — [LINK]
- Interview with Adam Lashinsky — [VIDEO]
- Why some people are more innovative — [VIDEO]
- Forbes editor deciphers Steve Jobs’s Apple. — [VIDEO]
- Jason Ruspini rebuts Eric Zitzewitz on the regulation of political prediction markets. — [COMMENT]
- Eric Zitzewitz petitions the CFTC in favor of real-money prediction markets about politics. — [TEXT]
- Global warming is a big scam. — [LINK]
- A Swarm of Nano Quadrotors — [VIDEO]
- The Tragedy of the Commons — [VIDEO]
- Guy Kawasaki on Steve Jobs — [VIDEO]
- Inside Apple — [VIDEO]
- Mitt Romney’s taxes — [LINKS]
- A critique of Apple’s multimedia iBooks. — [LINK]
- Does Apple lack “generosity”? — [LINKS]
- Apple Education Push — [LINKS]
- Water Crystals — [DOCUMENT]
- Apple’s e-book software will allow publishers to make textbooks more interactive. — [LINKS + VIDEO]
- Alain Soral is France’s most dangerous intellectual… (dangerous for the French plutocrats, that is). — [VIDEO]
- Computers thru time — [CHART]
Malone: “Little bits of time from thousands of people pursuing their hobbies can produce substantial new things—Wikipedia, YouTube, etc. It used to be people pursued their hobbies in a non-cumulative way. You play basketball, I collect stamps. We’re each having fun, doing our thing, but there’s no cumulative result.
But when the communications cost falls so dramatically, it becomes not just possible, but pretty easy for each of us pursuing our hobby to do so in a way that has a cumulative result and produces something of value. That’s a pretty new thing in the world. ”
This is the story for DIY play money prediction markets, engaging prediction market hobbyists on both the content product and consumption side of the market.