Paul C. Williams

Interfacing Technology & Business
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Friday, March 21, 2014

Money vs. Wealth: a comparison

Much thanks to Deepak Chopra MD.  He wrote an article that recently appeared on LinkedIn titled "How to Live the Difference Between Money and Wealth".  This article succinctly describes the gap between having money and leading a happy existence.  As a fan of bullet points, the following segment was very meaningful.  I quote:
You are in a wealth mode when any of the following are present:
  • You fulfill a worthy need.
  • You are the steward of money, not its slave or master.
  • You deliver the greatest good to the greatest number.
  • You add to the meaning and purpose of life, both your life and the life of others.
  • You benefit the planet rather than despoil it.
  • You raise the level of consciousness in society.
  • You have a vision that will live on after you are no longer here.

Monday, February 24, 2014

Context and Access Trumps Incentivizing Innovations

According to a recent Harvard Business Review blog posting, adding rich incentives for innovation yields at best mediocre and unusable ideas.  It's my guess that people who can and do innovate will do so because it is in their nature, not because they need an external incentive. Others who are motivated by external incentives are only capable of seeing minor improvements.

Perhaps instead if those people are instead given a loftier context and direction for innovation they will find inspiration to solve bigger problems, and find their own motivation for true innovation.

Friday, February 14, 2014

Monday, December 23, 2013

Bitcoin is going mainstream

This morning I read on Forbes that Overstock.com is going to start accepting bitcoin payments, probably through Coinbase or Bitpay.  These two companies are really poised to rake in all the spare nickles floating around the market.

In related news, Belgian mobile telecom Mobile Vikings is also accepting bitcoin payments.

This is really good for the stability of bitcoin, which will see the wild deltas in valuation start to settle down as soon as there's a few arbitrage experts around to take advantage of any deviations from real value.

This is following my predicted model for bitcoin stabilization, and someone is making a ton of money.

Friday, December 20, 2013

Of whales and sardines: sales in professional services

Spend long enough in a professional services project environment, and you'll notice a tendency over time to chase "whales".  Large projects with expansive scope that look great because of their big price tag. These projects also tend to be very complex, with many moving parts. Whale projects require a higher staffing level, so more management oversight. The customers are more demanding and have more quality issues.

I'd like to take a moment to contrast that to a sardine project.  Sardines by contrast are simple creatures. They have similar needs to one another, and are often found in groups.  Professional services organizations often start out with sardines, but are tempted to move toward whale projects as cost structures start to balloon before efficiency measures and economies of scale kick in.

While a whale might provide meat for a village and any one sardine isn't very interesting or filling, but if one is efficient enough at pulling a volume of sardines at a time, it might just be as valuable as that whale you spend so much effort hunting, trapping, catching and butchering.

Image credit: Karen Kasmauski & Getty Images/Science Faction

Wednesday, December 18, 2013

Why do websites still have local log-in systems?

I was shocked today when perusing the PC Pro website, that they still require you to create an account on their system to post a comment. To be fair, I'm not contesting the usefulness of having an authentication mechanism. It keeps us a little safer from anonymous diatribe and vitriol.

But why would PC Pro or any other website want to maintain a safe authentication scheme, manage user accounts and all that when the apparatus of Google, Yahoo, Facebook, Twitter and others can be used so effectively? They're easy, cheap, effective and secure enough for most general use applications on the net.

Tuesday, December 17, 2013

Arbitrage opportunity for bitcoin payments

I see a huge opportunity coming up. Retailers everywhere are (always) looking for a cheap way to attract more purchases without huge valuation fluctuations. Bitcoin owners want to determine a practical and legal use for their currency. Bitcoin values are trending up rapidly. With demand and fluctuation comes arbitrage opportunity.