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A Warning to Fortune 1000 CEOs: The Mobile Crush Cometh

CEOs are busy. It's easy to be distracted with competing priorities coming from all directions. But there's one darkhorse mega-trend that I believe will catch many CEOs by surprise, and even cause some of them be fired by their boards for missing it: The Mobile Crush.

Two years ago, I did an in-depth screencast describing why I believed mobile would be way bigger than most people realize. And now the crush is starting in earnest.

There's a great quote by Mark Pincus, the CEO of Zynga in an article today by the New York Times:

Reply to Why You Should Probably Buy Bitcoins

On Danny Schmidgall

Alas, while I would like to say that there is a single one-stop shop about bitcoins, there is not. As a general rule, avoid most news articles, as many are inaccurate, oversimplified, and repetitive.

As a background, read what a crytographic hash function is and how RSA cryptography works. You don't need to know every step of the algorithms, just what their inputs and outputs are, as the algorithms are purposely designed to be so complicated that nobody knows everything they do (that's the reason for a hash function).

Teach yourself the basics of bitcoin mining, transaction fees, and the blockchain.

For development, I would focus on locating things produced by specific sources who are involved in the development of bitcoins. Read anything written by Gavin Andressen, as he is the primary developer of bitcoins at the moment and everything I've read from him seems to be accurate. Review his plans for development in bitcoin version 0.9, and find his roadmap for future features.

Research the current technical issues facing bitcoins. The only issue I see that can prevent bitcoins from becoming the world currency is the 1MB transaction limit. Get an understanding of how it takes 95% to upgrade the network to get rid of the 1MB transaction limit, and how bitcoins may have already passed the point where everyone can agree on a solution to this issue. Also, read about mining pool centralization.

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