From the Managing Directors’ desk:
Another week goes, another week comes.
Since we last spoke, announcement of our new Head of Technology, Brendan Lee, made it on to Coingeek.com; our new Head of Innovation, Sagar Tandon, got featured by Tribe Theory Media (one of our clients); and Facebook launched its very own cryptocurrency, aptly named Libra, which means “scale/balance” in Latin.
Ironically, Facebook’s Libra project is already being called a huge risk to global financing (tipping the scales?). Bitcoin was meant to be that threat, but since 2008, a lot of things have happened behind the scenes that have led to this point.
With the announcement of our new Bitcoin integration services, we signal a doubling-down of our focus on Bitcoin. Why? Especially when Facebook has just launched its own competitor? Well, we’re at a cross-roads.
One of the appeals of Bitcoin is its decentralization. James A. Garfield, 20th President of the United States, once said: “He who controls the money supply of a nation, controls the nation.” To date, most governments have held the ability to print or reduce money supplies at will. It’s also been one of the causes of our global financial problems.
To date, no one has figured out a way to make the actual issuing of money (technically) owner-less, until Bitcoin was birthed. However, it was always a social experiment. Time is closing in. If certain things don’t happen by certain dates, the Bitcoin experiment may truly die, and we may experience a new central power of the next age: Facebook. This coincides with the push to break up Big Tech.
The reason we continue to focus on Bitcoin is because we know that Facebook has already infringed on almost 50 patents that belong to nChain, a proponent of Bitcoin (SV).
We continue to watch this space because what ends up happening, in our opinion, will determine the trajectory of the next few hundred years. The tech itself is fascinating and paradigm-shifting (more on this over the next 6 months), but the people-side cannot be ignored. This will be one massive “change management” exercise, which will span decades (or centuries).
Who will the scales favor in this next age? Will we learn from our past?
Speak soon,
George Siosi Samuels
Managing Director, Faiā
📰 What We’re Reading…
🔥 [TECH] Unfriending Facebook: New Research On Why People Like Facebook Less. Facebook certainly seems to be hogging the headlines recently. This is predominantly because of how big it’s become globally. With its history of privacy fumbles, many in the West are starting to remove themselves from the platform. This articles explores why (noting that Facebook continues to grow elsewhere, despite this news).
🔥 [PRODUCT] Stop trying to create the next Facebook or Amazon. The story of Zoom founder Eric S. Yuan is an entrepreneurial fable that proves even the most crowded markets are never truly full.
🔥 [PRODUCTIVITY] Why employee experience engagement software will be a hot space. Customer experience has received all the attention, but employee experience may be another important software category. The problem? There are dozens of vendors coming at employee experience from different angles.
🔥 [COMMUNICATION] How to give candid feedback. A candid video on candid feedback, something all teams and organizations should learn how to do in order to elicit truth out of their people.
📺 Featured Article
Our Head of Technology, Brendan Lee, explains the concept of Metanet, which is the next “phase” for Bitcoin.
Quote of the Week
“One of the major issues plaguing human potential in the corporate world today is work-life balance. The term itself diminishes our ability to make the case that work can be a richly rewarding part of a person's life and should in many ways be personal.” ~Matthew Kelly
Faiā is a management consulting firm that specializes in Community-Centred Design (CCD) and blockchain integration. We are the first company in Asia to offer Bitcoin (BSV) exclusive integration services. Our mission is to bridge gaps between people and technology, one community at a time. Visit our website to learn more.