Faiā Newsletter #049
|Nov 22, 2019|
From our Managing Director:
This week I was in Manila, Philippines, to speak on behalf of one of our clients at Techtonic Summit. The talk was part of a panel discussion on scaling communities. I shared a bit about my philosophy on building productive communities, which is based on my love for wolves. Essentially, when building communities, wolves taught me 5 principles: rituals, communication, identity, innovation, and harmony. It seemed to resonate with a fair few audience members, as I received a collection of messages after saying how much they could relate. More to come on this in the new year, especially in terms of how it relates to Bitcoin. (You’ll find the link to the talk at the end of this newsletter.)
Our Head of Technology also published his second blog post in a series called Saving Charity (see end for link). In this series, he lays out how Bitcoin can help aid charities in their aims to improve transparency, accountability, and general good in the world. It’s an interesting topic as there have been countless communities who have been aiming to “solve” this problem with their own blockchain projects. What will be interesting to see over the next few decades is who was able to actually solve anything with thousands of blockchains in the wild.
According to Global Market Insights Inc., the “blockchain market” size is set to expand at a massive CAGR of over 69% from 2019 to 2025. So although we’re happy to hear this, we’re also concerned for many of the blockchain projects that are building on shaky foundations or more hype than substance. South Korea is upping its efforts to stamp out unregistered crypto exchanges (with 8 exchange execs jailed already for a USD$386m fraud), CoinUp CEO faces 16 years in jail, and the most popular crypto exchange of them all (Binance) is ignoring crypto ban plans in India.
Billionaire Tim Draper recently said, “technologies like blockchain and artificial intelligence (AI) are disrupting the most important industries and the government itself.” I would agree, but we are still a long way away from seeing what technologies such as blockchain and AI (both buzz words of the day) will truly be capable of. They say it takes around 30 years for humans to adopt any significantly new technology, no matter how fast we scale things. As such, we can expect 10-20 more years of unrealized potential in Bitcoin, AI, and even charitable innovations. We’re excited to see what’s next.
Go light the world on faiā 🔥
George Siosi Samuels
Managing Director, Faiā
📚 What We’re Reading…
Here are a few articles that struck our team the most this week:
🔬 Faiā Insights
Latest insights from the team:
📖 [BLOG] Saving Charity (2/6): Rise of Big Charity by Brendan Lee
▶️ Connected a packster with a client, which resulted in this video. Content is relevant (community, from a founder perspective)
🙌 Friends of Faiā
Missed it? Here’s the link:
Click below to learn more:
📰 Client News
📅 Featured Events
(22/11) Third Culture Meetup at Tribe Theory Singapore
(28/11) Celebrating Success: How To Apply Group Productivity at Tribe Theory Singapore
Quote of the Week
“Being too self-centred can give rise to anxiety and depression. An effective antidote is to cultivate a sense of altruism, taking the whole of humanity into account. Appreciating the oneness of humanity leads us to recognise our essential equality as human beings”
- Dalai Lama
Faiā is a management consultancy specializing in community & tech. We help scale-ups build communities, improve productivity, and integrate emerging technologies (such as blockchain). We were the first in Asia-Pacific to offer exclusive Bitcoin (BSV) integration services and are advocates of Community-Centred Design. Visit our website to learn more.