Sublime

Take TV as an example. Nielsen uses a dataset of 18,000 to 30,000 people to measure the viewing habits of 200 million plus Americans. In a world of fragmented consumption, no sophisticated math can account for all the inherent anomalies, and you are left with high-grade, nonrepresentative “data.”

http://knowledge.wharton.upenn.edu/article/the-experts-vs-the-amateurs-a-tug-of-war-over-the-future-of-media/.

Davidson and Rees‐Mogg predict with remarkable prescience the form that the new digital monetary escape hatch will take: cryptographically secured forms of money independent of all physical restrictions that cannot be stopped or confiscated by government authorities.

a system that detected copyright violations by automating searches for duplicates of documents. “He came up with some good algorithms for detecting copies,

But if the facts were elusive, the digital world had transmitted half-truths and lies at a speed and scale that would have been unimaginable even a decade earlier. The patient work of journalists to take time to discover what actually happened was buried in the avalanche of rumour – and then invisible except to the relatively tiny minority who stil

Power laws rarely emerge in systems completely dominated by a roll of the dice. Physicists have learned that most often they signal a transition from disorder to order. Thus the power laws we spotted on the Web

Content is a commodity. Now it is no longer scarce. It is abundant, unlimited. Thus, it has lost its value.