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Academia still doesn’t get the social media revolution

Academia still doesn’t get the social media revolution

An assistant college professor named Zeynep Tufekci published an OpEd in the New York Times with the theory that social media is as helpful for organizing protests as it is hurtful to them. Because her understanding of social media is more Snapchat than Reddit, she offers that the Occupy Wall Street rally and the Tahrir Square protests failed to keep our attention because they were not organized in a fashion similar to the good old days of paper pamphlets and phone calls. New media, in her view, does not build infrastructure for “sustaining momentum.”

In fact, building new types of media infrastructure to support social causes has taken on a new urgency in places like Turkey, where the citizens’ access to Twitter has been limited. Business Insider reports people are getting around the ban by using anonymous VPNs and working text messaging services. Any website manager will tell you how dramatically their clients’ causes have been burgeoned due to the construction of strategic media infrastructure that innovates their old newsletters and brochures. History has shown again and again that innovation in technology evolves the way we effect change within our institutions – we just can’t fully appreciate it at the time. Gutenberg invented the printing press in 1445, but it’s the pioneering of how this process was used that impacted all our social and religious institutions in the centuries following. Antonio Meucci should have been credited with inventing the telephone, but it was Alexander Graham Bell who is commonly credited with inventing the device that commoditized voice communications.

Zeynep in The New York TimesProfessor Zeynep Tufekci joins a list of nearsighted educators (yes, they were all teachers) who just couldn’t grasp the impact of technology and the Internet:

  • In 1995 physics teacher Clifford Stoll famously wrote an article for Newsweek predicting the Internet would fail: “The truth is, no online database will replace your daily newspaper, no CD-ROM can take the place of a competent teacher, and no computer network will change the way government works.”
  • In 2007 media teacher Bruce Sterling was quoted in the New York Times:
    “Using Twitter for literate communication is about as likely as firing up a CB radio and hearing some guy recite ‘The Iliad.’ ”
  • In 1997, Gordon College trustee Ken Olsen was quoted during a 1977 World Future Society meeting in Boston:
    “There is no reason for any individual to have a computer in their home.”
  • In 1995, Robert Metcalfe, Professor at the University of Texas, published an article in InfoWorld with the following prediction:
    “The Internet will soon go spectacularly supernova and in 1996 catastrophically collapse.”

New media like Twitter and Facebook, according to know-it-all academia, does not build infrastructure for “sustaining momentum.” Time will tell the story of their errors.

How to make money with old domain names and websites

How to make money with old domain names and websites

Website managers are missing out on free money by ignoring their infrequently used websites and domain names. Services like CashParking will pay you up to 80% of the advertising revenue on your parked domain names and websites, although the upfront cost for the GoDaddy.com program means you better be sitting on a good URL. A better option may be Amazon Associates, which allows you to manage links and banners on your website or parked URL, earning up to 10% on purchases made during a user’s shopping session. Amazon offers total control to the website manager, and Darren Rowse claims to have made $119,725.45 by using their tools.

Where past empires were built on print, radio and television advertising, Google continues to rake in billions by evolving the advertising paradigm on the Internet. For this reason all website managers should be actively leveraging Google Analytics for the purpose of their bottom line. A website manager who doesn’t use Google Analytics is like a teenager without an iPhone.

If modern algorithmic marketing strategies seem overkill for what you want to do, just consider the way traditional advertisers spend money. Pick up a newspaper and it’s obvious what advertisements go where. Calculated guesswork for placing your own advertisements on a website are the same. For instance, segmenting a blog by categories of advertisements can align nicely with your own posting categories.

Don’t over complicate the advertising process. It starts as simple as placing your first banner and watching the statistics make you money or not. With success comes learning and before you know it, you’ll need algorithms to keep track of all the clicks.

How to counterfeit money

How to counterfeit money

Photoshop has a built-in algorithm that locks the program when an image of money is opened. Google offers a plentiful selection of stock photos to get the counterfeiter started, however.

According to the Secret Service website it’s not illegal to take pictures or scan United States Currency provided that it is used to print counterfeit money “of a size less than three-fourths or more than one and one-half, in linear dimension, of each part of the item.” The bill also has to be printed one-sided, then the digital copy destroyed. Photos of coin, in their original size, may be used for any purpose. The only legal way to counterfeit money, according to the United States Secret Service, requires counterfeiting nickels and pennies. Here’s the official invitation:

Anyone who manufactures a counterfeit U.S. coin in any denomination above five cents is subject to the same penalties as all other counterfeiters. Anyone who alters a genuine coin to increase its numismatic value is in violation of Title 18, Section 331 of the United States Code, which is punishable by a fine or imprisonment for up to five years, or both.

The Central Bank Counterfeit Deterrence Group (CBCDG) is responsible for pressuring Photoshop and most photo editing programs to adhere to its counterfeit deterrence system (CDS).  While Photoshop doesn’t let you import images of currency, there’s no preventing coinage.

Despite the Secret Service’s invitation to counterfeit nickels and pennies, history proves the government unfriendly when the minting goes beyond a simple garage hobby. New Jersey native Francis LeRoy Henning pawned 100,000 nickels before drawing the ire of Uncle Sam. His 3 year jail sentence and $5000 fine didn’t warrant the investment.

The eponym: a marketer’s holy grail

The eponym: a marketer’s holy grail

An eponym or “name giver” is someone or something that becomes synonymous with the service provided. I was playing Wiffle Ball® with a Hacky Sack® while eating Granola® and Beer Nuts® until it was time for TV Dinners® next to our Fiberglass® Jacuzzi®. Using these generic terms pejoratively could raise the ire of these corporations’ trademark lawyers, but used passively the businesses are thrilled. After all, it’s the first thing you think of the next time you’re buying toys, food or outdoor tubs.

The world’s very best Internet branders and marketers realize the pinnacle moment for their product comes when the greater public adopts their proper nouns in common language. And it’s happening even as we speak. Googling has become eponymous for any Internet search – blogging, facebooking and tweeting are other eponyms, each recently integrated within our daily language while a younger generation may not even realize their origins. Perhaps the litmus test for measuring weather something is truly revolutionary comes down to the eponym.

Eponyms that have arrivede

  • Ebay – “You should ebay that Hermes scarft” (Excellent)
  • LinkedIn – “Are we LinkedIn?” (Excellent)
  • Apple – “Is there an App for that?” (Holy Grail)
  • Pinterest – “Pin it on your site” (Holy Grail)
  • PayPal – “Send the money online” (Holy Grail – because it’s the default)
  • Google – “Google him immediately!” (Holy Grail)
  • Facebook – “Friend me and we’ll go out” (Holy Grail)
  • Upworthy – “Your kitten pictures are upworthy” (Holy Grail)

Finding its footing

  • Bitcoin – “Bitcoin that drug money out of Colombia!” (Also synonymous with “get a lawyer”)
  • Instagram – “Instagram me that picture, please” (Good, if you want sepia pictures)
  • Amazon – “What about buying that new book for the beach? Prime it!” (Catching on)
  • YouTube – “I saw it on YouTube” (Expect a 2 minute shaky video)
  • Netflix – “I watched it on Netflix (A crappy movie or great television show)
  • Wikipedia – “Look it up on Wikipedia” (95% accurate)
  • Tumblr – “My social life doesn’t exist because I’m always on tumblr” (True)
  • Craigslist – “She found it on Craigslist” (She must live in the city)
  • Pornhub – “I’m addicted to free porn.” (Synonymous with ‘free porn’)
  • Huffington Post – “I love Bill Clinton and Huffington.” (Works)
  • Drudge Report – “The minimum wage should be just that – zero!” (Works)

Doesn’t quite work

  • Ask.com – “You should Ask about that.” (Nope)
  • Bing – “You going to bing your blind date?” (Nope)
  • Yahoo! – “I wonder if she sent it to my Yahoo!” (Nope and vaguely vulgar)

How an outage kills a $400 million business

How an outage kills a $400 million business

Hedge funds and institutional traders may no longer have the option of paying a premium to Nasdaq for access to an API that includes consolidated real-time market data pertaining to major US exchanges.

The Nasdaq Securities Information Processor (SIP) has been in the cross hairs of government regulators and anyone impacted by a three-hour Nasdaq outage caused by the SIP last year on August 22nd. “Events vastly exceeded the SIP’s planned capacity, which caused its failure and then revealed a latent flaw in the SIP’s software code,” the Nasdaq report said.

When was the last time you told one of your clients “a software flaw” caused the primary and backup system outage?

By quickly responding to market data movement, traders use the Nasdaq SIP to beat others to the punch. These electronic traders also use the mass of information to predict future stock price movements and adjust their trading algorithms accordingly.

Nasdaq has decided they no longer want to support the SIP for consolidated quote and trade data for stocks, unless major resources can be found for upgrading the legacy ITCH protocol feed and Windows 2003 operating system. Although revenue from the SIPs was $400 million for 2013, the risks are too high, said the report.

The winner will be NYSE Euronext which runs two SIPs on behalf of the nation’s exchanges, albeit at a premium and with the superior infrastructure to justify the higher cost to traders.

The loser will be the small traders, where consolidation could mean a virtual monopoly for NYSE Euronext. At a time when regulators want more transparency spread across more participants, one could guess that there will be a cash infusion to rejuvenate the retiring Nasdaq SIP. Nasdaq says they are open to any and all “suggestions,” or what sounds like a stipulation that someone else needs to chip the money for an upgrade.

The cancellation of the Nasdaq market data service is not scheduled to take effect until 2016.

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