Last week Microsoft announced that it is now accepting bitcoin for app purchases on Windows phones and Xbox. Many bitcoin enthusiasts were hopeful that this would positively affect the price of bitcoin and also facilitate the wider usage of bitcoin among gamers and general public at large. However, the news of Microsoft accepting Bitcoin went unaffected just like the previous news of Dell accepting bitcoin or DISH accepting bitcoin or Expedia accepting bitcoins for booking hotels and etc etc In fact, the price of bitcoin is hovering at $330-$350 which is one of the lowest in 2014.
What is mentioned above are some of the good examples of what does not affect the price of Bitcoin. That means, retailers simply accepting bitcoin alongside cash and credit card payments do not make people suddenly want to use bitcoin in their daily lives. Things that would make people want to use Bitcoin would be, for example:
As you can see from the examples listed above, there is a stark difference between the news that we have been hearing for the past 12 months. So far, what we have been seeing in the news is that retailers are accepting Bitcoins. They are treating Bitcoin purely as an additional payment option to Credit Cards. For the average Joe, this doesn’t give any compelling reason for him to start paying with Bitcoin instead of his Credit Card. Continue reading
I might have found the timeline generator tool that I have been looking for – it’s clean, simple and user-friendly. You can easily generate timelines for your small projects and export them in PDF, CSV or embed them in your websites (as seen below).
Free version allows you to add up to 5 tasks per project (which is quite less), pro version costs $29 that allows you to add unlimited number of tasks per project. The fee is a one-time fee which gives you lifetime pro membership.
Captchas are problematic. Traditional captcha solutions have been a failure so far. Below is one of the more user friendly solutions I have come so far
Here is a great way of implementing delete confirmations in web app interfaces. It’s intuitive and usable. It’s done within the same “delete” button but with an extra click. This is how it works, you click once on the button and it will change its state to confirmation button, you click again to confirm deletion.
It’s way better than the overlay popups in the middle of the screen or other too creative ways that go counter-intuitive to the usability of the web app.
It’s from Zapier.com, kudos to them for making their UI user-friendly.
Peter Thiel is no stranger to Startup World. He is the co-founder of PayPal and investor in Facebook, Quora, Artsy, PandoDaily, AdRoll, Reddit and many more.
He has an interesting viewpoint when it comes to Startups and how they should be managed, in order to be successful. For the past decade, methodologies like Customer Development and Lean Startup have been popular. The central idea in these methodologies are around customers, and that your idea (hypothesis) must be tested against potential customers in order to be successful, and based on customers’ feedback you should tweak your initial idea (pivot) to achieve a sustainable and repeatable business model that generates revenue.
Peter Thiel is sceptical about these methodologies. He says that customers might not always be right and listening to them to guide your business’ destiny might not be the right approach. He encourages entrepreneurs to start startups that do in order of magnitude better than the existing competitors, rather than doing incremental improvements as the Lean Startup methodology suggests. He also advises entrepreneurs to go for monopoly when starting a startup, doing something that dominates the market i.e avoiding competition and aiming for monopoly. He says “Competition is for losers”.
He also questions the education system in leading Universities that teach Entrepreneurship, he says that currently our education system instills and inculcates in future entrepreneurs to compete and to be a better competitor rather than doing something unique that makes competition irrelevant or difficult for others to compete with your startup.
Personally, what he puts forward is definitely something interesting and somewhat refreshing. It kind of reminds me of Steve Jobs’ beliefs. He was the type of person where he would say “customers do not know what they want.. etc”. But I think Customer Development and Lean Startup Methodologies are not mutually exclusive to what Peter Thiel is suggesting, in fact they can still be used to help reach product-market-fit.
Below is a video of him giving a lecture in Stanford in “Business Strategy and Monopoly Theory” where he expounds on the above mentioned ideas of his:
When you mention Bitcoin, first thing that comes to people’s minds are that it’s an anonymous digital currency (it’s actually far from anonymous but that’s a discussion for another post). So it’s primarily associated with “digital money” for majority of people.
But it’s much more than that. The underlying technology that Bitcoin is built upon is called Blockchain. Blockchain in simple terms is a decentralized platform that keeps track of all the transactions ever executed on the platform. It’s transparent and it’s decentralized, in other words no central government or banking institution controls it. There are major “nodes” (or servers) that keep copy of all the transactions, and there are many other computers that sync to those nodes.
Various types of “apps” can be built on top of Blockchain, it just so happens that the first “app” is a digital money app called Bitcoin. This was intentional by the founder(s) of the Bitcoin (Satoshi Nakamoto, a person or a group of people) to include the money part within the first release of the Blockchain, so that it serves as a reward for the miners (people who solve complex algorithms to generate Bitcoin) and node maintainers to earn monetary value for their contribution to the blockchain. In simplistic terms, bitcoin to blockchain is like gmail to internet. One is a platform and a protocol, and another is an app that is built on that platform/protocol.
Lots of interesting startups are being developed around Blockchain. Below are some of them. I’m not going to cover the ordinary ones like Bitcoin Exchange Platforms, Bitcoin Wallets, Bitcoin Payment Processing Gateways, Bitcoin Debit Cards etc. Rather will be mentioning the more interesting ones that are leveraging on the Blockchain Technology and not necessarily the currency Bitcoin itself;
It’s a shame that OhLife is shutting down. If you didn’t know what it was, it was a service where it periodically (eg; daily, weekly, monthly, depending on what you choose) sent you an email asking “How was your day today?”. You would just reply back to the same email describing your day, week, month, and it would save it in your account in OhLife.com.
And one of my favorite bits of the service was, it would include a random post from your life, saying; “Oh snap, remember this? 175 days ago you wrote…” (see above screenshot).
What I liked about the service was, it was not a burden, it was very easy to use, it didn’t force you to write. If you didn’t want, you would just ignore the reminder email and just enjoy the random post from your life.
Well, now that the service is shutting down, how can you record your life in a similar fashion?
If you are not familiar with IFTTT (if this then that) service, then please check this post first. I have created a recipe in IFTTT that will do the following: Everytime you send an email with the subject #OhLife to email@example.com it will save that email in your GoogleDocs. New entries will be added as a new row in the spreadsheet. Date and email content will be saved in the document. Continue reading
Say, you have an idea for a startup which you would like to build MVP (minimum viable product i.e most basic version) of it but don’t know any decent UI designer who can visualize your idea and turn it into this amazing User Interface; the likes of Instagram and other similar cool apps.
If you have done web or mobile app projects of your own before, I’m sure you know what I’m talking about – it’s a challenge to find pro User Interface designers.
Most of the time, prior to deciding if you should hire full-time developers and designers for your startup, optimal and cost-effective thing to do would be to outsource MVP version to freelancers. Hiring of full time staff can come later, once the app achieves product/market-fit.
For this reason, you would normally want someone who is pro and available for freelance work. Many sites like oDesk, Freelancer, Elance, DesignCrowd etc have these kind of resources. But it’s really a pain to find the right person.
But there is a great platform where all the professional designers hang around, and that is on Dribbble. It’s a place where designers showcase their work and peers feedback and “like” each others’ work. It’s also a great place to find the right designer for your startup idea.