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Ford’s Future Competition Won’t be Cars – It Will be Software

Posted on May 28, 2014 by jessestay

Google gave us a peek into its future and vision today as it announced, and showcased new, Google-designed cars that are built entirely for driving on their own, without humans. The future indicates, to me not that Google is building its own cars as one would expect to be competition with companies such as Ford, Chevy, Toyota, and others, but that Google is sticking to its core strength and vision – software that makes the world more openly available to everyone. The future, my friends, for the automobile industry isn’t cars – it’s in software that gets you from one place to another – it’s all about Google Maps, and competitors to it.

As I visited Silicon Valley recently with my wife as I attended Facebook’s F8 developers conference, I had the opportunity to briefly stop by Google Headquarters in Mountainview. The one building that greets you, and says goodbye to you as you leave likely isn’t noticed by everyone. It has a big, teardrop-shaped marker in the front, and a couple Google maps and other types of cars in front. It stands practically across from the Google Android building with all the dessert statues. That building is the home to Google Maps, and I’m now thinking it is not a coincidence that it is one of the first and last buildings you see on Google campus.

Google’s Entrance Into the Collaborative Economy

My very smart friend, Jeremiah Owyang, as I’ve shared numerous times on this blog, is becoming well known for coining the phrase, “collaborative economy”, a future (and now present) where people no longer just share virtually with each other, but in real life through things like cars, homes and places to stay, and even real goods. In Chicago recently I got on my phone, connected to the Uber app, and it showed me a host of normal operators using their own cars to give people rides from the airport to their destination. As I toured the city, a company let me “borrow” a bicycle from one of many “Divvy bikes” and get around the city where I was able to tour one of the tallest buildings in the world and see Monet paintings at the Chicago museum of fine art. Jeremiah is most definitely onto something.

Companies like Ford and Walmart and others are taking notice to this new trend, many starting to partner with the likes of Uber and AirBNB (a service that lets people rent out rooms in their homes), and others. Some even creating their own similar services to empower and encourage people to use their (the company’s) products which those people own. The problem, I fear, is that in the end this is not the essence of where the collaborative economy is taking us. Google gets this, and I think we’re seeing a hint of it with today’s announcement.

Social Design in the Collaborative Economy

You see, the future doesn’t matter about the product itself. It’s about what the product can do for you. I’ve preached often about the concept of “social design” inside your product and even covered it in Facebook Application Development For Dummies. The idea is that you take the functionality of social networks and bring a person’s close friends and family from those social networks into the design of your app or product (which is often entirely virtual but not always). The next iteration of “social design” is to build software that truly, and ubiquitously integrates the collaborative economy within the product itself. In a perfect, socially-designed product you can’t distinguish between the “social”, and the product itself. It’s all one. Google is doing this with their self-driving cars.

In Google’s world, no one will ever have to own a car. In fact, they won’t even care if anyone else owns a car they can borrow. Google’s key asset is information, not “things”. Where the cars come from won’t matter. In the future you’ll just say, “Ok Google, give me a ride from Chicago Midway to the Sheraton” on your mobile phone or Google Glass or desktop, and a Google Car will come, pick you up, take you to your destination as you get work done along the way, maybe even ask you if you’d like to stop for a bite to eat along the way (through a contextual, location-targeted ad by McDonalds, of course), and you’ll never even have to pay for the ride. It’s the collaborative economy at its finest, and the automobile industry may not even know what hit them when it does. In the end, information is always more valuable than tangible things.

The competition in the future for the automobile industry, I’m afraid, isn’t the fact that people are borrowing cars from each other and taking public transportation more. Granted, that’s part of it, but not the end result. The future competitor for the automobile industry is the same thing that took out many of the hardware companies of the 80s – it will be software, and the information it indexes. The key players will be software giants like Google, Microsoft (maybe?), Yahoo, and Facebook.

As the information industry makes its way into the collaborative economy, Ford, Chevy, Toyota, you name the automobile company – they will all need to develop competitors to Google Maps and others in the future if they are to survive, or at least remain as large as they are now. The big question is, is it too late? In the end, software still rules the world, and hardware just works for it.

https://youtube.googleapis.com/v/CqSDWoAhvLU&source=uds

Growth Hacking: How to Know Who Has Viewed Your Facebook Profile

Posted on January 2, 2014 by jessestay

I shared earlier a method I came up with that allows you to target the subscribers (now called just “followers”) of a public profile on Facebook (you know, the profiles with the “follow” button like mine at facebook.com/stay – not to be confused with a business page). It turns out that you can also use this to not just target ads to, but learn about the subscribers of those profiles as well. For instance, I can tell the approximate salary ranges of my followers on Facebook. Let me share how.

If you go to my previous article on the topic, I show you how to create a list of the subscribers of a profile. The same can be done for the friends of a profile, the attendees of an event, members of a group, and many more “groups” of people if you know what you’re doing – do some research of what data is available (I have a book that can help), if you want to dive deeper. Go ahead and create this list, and then go to Facebook’s Power Editor where you would have created your ad targeting these people.

Previously I only talked about targeting ads to these people. You can actually get very specific in targeting only sub-groups of these followers, allowing for much more targeted ads in the process. But you can also use Facebook’s Power Editor to just learn more about your audience. This can be a great way to know what types of things the audiences of individual profiles in your brand are interested in.

For instance, if I go the Partner Categories (under “Audience” when creating or editing a new ad in Power Editor), and select “Acxiom”, then “Personal Finance”, and then “Income”, I can select any income range. If I select the $100,000-$125,000 range, in the right column it tells me an approximate number of people amongst my followers that are in that range. As you can see, the majority of my audience makes less than $100,000! If I were representing a brand, this would tell me how to price any products I sell to my audience of followers.

You can segment it any way you want at this point, just as you would a typical Facebook Page. Find out how many of a public profile’s followers/friends buy baby products. Find out how many of a public profile’s followers/friends are Republican/Democrat/Independent/etc. Then if you follow the advice in my previous article you can target ads to these individuals!

Okay, I fooled you a bit with the title and you can’t really tell who’s viewed the profile, but you can tell at least anonymously those viewers that have clicked the “subscribe” button on your profile, or learn more information about the friends of any profile on Facebook. For brands with influencers representing them as public Facebook profiles, this can be a very useful way for those brands to allow those influencers to keep a personal profile without having to have a duplicate Facebook Page.

Previously, I showed you how to create ads using this method. The cool thing with Facebook ads is you don’t have to create ads to get benefit. The ads interface itself, and in particular Facebook’s Power Editor, is a great learning tool to get approximations of an audience, and to learn more about who you should be targeting and how to target better – use this to your advantage as a brand as you engage your employees to use Facebook more as ambassadors for your company (through tools such as EveryoneSocial). Then use ads, and your own products to prove those theories.

Have another good use of this? Share in the comments!

Let me help your brand! These little “Growth Hacks” are the core of our business, and how we excel against other marketers and firms in this space. If you want to get an advantage against your competition that other marketers can’t touch, send an email to jesse@staynalive.com!

Oh, and like what you see here? Did it help your marketing strategy? Please consider sending donations to paypal@staynalive.com (Paypal), or send me Bitcoin!:

Address: 19AdCAbjshRuEFhx4py1Ny7i48s1d6RFi

Bitcoin Use-cases: Turning Bitcoin, Cryptocurrency, and the Blockchain into a Fully Functional Peer-to-Peer Internet

Posted on December 18, 2013 by jessestay

A lot of non-Bitcoin investors and people with little knowledge of Bitcoin are freaking out right now about the fall of Bitcoin’s value in the last 24 hours due to China forbidding deposits into their main Bitcoin exchange. I’m actually kind of excited about it, because I think of Bitcoin as more a protocol than I do a currency. This means it has long-term sustainability. It also means my investment into it is a much more long-term investment into the future of the internet, as a whole. It means I now have an even greater opportunity to buy until the world grasps onto this concept. One of these use-cases is the possibility of completely replacing the internet as we know it. Let me explain.

DNS

Let me start with an example. An exact duplicate of the Bitcoin protocol with a separate blockchain, Namecoin (read all about it here), was created to prove some of the points I’m making here. Namecoin was invented to allow the use of its own Blockchain (remember, the worldwide, public accounting ledger for tracking transactions) to track ownership of domains on the .bit namespace.

Domains and DNS are in essence based on a peer-to-peer network of their own, with one major flaw. They rely on a central authority called the Internet Consortium for Assigned Names and Numbers (or ICANN) to tell other DNS nodes who owns the domain being queried. When you type in a URL into your browser, it likely searches your ISP’s DNS servers (your computer is in essence itself a DNS node that knows to talk to your ISP and other DNS nodes on the internet). Those DNS servers communicate with other DNS servers and so on until they find out who the owner of the domain is. Once the owner is determined through ICANN, your browser knows to pull content from “X Server” and you are delivered a webpage from that server. With Namecoin, however, ICANN isn’t needed because the ownership is recorded on the blockchain.

Namecoin, in essence, is replacing the need for ICANN in domain distribution for the .bit top level domain. They do it by storing the domain names in digest form on the blockchain (and suggest you can do this with other types of documents and text, as well), giving a permanent place to look up ownership with guaranteed authenticity. Currently they’re integrating this with existing DNS architecture, providing translation of those blockchain records in a way ICANN can understand, but in the future, the DNS protocol could be updated to accept blockchain records as sufficient ownership as well. This could be done with something as simple as a browser extension or plugin on most current browsers that overrides the browser looking at DNS servers for ownership, instead looking at the blockchain for ownership.

This is a powerful concept, which shows one use-case in this potential “internet replacement”. And it’s already in place, and it’s already working! You can invest in Namecoin now, and even convert your Bitcoin into Namecoin through exchanges like btc-e.com. (and guess what, the Chinese now don’t have this opportunity, at least not to the scale they used to!)

Storage

So now we have a way to tell where to retrieve content on the internet through a peer-to-peer, Bitcoin protocol-based architecture. Now we just need a way to deliver that data in a distributed manner. What if you could use Bittorrent as the storage for a Bitcoin-powered internet? We’re already headed there.

Recently, a bittorrent client called Frostwire announced they’re working to integrate Bitcoin into their Bittorrent client, allowing seeders of Torrents (which don’t all have to be illegal, by the way – Bittorrent, too, is just a P2P protocol, this one focused on storage) to pay and receive Bitcoin for files. I think this could go further though. What happens when you can associate something like Namecoin with an address of an HTML file on the Bittorrent network? Now, entirely server free, a document can be served (no server-side code required in this case – JavaScript has become quite powerful of recent on client machines, and could be extended even further to more powerful functions within the browser itself to embrace the blockchain and even bittorrent for more info) across a peer-to-peer network delivering documents to your browser at speeds potentially even faster than your current internet can.

As for a database, there are already distributed, file-based databases (see Hadoop, for instance). Instead of owning your own servers to store those files, why not store them across the P2P Bittorrent, or similar network? There are details to be worked out, but the technology is definitely almost there.

The Network Infrastructure

Now the only thing left is the ISP, and infrastructure for giving you bandwidth and access to your internet. What if we made this peer-to-peer as well? There are already many plans in foreign countries for “mesh” wireless networks. What if we took a concept like this, allowing anyone who wanted internet access to set up a wireless receiver of some sort, and that receiver would “pay” into the network to get access using Bitcoin or similar. These payments (this would be the equivalent of “mining” in current Bitcoin) would then go to those willing to provide longer distance wireless access using things like Ham Radio towers and the like to provide access over this entirely wireless, peer-to-peer internet. The bandwidth each node provides to the network would in essence “mine” new tokens and recycle those paid into the network in the process.

Of course, details of how all this can work still need to be worked out. Hopefully now you can see the potential though, and we’re really not that far from something like this happening with very little needing to be done by any central entity (perhaps wireless laws in the USA and other countries would need to be opened up a little to the public). Many of these protocols are already being used. But once they’re all put together, we have an internet that works without central authority, no need for ISPs, no need for server hosting. The entire internet experience is 100% controlled by the user, and companies will need to adapt to this.

This will all lead towards new forms of commerce. My friend Jeremiah Owyang talks about “The Collaborative Economy“, which is already occurring. The idea is that the future of commerce is moving towards more social, consumer-to-consumer models instead of business-to-consumer. Businesses now become facilitators of these transactions instead of sellers of a single product that a consumer can buy.

In “The Chain” era it works the same way – no longer will we need DNS, hosting, or even storage. Ownership records will all be stored on “The Chain”, all delegated to the proper owners of the content and storage and names. Businesses will need to start preparing for this in order to adapt to this new model – I’m actually seeing some of the smart ones do this now, which I’ll talk about later on this blog.

Bitcoin is not just a currency as you can see. If you’re seeing it as just a currency that goes up and down, you’re looking at it wrong. Instead, you should be looking at it as a new paradigm. It’s a paradigm shift in not just currency, but the entire internet as we know it, and you should be looking to hop on, pay in, and get on board. Those that do so now will be the leaders of this new era in the next 5 years.

My company helps businesses adapt to these new paradigm changes such as Bitcoin, strategizing new innovation and marketing shifts to gain an edge on their competitors. If you think we can help, contact us (contact@staynalive.com) – we even take Bitcoin!

Like this article and want more like it? Consider a donation! Here’s my Bitcoin address:

Address: 19AdCAbjshRuEFhx4py1Ny7i48s1d6RFi

Growth Hacking: How to Target Ads to the Followers of a Public ("Follow") Profile on Facebook

Posted on December 9, 2013 by jessestay

I shared earlier on this blog the benefit of using a personal, “Public Profile” on Facebook over a Fan Page on Facebook to personalize the experience and grow your network. I encourage each of my clients to, when they have the choice, choose the public profile over the Fan Page for personalities in the company for the reasons I shared earlier. It personalizes the company better, and I think the opportunities to grow organically are stronger.

There has always been one downside though – you can’t advertise to the followers of public profiles. It turns out there is actually a way to finally advertise to the followers of a traditional profile on Facebook with a “follow” button. It involves just a little Graph API knowledge (see my book to learn!), use of Graph Explorer, and a Facebook Page for your brand that you can use to create the ad. Here’s how you do it – let me know if I can help your company or brand do the same!:

Using Graph API to Get the User’s Followers

The trick involves just a little Graph API (the Facebook developer platform used to get data out of Facebook). To start, open up Graph Explorer from the developers.facebook.com “Tools” section.

Give your user the “user_subscriptions” permission by clicking on the “Get Access Token” button and checking the box under “User Data Permissions”.

Now, type in the following path next to the “GET” drop-down:

jessestay/subscribers?fields=id&limit=5000

You can replace “jessestay” with the id of any public user. The limit=5000 lets you traverse through the more subscribers at a time. Hit “Submit”, and a bunch of data will be returned.

Now is the part you need to figure out, and where a little programming knowledge might help (I may upload this as a tool on SocialToo.com at some point if it makes sense). Each page has only 5,000 subscribers listed, but there is a “next” link at the bottom that takes you to the next 5,000 subscribers. Your job is to traverse through this list, follow all the “next” links until there are no more, and extract a list of facebook ids in a text file (csv or txt). You can do this either manually or through an automated script that you create

This script took me about 15 minutes to write on my own, so it’s not too difficult a task if you have a little programming knowledge. Of course, this is also a service I provide to my clients so let me know if I can help! Once you have this file, you’re ready for the next step!

Uploading the Followers to Ad Manager

Now that you have your file, you need to upload it to Ad Manager as a “custom audience”. This used to only be available to Facebook’s Power Editor, but it’s now a native piece of the Facebook Ad management experience.

Start by going to http://facebook.com/ads/manage and make sure the account you’re using is selected (for those that might manage multiple accounts like me). On the left is a link that says “Audiences”. Click on that.

Now, click on “Create Audience”. A dialog box will appear – select “Data File” from the dialog box.

Now name your audience whatever you like, and choose the file you just created in the above section. If it’s a text file that has a Facebook ID on each line of the file it should work. Also, make sure you select “advanced options” and “user ids” so it recognizes your ids as Facebook ids and doesn’t try to read them as email addresses. Click “Create Audience”, and now your custom audience should be created! Pretty quickly you’ll start seeing the number of potential people you can target show up next to the audience stats on this page.

Creating Your Ad

Now that you’ve created your custom audience out of the user’s subscribers, you just need to create an ad that targets this custom audience. This is where you’ll need an existing Facebook Page for your brand (Not the user themselves – to me Facebook Pages are for brands. Facebook Profiles are for users!) if you want to do a promoted post. If you don’t want to use another Facebook Page you can just do a right-nav ad that targets a URL and that will work too.

Start by creating a promoted post using Ad Manager, or on the Page itself (don’t use the “boost” option!). You can make this visible or invisible to your fans – it’s up to you. Include a link if you like, just text, or whatever you want. Maybe even put the image of that user in the post so it’s recognizable to the fans of that user. Another option is to have your Facebook Fan Page share a post of that user, and then you can promote that!

Then in your targeting options, select the custom audience you just created. You can further refine the audience if you like, should the post be needed to target a specific subgroup of that audience (allowing for much stronger micro-targeting and perhaps even better results for less cost). Set all your bidding options, submit the ad, and now you have an ad targeting all the followers of a specific user on Facebook!

The great thing about this is you don’t have to limit it to subscriptions – it works with any data your user has access to. You can access your friends, your friends’ friends. You can target the attendees of an event you’re going to. Or members of a group you participate in. You also don’t need to limit it to your own user if you’re targeting just followers. Because public profiles are public, you can target the followers of any user that has their profile marked as public!

Just a side-note: I did notice a bug in Facebook’s Graph API that doesn’t return all of the subscribers. I think it excludes subscribers that are subscribing to you through Facebook lists. It will return most though, which makes an ad campaign totally worth it!

So when you think you have to use a Fan Page because you can’t advertise on a public profile, think again! You indeed can target subscribers of public profiles on Facebook, making the use of a public profile even more powerful, and something every brand should consider!

The Blockchain and the "All for One, One for All" Demise of the Centralized Server

Posted on November 26, 2013 by jessestay

It’s amazing how history repeats itself. Internet history began with the conception of room-filled mainframe computers and “nodes” that would connect directly to the mainframes relying solely on the power of the central mainframe to get their signal and perform various tasks sent to the mainframe. Then came the PC era – an era where every person could have their own computer, and the processing power occurred on the same machine as the display and input device. Following that came the Internet, or World Wide Web, which combined mainframes and servers with personal computers. With the internet, mainframes and servers could be used to connect PCs, all over the world, in a distributed network of various servers all communicating with each other, and relaying information back to the client, the PC.

With the Cloud, we’re back to relying on servers, and we’re relying more on central data storage and processing more than ever before, just like the days of the mainframe. The only difference is our current “dumb terminals” can also cache pieces of information and perform mini processes to reduce the need for internet bandwidth in the process. All of that is about to change though with “The Chain” era as I call it, cryptocurrencies, and blockchain type infrastructure. In this era, we’re moving from lots and lots of servers all over the world, to one single server, distributed across multiple clients (or terminals) all doing their fair share of the processing.

With Bitcoin, I’ve talked previously about the power of “The Blockchain”, a global, worldwide accounting ledger that gets audited over and over again by a massive network of peer-to-peer computers, or “miners” to verify the chain has not been corrupted in any way. This network, as I stated earlier, when put together as a whole, is more powerful than the top 500 supercomputers in the world, combined. The network was designed this way.

In Satoshi’s whitepaper where he proposed the Bitcoin protocol, he suggests “as
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they’ll generate the longest chain and outpace attackers”. As a result, it’s to Bitcoin’s benefit to have a very large pool of honest miners, preventing the possibility of another majority outnumbering the honest miners and providing a false version of the blockchain. This makes for a very, very large public “server”, with lots and lots of computing power, that anyone, and anybody can rely on without the need for central companies, corporations, and even governments in many cases to provide that service with their own powerful servers. In many ways it means it’s near impossible to “lie” or “spoof” inside this type of network!

Imagine the opportunities this opens up. Server resources, DNS, hosting, and even storage servers are no longer a necessity. Instead we can all rely on “The Chain” to access this information. If I own a domain, that record exists on the Chain and the Chain can verify I own it, and any IP information that comes with it when a browser makes a request for that domain. Perhaps IP addresses will no longer be needed at all with the Chain – after all, servers won’t be necessary and I really believe this massive network could be used for storage as well. So maybe your browser also gets knowledge of another key on the chain that contains the content of the webpage.

Of course, all this is theory, but the implications are evident. I’m still weeding out how a lot of this could work in my mind, and so are many, many others. The potential is there though, and we already have the largest supercomputer on the planet that we could be using – the Blockchain used by Bitcoin – we just need to come up with new ways of using it (and many are), and identify the flaws so that we can either fix them, or come up with a new protocol without those flaws. One thing’s for sure in my mind – centrally-controlled servers, in the future, will no longer be necessary. Instead, we will all rely on a massive, P2P network of some sort – be it Bitcoin and the Blockchain itself, or some other open and distributed cryptocurrency model adapted to allow this stuff.

The collaborative economy doesn’t apply just to goods and services. It also applies to technology. The future will be less of a “one-to-one” or “one-to-many”, and more of an “all-for-one”, “one-for-all” model where everyone benefits that participates, and there is no fraud in the process. In the coming weeks and days I’ll share some potential use-cases for this Chain to further show some of its potential. What other use-cases can you come up with using the Chain?

Like this article? It’s freely shareable and can be copied and distributed (or linked to) via Creative Commons Attribution license. Or, just send a tip via Bitcoin!:

Address: 19AdCAbjshRuEFhx4py1Ny7i48s1d6RFi

First the PC. Second the Web. Third the Cloud. And Now…The Chain – Why Bitcoin is Not Just a Currency – It’s a Platform!

Posted on November 23, 2013 by jessestay

What if you could transfer stock to another individual, without a stock broker or stock certificate? What if you could sell your home, without a real estate broker or deed? What if you could sell your car without need for a title or vehicle registration? That’s the concept of the technology behind Bitcoin, and why you need to be paying attention to why this is so much more than just a currency or investment, and why your brand could be disrupted soon if it does not adapt.

The technology behind Bitcoin, the currency that is making little-known software developers millionaires as the price has gone from less than $1 per Bitcoin to $800 per Bitcoin in just a couple years, has the potential to revolutionize the way the world authenticates human-to-human transactions within a matter of years. The technology, or protocol, is called “The Blockchain”, and it has the potential to be so much more than just a currency-driven protocol. It’s an entirely new platform. “The Chain”, as I’m now calling this platform, is incredibly powerful, and I truly think it is a paradigm shift on par with the shift from the mainframe to the PC, the PC to the Web, and more recently the Web to The Cloud.

“Colored Coins”

I had the chance to sit down with some of these Bitcoin millionaires and soon-to-be-millionaires (I’m not exaggerating!) at a local event in Provo, Utah (organized by my friends from the upcoming documentary, “Life on Bitcoin“) called a “Bitmob”. The idea is this (in a nutshell): a group of Bitcoiners approach a local business and tell them they will bring x number of people willing to pay with Bitcoin if the business will be willing to accept it. It’s a great way to get businesses to start accepting Bitcoin as a currency, brings a lot of new customers to those businesses, and overall improves the economy of Bitcoin as a whole.

It was at this meeting that my mind was enlightened that Bitcoin is not just a revolutionary, worldwide currency without central control, but it is so much more than that. A group of developers in the Bitcoin community have proposed an addition to the Bitcoin protocol (introduced by a pseudonomous developer named “Satoshi Nakamoto” in 2008, but with precedence in other standards and technologies prior to that), which allows each Bitcoin transfer to contain a payload of text. They call these “Colored Coins“. This payload of text could be synonymous with writing on a $1 bill the words, “I’ll give anyone who gives me this bill a car”. Then, that person would be held to giving each person that gave them that $1 bill a car. However, attaching this to an encrypted digital transaction that can be guaranteed as authentic, traced between the sender and recipient (by code, not necessarily ID of a human – one fatal flaw in Bitcoin IMO), now you have an even more certain guarantee of that agreement that the entire world can audit and ensure took place. If it is dishonored, the entire world knows (instead of just the people that gave the individual the $1 bill). See this video to get a better idea of how their proposal works – it does a much better job explaining:

Bitcoin is Just One Implementation of The Platform (The Chain)

The power of why this is possible lies in a worldwide “ledger” called “The Blockchain“, basically a ledger similar to an accounting ledger, that each bitcoin client has access to, can’t delete, and proves the transaction takes place. Because the entire world has access to this ledger, there is no mistake in the transaction, and anyone can prove that the owners of the 2 sides of the transaction are in agreement with each other.

The power of Bitcoin is in a vast, worldwide network of connected computers that can all authenticate what agreements were made from which parties. Each of these computers performs computer algorithms to ensure the strength of encryption on each transaction, further ensuring its authenticity. I’m told that if you added all this computing power worldwide, it would equal the power of more than 500 of the world’s top super computers. The number of trades on the network, today alone, outnumbered the number of transactions on Paypal, and are soon to outnumber the number of transactions by Discover Card.

The sheer number of participants in this worldwide peer-to-peer network, the value attached to each transaction (in Bitcoin – the Bitcoin-to-Dollar ration today is approximately 1/$700 and growing), and most importantly the openness of the network, the Blockchain, and the protocol behind it make this new network designed for commerce as scalable as the Internet, and perhaps even more valuable. As you can see, it can also be used for more than just monetary trade. One individual is using it for authentic transfer of files between individuals, for instance.

The thing is it’s the idea of Bitcoin and the Blockchain that makes all this so powerful. There will be numerous additions to the protocol over time, and I’m sure other versions, making this concept more and more powerful. What’s powerful isn’t that Bitcoin exists – it’s that this is the direction it is taking us as a society, and the technology exists today. For that reason this is a very large platform that will have many components to it, just like the web has HTTP and TCP/IP and MAC addresses, and even OAuth, and OpenID that all work together in one. We’ll see the same with cryptocurrency and online commerce in ways that transform commerce and corporate structure as we know today. There are already other cryptocurrencies like Litecoin and Namecoin. Devs and businesses will create their own currency exchanges (I’ll explain that in another post).

Bitcoin is Much More Than Just a Currency

For that reason I see Bitcoin as much more than just a currency. Bitcoin is an open platform designed for commerce. It is the architecture and Infrastructure for all transactions that Jeremiah Owyang mentions in the Collaborative Economy philosophy. Whether in “colored coins”, or another standard, Bitcoin, and cryptocurrency in general, are the platforms that will power every guaranteed human-to-human transaction on the planet. It’s already globally recognized. Each transaction has an intrinsic value (Bitcoin itself is limited in number, giving it rarity, similar to Gold). Each transaction can be proved, with 100% accuracy. And it’s near impossible to forge, unlike traditional currency. And what’s even better is this is all a platform which will evolve and grow, just like the internet.

Bitcoin is what happens when you apply digital and cryptographic principles to accounting. This is as big a change in technology to come to the world as the PC, the Web, and most recently the Cloud. We are entering a new era of human-to-human commerce where the brand, and the government is no longer “the middle man” in these agreements. Is your business ready to handle it? Are we pushing our governments to adapt? I’ll do some articles shortly on ways brands can adapt, and what I’m telling my clients.

Want to know more about Bitcoin? This video will get you started!:

Like this article? It’s freely shareable and can be copied and distributed (or linked to) via Creative Commons Attribution license. Or, just send a tip via Bitcoin!:

Address: 19AdCAbjshRuEFhx4py1Ny7i48s1d6RFi

How Your Cub and Girl Scouts (and Youth) are Being Cheated in the Personal Manufacturing Era

Posted on November 18, 2013 by jessestay

Our youth are in for a wake-up call when they grow up. Gone will be blue-collar work. Gone will be factory and manual labor jobs. Gone will be construction and mechanical jobs. The fact is, machinery, robotics, and computer programming are replacing all of this, in favor of devices average families can buy and set up in their living rooms. It is so important that we get these skillsets to our youth so we can survive as a society as my generation retires and our kids take over.

For long-time followers of this blog, you are well aware of my passion for 3D printing, and predictions for the disruption of modern manufacturing within just years from where we now stand. Within 5 years, it will be very possible for entire, room (or larger) sized manufacturing processes to be taken over by a simple machine in your office through 3D printing. It’s already happening in fact. I call this “The Personal Manufacturing Era”, because it’s the closest disruption we have in modern times to the Personal Computing Era and what it did to the mainframe.

Of course, all youth are affected by this, but there’s one group I want to address more than any, and I think they have the greatest potential to make a difference in this new era of manufacturing – it’s the Cub Scouts and Girl Scouts of America (of course, I’m talking to mostly a US audience here, but you likely have equivalents in your country). Both groups are missing out on a HUGE opportunity here to prepare their youth for the future.

Currently my wife and I volunteer for the Cub and Boy Scout organizations in our area. Each year there is an annual competition – usually it’s the Pinewood Derby. Some times it’s the Space Derby, or Raingutter Regatta. The thing is I’ve always hated these competitions because they focus on skillsets (woodwork, mostly) that are hardly valuable to the boys as they get to be our age. Not to mention that the dads do most of the valuable work for them anyways.

I propose that these boys, and in equivalent activities for the Girls in Girl Scouts (I’m mostly familiar with the boys organizations because most of my service has been there, but girls need it even more than the boys), be exposed to more STEM (Science, Technology, Engineering, and Math) related activities. True, Pinewood Derby does have some engineering that applies. But how much better would it be if the ENTIRE activity was centered around logic and engineering? How about a computer programming competition? Or what about a robotics competition? Kits could be provided to give boys a basic start, and understanding of these, and a fair base to start on.

My concern today is that we’re perfectly okay asking boys and dads/moms (and girls and dads/moms) to build a car they can race from scratch, many of those dads/moms not having previous woodworking experience (I’m one of those), but when we propose that we do a “computer programming competition” or “robotics competition”, two activities that really aren’t much harder to do if a kit is provided to show them how to do it, people say, “It’s too hard.”

We need to get away from this notion of woodworking being seen as a “manly” thing to do and computer programming and robotics being seen as “too geeky” or “too nerdy”. The fact is, our childrens’ futures depend on it! Every “too geeky” statement you make hurts your children and the future of this country, and the world in general.

I’m very worried about the future of our children, and the future of this nation. Cub Scouts, Boy Scouts, and Girl Scouts of America all have a HUGE opportunity here to fix this. They are making steps with new computer programming merit badges, and computer safety programs. I’m concerned they’re not moving fast enough though. To change, these programs need a complete overhaul of the system, one focused on STEM as a main, core component of each program, and outdoor activities to balance it all. Right now it’s much, much too heavily balanced toward the latter.

If you have kids. Take a stand. Reach out to your local Cub Scouts or Boy Scouts, or Girl Scouts organizations (to have the most effect you really need to do this at the district or council level), and let them know you share this concern. Am I alone in this? Are our youth missing out?

The Perfect Use of Custom Audiences Through Facebook Ads

Posted on October 17, 2013 by jessestay

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Custom Audiences are a terrific way to build Facebook ads that convert and bring strong traffic back to a site. The way they work is this:

You have an email list
You import that email list into Facebook’s Power Editor
Facebook matches those emails with Facebook users that also use those emails
You target ads to that email list or exclude the people in that email list from your targeted ad campaigns

I’ve been encouraging my clients for awhile now to look inside their existing user databases and find ways to segment users to better target ads back towards those existing users to get new sales. One way to do that is to look at users that have not completed a full transaction, and remind them to do so through a simple non-intrusive Facebook ad. The potential for the completed sale goes up significantly when brands do this.

I saw this in action today as I went through the process of adding flower bulbs to my Shopping Cart at Brecks.com, but not completing the purchase. Within minutes, I was seeing ads on Facebook reminding me that I had not completed my purchase, and even offering a further discount to get me back.

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Having worked at a few e-commerce companies in the past (my college minor was e-business), I can attest that it’s difficult to get customers all the way through the sales process. Previously there were few ways, without outright spamming them and driving them further away, to get those customers that never completed their purchase.

Now, with custom audiences on Facebook businesses can remind the user very quickly after-the-fact, when they’re still in purchasing mode, further increasing the likelihood of the sale. This, to me, is the perfect use of custom audiences on Facebook. Well done Brecks!

Wanna learn more about Facebook ads? I just finished a course you can take to learn about my own secrets to success with Facebook ads. I promise you’ll learn something new in this course. If not, let me know and I’ll refund your money, 100% – go get the course here!

Your Constantly Evolving, Constantly Changing Social Media Plan

Posted on October 15, 2013 by jessestay

When I was younger things were simpler. TV, Print News, and when the internet, even websites would remain pretty static. My, how things have changed! In a world of “Generation Me”, with Millenials being raised on the internet and using technology and social media for most of their lives, marketing, and technology is so much different! As a marketer, your audience expects change, and they expect it fast.

It’s for this reason that social networks evolve so quickly. I remember numerous companies rising up on the backbone of Facebook, only to find out Facebook’s rules for their platform changing and completely going out of business as a result. I learned this the hard way with my service, SocialToo, which, based wholely on the premise of a user’s social graph on Twitter alone, and the ability to auto-follow, was quickly overrun by changes in Twitter’s API policies which rendered my business model obsolete.

Am I bitter? Maybe a little, but the fact is I’ve learned my lesson. In this ever-changing world of social media, marketers and business owners need to be willing to adapt very quickly, and look to the future, expecting these technologies to change fast, and the rules that go with them. What works today will likely not work tomorrow.

Facebook is already making this evident in their changes in News Feed policy, suggesting they will begin punishing “memes” and “calls-to-action” in posts on Facebook Pages. In the past, this is what performed best because it produced the greatest engagement, and in fact still does! Marketers are looking towards a sore wake-up call if they are not preparing for these changes.

In every presentation I make, even in my recent course on Facebook Ads (you can download it here!), I always tell people not to believe me. Always test, test, test. What works for me may not work for you, and most of all, Facebook is in a state of constant flux and change due to the ever-changing attention spans of its users. Marketers need to study these early, and study them often, and continually test the strategies they employ on social networks or their social strategies will not work.

The strategies and techniques I share in my courses and consulting and speaking work – I’ve tested them, and they have produced results for me. But a Social Media Marketer needs to be on their toes. What works for me may not work for them. A good Social Strategy needs to be constantly evolving, constantly changing, and forever in flux. There should be no end in technique and growth of that technique. That is where you will see your greatest success – constant change.

YOU Get a Free Book! And YOU Get a Free Book! How to Use and Make Money Using Facebook Ads

Posted on September 30, 2013 by jessestay

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I mentioned last week that I was launching a new webinar on Facebook ads. In this webinar I’m going to be showing you one of the biggest questions I get in my consulting and coaching for my clients – how you can MAKE money instead of SPEND it on Facebook ads! From my experience, so many business owners are afraid of Facebook ads, or seeing little success because they’re focusing solely on fans and traffic and not revenue. In this already successful, pitch-free course I’m going to show you how to focus on revenue, and increasing that revenue by thousands to tens or even hundreds of thousands or millions of dollars by utilizing a strong Facebook ad campaign. And if you order this week I’m giving you a few perks – FREE stuff!

I’ve spent my career learning how to build massive audiences for multi-national organizations and growing some of the top presences on Facebook. I’ve learned a lot over that time, and it turns out you don’t have to spend much to build an audience on Facebook. And even more – you can use Facebook to actually MAKE money instead of just grow audiences through ad spend. I’d like to show you how.

I don’t want to do it like just any other webinar out there though. In many of the webinars I’ve seen, you pay $200, $300, or some times more to get a little information only to get a big pitch at the end for more information, asking you to spend more to get the full picture! This webinar is going to have NO PITCH. I’ll add you to my list and you can learn about future events, but I want this webinar to be 100% CONTENT. The focus of this webinar is VALUE, and MAKING YOU MONEY through the use of Facebook ads, not pitching you on other products! Not just that, but I’m only charging $150 for what could be THOUSANDS of dollars in revenue you generate from Facebook ads!

This week I’m adding a few more perks though. First, for every person that registers for the webinar by end of this Saturday (Mountain time), YOU GET A FREE COPY OF MY MOST RECENT BOOK with Jason Alba and Rachel Melia, “I’m on Facebook–Now What???” 2nd Edition! On top of that, for all those that register by the end of this week I’ll WAVE THE WEBINAR DOWNLOAD! For those that already purchased the download and would like to upgrade to the live webinar let me know and I’ll arrange an upgrade for you to get both at the $150 price. For those that purchased the download and webinar together I’ll refund your download immediately!

LARGE GROUPS – I can give you a group rate if you contact me. Just contact me at jesse@staynalive.com and I can arrange a group rate for your organization.

There’s ONE MORE THING. I want to let everyone have a chance at hearing this message – it’s important to me. I know there are individuals and businesses that can’t afford this course right now. Or, maybe you know someone in this situation. For that reason I want to choose 5 individuals to give the webinar and download, and a digital copy of I’m on Facebook–Now What??? FREE OF CHARGE. All you need to do is pitch why you think you, your business, or your friend needs to take this course, and post it somewhere that I can see. Post in the comments of this blog post. Post in the comments on my Facebook posts. Write a blog post and tag me in it. I want to hear your stories! Consider this seed money, a gift, to get you going in making THOUSANDS in revenue from the knowledge you’ll learn off this course! So let me know your story!!! This will expire the Wednesday before the webinar.

This webinar is the best way I know to impart knowledge to as many people as possible and get the word out to as many as I can. I want all of you to learn what I’ve learned. I truly believe that ANYONE can be a Marketer! I want you to learn too, so GO SIGN UP NOW! (and share this and tell your friends!) I need your help to make this a success!