Finnish economic sociologist
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Vili Lehdonvirta discusses his book "Cloud Empires" and how digital platforms like Amazon and others are overtaking our lives. We explore how we can regain control. Vili is Professor of Economic Sociology and Digital Social Research at the University of Oxford. Host, Kevin Craine Do you want to be a guest?
Kuten tämän podcastin kuluessa on huomattu, digitaaliset alustat käyttävät merkittävää valtaa monilla yhteiskunnan ja talouden osa-alueilla. Mutta millainen vallankäyttäjä digijättiyhtiö oikein on? Pitäisikö esimerkiksi kaupankäyntiä ja omia työmarkkinoitaan hallinnoivia yhtiötä tarkastella ennemminkin valtioina? Entä millaista on tekoälylaskennan globaali politiikka? Matti Ylösen kanssa digijättien pilvilinnojen portteja kolkuttelee Oxfordin yliopiston taloussosiologian ja digitaalisen yhteiskuntatutkimuksen professori Vili Lehdonvirta. Keskustelu kulkee läpi koko alustayhtiöiden vallan historian aina utopististen hakkeriyhteisöjen unelmista nykymaailman alustojen itsesääntelyyn ja kyberdiplomatiaan. Jaksossa selviää myös miksi Vilin entiset opiskelijat ovat pyytäneet professorilta ohjekirjaa valtion johtamiseen. Alustojen valta -podcast on osa Helsingin yliopiston valtiotieteellisessä tiedekunnassa toimivaa tutkimushanketta, jota rahoittaa Helsingin sanomain säätiö. Toimittaja: Matti Ylönen Tuottaja: Toivo Hursti Musiikki: Pasi Savonranta ja Pietu Korhonen Matin kirja Yhtiövalta alustatalouden aikakaudella (2021) nyt myös äänikirjana! Kustantajan sivuilla Bookbeatissa Storytelissä ja muissa yleisimmissä äänikirjapalveluissa Jakson lukemisto (viittausjärjestyksessä): Lehdonvirta, V. (2020). Cloud Empires – How Digital Platforms Are Overtaking the State and How We Can Regain Control. MIT Press. Rintamäki, J. (2024). Alustataloutta kesyttämässä. Poliittinen talous 12(1). Ylönen, M. (2021). Yhtiövalta alustalouden aikaudella – evolutionaarinen taloustiede & yhtiöt yhteiskunnallisina toimijoina. Vastapaino. Skarbek, D. (2014). The Social Order of the Underworld: How Prison Gangs Govern the American Penal System. Oxford University Press. Marx, K. (1867/1887). Capital : A Critique of Political Economy Volume I Book One: the Process of Production of Capital. (käänt. S. Moore & E. Aveling). Progress Publishers. Smith, A. (1776/1869). An Inquiry into the Nature and Causes of the Wealth of Nations. (toim. J. E. Thorold). Clarendon Press. Rand, A. (2007). Atlas shrugged. Penguin Books. Common European Project on Cloud Infrastructure and Services. Tekstivastine yliopiston sivuilla. --- Send in a voice message: https://podcasters.spotify.com/pod/show/alustojen-valta/message
Tuleeko suuryrityksistä vaikutusvaltaisempia kuin valtioista? Missä tilanteessa alustatalouden piirissä toimivia suuryrityksiä on hyvä säännellä ja milloin tulisi harkita yritysten pilkkomista? Mitä eroja on horisontaalisella ja vertikaalisella pilkkomisella ja miksi vertikaalinen pilkkominen on horisontaalista pilkkomista hyödyllisempää? Tarjoavatko suuryritykset tulevaisuudessa työntekijöilleen sosiaalivakuutuksen ja missä vaiheessa alustalousyritysten sisälle alkaa muodostua poliittisia yhteisöjä? Studiossa Oxfordin yliopiston digitaalisten yhteiskuntatieteiden professori Vili Lehdonvirta. Jakso on kuvattu 28.9.2023. ⌚ AIKALEIMAT (0:00) Pilvi-imperiumit (3:01) Internetin kehitys (10:35) Alustojen valta (18:35) "Liian suuret yritykset" (21:48) Verkostovaikutukset (24:28) Vertikaalinen pilkkominen (28:10) EU:n sääntely (41:51) Vallan keskittämisen ongelma (45:12) Digitaalinen keskiluokka (48:16) Julkishyödykkeet (57:52) Bismarckin Saksa (1:02:47) Kansainvälinen eliitti (1:04:57) Ukrainan sota (1:07:35) Moderni aika (1:11:25) Toimenpidesuositukset (1:17:05) Oxfordin professori (1:20:33) Suomen ja Britannian ero (1:25:42) Vinkit akateemiselle uralle
Vili Lehdonvirta discusses his book "Cloud Empires" and how digital platforms like Amazon and others are overtaking our lives. We explore how we can regain control. Vili is Professor of Economic Sociology and Digital Social Research at the University of Oxford. Listen for three action items you can use today. Host, Kevin Craine Do you want to be a guest?
The rise of the platform economy puts state-like power in the hands of platform owners with little or no accountability. Over the past few decades, the chaotic and lawless early Internet evolved into a digital reality where e-commerce and digital services platform owners dictate decisions that affect millions living in different countries and jurisdictions. In his book “Cloud Empires: How Digital Platforms Are Overtaking the State and How We Can Regain Control” professor Vili Lehdonvirta explains how tech platforms got to where they are. The book outlines the history and evolution of tech platforms by telling the stories of individuals, the role they played in shaping and reshaping the Internet leading to the present day digital reality. Lehdonvirta emphasises that we can only begin to democratise digital platforms if we recognize them for what they are: institutions as powerful as the state. In this episode of Bridging the Gaps, I speak with Professor Vili Lehdonvirta; we discuss the book, the new social order established by the digital platform companies, and how the accumulated power of platforms could be challenged to hold them more accountable and to regain control. Vili Lehdonvirta is Professor of Economic Sociology and Digital Social Research at the Oxford Internet Institute at the University of Oxford. His research examines how digital technologies are used to reshape the organisation of economic activities in society. His research focuses on the questions such as what are the implications to workers, entrepreneurs, and states, and how can this digital economy be governed? His research draws on theories and approaches from economic sociology, political economy, industrial relations, new institutional economics, and science and technology studies. We begin by discussing the chaotic and lawless days of the early Internet. We explore the emergence of the underlying theme to resist the undue influence of outsiders and to resist government regulations in favour of giving users more control, even in the early days of Usenet. We then discuss the emergence of Bitcoin in the context of a number of historic parallels such as the medieval economy and the Athenian peasant revolt. We explore the possibility, or perhaps the impossibility, of achieving true neutrality and privacy using BitCoin. At this point we start looking at the true nature of state-like powers accumulated by today's cloud empires. An interesting point we touch upon is that similar to independent states and sovereign countries, are these state-like cloud empires protecting their users. We then look at the legal rights of employees working in these giant organisations. Finally we look at the two questions that emerge from the subtitle of the book “How digital platforms are overtaking the state and how we can regain control”. The first question is why it is important that we take back control, and the second question is, how should we do this. This has been an enlightening and thought provoking discussion. Complement this discussion with ““Working with AI: Real Stories of Human-Machine Collaboration” with Professor Thomas Davenport and Professor Steven Miller” available at: https://www.bridgingthegaps.ie/2022/10/working-with-ai-real-stories-of-human-machine-collaboration-thomas-davenport-steven-miller/ And then listen to ““Philosophy of Technology” with Professor Peter-Paul Verbeek” available at: https://www.bridgingthegaps.ie/2021/01/philosophy-of-technology-with-professor-peter-paul-verbeek/
In this podcast we cover - 1. The evolution of tech platforms from utopian marketplaces to cloud empires 2. Lessons from history of economic power and collective action for democratisation 3. The role of entrepreneurs and small business in making tech platforms democratic and accountable. Vili Lehdonvirta is Professor of Economic Sociology and Digital Social Research at the Oxford Internet Institute, University of Oxford. His research examines how digital technologies are used to reshape the organization of economic activities in society, from gig platforms to online marketplaces and virtual currencies to crowdfunding. What are the implications to workers, entrepreneurs, and states, and how can this digital economy be governed? Lehdonvirta's book Cloud Empires: How digital platforms are overtaking the state and how we can regain control was published by MIT Press in September 2022. His previous book Virtual Economies: Design and analysis is published by MIT Press and translated to Chinese and Japanese. Lehdonvirta has authored and co-authored over 30 peer-reviewed articles published in journals such as Socio-Economic Review, Sociology, and Journal of Management.
Abstract from the book we discuss with the author during the episode: The rise of the platform economy into statelike dominance over the lives of entrepreneurs, users, and workers. The early Internet was a lawless place, populated by scam artists who made buying or selling anything online risky business. Then Amazon, eBay, Upwork, and Apple established secure digital platforms for selling physical goods, crowdsourcing labor, and downloading apps. These tech giants have gone on to rule the Internet like autocrats. How did this happen? How did users and workers become the hapless subjects of online economic empires? The Internet was supposed to liberate us from powerful institutions. In Cloud Empires, digital economy expert Vili Lehdonvirta explores the rise of the platform economy into statelike dominance over our lives and proposes a new way forward. Digital platforms create new marketplaces and prosperity on the Internet, Lehdonvirta explains, but they are ruled by Silicon Valley despots with little or no accountability. Neither workers nor users can “vote with their feet” and find another platform because in most cases there isn't one. And yet using antitrust law and decentralization to rein in the big tech companies has proven difficult. Lehdonvirta tells the stories of pioneers who helped create—or resist—the new social order established by digital platform companies. The protagonists include the usual suspects—Amazon founder Jeff Bezos, Travis Kalanick of Uber, and Bitcoin's inventor Satoshi Nakamoto—as well as Kristy Milland, labor organizer of Amazon's Mechanical Turk, and GoFundMe, a crowdfunding platform that has emerged as an ersatz stand-in for the welfare state. Only if we understand digital platforms for what they are—institutions as powerful as the state—can we begin the work of democratizing them.
Vili Lehdonvirta discusses his book "Cloud Empires" and how digital platforms like Amazon and others are overtaking our lives. We explore how we can regain control. Vili is Professor of Economic Sociology and Digital Social Research at the University of Oxford. Listen for three action items you can use today. Host, Kevin Craine Do you want to be a guest?
The Internet was supposed to liberate us from powerful institutions. But the reality might be he who fights too long against dragons becomes a dragon himself. In this episode of the Sound of Economics, Giuseppe Porcaro and Fabian Stephany invite Vili Lehdonvirta to present his latest book, Cloud Empires, where he explains how Silicon Valley technologists end up recreating digital forms of the very institutions that they were trying to render obsolete. They also discuss the labour market. This podcast was produced within the project “Future of Work and Inclusive Growth in Europe“, with the financial support of the Mastercard Center for Inclusive Growth.
“Competition is for losers,” Paypal founder, early Facebook investor and bitcoin enthusiast Peter Thiel once said.But now the monopoly power of the big tech firms has outgrown even Thiel's wildest dreams.In the latest New Money Review podcast, I ask Vili Lehdonvirta, professor of economic sociology and digital social research at the Oxford Internet Institute, University of Oxford, whether we can loosen the tech platforms' grip on money and power. Lehdonvirta is the author of a new book, “Cloud empires: how digital platforms are overtaking the state and how we can regain control”.In the podcast, we cover the reasons for the rise of huge internet companies like Google, Amazon, Apple, Facebook, Tencent and Alibaba. We discuss how the libertarian ideas of the early internet have long been lost, to be replaced by concerns over excessive corporate control and rising economic, social and political inequality.How should the increasingly powerful global digital economy be governed?Listen to the podcast to hear more on:the lost optimism of the early internetwhy eBay had to abandon its laissez-faire approach to managing its marketplacewhy the internet giants' CEOs are now more powerful than heads of statehow the digital gatekeepers now regulate markets for private profithow cryptocurrency lost its P2P promise and recreated the banking systemaddressing the bigtechs' economic and political powerthe limits of public utility regulation and competition lawhow nations can deal with transnational platformswhy internet platform users may end up governing these systems
In this episode, Vili Lehdonvirta joins the Cryptocurrencyteens Podcast to discuss his role as a Professor of Economic Sociology and Digital Social Research at Oxford University. He recently wrote a new book “Cloud Empires: How digital platforms are overtaking the state and how we can regain control" which is coming out from MIT Press in a few days, on September 27. Vili shares his research and work as both a researcher and an author, explaining his view on the viability of Crypto and how his book explores flaws within the Crypto industry. Description of “Cloud Empires: How digital platforms are overtaking the state and how we can regain control” on MIT Press: “The rise of the platform economy into statelike dominance over the lives of entrepreneurs, users, and workers. The early Internet was a lawless place, populated by scam artists who made buying or selling anything online risky business. Then Amazon, eBay, Upwork, and Apple established secure digital platforms for selling physical goods, crowdsourcing labor, and downloading apps. These tech giants have gone on to rule the Internet like autocrats. How did this happen? How did users and workers become the hapless subjects of online economic empires? The Internet was supposed to liberate us from powerful institutions. In Cloud Empires, digital economy expert Vili Lehdonvirta explores the rise of the platform economy into statelike dominance over our lives and proposes a new way forward. Digital platforms create new marketplaces and prosperity on the Internet, Lehdonvirta explains, but they are ruled by Silicon Valley despots with little or no accountability. Neither workers nor users can “vote with their feet” and find another platform because in most cases there isn't one. And yet using antitrust law and decentralization to rein in the big tech companies has proven difficult. Lehdonvirta tells the stories of pioneers who helped create—or resist—the new social order established by digital platform companies. The protagonists include the usual suspects—Amazon founder Jeff Bezos, Travis Kalanick of Uber, and Bitcoin's inventor Satoshi Nakamoto—as well as Kristy Milland, labor organizer of Amazon's Mechanical Turk, and GoFundMe, a crowdfunding platform that has emerged as an ersatz stand-in for the welfare state. Only if we understand digital platforms for what they are—institutions as powerful as the state—can we begin the work of democratizing them.” Learn more: Vili Lehdonvirta (guest): https://www.linkedin.com/in/vililehdonvirta Cloud Empires: How digital platforms are overtaking the state and how we can regain control: https://mitpress.mit.edu/9780262047227/cloud-empires/ Abigail Li (host): https://www.linkedin.com/in/cryptocurrencyteens About Cryptocurrencyteens: https://www.cryptocurrencyteens.com/
Today, we speak to Vili Lehdonvirta, Professor of Economics, Sociology, and Digital Social Research at the Oxford Internet Institute at the University of Oxford. Professor Lehdonvirta is a social scientist whose research focuses on ways digital technologies are reshaping the organization of economies, including their associated social effects. He is also the author of two books, Cloud Empires and Virtual Economies, which provide readers with an in-depth look into the power that crypto platforms hold and a well-rounded characterization of digital markets. In this episode, we talk about the ideological underpinnings of crypto and the role of governance in making cryptocurrencies possible. We discuss the role of states in scaling markets, how states and platform companies differ, the impacts of smart contracts on governance issues, and how control and power are centralized within crypto markets, as well as the social implications of blockchain technology. Listeners will also learn about past controversies within the crypto space, why people are still needed within crypto, and the blockchain paradox, plus more! Key Points From This Episode: We start by learning about John Perry Barlow's vision for cyberspace. [0:05:06] Find out about the role that states play in markets. [0:07:03] How markets function at scale if the state is not involved. [0:07:55] Professor Lehdonvirta's view on whether governance may precede markets. [0:08:59] The role massive platform companies play in today's economy. [0:09:44] Ways in which states and platform companies differ. [0:10:42] Why he thinks public blockchain technology has garnered so much attention. [0:11:27] An explanation of the influence John Perry Barlow's vision had on cryptocurrencies. [0:13:04] Learn what a Kleroterion is and the role it played in Athenian democracy. [0:14:01] Professor Lehdonvirta shares what it means to ‘trust in the code.' [0:17:05] An outline of the new properties smart contracts created. [0:18:59] Social and economic implications of unstoppable censorship-resistant contracts. [0:21:08] A brief rundown of how impactful smart contracts have been. [0:22:27] How the trustless and unstoppable claims of cryptocurrencies and DAOs were affected by the DAO story. [0:24:20] Whether the Bitcoin block-size conflict affected the perception of crypto as a trustless system. [0:28:17] We find out the current size of the Bitcoin development team. [0:31:05] Other examples of human discretion affecting the direction of Bitcoin. [0:31:46] Professor Lehdonvirta explains the strategies used to preserve trustlessness after the human interventions took place. [0:35:16] Details about an important strategy: the appeal to technical expertise. [0:38:53] Find out if the ability to fork blockchain networks restores trustless claims of crypto. [0:39:42] Whether users of a blockchain network, who are not miners, can influence crypto markets. [0:45:02] Professor Lehdonvirta's opinion on who has the most control over cryptocurrency networks. [0:49:35] Hear what aspect of Athenian democracy Nakamoto failed to replicate. [0:54:26] We learn what the blockchain paradox is (also known as the governance paradox). [0:56:50] Find out if Professor Lehdonvirta thinks technology changes the fundamental aspects which shape how societies are organized. [01:00:11] Find out if blockchain has eliminated the need for nation-states. [01:02:11] What cryptocurrencies have accomplished since their inception. [01:03:40]
Amazonin kaltaisten verkkokauppojen, somealustojen ja mobiililaitteiden sovelluskauppojen hyödyt yrityksille ja tavallisille ihmisille ovat ilmeisiä. Kun yhdestä paikasta löytyy kaikki - oli kyse sitten tavaroista, palveluista tai kavereista - se hyödyttää usein niin käyttäjää kuin alustalla bisnestä tekevää yrittäjää. Mutta minkälaisia varjopuolia asiaan kytkeytyy? Amazonin tapa käyttää valta-asemaansa herättää monenlaisia kysymyksiä. Ja mistä on kyse Applen ja Spotifyn välisessä kiistassa, jossa Spotify syyttää Applea markkina-aseman väärinkäytöstä? Juuso Pekkisen haastateltavana on Oxfordin yliopistossa työskentelevä Vili Lehdonvirta. Alustojen ja digitaalisten markkinapaikkojen lisäksi Lehdonvirta tutkii mm. digitaalista keikkatyötä. Ennen keskustelua alustoista jaksossa puhutaan uusimmasta Bitcoin-hypestä ja NFT-teoksista. NFT-ilmiön takana on lohkoketjuteknologia ja se on noussut hiljattain esiin mm. siksi, että NFT-taideteoksista on maksettu tähtitieteellisiä summia. Lehdonvirta avaa jaksossa ilmiötä. Bitcoin...no, Bitcoin on Bitcoin. “Never stop the madness, ja kohta vedetään taas”, kuten meemissäkin sanotaan. Kohtaamisia syvässä päässä.
x Alex J. Wood -- Liberator or 'Boss from Hell'?: The Gig Economy's Double Edge Oxford Internet Institute Researcher Alex J. Wood discusses the gig economy's double edge from the perspective of workers themselves. Bio Alex J. Wood (@tom_swing) is a Researcher at the Oxford Internet Institute. He is a sociologist of work and employment, focusing on the changing nature of employment relations and labour market transformation. Alex is currently researching new forms of worker voice and collective action in the online gig economy as part of the iLabour project. Alex previously researched online labour markets and virtual employment relations in Sub-Saharan Africa and Southeast Asia as part of the “Microwork and Virtual Production Networks in Sub-Saharan Africa and Southeast Asia” project. This project investigates the economic and social implications of new forms of economic activities in the context of ICTs for development. Alex completed his PhD at the University of Cambridge Department of Sociology where he also worked as Research Associate on an ESRC impact acceleration project to evaluate potential ways of reducing workplace stress resulting from insecure scheduling. Alex’s PhD (2015) is titled the “The insecure worker: workplace control in the 21st Century”. His PhD focuses on the changing nature of flexible and insecure forms of work such as zero hour contracts. New patterns of working-time flexibility and how this relates to insecurity, well-being, and issues of workplace control and resistance being central to account developed. He also has a long standing interest in the relationships between industrial relations, union renewal and emerging forms of workplace representation and new patterns of class and inequality. Previously he received his MPhil in Sociology from the University of Cambridge (2011) with distinction. He received a first class BSc (hons) degree in Politics and Sociology, from Aston University (2009). Resources Oxford Internet Institute Good Gig, Bad Gig: Autonomy and Algorithmic Control in the Global Gig Economy by Alex J. Wood, Mark Graham and Vili Lehdonvirta News Roundup New Facebook breach affects 50 million users Facebook reported a data breach that began to take effect in July of 2017 when Facebook updated its View As feature which allows users to see how their profile looks to specific friends. The company said it didn’t discover the breach until September. While the company didn’t dislose exactly which user data was stolen or who stole it, it did reveal that the hackers obtained access tokens that enabled them to manipulate user accounts. Facebook says it has notified affected users and required them to log back into their accounts. Elon Musk steps down as Tesla over tweets/SEC fraud investigation Elon Musk has stepped down as the Chairman of Tesla and will need to pay a $20 million fine for his tweet last month saying he had “funding secured” for a $420 per share buyout of the company. The SEC had sued Musk for the tweet saying it misled investors. The SEC said that the $420 stock price was a weed reference—intended to impress his girlfriend, rapper Grimes. He was also smoking up on Joe Rogan’s podcast. Obviously he was confused and bewildered—talking in tongues and rapping freestyle. Federal prosecutors are now probing the ad industry Federal prosecutors have launched an investigation into ad agencies who buy advertising time on behalf of large corporate brands. A recent Association of National Retailers report found that media outlets have been offering ad agencies rebates—cash back after they meet spending threshholds -- but that the money hasn’t been making its way back advertisers. Suzanne Vranica and Nicole Hong report in the Wall Street Journal. Environmental Protection Agency to dissolve science advisory office The EPA will be dissolving its science office and ostensibly rolling it into the agency’s Office of Research and Development. This is the same agency that has basically censored the terms “climate change” from its website, speeches and all of pr collateral. It has also stopped giving climate change awards and is working to roll back full efficiency standards. Federal preemption is trending The doctrine of Federal pre-emption took center-stage this week in three different areas: net neutrality, privacy, and 5G buildout. Remember the Supremacy Clause of the U.S. Constitution makes federal law the supreme law of the land. On the net neutrality front, the state of California passed its own set of net neutrality rules that mirror the ones the FCC passed in 2015 but that Ajit Pai’s FCC repealed earlier this year. The Department of Justice is now suing the state of California, claiming the federal preemption doctrine. On privacy, Amazon, Alphabet, Apple, AT&T, Charter, and Twitter told the Senate Commerce Committee last week that they would support federal privacy regulation that would preempt California’s privacy law, set to go into effect in 2020, which would give California consumers more control over their data. But a national privacy framework that would preempt state privacy rules has support from both sides of the aisle. And on 5G … the FCC passed new rules last week that would minimize the role of local and state authorities in the review process to build out 5G wireless infrastructure, by limiting fees that local and state authorities charge carriers in order to deploy 5G and capping the shot clock to require local authorities to approve 5G applications within 60 to 90 days. Verizon begins 5G rollout in 4 cities Five days following the FCC’s order to limit local and state oversight of 5G deployment, Verizon announced that it would be deploying 5G in Houston, Indianapolis, Los Angeles and Sacramento. This makes Verizon the first company in the world to offer 5G on a commercial basis to individual consumers. Brian Fung has more in the Washington Post. Federal court rules against Uber drivers suing as a class Finally, the federal District Court of the Northern District of California has ruled to de-certify a class of nearly 240,000 Uber drivers who are suing Uber, saying that they should be considered employees rather than independent contractors. This would entitle them to better benefits and things like reimbursement for gas. The decision was long expected since the US Supreme Court ruled back in May – in Epic Systems v. Louis – that courts are required to honor arbitration agreements that gig workers sign up for. All 240, 000 drivers would now have to pursue their claims individually.
Top 5 News – AOTB July 2, 2018 Shoutout to this week's Sponsors: Ethereal and bitsonline.com 1. As of today, an unknown buyer purchases art work by Benjamin Katz called “Chasing Hearts/Northern Lights” from the Āto Gallery, an online gallery founded by Carrie Eldridge for 150 bitcoin – or the equivalent of more than $1.25 million at the time of the sale. https://news.artnet.com/market/ato-gallery-cryptocurrency-bitcoin-1297832 … … 2. May 22, 2018 Report called “The Art Market 2.0 – Blockchain and Financialisation in Visual Arts” by Duncan MacDonald-Korth, Vili Lehdonvirta and Eric T. Myer supported by the University of Oxford and The Alan Turing Institute was released recently. https://www.dacs.org.uk/DACSO/media/DACSDocs/Press%20releases/The-Art-Market-2-0-Blockchain-and-Financialisation-in-Visual-Arts-2018.pdf … … https://www.nytimes.com/2018/06/08/arts/art-financialization-blockchain.html … … 3. June 12, 2018 article “Blockchain Art: The Market is Here and What You Need to Know” posted on Cultbytes written by Steven Buchko. http://cultbytes.com/all/blockchain-art-market-is-here/ … … 4. Article called “Artists as cryptofinanciers: welcome to the blockchain” by Ben Luke talks about Art Basel and the blockchain’s influence on the conference programming, including a group discussion by Simon Denny and quotes Ruth Catlow of Furtherfield and Ben Vickers, CTO of Serpentine Galleries in London. https://www.artbasel.com/news/artists-as-cryptofinanciers--welcome-to-the-blockchain … … 5. New to Me Department – Elastos! This organization has proposed to “adopt a flexible main chain and sidechain blockchain design structure” because Ethereum blockchains are made for “consensus-based record keeping, but lack computation speed or flexibility. They have an extensive schedule that might be worth checking out. Elastos Video Contest deadline is July 15. Fresco Art Award competition sponsored by FRESCO & Elastos with the theme of blockchain runs through August 22. https://medium.com/elastos/elastos-weekly-updates-08-june-2018-f9546f55c3fc … … White paper: https://www.elastos.org/wp-content/uploads/2018/White%20Papers/elastos_whitepaper_en.pdf?_t=1526235330 … … Twitter Handles: @DACSForArtists @oiioxford @turinginst @cryptoartcom @elastos.org @cultbytes @dennnnnnnnny @ViliLe @ato_gallery @MyCurioCards @furtherfield @robmyers @benvickers_ @jonas_lund @EddFornieles @yaoeo @bitsonline MeetUp: http://www.meetup.com/Art-on-the-Blockchain-Meetup/ … … Instagram: @aotb_podcast Twitter: @AOBT_PODCAST Disclaimer – The AOTB podcast is not a recommendation or endorsement for any of businesses or services mentioned. AOTB is not advising anyone to invest or rely upon any statements made during this podcast. It is intended for entertainment purposes only. The views are our own.
Podcastissa Oxfordin yliopiston Associate Professor Vili Lehdonvirta kertoo, miten digitaaliset alustat muuttavat työtä. Suomessa sosiaalinen suojelu (muun muassa sosiaaliturva, sairausajan palkka) on sidoksissa työsuhteeseen - olisiko tätä sosiaaliturvan ja työsuhteen liittoa tarpeen tarkastella kriittisesti alustatyön aikakaudella? Vili Lehdonvirta on taloussosiologi, joka on Euroopan tutkimusneuvoston rahoittaman iLabour-tutkimushankkeen päätutkija. Häntä haastattelee Kalevi Sorsa -säätiön projektitutkija Maija Mattila.
'Virtual economies' are all around us, from social media, to bitcoin, to the games on our smartphones. But what exactly is a virtual economy? And is there anything that these virtual economies can teach us about 'real world' economics? Pod Academy's Alex Burd returned to the Oxford Internet Institute to speak to Vili Lehdonvirta, a research fellow there. Alex previously interviewed Vili about Bitcoin for us (podcasts: Bitcoin 1 and Bitcoin 2). This time he went to talk about Vili's new book, Virtual Economies: Design and Analysis (by Vili Lehdonvirta and Edward Castronova, MIT Press, 2014) In developing digital games, designers often develop an economy within the game itself. These economies can drive the game, just as an economy does in the real world. Then there is bitcoin - is that developing into a useable currency? And can we learn anything about economics from understanding what is involved in clicking 'like' or 'retweet'? Vili became intrigued by what these virtual economies might teach us. He started by explaining that he and Edward Castronova first got the idea for the book at a conference of digital game developers in San Francisco: Vili Lehdonvirta: I’ve been going every year for the past 5 years to a digital developers' conference to give a talk there about what the academic study of virtual economies can teach game developers and digital developers. In 2010 I was there on a panel about virtual economies in online games, it was a panel where all of the panelists were academics and the game developers were quizzing us. One of the questions was ‘What should I read if I want to make use of economics and economic sociology. Should I just pick up an economic textbook.’ My co-author, Edward Castranova, was also on that panel. The two of us thought ‘well, if you pick up an economics textbook in theory everything is the same. But in practice everything is focused on very different objectives'. Then we thought, we’ll write the text book for you! Obviously we also wanted to make it interesting to academics so it’s a slightly broader book than just for developers. Alex Burd: So you you wanted to write a book for developers who wanted to know more about economics and academics who wanted to know more about games. VL: That’s right, game developers and digital developers more broadly. Not just games but anyone who is developing online communities or shared information pools or crowd sourcing systems or a new virtual currency – that’s one of the audiences. The other audience is academics and social scientists who are interested in media and social communications and are interested in behaviour and power in digital media. Basically we’re arguing to scholars that if you want to understand how digital media affects behaviour, whose power it enhances, what kind of behaviours are valued and privileged, and what kind of constraints and budgets are placed on use, then you really have to take this economic perspective on digital media. You can’t just treat it as communication, as speech, as abundant bits that are only restricted by creativity. There also these very concrete constraints and choices and ownership and exclusivity that are programmed into the infrastructure of digital media, everything from social media to numerous games that people play every day. And understanding that is crucial for any scholar studying digital media. AB: Looking at social media specifically, it’s about being able to put some kind of value on the interactions that users have with publishers. What value someone clicking 'like', or someone clicking 'retweet', has? VL: It’s that, yes, but it goes beyond just economic value. Microeconomics fundamentally is a science of choice, choice under constraint. Most internet scholarship is about how suddenly scarcity disappears and there is abundance. You don’t have to choose which music file you want because you can download both and then share them to your f...
The continued growth of online gaming and virtual worlds has effects not only in the analog world, with games and social media organizations taking stock options public, but also in the worlds created online. Many games and platforms allow users to involve themselves in virtual labor, to own property, and most importantly to make purchases. This one of areas where the analog and virtual crossover. And the question for platform providers becomes how to capitalize on user interest while earning money. In the new book Virtual Economies: Design and Analysis (MIT 2014), Vili Lehdonvirta, a research fellow at the Oxford Internet Institute, at the University of Oxford and Edward Castronova, professor of communications and cognitive science at Indiana University provide a detailed examination of the underpinnings and motivations for the creation of virtual economies. Lehdonvirta and Castronova consider various international examples to provide a comprehensive look at the markets that continue to be embedded into all kinds of online, and offline, interactions. Learn more about your ad choices. Visit megaphone.fm/adchoices
The continued growth of online gaming and virtual worlds has effects not only in the analog world, with games and social media organizations taking stock options public, but also in the worlds created online. Many games and platforms allow users to involve themselves in virtual labor, to own property, and most importantly to make purchases. This one of areas where the analog and virtual crossover. And the question for platform providers becomes how to capitalize on user interest while earning money. In the new book Virtual Economies: Design and Analysis (MIT 2014), Vili Lehdonvirta, a research fellow at the Oxford Internet Institute, at the University of Oxford and Edward Castronova, professor of communications and cognitive science at Indiana University provide a detailed examination of the underpinnings and motivations for the creation of virtual economies. Lehdonvirta and Castronova consider various international examples to provide a comprehensive look at the markets that continue to be embedded into all kinds of online, and offline, interactions. Learn more about your ad choices. Visit megaphone.fm/adchoices
The continued growth of online gaming and virtual worlds has effects not only in the analog world, with games and social media organizations taking stock options public, but also in the worlds created online. Many games and platforms allow users to involve themselves in virtual labor, to own property, and most importantly to make purchases. This one of areas where the analog and virtual crossover. And the question for platform providers becomes how to capitalize on user interest while earning money. In the new book Virtual Economies: Design and Analysis (MIT 2014), Vili Lehdonvirta, a research fellow at the Oxford Internet Institute, at the University of Oxford and Edward Castronova, professor of communications and cognitive science at Indiana University provide a detailed examination of the underpinnings and motivations for the creation of virtual economies. Lehdonvirta and Castronova consider various international examples to provide a comprehensive look at the markets that continue to be embedded into all kinds of online, and offline, interactions. Learn more about your ad choices. Visit megaphone.fm/adchoices
Vili Lehdonvirta discusses emerging markets on the Internet.
Vili Lehdonvirta discusses emerging markets on the Internet.