Back in December I decided I was going to run a little experiment and try moving my blogging entirely into Wave (wavelogging?).  It was an interesting experience but there is a deal-breaker that I just can't work around at the moment.  

I thought it would make for an interesting discussion to report back on where things are at right now.  What works, what doesn't, what's awesome, and what NEEDS to be fixed.

 When I first started blogging in 2006 or so, I loved the idea of being able to have conversations with people all over the world, many of whom I didn't even know existed.  It's served me really well in that respect, I've met a ton of people and developed my most important online social network.  I have several relationships in the real world that developed because of blogs.

Then Twitter came along, and was all real-timey and stuff.  It's fun.  It feels like a cocktail party.  I can blurt out things that I think would make funny fortune cookies and there's an audience for that I guess.  But in terms of content it was a real lightweight compared to blogs, the medium is just too constraining.  At its core Twitter is a 140-character message bus, and there are lots of things lacking there for heavy-duty collaboration to happen.

Next came Facebook, which allowed me to find a lot of people but not necessarily the ones I wanted to have technical conversations with.  It's also completely ungeared towards anything longer than a sentence or two, the commenting system resembles a car with just an engine and a frame and a steering wheel.  Also not suited to hard-core collaboration of any kind.

Over time the collaboration model on blogs got better with the introduction of commenting systems like Disqus (although I still don't like the fact that I rely on them 100% to safeguard those comments).  But it never really changed much, we always had blogs and RSS to distribute and comment on meatier content.

But then, this year, came Wave.  And I fell head over heels in love with it.

So here's the deal with Wave:  If you deal in technology, and you get this one wrong, you'll miss the boat.  And it's a big boat.  If, on the other hand, you get this one right, you have the potential to do some incredible innovation.

In a nutshell, this is the next revolutionary leap in Internet application architecture.  Maybe the first truly revolutionary leap since HTTP itself.

I've been wanting to write this post for a while, but first I wanted to read fully thru and digest the specs and available code.  I haven't done any posts about XMPP for quite a while, but you're going to start hearing a whole lot about it, and not just from me.

A couple of glasses of vino on a Sunday night and I got to thinking about what I believe will be the technologies that are going to reshape the world in 2010. After a stagnant year or two in there are some really killer things on the horizon right now.

This is a follow-on to my post the other day about peer-to-peer debt.  It's some of the stuff I've been drawing on napkins for a couple of years, an idea for building a peer to peer service network on top of BitTorrent.

I try not to use words like that too loosely, either.

This banking system is dying.  I don't talk about it too much anymore because there's nothing that can be done to stop it at this point, but the Bretton Woods monetary system that has been in place since 1944 at the conclusion of World War II is coming to an end.  An interest-bearing debt based monetary system, which is what we have, has a finite life span from the moment it's born, and this one has reached its unsustainable peak and is on the way back down, fast.

It's sixth-grade math, you can't deny it, there is no wishing it away.  It just is.

So then, the question is what will rise as the next monetary system.  Never complain about me giving problems and not answers, here's a doozy.  I've been sketching these ideas out for several years now, and I've finally found a few other people who are thinking along the same lines.  If the current crisis has the end result of giving an alternative monetary system critical mass then it may be worth it.

Every year I enjoy writing a post with my predictions for the next year.  It's a nice way to empty the old thoughts from my brains so there's room for new ones.  Plus I leave a trail of blog posts so I can see how my thoughts change from year to year.

In retrospect I've realized that each year tends to have a theme or two, and that the hardest part about making accurate predictions for a given year is identifying the themes that will drive it.

In 2007 the driving themes were social networking and online entertainment.  In 2008 the themes were distributed and mobile communication, with a dash of cloud computing sprinkled on top.

The theme for 2009 is almost absurdly easy to identify:  the economy.  If you thought 2008 was about the economy, just wait for 2009.  You truly ain't seen nothin' yet.  A deflationary black hole is sucking all of the money out of the economy and we haven't even seen the impact yet.

Every time I hear somebody talk about how the market has bottomed and the economy is starting to improve I mentally picture them in this position:

So if we're talking about the economy and you see me chuckle, you know why.

Hope is a great mindset to have and a fantastic slogan for winning Presidential campaigns apparently, but it is not such a great lens to view reality thru when you're trying to make money.

A post by Erick Schonfeld at TechCrunch today really got me riled up:  The SEC has shut down Prosper, a peer-to-peer lending site.  This was up in the air until yesterday:

Yesterday, the SEC issued its formal cease-and-desist letter (embedded below or download PDF), outlining its reasoning for characterizing Prosper as a seller of investment, something prosper had vigorously resisted in the past by arguing that it was merely a marketplace matching lenders and borrowers. But the SEC is having none of that.

If this sounds familiar, it's because this is an exact rerun of what happened with the original Napster and the music industry, only worse in my opinion.

The key here is that Prosper itself was not lending or borrowing, it was simply matching up willing borrowers and willing borrowers.  It also provided additional services such as collection and tracking.  The HORROR.

The real fact is, if private citizens were allowed to freely lend to one another, the private banking cartel that is our central banking system would lose the little control they have over the economy.  The free  market would freely set interest rates and people and businesses would be free to do an end-run around our corrupt and bloated financial system.  The financial engineering that has allowed Wall Street to siphon off trillions of dollars in profit at our expense would be crippled.  The SEC is simply acting as the enforcement arm of our private national banking cartel.

Don't fall under the protection of the cartel?  Goodnight, chump.

Nova Spivack from Twine wrote an interesting post over at Read/WriteWeb about the future of the desktop which I'd like to comment on.  It really ties in nicely with what I've been thinking about recently around user interfaces, especially since any hardware innovations will necessarily involve an ACTUAL operating system.

I agree 100% with Nova when he says that everything is moving to the cloud.  SmugMug lets me store my high-res photos in my own Amazon S3 store, Jungle Disk lets me back up everything else to the cloud.  Storage is, for me, a monthly utility expense (and last month it only cost me $3.18, so for me this is much cheaper than hard drive space, backup, backup tapes, tracking everything, and worrying).