Self-organizing, nonlinear feedback systems are inherently unpredictable. They are not controllable. They are understandable only in the most general way.

Contents

Setting the scene — from resilience to a search for control

The false and exaggerated importance of control

Managing unknowns and the search for certainty

The industrial paradigm of efficiency…


By Sasu Ristimäki and Kim Weckström

When the operating environment changes rapidly, as it has presently, our ability to make informed decisions is challenged. We have both less information than previously, and the information that we possess has less value as unpredictability increases dramatically. …


By Sasu Ristimäki and Janne Jutila

Setting the stage

The debate on digital currencies, which are often seen as competing with central bank issued money, intensified significantly during 2019. Facebook’s Libra initiative forced the issue centre stage and previously reluctant parties have been forced to scramble for a position. …


By Sasu Ristimäki and Kim Weckström

Kim Weckström is a founding partner of Avaus and Sasu Ristimäki is the founder of SRI Capital and an advisor to Avaus.

As long as digital marketing primarily deals with the narrow process of interfacing with customers, it will struggle to have a significant impact on overall business value. For the new marketing practice to make a decisive contribution to corporate value creation, the hierarchy of…


There is a paradigmatic assumption that lower interest rates lead to an increase the value of equities, as well as of certain other asset classes. This is not false, but it is not necessarily quite true either. As the saying goes, it is complicated. …


Libra is not based on proprietary technology or innovation

Perhaps the key understanding of the Libra initiative, though one that tends to get lost in the noise, is that Facebook et al. have not developed any new technology or solutions that would be unique or proprietary. …


Emerging from the protocol rabbit hole

The consensus crypto investment thesis that dominated the discourse in 2017 and 2018 was the fat protocol thesis[1]. Essentially the fat protocol thesis states that, contrary to prior generations of the Internet, most value in decentralized systems will be captured at the protocol and not the application level. Unfortunately, many…


From an economic, as well as social perspective, the impact of the internet has largely been a story of disintermediation, which has paralleled by a substantial reallocation of economic wealth. …


The incumbent narrative

There is a popular media industry narrative that the key issue with broadcast television is the transition from linear to on-demand delivery. It is of course a question that focuses on the delivery channel (form and structure) with a nod to being driven by user centric consumption. It is a…


1. The need for programmable money and establishing legitimacy

1.1. Smart contracts and smart money

The case for digital currencies has not been helped by the fragmented and polarized discussion regarding their uses. Central Bank Digital Currency (CBDC) has been discussed primarily as a replacement for cash in contexts where the use of physical cash is declining (e.g. …

Sasu Ristimaki

Technology and business analyst. Looking at de-centralization, complexity and how technology is not just a technology question.

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