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by jsmcgd 6823 days ago
For me the following sentence says that there is no 'bubble 2.0': "The overvaluations this time are not being made by businesspeople and investors, but consumers and users." At worst you could argue that this is a fad but not a bubble. Users cannot create bubbles, only investors can.
1 comments
jsmcgd 6823 days ago
Also I really don't like the terms: 'Bubble 2.0' and 'Web 3.0'. Can we not wait for some industry consensus before brandishing these terms. (Thanks I had to get that off my chest).
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iamwil 6823 days ago
Well, I suppose we can do what the batman movies, or Gundam series do. Batman, Batman Returns, Batman Forever, Batman Begins. Gundam Wing, Gundam Turn A, Gundam Seed.

Web. Web Social. Web Ubiqu. Web Singularity.

I guess most hackers don't like the term web/bubble 2.0/3.0 is because it's overloaded, and hence, imprecise. Thus, ripe for exploitation by marketers, which generally have a bad rep with hackers (sometimes with good reason).

I think the author just means "the next evolutionary step of the web" Just as when people are talking about 2.0, they just mean that the web now was far different than it was back in 1996.

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brianfrank 6823 days ago
Nice. I like those suggestions... But wouldn't it be more fun just to steal movie titles. How about The Web Identity > The Web Supremecy > The Web Ultimatum... did I get the order right? Anyone remeber the 'Ernest' films?
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brianfrank 6823 days ago
I agree that the terms are silly and abused, but unfortunately we seem to be getting stuck with them. I'd love to have better ones (know any?), but for now, you have to admit that people at least know what they refer to: things that'd otherwise be too ambiguous. These over-simple terms aren't bypassing consensus, they are a means to consensus-building.

As to the earlier comment, the whole point of the essay is that we need to look at fads as if they are bubbles, users as if they're investors. See Davenport and Becks 'Attention Economy' as well as Mark Anielski's 'Economics of Happiness'. And to see the where I'm eventually trying to lead, see David Warsh's 'Knowledge and the Wealth of Nations' and the 2005 World Bank paper called "Where is the Wealth of Nations."

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