Thought Starters: Apple vs Google, fintech, Bitcoin’s failing health, emerging markets and income inequality

Thought Starters provides me with a chance to look through the articles, research and opinion pieces I’ve read, highlighting interesting trends, developments and changes in the world you and I live in. In this week’s edition we’ll look at virtual reality, the looming battle between Apple and Google, the fintech opportunity, Bitcoin’s (poor) health, emerging markets, income inequality and lots more.

Goran Peuc has called on designers to focus more on getting users to their destination as smoothly as possible, avoiding unwarranted complexity and features. Among the services he highlights as doing it right are Google Search, Nest, Dropbox and

People are not really into using products. Any time spent by a user operating an interface, twisting knobs, pulling levers or tapping buttons is time wasted. Rather, people are more interested in the end result and in obtaining that result in the quickest, least intrusive and most efficient manner possible. And these are two fundamentally different concepts — usage versus results — which, at the very least, differentiate good product design from poor product design or, on a smaller scale, a good feature from a bad one.

2016 is likely to be a big year for virtual reality as it moves from vapourware to tangible experiences in consumers hands. Peter Rojas looks at some of the key issues affecting what the VR landscape will be come the end of 2016:

It feels like we’re on the cusp of an entirely new world of immersive computing, but VR as an industry is still completely wide open in a way which more established markets like mobile and desktop computing are not.

Facebook has begun releasing an SDK for Facebook Messenger enabling developers to build interactive experiences within the messaging platform with actions such as shop, book, travel and more. This brings Facebook closer to the WeChat model whereby users feel less need to leave the messaging platform to complete tasks. Uber is among the first partners to trial the service (see below):



GlobalWebIndex has released its figures for the global penetration of adblockers which gives you an indication of why their growth was highlighted as a trend to watch in a number of media commentators’ end of year roundup:

Ad-blocking is here to stay

Mehdi Daoudi contrasts Google’s web centric strategy with Apple’s app centric approach   are taking to online media with Mountain’s app centric approach, with both arguing that they have the user’s interests at heart. Media publishers are increasingly feeling like the meat in the sandwich, as these technology titans try and wrest control of consumers’ attention and eyeballs:

What’s really going on here? No one is saying that Google and Apple aren’t genuinely interested in creating the best possible online experiences. But the recent announcements are skirmishes in a bigger war for Internet dominance, with these behemoths and others trying to stifle each others’ business models, sway advertising trends in their own favor, and gain a bigger piece of the online advertising pie. The end-user experience argument is their Trojan Horse, and other companies, large or small, are unwilling pawns in their master plans.

Startup L. Jackson has been one of the most amusing and at times insightful commentators on the world of startups and Silicon Valley. Chris Dixon has pulled together some of his best tweets:

Concerns about the overvaluation of tech startups appear to be having a real impact on angel and venture capital funding, with CB Insights‘ figures pointing to a decline in the number of deals and funding in the last quarter in the US. Probably more a case of a market correcting for a bulge rather than the popping of a bubble:

US Tech Seed Deal Activity

The fintech sector has been one of the hotspots in London’s startup sector. TransferWise’s The Future of Finance profiles why there’s so much interest in the sector with its talk of disrupting traditional financial institutions and also looks at which categories consumers are most receptive to new entrants:

Consumers’ predictions of their own uptake of fintech over the next 10 years

Capgemini’s survey of the financial services sector provides a contrasting perspective, pointing to financial institutions in many cases being more concerned about larger technology players rather than the new range of fintech startups:
A view of the competitive threat by banking vertical

Bitcoin is one of the technologies that many commentators were forecasting would turn the financial services on its head. Whilst banks and other financial institutions are increasingly experimenting with blockchain solutions, bitcoin pioneer Mike Hearn’s prognosis for Bitcoin is less than healthy:

Why has Bitcoin failed? It has failed because the community has failed. What was meant to be a new, decentralised form of money that lacked “systemically important institutions” and “too big to fail” has become something even worse: a system completely controlled by just a handful of people. Worse still, the network is on the brink of technical collapse. The mechanisms that should have prevented this outcome have broken down, and as a result there’s no longer much reason to think Bitcoin can actually be better than the existing financial system.

Academic publishing is one sector that has proven surprisingly resistant to change with commercial publishers continuing to act as tollkeeper. Jason Schmitt looks at Elsevier and asks whether we’re on the cusp of change towards a much more open model of information sharing:

Time will tell if open access will be the needed disruption to allow the academic environment to right itself or if a new market emerges from startup incubators like the Center for Open Science. Regardless of how the future vision is realized, most in the academic community hope that the new iteration of scholarly articles and publishing will do more good toward humankind than that of a hefty profit margin.

You can gauge the shift in the global economy from Oxford Economics‘ forecast of the major economic centres in 2030 in this visualisation by CityMetric, which points to an increasingly China orientated world:

Cities that will contribute the most to growth in global GDP by 2030

Whilst the global economy has definitely been moving east, the short to medium term outlook for many emerging markets isn’t nearly as rosy. Ian Talley profiles some of the barriers that are likely to hold back many countries’ economic growth:

Not so emerging markets

Jan-Emmanuel De Neve and Nattavudh Powdthavee’s research points to a negative correlation between income inequality and life satisfaction:Overall well-being drops as national income inequality rises

Another area where the Nordics have excelled is press freedom with Finland, Norway and Denmark leading Reporters without Borders global league table:

2015 World Press Freedom Index

Whilst London sometimes feels like it’s bursting at the seams, the city reward its residents with one of the most diverse collections of ethnicities in the world (great if you’re a culinary explorer). The Economist has used Office of National Statistics data to highlight the leading ethnicities for each of London’s electoral wards in an interactive map (click on the map below for the interactive version):

London's ethnic map

Dive like Hector is the featured image by  Telmo Miel, painted in Christchurch, New Zealand on top of the YMCA building and published in StreetArtNews.