Technology is making it easier to trust strangers
This article was taken from The WIRED World in 2016 -- our fourth annual trends report, a standalone magazine in which our network of expert writers and influencers predicts whats coming next. Be the first to read WIREDs articles in print before theyre posted online, and get your hands on loads of additional content by subscribing online.
During a recent family dinner to celebrate the engagement of my cousin Anthony, the happy couple ceremoniously picked up their phones and deleted Tinder, the dating app on which they met.
"Weve gone from hook-up to chuppah in less than six months," Anthony declared in his toast. Intrigued, I asked them how many messages they exchanged before they met face-to-face. It turned out they had sent more than 150 texts to each other, over the course of three days.
"I started to share genuine things about myself that I would normally keep hidden for some time," his fiancée told me. "I felt like I didnt just know him, but actually trusted him."
Anthony and Emily essentially met the person they plan to spend the rest of their lives with by swiping right. Their engagement represents not just a digital-age acceleration of intimacy but a world in which the speed and nature of trustis being fundamentally redefined.
Tinder and other dating apps are a green shoot in our understanding of how trust formed between people online can transfer into the real world. On the flip side, we are in the early stages of seeing how real-world interactions could change trust online. Take Alan, a 42-year-old Airbnb guest I recently met, who was highly sceptical of renting a home from a stranger. The place turned out to be much better than he expected.
"The experience changed my assumptions," says Alan. "I was clearly wrong."
That one good travel experience could effectively be the gateway to persuasion, positively influencing Alans trust in the online world and changing his behaviour around everything from believing strangers reviews on products and services to trusting cryptocurrencies that have no traditional entity to trust.
A new trust framework is emerging, fuelled by social, economic and technological forces that will profoundly change not just how we are trusted in the world, but how we view trust in the world.
Understanding of, and research into, the interaction between technology and trust is still in its nascent stages.Stanford University sociologists Paolo Parigi and Karen Cook are studying communities that include couch-surfing and dating sites.
"We have some preliminary research confirming the idea that peoples levels of trust towards others can be modified through the experience of participating in this relatively new form of collective action," says Parigi. "If confirmed in subsequent research, the implication is that trust can be engineered and that technology can play a crucial role."
As I researched platforms that depend on person-to-person trust, I saw that there is a common pattern. In the first layer, people have to trust that a new idea will work and is safe. The next layer is trusting the platform or third party facilitating the exchange. And the third layer is trusting the other user. I call this process the trust stack.
Take the French long-distance ride-sharing startupBlaBlaCar, now connecting more than two million drivers and passengers every month. At the outset, you have to dismiss the warning most parents give their kids: never get in a car with a stranger. You trust that ride-sharing is a safe idea. Then you trust the platform will not only weed out the bad apples but will help you fix any problems. Finally, you trust the driver and passengers that you will share a ride with will be good, honest people.
Over time, people open up to changing their behaviour the more they live in these trust structures. So sharing a ride with someone you dont know can become as normal as driving alone.
As people go through the trust stack in different areas of their lives, the process and comfort of using online/offline trust to make decisions accelerates. A BlaBlaCar user is likely to be more open to finding a lawyer on a marketplace such as UpCounsel than going with a bricks-and-mortar firm. Digital tools are raising our levels of trust in others in ways that are speeding up the disruption of an old norm and accelerating the adoption of new ideas.
This is a threat to big organisational systems -- universities, corporations, banks, healthcare, even licensed taxi associations -- that have depended on people placing value in the belief that traditional safeguards and centralised guarantees will keep them safe and render goods and services reliable.
As this traditional institutional trust framework continues to crumble, it creates fertile ground for technology-engineered decentralised trust directly between people.
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Windows 10 update for phones delayed once again Microsoft expects to launch it next month
Windows 10 update for phones delayed once again, Microsoft expects to launch it next month
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Its a frustrating time to be a Windows Phone user. Back in October, Microsoft said that Windows 10 updates for Windows Phone 8.x devices would be available starting the end of 2015. But the company had to delay the updates to "early 2016." If youre hoping that this means January, we have bad news: it does not.
According to Venture Beat, Microsoft announced partners (via email) that its delaying Windows 10 updates until next month. Reportedly, owners of Windows Phone 8.x handsets should expect to get the new version of Microsofts OS starting early, or mid February.
February is also the month when Microsoft is allegedly planning to announce and launch the Lumia 650, which should become the companys fourth smartphone to run Windows 10 out of the box.
Meanwhile, you can experience Windows 10 on a phone only if youre a member of the Windows Insider program, or if you have one of the three handsets that Microsoft released in late 2015: Lumia 950, Lumia 950 XL, or Lumia 550. Speaking of the 950 and 950 XL, both should receive firmware updates next month.
source :- http://www.phonearena.com
Apple stock destroys 218B How low can it go
Apple (AAPL) is the poster child of this market crash. It took a market meltdown to help expose just how overvalued the stock was. The question is how much lower can it fall.
Shares of the gadget maker closed down another $2.47, or 2.5%, to $97.05 Friday capping off whats been a breathtaking 28% decline from the stocks high last year. Apples fall will go down as one of the biggest wealth destroyers in recent market history - shredding $218 billion in market value from the markets high on May 21, 2015 adjusted for stock buybacks. Thats more than the entire market value of roughly 485 stocks individually in the Standard & Poors 500.
Apple is the most widely held stock by consumers so it is the market to many. By that measure, Apples shares are a disaster amid this latest market downturn. Apple by far has accounted for more of the market value lost in this market decline than any other. Energy pipeline company Kinder Morgan (KMI) is the second biggest wealth destroyer but it only wiped out $63.5 billion from the high.
The question now is how much lower Apple shares can do. Here are some ways to think about that:
? $92: Apples previous intraday low. Shares of Apple plunged to $92 a share on an intraday basis back in August during a market malfunction. Many investors are hoping this previous freak-out low will hold.
? $77: The pattern of where Apple shares have crashed before. The last time investors worried about slowing smartphone growth sent the stock down 43% between Sept. 2012 and June 2013. If Apple drops from its $134.54 high to the same degree, that would put the shares at $77.
? $39.65: This could be somewhat of a worst-case scenario. Apple investors like to say Apple is cheap because it trades for 11 times its diluted trailing earnings. Theres just one problem Apple is a giant hardware company. Large hardware companies tend to have low multiples. Theres really one one decent publicly traded large hardware company left: HP (HPQ). HP, a seller of computer hardware, trades for 4.3 times trailing earnings. That same multiple applied to Apple would give it a stock price of $39.65. Growth mutual funds, like American Funds Capital World Growth & Income Fund and Hartford Capital Appreciation fund have slashed their holdings in Apple the past six months seeing signs that the companys rapid growth is stalling, according to Reuters.
To be sure, while analysts are worried smartphone sales are mature and slowing, thats a far cry from the state of the personal computer or printer market HP is competing in. HP is expected to grow just 3.5% a year over the next five years. Thats a fraction of the 13.3% long-term growth analysts expect from Apple, says S&P Capital IQ .
These scary scenarios may never come to pass. Analysts remain bullish on the stock despite signs of a slowdown and are calling it a buying opportunity. Analysts have an average 18-month price target on Apple at $142.91, says S&P Capital IQ. If correct that would be a staggering upside.
Meanwhile, Apple is sitting on more than $200 billion in cash and investments. Even if you strip out the companys debt, the company still has a tangible book value a share of $19.78. That means Apple is trading for just about 5 times tangible book value which is a discount to the average 11.2 price to book value of companies in the S&P 500. If Apple were to trade at that multiple, it would be worth $221 a share.
Theres no question Apple was overvalued - given the historic decline in its value. But the question now is what is the right price? Given the huge range of possibilities - you can understand why Apple has become the ultimate battleground stock.
Matt Krantz on Twitter: @mattkrantz.
Poll Is it time to cut your KitKat phone loose
Poll: Is it time to cut your KitKat phone loose?

There are a few problems with older smartphone OS versions. One is security: more ways to exploit software are discovered all the time, and once Google ceases to support an operating system, youre on your own.
Another problem is that smartphones running older software tend not to perform as well as those with newer software. There are exceptions, crippling bugs, etc, but at this point, Android Lollipop is running fairly steadily.
Lastly, Android Lollipop and Marshmallow have a handful of unique and interesting features, which you just dont have access to with a phone that is stuck on KitKat. Features like Google Now on Tap, and the recent apps menu, to name just a couple.
So my question to you is this: if your phone is stuck on KitKat, and wont be updated, do you think that now is the time to abandon it?
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