2. What are the biggest problems stopping your industry from growing?
3. Can something be done about it?
But every few months (weeks?) I see a post by a founder-type essentially trying to mine the Hacker News collective brains for startup ideas. It doesn't work that way. The best startups are ones that solve a pain point you yourself have experienced.
The idea of a savior who comes in and solving the major problems of an industry they have never worked in is not a myth but close to one. (Elon Musk being a notable exception with cars and space flight... but he has the capital to attract domain experts to fill in the gaps)
I'd point out the problems in my industry except I am actively working to solve them :)
With that said. Don't let a "know-it-all" on HN (myself included) tell you what to do. If you want to tackle a hard problem in an industry you don't have experience in, please do. You might be the next Elon Musk, I don't know you so I don't know.
If that wasn't your goal with this question... again I apologize.
Aww, yisss. Case in point, EDA and, in particular, hardware description languages and tools. Every discussion I've had with someone trying to get into this has been so cringe-worthy that I'm actively avoiding now. Every self-professed hardware hacker thinks they have the solution that's going to end all this painful Verilog kerfuffle and yet they're so, so far from getting it.
Like the folks who thing the biggest problem with Verilog and VHDL is that they're so alien that it's hard to get software developers productive with them. Lack of electronics knowledge is what prevents most software developers from being productive in Verilog. A "better" language won't help. Paying attention in their Electronics or Systems classes is going to be ten times more helpful than a Scala/Haskell/whatever-is-fashionable hardware description language.
Or the people who think that development tools are what's holding FPGAs back and that FPGAs would be everywhere, were it not for how hard it is to program them. Trying to explain them that FPGAs are pretty slow gets impossibly difficult as soon as the words "Intel" and "softcore" are mentioned.
Not that there aren't a lot of things to improve in FPGA development tools, or in hardware description languages (which is why you see so much work being done on increasingly higher-level synthesis tools). But unless the number of millions of dollars you're willing to invest is not at least half the number of years you've been studying high-speed IC design, chances are you're as far removed from having a serious answer to all these problems as you are removed from being a modest person.
/rant
My wife was an Electrical Engineering major and when I started dating her I saw the Verilog and actually tried to improve it. Although my approach was more a better IDE and emulator than reinventing the language.
I didn't get far. The domain knowledge of electronics needed was too much for me to deal with and still do my own coursework.
I am working in the FPGA industry. I definitely agree with you.
But possibly I am a little too close to the current industry and way we do things. There's new applications around the corner that need innovative ideas. The innocent fresh perspective could be the seed for something. I am sure if any real decent improvements were started by a SW person, the big companies like Intel would be eating it up.
It funny how people on HN were raving about Altera & Intel recently because word on the FPGA street was that Intel weren't happy with the acquisition. Xilinx has had 14nm FPGAs for a long time while Altera's are nowhere to be seen still. Everyone's expectations of a Xeon with Altera FPGA on the same die are years away I am betting.
1. Improper clock domain crossing
2. Improper timing constraints
I have never used ASIC quality verification tools. But to me a free tool from Xilinx/Altera like valgrind or clang sanitizer would be huge for FPGAs.
Or even just a way to "diff" two bitstreams, one that is "bad" and one that is "good" that were from the same source to see what makes the bad FPGA bad would be huge. I mean bad in the sense that some probabilistic/annealing algorithm used during FPGA synthesis on a net with an incorrect timing constraint lead to a FPGA that doesn't work as intended.
I went from logic to doing software. Can't say I miss the FPGA world. Seems so much easier to get software right.
I've no intention of taking it further than that, because the industry is extremely conservative and there's no money in programming languages.
(I agree that the FPGA-silver-bullet people are annoying. And that people need to realise that FPGA is not programming. But perhaps the tools could help a bit more with that.)
I find Verilog quite intuitive as is, but the tools are rather crude. I.e. until recently Altera's Quartus felt like a hack some students put together in their spare time - missing basic IDE features, interface bugs that get in the way, poor programmer support on Linux and so on.
This is especially true when it comes to high level problems in most industries. In most cases there are a few hundred or more smaller issues that add up to create the bigger high level problems, and those issues are almost never even considered when the startups try to disrupt the industry.
Every industry, no matter how small is going to have issues the derive from third parties and outside players that can't be solved by a twist of the business model.
There are a lot of old timers using very old dos era applications in their day to day business, and if you really spend time with them and learn their business you'll learn there is almost always a very valid reason that they haven't switched the latest greatest web-app software that startup founders tend to think can solve all of their problems.
The moral of the story is, founders need to stop trying to swoop in and disrupt industries where they don't even have a clue of the real pain points, and their SaaS solution would just be a new coat of paint on on old issue that isn't solved.
This was intended as (unsolicited, granted) advice to the person asking the questions to examine their goals. If they know they are fighting an up hill battle going in, hopefully they will be better prepared for the fight they are in for. Doing a startup is difficult even when you are a domain expert.
If the interest was purely academic... carry on :)
Also, as I said in a comment the other day on a different post [1] I do think that under the right circumstances not being an "insider" in an industry is an asset not a negative.
I find that for those problems sometimes you don't even need to write a single line of code. Changing the process or the way people think about the problem can be sufficient.
Although I imagine if you drew a venn diagram with easy & important & unsolved then the intersection will be relatively tiny. And from a business defensibility standpoint the barrier of entry may be too low.
Yet there is zero money in writing development tools :(
If you write development tools that save other people time, there is plenty of money in that.
In any case, what's wrong with trying to probe your peers for ideas and possible brainstorm? If you don't want to participate, simply do not comment, no?
I am a genuinely curious individual, and these are the questions I also like to ask, and not always because I want to profit immediately from them.
I'd be curious to get more of your feedback regarding this.
I interpreted it more as a warning that these discussions are not a good way to get startup ideas. Startups need domain experts to understand what the market will pay for, making connections, and so on.
Say somone in the pharmaceutical industry posts about their problems ordering medicines. It's a fine problem, but the point is that the OP is not in a good position to solve it, as he or she is likely lacking industry experience and contacts.
The ideas you come up with yourself are more likely to be the ones you do have the experience and connections to work on.
I think Bezos would be a much better example than Musk. Musk is in the process of nudging the car industry a bit (or so SV tends to want to make the rest of the world believe); Bezos basically obliterated small-scale retail as we knew it.
But it does a lot of harm to the person asking the question if they make a life changing decision based on it without being prepared going in.
I just wanted to offer some advice to the person asking the question so if that was their goal and that is what their intentions are then they can go in perhaps a little bit more prepared.
But on average, it'll be something that a bunch of other people tried or are trying to solve, so there will be more competition. A typical example is that most start-ups seem to focus on the end consumer despite the fact (well, assumption) that there's more opportunity in focusing on problems that companies have.
I think there's a lot of value of tackling non-IT problems with SV/startup/tech way of thinking. SpaceX might be an example of that - iterative development, openness, company culture, etc.
I think, what you are trying to say is that it takes a great deal of domain expertise to fully appreciate and understand those problems. But, you've got to start somewhere. We don't need millions of entrepreneurs trying to build even more meaningless social/gaming apps.
He might need to work in that industry to get enough knowledge to learn about the problem, but, you gotta start somewhere.
The title needs to say something like "April 2017" or "May 2017" though.
This is a natural extension of "startup founder" becoming a an aspirational occupation for kids fresh out of college. Who needs real-world experience? Disrupt!
Technology is a tool to to aid your expertise.
Discoverability
In the "good old days" where 2 people could make a video game, odds are that just shipping something guaranteed you'd make money. But that's no the case anymore now that 1000+ apps come out every day on iOS / Google Play. Of course most of those are crap. But you could be making a great game that caters well to a particular audience or niche, and yet you might still fail just because no one can find it or really just be aware of its existence.
The "simple" answer to this is marketing. Hustle your way to some visibility, partner up with some publishers or some platforms holders, and get as many eyeballs in front of your game as possible. However this effort is very close to being "zero-sum." Either you win and get your promo art banner at the top of the app store, or someone else does, but you can't both get it. It's less obvious when it comes to PR and having articles or game review written about you, but it's still there: with so much noise now on the internet, it's hard to generate a meaningful signal.
The harder solution is being tackled by the app stores themselves. Steam, iOS, etc. have all been improving the way games are presented in their stores. There's more focus on specific genre features, more flash sales, more suggestions based on what you already play. It's a decent effort but I don't think it's enough yet.
What can we do about it? Not sure. Algorithms that try to discover what you might like based on your previous purchases are nice and all, but most of my favourite gaming experiences were surprises that came out of genres I didn't expect (e.g. Rocket League), so this can only go so far.
Interesting stuff with scanning real world items and photogrammery but these techniques aren't widely used yet.
Marketplaces for models don't tend to solve this because quality isn't consistent and unique content is preferred.
And hell, you and I are competing for the same resource: people's time and attention to give to our little package of artistic effort.
So far the solution in comics seems to be "oh i know i'll make another damn portal, or another damn hosting site", which I'm pretty meh on.
In games, Steam and the app stores are so critical because they have a massive audience that already have accounts that can make payments with minimum friction.
20 years ago just having a website and word of mouth was enough to get a players club going.
I've said this a few times but we're going through a growth period like AAA video games have over the past 20 years.
I used to be that 2 guys could make a video game, then it went to 10, then 50, now its around 200 from what I've last heard.
Hedge funds are going through a similar shift.
It used to be that one person could manage data cleaning, and algo generation for a fund.
Then cleaning got split out into its own job.
Then the number of data streams exploded growing by a couple orders of magnitude.
Then the data types diverged so that each new data stream needs its own special cleaning, and normalization and even data storage, ie some data isn't suitable for a sql or non sql database storage, like satellite images.
Nowadays a typical algo fund might make use of 100 different algos for trading, each of which has 20 different inputs, some real time, some updated irregularly.
It takes those signals and weights them to come up with a trading signal, which then gets mixed with a portfolio balancing signals and risk signals.
It can be tough to disentangle each individual signal from the algos themselves so even things like detecting if a signal still has alpha generating abilities is tough.
You can have 10 people just back testing signals and monitoring risk levels.
And the growth of data and data sources isn't slowing down.
This is good if you are one of the larger players, see Virtu buying out competitor KCG, who previously ate competitor Knight Capital, yes that fund with the huge blowup, but not so great news if you want to remain a small, person wise, fund.
Not sure how to run a quant fund anymore with only 4 people. Not sure anything an be done about.
Hosted data-sets that are fully cleaned, verified and kept up to date. You pay a fee for the feed, which essentially covers initial and on-going curation. Fees would probably be based on usage (dev/test/commercial etc) but also the realistic market value of curation.
There's a mile of difference between a data-set that's been fed through a few cleaners and is 99% right, and one that is thoroughly checked, 99.99% right, and still updated as such with little delay. The former is the "one-man dev looking for easy passive income", the latter is the "quality datasets taken seriously".
The edge is something you have and other people don't.
Enjoy your feature engineering.
(Meaning: selling the same curated data product to many customers undermines its value. Overpricing it and selling only to the selected few, on the other hand...)
2. Excessive costs, lack of performance among professionals
3. Change in attitude seems to be the biggest factor. If lawyers stop being about fighting and competing and persuading and more about tackling problems, getting to the truth and finding solutions, we can have a much better chance of succeeding.
There is a lot of opportunity for automation that no one seems to want to get involved in. A good example is document discovery which has been largely automated.
Other areas that could be automated include divorce. For example, in my jurisdiction what each partner is entitled to on divorce in terms of child support and alimony and division of property are set. There is some room to argue about custodial arrangements but not very much.
Given this - there is absolutely no reason to have many years of contentious divorce suits. If there was someone way of just entering the information into a computer and informing both couples of what they are entitled to and then working from there - I believe we would be much better off, because, although I haven't done alot of divorce suits, but in my limited experience it seems to me that lawyers certainly have a large role in exacerbating them and needlessly.
Email is in my bio so feel free to ping me if you want to chat about it!
Ideas: http://www.oppsdaily.com/
Already done successfully
I'd also add https://flippa.com to this list.
It's interesting to see which businesses are being put up for sale.
FYI it's https://nugget.one/daily - for the free daily startup idea :)
Tenure is a huge cost to the university and not every professor is both an amazing researcher and an amazing teacher. So you have a chunk of the budget spent on old researchers while poorly paid adjuncts fill in for undergraduate classes. Not sure if fixable.
Politics runs everything. Broken clock Ayn Rand was at least somewhat right in Atlas Shrugged when she speculated that bringing about the end of money would usher in an age of pull. That's exactly how higher ed works: unless you can justify your work with student evaluations and big $$$ research grants, politics runs a lot of decisions. Not sure if ever fixable.
No two American universities are alike. Colleges within universities have major differences too. Good luck getting any real traction consolidating IT services. Everyone has different needs and cut-outs for their work.
Higher education is a hydra. It cannot be fixed or reformed at the drop of the hat or with the use of an app.
Abandon simple solutions, all ye who enter here.
Homelessness is on the rise nationwide in part due to a serious lack of genuinely affordable housing. Among other things, in the 1960s and 70s, we tore down a lot of SROs. The Baby Boom generation was an anomaly. The unprecedented wealth of their parents was due to WW2. Yet, expectations from that era still shape housing policy and infrastructure, much to our detriment.
You do not necessarily need to be a construction company to play a role in addressing this issue. Another very serious problem is the lack of financing mechanisms for housing alternatives. For example, co-housing projects in the US tend to be self financed because we do not have financial products that fit them. This actively undermines their ability to add affordable housing to the system, a purpose they successfully serve in other countries, from what I have read.
There are, no doubt, many other things one could do to work on this issue.
You might think that there's no shortage of phone Repairer's out there and your right but you can bet that 90% of them are self taught or eventually taught by someone.
Considering the amount of important information we store in phones and the price of the devices it has now become more important to ensure that your phone repairer knows what they are doing and of course has a reliable supplier
* Reproducibility -- running code months or years later, on another machine.
Current tools, like VMs tend to be too heavy-weight. Docker is too hard to set up.
The main problem with these various tools is that exploration is slow -- Often I'll take an experiment, tweak it a few dozen times, then finally get the code for a paper. At that point I don't want to package it up, I want to be able to "freeze" where my last execution.
2. Most people don't like their jobs but suck it up. The 9-5 grind, climb-ladder, can't switch careers, lack of meaning, social pressure to have job. Getting laid off, searching new job, financial downsides of being unemployed
3. Restructure the job model/market (flexible choices, live comfortably, security)
Unengaged workers- Gallup poll on American workforce trends http://www.gallup.com/reports/199961/state-american-workplac...
2.1 Access to energy / energy density of fuels (batteries included). This is the case across a wide range of industries and problem areas of course, not just transportation. But incremental optimizations in efficiency have lead to squeezing more performance out of the margins, but no Moore's-law type growth will ever happen without some kind of energy breakthrough.
2.2 Going forward, tightly coupled systems will be the norm. The traditional tube-and-wing aircraft with bolted on nacelles is a bit of a dead end for civil aviation. Systems to enable a more complex design workflow (e.g. graph based dataflow with accurate gradients) will be more paramount.
3. Research into the next generation of energy storage materials, and improved large-scale gradient-based numerical optimization algorithms.
2. Oligopoly[0] just a few companies who deliver live results.
You would need a ton of cash upfront, to hire people who would watch the games and would press buttons in order to inform you about results so you could parse them and deliver live results which eventually would become a live API.
But as you can see, there are people involved in this, who watch all those games, if you can manage to automate this, without requiring too many people, you are a rich man.
Let's put in that way, almost everyone consumes their API if they are offline, we are offline.
One could argue that the masses would always return the correct score but imagine 50 people debating about sports, there are 50 opinions and the truth somewhere in between.
And therefore those people also called 'scouts' must be trained in order to accomplish the job.
3. SystemVerilog is not really at the right abstraction level and still has many of the problems that face Verilog. It is sort of what C++ is to C and what I need is more the equivalent to rust.
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.232....
2. I don't know if it's stopping the industry from growing, but existing communication tools (specifically chat, email) are a serious drain on attention and productivity. See http://www.paulgraham.com/makersschedule.html.
3. I'm working on it. Might be better tooling, might be educating people on how harmful they can be.
Yes, I spend way too much time on frivolous internet activities but when stuff needs to get done, it gets done.
No, I cannot use my time any differently to magically become more productive and build myself a side hustle or teach myself Sanskrit or whatever. Just because I now read a hundred success stories doesn't mean I have emulate and chase after adding to corpus of human growth and knowledge with blind focus.
It's ok to work enough for a living and not impose artificial expectations of extreme productivity on myself.
Of course the existence and popularity of something like Soylent goes against my assumptions. I imagine there are just people who value their time over enjoyment from food, as well as people who feel the opposite.
- Only drink water
- Eat once a day
- Eat the same thing every day (mostly)
- Prepare all your meals once a week
If you ignore weekly grocery shopping and meal prepping, I spend less than 1 hour a day thinking about food, preparing food and eating food.
2. Cost of launch locks out potential customers and limits R&D uses. Global launch cadence is slow; getting into orbit is a multi-year adventure.
3. Yes, we're working on reusable rockets.
However, this only goes so far. Personally, I think that more money needs to be put into non-rocket modes of space travel, so that there's some competition. The fundamental problem is that it takes so much energy (and, with rockets, so much mass fraction optimization) to get to space, so it's difficult to engineer things with physical margin.
If you could build a rocket like a car (just toss some more steel in the frame and call it a day, with no need for the obsessive mass savings), getting to space would be a bit easier. If you had a power source that doesn't shake and bake its surroundings, getting to space would be a lot easier.
2) A lot. Publishers relying on clickbait to generate money. Advertisers creating invasive ads with autoplay sound and video. Ignoring do-not-track requests as part of the industry (even if some technology providers respect DNT, it seems like a lot don't). Malware. A lot of useless metrics. Bandwidth usage. Etc...
3) Micro-payments vs delivering content only when an ad has been seen? Validating content delivered through exchanges. A better way to anonymize data used for tracking? Smaller ads. Honestly, I'm not too sure, there's probably a lot that can be done but I feel the industry did too little too late.
I think there's a massive opportunity to lower costs and improve user experience in every area. I wish Apple used their pile of cash to invest in a big vertically integrated healthcare service - a chain of hospitals, in-house-developed software throughout, improve user experience, integration and tech on every level. Basically healthcare rethought from the ground-up with Silicon Valley consumer-oriented mentality. Yes, extremely daring, but they're in a unique position to pull that off.
Lowering costs is a good example, but once you're inside you realize that the entire industry has been built from the ground up to create high profits and gains, and trying to change that leads to a quick exit. So once most people are on the inside they just go along with it and play ball because it's the safe and profitable thing to do.
Everyone wants change with healthcare, but short of the industry collapsing and being re-built, I don't see way that it's going to happen, though I'd love to be wrong.
2. Product complexity, legacy IT & culture and regulation
3. Provide regulated banking services as a lean platform / utility, let others play on top
(3) is not easy to execute and no, blockchain is not the answer
https://tech.ed.gov/developers-guide/
I highlighted passages of note here:
http://mxplx.com/Reference/id=2090
It's a great opportunity in a field that, despite budget cuts and under-funding, still has millions of dollars to put into software that could meet the needs of school districts across the country. Most of what's out there now is sorely lacking, leaving teachers and schools to use a patchwork of solutions to meet their needs.
2. Hiring Process
3. Replace meaningless whiteboarding interviews AND silly notepad algorithm questions, with a live coding interview on a laptop and a real development environment.
Companies would be surprised how fast and efficient the hiring process would be. They would stop eliminating a bunch of great candidates by running relevant technical interviews and not silly CS academic stuff. I can spend 3 month memorizing 500 algorithm solutions and nail all your 45min technical interviews. I would get an offer, a kick ass package and I would join your team. Then, on my first day I'd ask for help from my colleagues because I can't even setup my development environment. I'd write buggy code that doesn't integrate well and wouldn't be able to understand how to design a system. All I'd know is how to write text in a notepad and how to flip a linked list on a whiteboard.
But hey... I'm smart! And now I'm rich :)
2. Not enough companies want to use newer web technologies and advancements in AI & machine learning to train their workforce
3. Yes but I think it'll require younger incumbents 'eating the lunch' of more established companies for this to change
trying to use AI & ML is ok, but why they should use newer web technologies? web technologies are changed so frequently and outdated, its bit scary to jump in to new web tech.
And, it seems Perl IDEs/debugging tools aren't as good as they should be. We're still using the command line debug tools for Perl, and can't even set a breakpoint before that line has been executed.
2. Seamless, lossless, low-cost interoperability
3. Doubtful. Many companies profit by providing custom products and services to address the problem.
2) Massive underfunding from central and local government; entrenched ways of working; incorrectly defensive working; dysfunctional cheerleading of incorrect approaches
3) Yes. Improve efficiency. Move to better ways of serious incident analysis. Challenge people who cheerlead incorrect approaches. Push for more funding, especially using Spend-to-Save data.
Huh? So x-rays have become plentiful and cheap due to competition-driven innovation? How is that a problem?
2. Funding/Capacity.
3. More money.
Funding and capacity limitations are indeed the cause of problems, but they're not root causes. They're symptomatic of broken political systems, broken business models, and a moribund industry that often delivers shockingly poor value for money.
Similarly, more money is a solution, but it's not necessarily a good solution, if the majority of that money will be lost due to graft, mistakes, and inefficiencies. (McKinsey estimates that around $1 Trillion dollars is wasted every year, across all classes of infrastructure.[1])
(Note: this assessment has a lot of regional variance. It is mostly true in most of America, mostly false in Singapore, and has various levels of applicability in between.)
Anyhow, before simply throwing more money at the problem, I'd recommend taking a look at how the politics, business models, and industry workflows can be shaken up a bit.
1: http://www.mckinsey.com/industries/capital-projects-and-infr...
Afaik, the Vancouver skytrain still uses the original OS/2 software to run.
In the publishing industry (where I have worked since 1997), the transition from print-only to print-plus-digital that began around 1999 and really got underway after Amazon released the Kindle in 2007 has finished. Now we have an industry in which print and digital co-exist (at different levels – 50/50 for fiction, but more like 80/20 for non-fiction, and even less of digital for more complex product types like Bibles). Currently the growth area is audiobooks, led (of course) by Audible.
2. What are the biggest problems stopping your industry from growing?
Publishers have not really solved these problems:
(a) How to distribute very small publications and receive very small payments? We're still reliant on credit cards for payments, which pushes us to a smallest payment size of about $1.99 or so.
(b) How to increase discoverability? Most publishers are reluctant to post all of their content in a web-searchable and social-shareable form (for somewhat obvious reasons). However, this means that it's hard for them to draw direct traffic to their books.
(c) How to reduce reliance on the behemoth of online retailing? As physical bookstores have died away, publishers have recognized that they are too reliant on one distributor, which is a dangerous position to be in (as that retailer has shown itself very ready to use monopsony powers to bully their suppliers). Most publishers have direct-to-consumer selling operations. But (a) and (b) and other factors mean that they find it extremely difficult to draw traffic to their sites.
3. Can something be done about it?
I have been working on some of these problems in my business (http://blackearthgroup.com). Here is a sketch outline of how I would encourage publishers to solve these problems:
(a) Micropayments are needed, and to do that we need an online currency that can be used to buy content without going through the credit card processing network. Publishers should invest in the development of an online token that they would support on their sites. Customers could then purchase a supply of tokens and use them on publishers' sites to buy content. There are a couple of projects like this in the works. The simplest approach would be to create a coin based on the Ethereum network, and then support that coin for all purchases. (The hardest part of this is probably that the value of the coin would not be completely stable, because Ethereum is not, which means that publishers would have to either adjust their token prices regularly, or would have to live with variability in revenues to sales – this problem is solvable, but it requires a lot of capital to create a value stabilization mechanism.)
(b) Publishers should put all their content online in excerpt chunks using non-discoverable public URLs, then submit it all to the search engines, and start sharing excerpts through social channels. It is true that some of the content would be given away, but that would be limited because each excerpt chunk would not be linked to the others in the same publication – access to one would not grant access to all. Using full-content search and sharing is one of the best ways for them to draw more organic traffic to their own sites. (They'll need to invest in better discovery mechanisms on their sites, too.)
(c) Publishers have a real chance of building a customer base in their own content niches, if they invest in developing a content discovery and purchase experience that is significantly better in that niche than what customers experience on Amazon.
(Cross-posted to my blog: http://blackearthgroup.com/2017/04/20/what-are-the-greatest-... .)
- pay a flat fee of $x to deposit any amount up to $y
- pay nothing to transfer <$1 to another user (really just shifting numbers in a spreadsheet)
- pay $x to withdraw up to $y
You are incentivized to deposit more to make it worthwhile, fees don't eat into your per transaction revenue, and you're incentivized to wait for at least $y to cash out for maximum benefit. The company can invest that $ in the meantime and earn a low yield on a money market.
I'm sure if it were that easy it would already be done, but it makes sense to me.
What 60 year old romance novel reading knitting enthusiast will take the time to understand micropayments? They would just say "pass" and go find something else to read.
There has to be a demand for micropayments to have a problem to solve, right?
2. Knowledge sharing within companies/organizations. Formal methods (primarily their absence). Effective use of simulations in design, development, and V&V efforts. Requirements traceability (this is mundane and seems bureaucratic, but it's critical here).
3. Yes, to everything.
For the first, break down information silos and project fiefdoms. Allow for greater flexibility for staff to move across project boundaries so knowledge can be shared more equitably, and people can see other teams work (learn both good and bad things here). Training. Make it a recurring event. Not the crap training many organizations do. Have a seminar series where people come in and present on something, not always directly related to work. Encourage people to write up their lessons learned, and perform and publish post mortems on projects. Take the approach of avoiding blame, focus on correctable errors and faults along the way (these are primarily process faults, not technical ones; where technical they're typically design and not implementation errors).
Formal methods and simulations are much easier to get started with today than ever. I'm not even talking about making a full-blown simulation of the final system, just high level "is this protocol sound" models. Presently working on radios. I don't need to implement a simulation of every detail of the protocol, I just need to know things like: If we add this new message, that must be sent so often, can it actually get broadcast at the correct frequency within the physical constraints of the radio? This turned out to be NO on one project I saw (not worked on), but not discovered until it was implemented (several man-months wasted). A message was supposed to be sent out every X time slots, containing N bytes of data. Each slot allowed you to send MAX size. Other messages also had to be sent out, say every X4 slots with size M. N+M > MAX, meant something wasn't sent. Both were mandatory, by design the protocol couldn't function. Another similar issue, though requiring a more complete simulation/model, was that one of the processors handling some of the messages simply wasn't fast enough. It was required to (worst-case) process N messages within X microseconds, but could actually only process ~N0.75 messages. Admittedly, this was worst case behavior, but by the system's design (protocol requirements, selected hardware, selected data bus, selected program design) it could not achieve the required performance.
The more complete the simulation, though, the better off you are. Technical solutions already exist, it's primarily an issue of finding good case studies or getting an amenable manager to sign off on trying it to demonstrate the cost savings (versus the typical approaches, which in my experience are often significantly late and errorful). Also being at the right stage in a project. Being at the maintenance end, constructing these models/simulations is harder than when you're taking on a novel project.
But, simulations also aid V&V efforts. If you can construct a full(er) simulation of the radio network, your V&V team can start creating test cases, procedures, and models and verifying that they're reasonable. From a protocol perspective, this is relatively easy on our radios, setting aside timing. So ignore time (as a strict concept) and instead focus on time slots. Create a simulation where each tick corresponds to one time slot, let computation run as long as needed. At the end, you'll see what should show up from the radios given some inputs. Run these through your data analysis tools to exercise them, and when you have functioning radios you can use these tools to create simulated network peers (pre-generated network data played back to the radio being tested).
For requirements traceability, just stop using Word and Excel. Use an actual requirements database. I know DOORS sucks, but it's infinitely better than Word and Excel.
