Phi Beta Iota: Both YouTube and LinkedIn appear to have hit critical mass this year. YouTube is now breaking up both documentaries and films of the past into bite-size pieces that can be crowd-ranked for relevance. LinkedIn, which has been mostly a job-hunt site, is now achieving huge efficiencies as a means of leveraging networks as scouts for interesting things (most of our posts here, for example, now come from what we see others highlighting at LinkedIn–connect with either JZ or Robert if you want to be “visible” to us there). Our general sense is that 2012 is going to be a year of convergence, in which past data pathologies and information asymmetries collide with current truths and crowd-level information awareness, and out of it, emerges the Second American Republic and a world that is much more accountable through transparency that eradicates corruption. What is happening is that the “cognitive surplus” of America and the rest of the world is connecting with the “information overload” of the past, and sense is being made in the public interest. We will say that again: sense is being made in the public interest. That’s a good thing.