So what is Google Wave's FFT? What constituent parts does it decompose into?
So on to further thoughts on Googles, Elephants, Waves, FFTs and (of course) communications.
We can, like, start speaking metaphorically, like, what is wave like? (I'm practicing to become a, like, teenager).
- Wave is like IM, hmmm, no, more like email, well, not email, perhaps threaded email. This train of observation is like grasping the elephant's tail. Certainly the observation is correct, but i'm like, missing so much of the picture. Lets try again.
- Wave is like a Wiki. Again - correct, but a little incomplete. Combining two correct interpretations that are as disparate as WIKI and Webmail certainly leaves a lot of room for interpretation. Perhaps the 3rd time will be lucky.
- Wave is like a Twitter stream. Oh sure. Climb on the bandwagon, dude (he mutters to himself). Certainly watching some of the usage of wave it appears that this modality of use is something that meshes well with the user population. Again we suffer the dissonance of inequality. Wiki != Webmail != Feed.
- Gadgets and Bots make it like sort of like a Facebook, or potentially like an application in a cloud-based SaaS offer.
- Of course it is a Social Networking site / tool / whatever, ...
- and Google has just proven that it is not a Buzz (for that is something different).
So if it is hard to understand, and hard to determine how to use it, or what it is for, then is it significant? I would not want to bet the farm, but I will note that Wave is real-time, and so are most people that i know. It is also supported by a large and patient company - it will have chance to grow (or die a slow death).
I await the mobile and native clients (perhaps embedded in Chrome OS), and enough of my community becoming users, in order to make it useful. Time will tell, but I certainly will not bet against it.

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