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It's shocking that so few people in a forum that is basically dedicated to the business of information technology have such a blind spot to the economics of our
by williamcotton 11y ago
It's shocking that so few people in a forum that is basically dedicated to the business of information technology have such a blind spot to the economics of our industry. Yours is the only mention of the word "economics" out of many dozens of comments.
You'd think by now that we'd have a way to treat digital media as property that can be bought and sold on a marketplace. This price discovery would then make a great entry in to a book of accounts.
The current info-economic system is mainly selling advertisements to pay for nothing more than servers and other operation costs. The content itself is worthless, not because it doesn't have costs in making it or is something that consumers don't value, rather because we've purposefully kept it out of a marketplace.
These VC funded information technology companies only have one business model: create and exploit a private monopoly. Control identity. Authorize the use of any and all interactions with data.
I'm not going to discuss my thoughts how to fix this because my opinions on the matter are incredibly unpopular on HackerNews and frankly, I'm sick of feeling like crap after getting a bunch of silent downvotes after I've spent time writing something thoughtful.
- eevilspock 11y agoI can't remember your other opinions but I agree that the economics is a serious problem. https://news.ycombinator.com/item?id=9961761 https://news.ycombinator.com/item?id=9961761