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Thanks, but there's nothing novel about it. It's a recurring theme in technology (computing in particular) where something is invented, delivers short-term prof
by disease 9y ago
Thanks, but there's nothing novel about it. It's a recurring theme in technology (computing in particular) where something is invented, delivers short-term profit to a small group of people, and then becomes standardized in some way that allows a greater, long-term benefit to a broader audience. I'm sure some economist somewhere has even come up with a clever name for this.
Obviously the model I describe will not generate Facebook-scale wealth for any individual player, but I believe there is still good money to be made in addition to the positive externalities that come from standardization and decentralization.