4 ms·

There's a lot of criticism of the US/VC model, sure it brought tremendous success stories but it's not clear if the model actually works.

bergstromm466 6y ago
According to some: "It works great!" Thanks to Intellectual-Property-Monopoly Valley the US government has access to all computers all over the world (Intel ME etc.), as well as backdoor access into Google, Facebook etc. [1] [2] [3]. And Palantir works to 'support Homeland security'. [1] https://books.google.nl/books?id=9aamDwAAQBAJ&pg=PT142&dq=%E2%80%9CIt%E2%80%99s+not+just+the+Internet%E2%80%99s+infrastructure+that+I%E2%80%99m%22 https://books.google.nl/books?id=9aamDwAAQBAJ&pg=PT142&dq=%E... [2] https://www.theguardian.com/world/2013/jun/06/us-tech-giants-nsa-data https://www.theguardian.com/world/2013/jun/06/us-tech-giants... [3] https://www.theguardian.com/us-news/2020/feb/11/crypto-ag-cia-bnd-germany-intelligence-report https://www.theguardian.com/us-news/2020/feb/11/crypto-ag-ci...
rorykoehler 6y ago
Ye I’m not a fan. All it does is entrench existing inequality. A few new millionaires are minted but I’m interested in solutions that provide an economic floor for everyone so we can all bootstrap if we want to instead.
- Nasrudith 6y ago
  The distribution is a result of VC being a lotto that pays out well enough that not only is it not a bad idea to play it in terms of return on investment. Unfortunately it takes a lot of money to "buy every ticket". Which means to "win" for a VC they need to win big enough to outweigh their massive pile of failures. Except instead of a lotto board paying out it is growth of a successful company. The second desire? Prepare for disappointment as it isn't a goal. A goal implies a workable path even if it is far fetched like "try to research a way to become immortal". Providing an economic floor is not only not a strategy for advancement (let alone a workable one) it would fail even if you had a magical no knowledge or possession prerequisite requirement provider of infinite "basics" to be unscarce like air or file bit combinations. Economics deal with the scarce - while rendering things irrelevant would be good a floor implies an actual use to build upon into the scarce.
  - rorykoehler 6y ago
    Sorry you lost me regarding why the economic floor is a bad idea. I like advancement too but not at such a high human cost. It is bad value for money and tbh I'm not sure how much advancement is actually taking place as we move beyond the breakneck innovation phase of this technological paradigm shift.

bergstromm466 6y ago

According to some: "It works great!" Thanks to Intellectual-Property-Monopoly Valley the US government has access to all computers all over the world (Intel ME etc.), as well as backdoor access into Google, Facebook etc. [1] [2] [3]. And Palantir works to 'support Homeland security'. [1] https://books.google.nl/books?id=9aamDwAAQBAJ&pg=PT142&dq=%E2%80%9CIt%E2%80%99s+not+just+the+Internet%E2%80%99s+infrastructure+that+I%E2%80%99m%22 https://books.google.nl/books?id=9aamDwAAQBAJ&pg=PT142&dq=%E... [2] https://www.theguardian.com/world/2013/jun/06/us-tech-giants-nsa-data https://www.theguardian.com/world/2013/jun/06/us-tech-giants... [3] https://www.theguardian.com/us-news/2020/feb/11/crypto-ag-cia-bnd-germany-intelligence-report https://www.theguardian.com/us-news/2020/feb/11/crypto-ag-ci...

rorykoehler 6y ago

Ye I’m not a fan. All it does is entrench existing inequality. A few new millionaires are minted but I’m interested in solutions that provide an economic floor for everyone so we can all bootstrap if we want to instead.

Nasrudith 6y ago
The distribution is a result of VC being a lotto that pays out well enough that not only is it not a bad idea to play it in terms of return on investment. Unfortunately it takes a lot of money to "buy every ticket". Which means to "win" for a VC they need to win big enough to outweigh their massive pile of failures. Except instead of a lotto board paying out it is growth of a successful company. The second desire? Prepare for disappointment as it isn't a goal. A goal implies a workable path even if it is far fetched like "try to research a way to become immortal". Providing an economic floor is not only not a strategy for advancement (let alone a workable one) it would fail even if you had a magical no knowledge or possession prerequisite requirement provider of infinite "basics" to be unscarce like air or file bit combinations. Economics deal with the scarce - while rendering things irrelevant would be good a floor implies an actual use to build upon into the scarce.
- rorykoehler 6y ago
  Sorry you lost me regarding why the economic floor is a bad idea. I like advancement too but not at such a high human cost. It is bad value for money and tbh I'm not sure how much advancement is actually taking place as we move beyond the breakneck innovation phase of this technological paradigm shift.