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You sell 1 ton for $20, and I sell 1 ton for $10 but thereby increase the demand (for my cheaper iron) more than double, I'm not only going to outsell you in "t
by dusted 5y ago
You sell 1 ton for $20, and I sell 1 ton for $10 but thereby increase the demand (for my cheaper iron) more than double, I'm not only going to outsell you in "tonnage" but also earn more cash than you. My cheap iron will make people make things out of iron like never before, things you wouldn't even consider back doing with $20 iron.
The scalability of software greatly amplifies this point.
It's not the work being done that creates value, the work must be done, sure, it can be done by anyone.. Most programmers have the technical skill to build billion dollar products, and some of them do (mostly for others), and yet, most of us are not "fu" rich, because we've not had the idea for what to build with those skills.
- lewispollard 5y agoLargely I agree with you, except that particularly in software, ideas are a dime a dozen and good executions of ideas are much harder to come by. However, the market is full of popular, poorly implemented ideas. So I guess you're right.
- gtsop 5y ago> It's not the work being done that creates value, the work must be done, sure, it can be done by anyone. If you have a great idea, can you covert it to money without working? No. Maybe, you might say, you can sell it to smdy else, thus you made money. Ok. Does this person who bought your idea made any money without putting in any work? No. I challenge you to become rich by making up a lot of great ideas and doing none of the work. Go ahead.
- dusted 5y agoI can do the work, easily, but I can't come up with an _actually_ good idea, which is my point to begin with. Work = Easy. Good idea = Hard. Ideas are not good just because someone who has them think they're good, there are lots and lots of bad ideas, and for most of them, their owner is under the illusion that they're good.