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I agree. The tech nerds were a great investment recently and so people are trying to spot the real ones in a sea of fakes now. The investors think that spottin
by throwaway13337 4y ago
I agree.
The tech nerds were a great investment recently and so people are trying to spot the real ones in a sea of fakes now. The investors think that spotting the real ones will lead to more of the same.
Maybe that was a moment in time.
Another way to to look at it is through value capture. The things you listed often create a lot of value for the community they're a part of or for humanity as a whole. But these things do not generate as much value to the creators. The creators are unable to capture the value they created but do it anyway.
The last decade can be seen through the lens of tech companies (mostly big ones) capturing the overall value of the tech created at the expense of the communities it once subsidized.
Value capture isn't bad in itself but the immense focus on it kills a lot of the utility of the thing created. More loose forms of value capture created the tech revolution that were then monetized often by a separate group.
The cynically monetized tech will hopefully be outcompeted by the looser forms due to increased utility inherent in its looseness as happened previously.
- EarlKing 4y ago> The tech nerds were a great investment recently and so people are trying to spot the real ones in a sea of fakes now. The investors think that spotting the real ones will lead to more of the same. The good news is that there are real tech nerds out there. The bad news is that any attempt at a general solution to spotting them is probably equivalent to finding a general solution to the halting problem. The worse news is that most investors have no idea what the hell I mean when I say that and so are doomed to piss their money away. Oh well.
- deleted 4y ago[deleted]
- bbor 4y agoIdk “X is like this other really hard/maybe impossible thing” is within the grasp of even the jockiest of Wharton grads ;)
- lambdasquirrel 4y agoI think there’s a subtlety to the halting problem here that’s the catch though. :P