2 ms·But you’re saying investing in multiplexing and compression was also dumb?by jameshart 2y agoBut you’re saying investing in multiplexing and compression was also dumb?MP_1729 2y agoNope, I'm notjameshart 2y agoThen your overarching thesis is not very clear. Is it simply ‘don’t invest in hardware capital, software always makes it worthless’?MP_1729 2y agoIt's more like: don't invest $100B in capital when there's still orders of magnitude improvements in software to be made.