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That type of reasoning really reminds of the Internet bubble.
by EternalFury 2y ago
That type of reasoning really reminds of the Internet bubble.
- dyauspitr 2y agoWell the internet is worth trillions now.
- EternalFury 2y agoThe Internet is worth trillions to no one in particular. Just as clean water is worth trillions to no one in particular. Or the air we breathe. You can take an abstract, general category and use it to infer that some specific business will benefit greatly, but in practice, the greater the opportunity the less likely it is it will be monopolized, and the more likely it is it will be commoditized. But, my comment was a reference to the magic thinking that goes into making predictions.
- dyauspitr 2y agoIt’s worth trillions to all the trillion dollar tech companies and their millions of employees and shareholders. What do you mean no one in particular.
- vasilipupkin 2y agoSure. Expected value and risk are different things. Clearly, such an investment is very risky. It’s easy to imagine SSI failing. But if you allow even a 1% chance of success here, the expected value is infinite