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The original Paul Krugman quote “The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’—which states that the number of potential co
by lazyeye 1y ago
The original Paul Krugman quote
“The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’—which states that the number of potential connections in a network is proportional to the square of the number of participants—becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.”
- leakycap 1y ago> most people have nothing to say to each other! Seems he was also wrong about social media
- ekjhgkejhgk 1y agoHe's absolutely right. Most people have nothing to say to each other, and that's why social media is a small number of people broadcasting and an overwhelming number consuming. Most pairs of people don't say anything to each other. Absolutely spot on.
- leakycap 1y agoIt's weird how you just replied to me on social media to tell me people have nothing to say to one another. It's almost like you're ... unaware of what is happening?
- ekjhgkejhgk 1y agohttps://en.wikipedia.org/wiki/Anecdotal_evidence https://en.wikipedia.org/wiki/Anecdotal_evidence
- leakycap 1y agoI can anecdotally say you didn't add to the conversation with this link, so maybe you are one of the folks who do not have anything to say to another, as Mr. Krugman so eloquently put it.
- ekjhgkejhgk 1y agoI'm glad you came around to my position.
- dragonwriter 1y agoHe's substantively wrong; he’s right that most people have nothing to say to each other, but its a scaling law being discussed, and “most people have nothing to say to each other" is an issue impacting the constant multiplier, not the scaling rate.
- quantified 1y agoPorn drove electronic payments and a lot of other tech. The fax machine did not carry porn. Look to the medium's ability to be used for porn as a clear indicator of adoption. Home robots will eventually catch fire.