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This is clickbait, slightly more subtle than usual. Some of what they say is true, but an article in a real business magazine would attempt to quantify what's c
by neilk 12y ago
This is clickbait, slightly more subtle than usual. Some of what they say is true, but an article in a real business magazine would attempt to quantify what's changed since the 90s and what the limits of the new paradigms are. Wired is a hype and lifestyle magazine, and they're just trying to outrage all of us with absurd comparisons between Flooz and Bitcoin.
One sign of a bubble: articles that proclaim, without caveats or quantifiable reasons, that caution and experience are for suckers.
- throwawaymsft 12y agoExactly. Yes, "delivering groceries to people able and willing to pay for them" is a great idea, The problem is Webvan didn't have it. 1) How many people were online? 2) How many people had credit card info online? 3) How many people trusted WebVan (vs. Amazon, which built trust over decades) 4) How many people had portable computers in their pocket at all times, with instant access to your service? Saying "X is a good idea" doesn't make sense without the surrounding strategic context.
- lotharbot 12y ago"Deliver groceries to people able and willing to pay for them" has been going on for a very long time. Back before home internet access was a thing, companies like Schwan's ( http://en.wikipedia.org/wiki/Schwan_Food_Company http://en.wikipedia.org/wiki/Schwan_Food_Company ) were making home deliveries of frozen foods. Dairies have done deliveries for as long as I can remember. Webvan didn't fail because grocery delivery is a bad idea.