> when you think about the idea that everything up until now on the internet has been copyable and we are just starting to figure out how to actually give a digital thing ownership, that will change how we look at just about everything on the internet
That everything has been copyable is the accident that keeps giving. It’s not a bug, it’s a feature! Digital scarcity, albeit through a novel mechanism, seems antithetical. Very confusing.
> On the other hand my Apple News feed seems to perpetually have a FOX News story. The one this morning was "Is Trump Bashing the new Celeb nude selfie?"
> All I know is the people who seem prone to believing the stupidest stories
It goes both ways I think. Consider the possibility that there are more people that believe that other 'stupid' people believe these stories than there are 'stupid' people who actually believe these stories.
I suppose it depends on your investment goals, profile, etc. If you hold the general thesis that "the future" will see continued "progress", increased living standards & more consumers, then it's probably a good bet. If that timeline looks like, say, 50 years (no, I'm not convinced people invest on this kind of timeline, those profits may be too far out, but banks, ...maybe?), then a billion today may be a worldwide monopoly tomorrow. Maybe?
The former, if all things remain the same in terms of computing power and availability of data. I think betting against improvement in either of those areas is a bad bet so I'm optimistic we'll continue to see really interesting things in the near future
I loved this admission. There is a lot of awesome, powerful, fancy stuff out there today, but you can get a lot done with the vanilla approach. I was introduced to JS back when AJAX was 'blowing up', and today still prefer to hack quick ideas w/ at most a jQuery import
I see this timeline comparison very often and it seems to me very hand wavy. Sure, it's a nice narrative, but I don't see any real reasons why this 'pattern' from 70s to 00s should repeat itself. We're talking 30 odd years here. That we got here because of a series of logical steps is already quite a statement without extending it to the future! (I borrow Nassim's Black Swan perspective here) In hindsight it's easy to say that this happened because of that, and so on, and I'm not sure this automagically extends to blockchain related things. If we're set on talking about 5 to 25yrs, could you share your vision sans historical comparison? Otherwise, or additionally, could you share your opinion on what the more immediate potential wins of bitcoin/ethereum et al are?
That everything has been copyable is the accident that keeps giving. It’s not a bug, it’s a feature! Digital scarcity, albeit through a novel mechanism, seems antithetical. Very confusing.