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The value of the USD in BTC terms.
I couldn’t resist @andrewchen :)
To be precise, the USD/BTC graph doesn’t exactly fit Andrew’s q.

The peak was several years ago when BTC was worth $0. Since then USD has declined by several orders of magnitude. So the “not yet declined” condition isn’t met.

But “decline 90% more in 10 years” is a lock.
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Balaji S. Srinivasan
@balajis
Video games are so much harder to code than enterprise web apps. This is counterintuitive for people new to software.

It’s kind of like comedy being more difficult than drama. Fun and games is often technically harder than the serious stuff.
Video games are hard because they push the limits of hardware, require real-time responsiveness, and cater to a fickle audience.

Enterprise web apps aren’t as hard technologically. The difficulty is in domain knowledge, sales, and a thousand details of execution.
Comedy is reportedly harder to film than drama because comedy is all about timing, while drama works within a broad range. quora.com/What-is-more-d…
Read 3 tweets
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Balaji S. Srinivasan
@balajis
In a capital abundant environment, capital efficiency was not heavily selected for.

But tech has several orders of magnitude to plumb in terms of capital efficiency. Remote work, automation/AI/robotics, and the incredible productivity gains from the last generation of SaaS.
In the last generation, Instagram, WhatsApp, Minecraft, and of course Bitcoin itself all got to $1B+ with a very headcount light model.

And those were all founded in 2009/2010.

We haven’t even begun to fight in terms of capital efficiency.
It’s similar to optimizing a program for resource utilization. So long as RAM, hard drive space, etc are abundant then you optimize for developer experience.

But in resource constrained environments (mobile, smart contracts, embedded) you embrace the problem.
Read 3 tweets
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Balaji S. Srinivasan
@balajis
Almost any other city in the world would be proud to have Airbnb and Uber founded there.

San Francisco wants to make sure that never happens again.
sfexaminer.com/news/sf-to-est…
Why would you found a new tech company in San Francisco?

- high prices
- filthy streets
- constant break-ins
- random assaults

Now, the same city government which deemed straws problematic will be denying licenses to startups.
I suppose you can still do pure cloud in SF.

But for physical innovation, for atoms rather than bits, you need to get out.

Or else bet your company on the same city government that brought you SF’s artificial housing crisis.
Read 3 tweets

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1. My deepest dig. I believe I've found the meaning behind many of #Q's latest drops, establish what recent events are all about and why they're happening. You must understand, this is NOT a game. We are at war. They've killed to stop what's happening.

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Several years ago, under the naive assumption that I would glean some particular insight or a different angle on the abortion debate, I walked over to the National Mall on the day of the #MarchForLife. It was an hour of my time on this earth that I will never get back.
I didn't want to be misleading about my intentions, so I proudly wore a @PPact button, and I wondered how exactly I would go about starting a productive conversation with anti-choice protestors. Turns out I didn't need to.
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