The tech sector and tech investment is not really about technology, or there would be no difference between investment in software vs internet services. But there is a world of difference, the Internet is all about channels of information which create network effects...
...these mean that businesses that take advantage of these new channels and network effects can grow more quickly, more cheaply and more profitably. This has nothing to do with technology but business, sales and marketing.
Technology investors tend to invest in Internet companies because they scale better and capture opportunities in a completely new business landscape. An understanding of technology is required in the same way that someone running a newspaper business should understand a bit..
... about printing, but journalism and communication is what they should really know about and for 'tech' investment, it's network era sales and marketing that is most important. In some ways this is obvious, but the word 'tech' throws people off the scent.
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Here is a recipe for how to build a place like this. Importantly, it has to be a recipe, not a design.
Establish a simple hierarchy like the human body: a head (here, the cathedral), and the rest. At building level either consciously use symmetry or consciously break it.
Have squarish spaces between buildings for people to interact. Put trees in them where possible.
Prioritise pedestrians over bicycles and bicycles and motor scooters over cars. Remove on street parking and remove bicycle lanes where spaces can be pedestrian first.
Fantastic thread. Why movies are full of recycling franchises like Marvel while innovation in indie fringes doesn't percolate up. I suspect reason for this is the following:
Mainstream is hyperconnected, over-dense network (groupthink, ossified) and is potentially disrupted only when overall network becomes a small world one (goldilocks area between connected and Balkanized) and stuff that appears in the creative niches can bubble up to mainstream.
Reason it isn't bubbling up to mainstream is that niches have also been hijacked with their own form of groupthink (Taleb's tyranny of the minority), meaning that alternative though or creativity is suppressed where the niches are in open forum or connect to the mainstream.
1. Crypto is a technical solution to pure Internet infrastructure, it can’t prevent laws against it. Financial services consist of a technical and regulatory component.
2. The adoption of Internet based currency tokens by central banks uses a crypto based technical solution to replace banking rails with the Internet. It doesn’t use the crypto aspect for regulation so is not decentralised.
3. DeFi extends crypto solutions to financial products and ownership more widely. Financial products are basically fungible contracts and ownership, transferable non fungible ones.
Coinbase is like Netscape. It's a well designed UI on top of a new network (Bitcoin/web) created using a new protocol (Bitcoin spec/HTTP). It's worth more than Netscape because it holds currency but maybe it should be valued based on financial services, not tech stock growth.
Like Netscape and unlike, say, Facebook, it doesn't own its own protocol. It's not a platform in the traditional sense.
Now you could argue that Coinbase is like Google which sits directly on the web and therefore doesn't own its own protocol, but Google monetizes its traffic not its deposits or their transactions.