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Have they learned nothing from the past four years? Just that they can get away with it?

If I had to guess, it's less so "planned" and more so that the various institutional and regulatory incentives make this sort of outcome extremely likely.

Sort of like what's about to happen to housing prices, maybe.

Just wait until Uncle Sam foots the bill directly. He has quite the "ability to pay".

JRE is breadth first search, within a certain...domain.

Pretty sure cable news is legally designated as "entertainment".

Payments can be reduced to packets, for one.

https://en.wikipedia.org/wiki/Goodhart%27s_law

The open protocol could start small and gradually grow over time, maintaining backwards compatibility. The incentives aren't there, of course.

They can sell their shares.

Taleb's forte is applying various insights from practitioners of financial options to other domains.

Imagine how powerful a paid browser could become on this front. As people slowly become more privacy-aware this might be feasible.

At that point the pollsters may as well conduct a public service announcement. "Be aware that Google tracks and stores basically everything that they can. By the way, did you know …

> There is a reason we don't see signs up like; 'No Blacks', 'No Gays', 'No Jews' in private establishments. Could you imagine the immediate public backlash against this type of be…

That "independence" is a fast-dissolving illusion.

> which creates an incentive to maintain currency under the mattress. Continuing the thought experiment, consider what goods and services people would continue to spend money on, i…

> using bitcoin would send us backwards not forwards. This statement strongly implies that the US (and global) monetary situation is headed in a good, positive direction for human …

> It's surprising to see how much many posters on HN want more government regulation over a tech. Regulation is one of the best ways for incumbents to build a competitive moat agai…

Interesting. I'll have to read up on HyperLedger.

The monetary supply schedule is deterministic, for one.

As you've identified, a "private blockchain" is just a database. People can't wake up to this soon enough.

Meanwhile, Twilio is raking it in on the back of this broken system.

> give it to them as a freelance job I've always wondered why this isn't more common. It's win-win to be able to test the waters in this way. What downsides am I not seeing?

Yeah. They analogy makes no sense. They can print however much money they choose to. There's no "profit" for government.

Sounds like the typical terms need to be negotiated in the direction of founders, away from VCs.