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This Tech Bubble Is Different

businessweek.com

41–50 of 55 posts

Re: This Tech Bubble Is Different

#42
post #21

Earlier quoted context omitted.

>Best minds of any generation have always thought about ways to make money. Yeah, but sometimes it comes from developing technology that sends people to the moon. Or technology that reduced a roomful of vacuum tube computer technology to a chip the size of your fingernail. Or finding ways to mass-produce cheap chip-based computers affordable my hundreds of millions of people... You know, stuff that actually kinda mat…

> You know, stuff that actually kinda matters, and can improve people's lives. Are you arguing that social networks don't improve peoples lives?

I would. I may even go as far as to say it makes then worse. Deleting my facebook account was probably one of the biggest improvements I've made to my life so far this year.

Re: This Tech Bubble Is Different

#43

I liked this quote: "The best minds of my generation are thinking about how to make people click ads. That sucks."

It may have originated with FSJ:

    And you know what? There is something really evil about taking thousands 
    of the world’s smartest young people and using them to sell online text 
    ads more efficiently. Really. Think of all the really interesting and 
    important things that this pool of brainpower could be addressing.
April 2008: http://www.fakesteve.net/2008/04/google-putting-up-fence-and...

Re: This Tech Bubble Is Different

#44
post #25

You gotta be kidding me. Social media will leave nothing behind? How about a communications infrastructure spanning the whole world and connecting people to both friends and other people of interest in real-time, no matter where they are (in the bus, in the street, at home, at their computer), enabling the most rapid spread of information ever seen, and potentially enabling the world to start functioning as a sort of…

Maybe it's not even a tech legacy. Millions and soon billions of people have a larger internet footprint than before. They communicate with each other in far more intimate and elaborate ways. It's a cultural legacy.

Re: This Tech Bubble Is Different

#45
post #22

"Hammerbacher looked around Silicon Valley at companies like his own, Google (GOOG), and Twitter, and saw his peers wasting their talents. "The best minds of my generation are thinking about how to make people click ads," he says. 'That sucks.'" I loved this quote, I also had a similar experience. In past I had an internship in a similar role and pursued few projects on mining communities in large social networks. Ho…

[deleted]

Re: This Tech Bubble Is Different

#46
post #39
post #30

Earlier quoted context omitted.

> How about a communications infrastructure spanning ... tcp/ip? The infrastructure has been here for a long time. The reason why people start to "connect" with everybody now is because computers and mobile IP devices are becoming really cheap. People would be still communicating in realtime without twitter, facebook, co. SMTP, IRC and IM protocols were here before Mr. Zuckerberg knew how to spell PHP.

Those were computer-to-computer, not people-to-people. The only people who could use those were technical. Facebook, Twitter, et al, built a communication infrastructure between people. That's about much more than just programming or designing computer communication protocols. It's a common fallacy from programmers to think that the hard part of "build a system for 100 million users" is the programming.

Strange, my nonprogramming mother can send emails without problems. (And finds Facebook horribly confusing.)

Re: This Tech Bubble Is Different

#47

The best minds of my generation are thinking about how to make people click ads Best minds of any generation have always thought about ways to make money. That doesn't mean that the world doesn't benefit from side-effects. Information is at your fingertips because of companies like Google and Yahoo. Staying connected is easier then before because of companies like Facebook and Twitter. And speaking about infrastructu…

"Best minds of any generation have always thought about ways to make money." Sorry no!. Some of the very best still do science.

Which is generally funded by and for money

Re: This Tech Bubble Is Different

#48

The best minds of my generation are thinking about how to make people click ads Best minds of any generation have always thought about ways to make money. That doesn't mean that the world doesn't benefit from side-effects. Information is at your fingertips because of companies like Google and Yahoo. Staying connected is easier then before because of companies like Facebook and Twitter. And speaking about infrastructu…

"Best minds of any generation have always thought about ways to make money." Sorry no!. Some of the very best still do science.

[deleted]

Re: This Tech Bubble Is Different

#49
post #29

Earlier quoted context omitted.

"This bubble is always different"... Right up to the moment when the people involved lose everything and start eying their office windows and wondering if they open... Bubbles exist because human nature is the same yesterday, today and tomorrow. Not every tech company collapsed in 2000 - but the weak ones surely went to the wall. Those with solid business models, and profitability are still going strong. Not everyone…

You should generally read the article before commenting. You should really read the article before replying to a comment about how you ought to read the article!

That is assuming that you don't read the article and still post a flippant remark.

Re: This Tech Bubble Is Different

#50
post #47

Earlier quoted context omitted.

"Best minds of any generation have always thought about ways to make money." Sorry no!. Some of the very best still do science.

Which is generally funded by and for money

Not true, "most" of the research gets funded by NSF, NIH, DARPA, ARPA, Naval Research. Of course there are companies such as IBM research, Microsoft research but they are few.

By money and for money generally gives you High Frequency trading bots.

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