371–380 of 936 posts
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It's a cliche but people really underestimate and try to downplay the role of luck[0]. [0] https://www.scientificamerican.com/blog/beautiful-minds/the-...
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Some will read this and laser in on the "socialism" part, but obviously the interesting bit is the second half of the quote.
I don’t think it’s entirely a bubble. Definitely this is revolutionary technology on the scale of going to the moon. It will fundamentally change humanity. But while the technology is revolutionary the ideas and capability behind building these things aren’t that complicated. Paying a guy millions doesn’t mean shit. So what mark zuckerberg was doing was dumb.
> on the scale of going to the moon Of all the examples of things that actually had an impact I would pick this one last... Steam engine, internet, personal computers, radios, GPS, &c. but going to the moon ? The thing we did a few times and stopped doing once we won the ussr vs usa dick contest ?
I’ve never seen so much evidence for a bubble yet so much potential to be the biggest Thing ever. Just getting a lot of mixed signals right now. Not sure what to think.
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What "massive string of failed attempts" did Zuckerberg or Bezos ever accumulate?
Alexa, Metaverse, being decent human beings
Didn't Meta invest big into the Metaverse, then back track on that, was it $20 billion. I'd like for these investments to pay off, they're bold but it highlights how deep the pockets are to be able to invest so much.
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I have an overwhelming feeling that what we're trying to do here is "Netflix over DialUp." We're clearly seeing what AI will eventually be able to do, just like many VOD, smartphone and grocery delivery companies of the 90s did with the internet. The groundwork has been laid, and it's not too hard to see the shape of things to come. This tech, however, is still far too immature for a lot of use cases. There's enough…
Some people even figured it out in the 80's. Sears founded and ran Prodigy, a large BBS and eventually ISP. They were trying to set themselves up to become Amazon. Not only that, Prodigy's thing (for a while) was using advertising revenue to lower subscription prices. Your "Netflix over dialup" analogy is more accessible to this readership, but Sears+Prodigy is my favorite example of trying to make the future happen…
Amazing how far that company has fallen; they were sort of a force to be reckoned with in the 70's and 80's with Craftsman and Allstate and Discover and Kenmore and a bunch of other things, and now they're basically dead as far as I can tell.
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There is another dimension, which is mostly but not fully characterized as perseverance, but many times with an added dose of ruthlessness Microsoft, Facebook, Uber, google and many others all had strong doses of ruthlessness
Metaverse and this AI turnaround are characterized by the LACK of perseverance, though. They remind me of the time I bought a guitar and played it for three months.
This is now my favorite way of describing fleeting hype-tech.
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It boggles the mind that this kind of management is what it takes to create one of the most valuable companies in the world (and becoming one of the world's richest in the process).
The answer is fairly straightforward. It's fraud, and lots of it. A honest businessman wouldn't put their company into a stock bubble like this. Zuckerberg runs his mouth and tells investors what they want to hear, even if it's unbacked. A honest businessman would never have gotten Facebook this valuable because so much of the value is derived from ad-fraud that Facebook is both party to and knows about. A honest bus…
You used “honest” and “businessman” in the same sentence.
Good one.
Earlier quoted context omitted.
I have an overwhelming feeling that what we're trying to do here is "Netflix over DialUp." We're clearly seeing what AI will eventually be able to do, just like many VOD, smartphone and grocery delivery companies of the 90s did with the internet. The groundwork has been laid, and it's not too hard to see the shape of things to come. This tech, however, is still far too immature for a lot of use cases. There's enough…
Some people even figured it out in the 80's. Sears founded and ran Prodigy, a large BBS and eventually ISP. They were trying to set themselves up to become Amazon. Not only that, Prodigy's thing (for a while) was using advertising revenue to lower subscription prices. Your "Netflix over dialup" analogy is more accessible to this readership, but Sears+Prodigy is my favorite example of trying to make the future happen…
Earlier quoted context omitted.
Some people even figured it out in the 80's. Sears founded and ran Prodigy, a large BBS and eventually ISP. They were trying to set themselves up to become Amazon. Not only that, Prodigy's thing (for a while) was using advertising revenue to lower subscription prices. Your "Netflix over dialup" analogy is more accessible to this readership, but Sears+Prodigy is my favorite example of trying to make the future happen…
Today I learned that Sears founded Prodigy! Amazing how far that company has fallen; they were sort of a force to be reckoned with in the 70's and 80's with Craftsman and Allstate and Discover and Kenmore and a bunch of other things, and now they're basically dead as far as I can tell.