Because new technology is as Thiel often quips limited to the world of bits rather than the world of atoms. Paul Krugman once asked, if you go into an average house right now and you take out all the screens, could you tell that you're not in the 80s? Gordon in the Rise and Fall of American Growth gives a similar example, what if you went into a time capsule between say 1890 and 1950 compared to 1960 and 2010? In one…
There's a weird disconnect with computers. The software we use is 1000 times more complex than it was 20 years ago, leading to performance that really have not improved a lot, and a lot of functional stagnation. Many applications are slower to start today than they were 10 years ago, because back then they were binaries and today they are Electron apps. Your average web based word processor with cloud storage perform…
Except (gdocs for comparison) I now can:
1. Effortlessly access the doc on multiple devices, wherever there is cell or WiFi. 2. See a visual history of every change I've ever made to the doc. 3. Collaborate with many other people in real time. 4. Easily incorporate images, tables, drawings, and other files. 5. Compare documents. 6. Use other character sets and emoji. 7. Add, have others add, and review comments.
I'm sure there's more. I don't remember everything about how primitive things were 30 years ago.