This is no different than saying that the street sweepers were left behind by street sweeping machines. Or that accountants got left behind by the invention of accounting software. This is what technology is all about.…
More productivity allows the work to get done with fewer workers, which is generally a good thing in normal economic conditions.
Without wading into the larger debate, is it possible that low stable interest rates are expected in a successful society? In a chaotic world where the government and property rights might not exist in five years, the…
You could cut more people's hair by getting it done faster, or do a better job cutting each person's hair. The point is that jobs where productivity improvement is possible are very common. Economically, productivity…
I don't think any of the jobs I listed are retail. I went out of my way to include a variety of industries, including knowledge work. "Demonstrating value to your boss" could include zero-sum bullshit or actual…
While many industries have an element of zero-sum competition, that's not the default. Whether you're designing a car, doing a surgery, giving a haircut, cooking a hamburger, etc. you are giving something of value to…
Sports is a zero-sum game. Productive labor is not. The mathematician Paul Erdos used amphetamines to make many major breakthroughs. This was a great benefit for society, regardless of whether he perhaps took a…
I've used Eaze. You pick an item from a menu in the website or app (although the Android app doesn't work for me), then someone drives up 20 minutes later and hands the item over. In my case I've gone outside to the…
Having the stock after IPO trade at the old preferred price represents a significant increase of the actual value of the company, even though it's not usually reported as such.
Agreed that the press does go around using this $70B number as a valuation. If the company IPO'd at less than $70B it would similarly be reported as a dud. Recruiters also use the $70B when offering stock options. And…
Common stock is worth less than preferred. Most stock is not preferred. Therefore there was never $70B worth of Uber stock in existence.
If the valuation didn't change, and the common stock is fairly priced, then we should stop calling the valuation $70B. Under that model, Uber was never worth $70B.
While Uber and Lyft raise prices in periods of high demand, they also subsidize rides in periods of low demand to keep a consistent quality of service. You'd have a hard time getting a network as reliable as Uber and…
I'm sympathetic to your situation. But being locked out of selling your bitcoin for a few years might have resulted in you earning a lot of extra money! Hopefully you can regain access to Coinbase. Since they are…
If lightning network includes tech that can support billions of transactions, can it be used without bitcoin? Why not use lighting with an uncongested coin?
It's just the way the antidiscrimination law is written. I have a visceral "that should be unconstitutional or something" reaction when thinking about it, but then I remember we have age discrimination written into our…
Microsoft failed because they had few developers for either the desktop or mobile version of the framework. The countless Windows apps did not become buildable on mobile. If Apple makes it easy to add OSX support to…
This is so true. A friend on Medicaid needed some medical care which the state was legally obligated to provide him. He was told by his primary care physician that the care was not available at all in the system, full…
Multiple manufacturers are already selling cars that can self-drive on the highway, to varying degrees.
Are the "on the side" dealers selling the same stuff as the semi-legal dealers? Why does anyone not use the semi-legal dealers?
Believe it or not, I experienced the non-self-driving version of that scene. It was the mass of vehicles heading from the eclipse festival to Burning Man a few months ago, a block of traffic puttering along at 30 mph…
I don't think our roads have the capacity to allow everyone to be sitting on them in their own personal automobiles all day. And even if they do, the roads won't actually function as transportation infrastructure.
If that sort of commute becomes popular, it'll just lead even more massive congestion around job centers. In the limit, you'll reach your destination halfway through the workday and immediately turn around to go home.
Shouldn't have bought a Tesla and parked it in their free fueling stations.
I think you are ignoring the main financial motive for this change - ISPs want to shake down Google, Facebook, and other successful internet companies. Customers won't see this directly. It will have indirect effects by…
This is no different than saying that the street sweepers were left behind by street sweeping machines. Or that accountants got left behind by the invention of accounting software. This is what technology is all about.…
More productivity allows the work to get done with fewer workers, which is generally a good thing in normal economic conditions.
Without wading into the larger debate, is it possible that low stable interest rates are expected in a successful society? In a chaotic world where the government and property rights might not exist in five years, the…
You could cut more people's hair by getting it done faster, or do a better job cutting each person's hair. The point is that jobs where productivity improvement is possible are very common. Economically, productivity…
I don't think any of the jobs I listed are retail. I went out of my way to include a variety of industries, including knowledge work. "Demonstrating value to your boss" could include zero-sum bullshit or actual…
While many industries have an element of zero-sum competition, that's not the default. Whether you're designing a car, doing a surgery, giving a haircut, cooking a hamburger, etc. you are giving something of value to…
Sports is a zero-sum game. Productive labor is not. The mathematician Paul Erdos used amphetamines to make many major breakthroughs. This was a great benefit for society, regardless of whether he perhaps took a…
I've used Eaze. You pick an item from a menu in the website or app (although the Android app doesn't work for me), then someone drives up 20 minutes later and hands the item over. In my case I've gone outside to the…
Having the stock after IPO trade at the old preferred price represents a significant increase of the actual value of the company, even though it's not usually reported as such.
Agreed that the press does go around using this $70B number as a valuation. If the company IPO'd at less than $70B it would similarly be reported as a dud. Recruiters also use the $70B when offering stock options. And…
Common stock is worth less than preferred. Most stock is not preferred. Therefore there was never $70B worth of Uber stock in existence.
If the valuation didn't change, and the common stock is fairly priced, then we should stop calling the valuation $70B. Under that model, Uber was never worth $70B.
While Uber and Lyft raise prices in periods of high demand, they also subsidize rides in periods of low demand to keep a consistent quality of service. You'd have a hard time getting a network as reliable as Uber and…
I'm sympathetic to your situation. But being locked out of selling your bitcoin for a few years might have resulted in you earning a lot of extra money! Hopefully you can regain access to Coinbase. Since they are…
If lightning network includes tech that can support billions of transactions, can it be used without bitcoin? Why not use lighting with an uncongested coin?
It's just the way the antidiscrimination law is written. I have a visceral "that should be unconstitutional or something" reaction when thinking about it, but then I remember we have age discrimination written into our…
Microsoft failed because they had few developers for either the desktop or mobile version of the framework. The countless Windows apps did not become buildable on mobile. If Apple makes it easy to add OSX support to…
This is so true. A friend on Medicaid needed some medical care which the state was legally obligated to provide him. He was told by his primary care physician that the care was not available at all in the system, full…
Multiple manufacturers are already selling cars that can self-drive on the highway, to varying degrees.
Are the "on the side" dealers selling the same stuff as the semi-legal dealers? Why does anyone not use the semi-legal dealers?
Believe it or not, I experienced the non-self-driving version of that scene. It was the mass of vehicles heading from the eclipse festival to Burning Man a few months ago, a block of traffic puttering along at 30 mph…
I don't think our roads have the capacity to allow everyone to be sitting on them in their own personal automobiles all day. And even if they do, the roads won't actually function as transportation infrastructure.
If that sort of commute becomes popular, it'll just lead even more massive congestion around job centers. In the limit, you'll reach your destination halfway through the workday and immediately turn around to go home.
Shouldn't have bought a Tesla and parked it in their free fueling stations.
I think you are ignoring the main financial motive for this change - ISPs want to shake down Google, Facebook, and other successful internet companies. Customers won't see this directly. It will have indirect effects by…