5 Comments

Regarding Vox' sad story:. (BTW This app's editing features suck). Your alternatives boil down to mission, money, and tech-bro. A useful framework for analyzing these cases might be the Yugoslav experiment with worker self-managed enterprises. Capital markets do not seriously constrain startups initially. Mission driven startups require a charismatic founder, e.g. Steve Jobs. Money grubbing startups require founders principally motivated by money. Jobs probably left a lot of money on the table by refusing to licence the Mac OS. Bill Gates had no such inhibition about widely licencing DOS/Windows system. Tech-bro is best conceived of as a post graduate floating fraternity party. E.g. SBF and TFX.

Expand full comment
author

Yes: Mission-oriented, money-oriented, and TechBro is a nice summary way to put it.

Expand full comment

The only question is what makes the rate of change of Ideas/technology change?

Expand full comment

But even without an élite of thugs with spears, wouldn't the result have been slightly more people living in exactly the same level of misery?

Expand full comment

Honestly, I get the impression that a big part of the future of crypto will be evading capital controls.

Expand full comment