Bitcoin Is Ridiculous. Blockchain Is Dangerous
“Here’s what I finally figured out, 25 years in: What Silicon Valley loves most isn’t the products, or the platforms underneath them, but markets. “Figure out the business model later” was the call of the early commercial internet. The way you monetize vast swaths of humanity is by creating products that people use a lot—perhaps a search engine such as Google or a social network like Facebook. You build big transactional web platforms beneath them that provide amazing things, like search results or news feeds ranked by relevance, and then beneath all that you build marketplaces for advertising—a true moneymaking machine. If you happen to create an honest-to-god marketplace, you can get unbelievably rich.”
As usual Ford looks back to help us understand the current situation and points out that maybe we should think about ethics from the get go rather than after it's too late, much as we're doing right now with fake news and social media and all ramifications we didn't think about in the beginning.