So... the internet on a big screen and the internet on a small screen?
It's all progressive improvements. Networks converged to internet and TCP/IP while devices converged to computers everywhere with colored screens of various sizes.
Try to do what e.g. Revolut, N26 and similar apps are offering over the phone. It would take ages. This is a really bad comparison.
Sometimes progressive improvements become a breakthrough, though I wouldn't call the invention of touch UIs a progressive improvement. It was a massive one. We take it for granted today but before the release of the first iPhone very very few people would have imagined it, let alone that it could change the world (which it did).
Let alone that mobile platforms being managed environments themselves are a lot more secure.
The user experience limited by the browser vs the user experience (less) limited by native platform APIs.
This caused everyone retracting their credit lines as they couldnt trust the whole system any longer, revealing how highly leveraged and dependent on credit lines that everyone was, raising margin requirements - causing liquidations - and completely closing some margin markets.
If that was in anybody’s model I would like to see that model.
Kindly, it seems you're a little confused about what the internet is.
It’s still pure Internet. It’s just no longer pure “web.”
The internet‘s UI is your OS’s networking library. Although it has changed with the advent of mobile (e.g. can we transparently handle switching between WiFi / cellular?) it has no GUI, touch or otherwise.
What you are trying to say is that companies have had to adapt to the possibility that web applications in a web browser will lose out to native applications using web or Internet protocols behind the scenes.
Here's one out of thousands of scenarios that are possible only on mobile: I am in London, I need some cash money but my bank accounts are in euros. The sequence is this: Face ID, then with a few taps I convert the necessary amount and withdraw pounds from the nearest ATM. With Revolut I saved a lot of time and money on conversion alone (though to be fair many other mobile banks do the same today).
This is not just "pure Internet" it's a different medium that brings a lot of new possibilities.
While I did pay an interchange fee I could do this with my USD account numerous times in the past 20 years.
So is it just that you avoided slightly higher interchange fees?
> The predictions of the time assumed that Internet was there forever.
...seems to indicate you feel the internet has somehow gone somewhere.
- One "black swan" doesn't happen twice. Though Taleb would disagree, i.e. he'd say that neither the dot-com bubble nor the 2008 crash were black swan events, but for most investors, entrepreneurs and traders they were. In any case, we are somehow immune to big random negative-impact events repeating themselves. We are not that stupid. The Bubble 2.0 didn't happen though something else, unrelated, did.
- The predictions of the time assumed that Internet was there forever. Very soon a dramatic landscape shift happened with the release of the iPhone. We are not living in a purely Internet era anymore, and all the surviving Internet megacorps have managed to embrace the shift (Google, even Facebook with its Messenger), and those who haven't are dead (Yahoo, and probably more to come).
- What we think will happen next is probably wrong. We can't even say whether there will be another technological shift or both the Internet and the mobile are here virtually forever. Something that has already failed can make a come back. In 2007 Taleb mocked e-scooters, for example, now look at their impressive comeback. He also thought in 2007 that Google will be replaced with something else just as quickly and abruptly as Google replaced Alta Vista. Bottom line: don't try to make arbitrary unsubstantiated assumptions even if your name is Nassim Nicholas Taleb. We suck at predictions.
- I think one key difference between entrepreneurs and investors is that the former don't try to make predictions much, while the latter depend on predictions. One corollary being that entrepreneurs should probably ignore the buzz or what the most funded tech is at any given point in time (something-dot-com, IoT, blockchain, AR, AI, ...) and just do their thing: bring their dreams into life regardless of what everyone else is saying.