Re:Facebook Libra Is Architecturally Unsound
by Jeff_Brown on Tuesday November 05, 2019 @09:38AM
(#21452713)
I wish superior innovation were more responsible for the bulk of profits. Weighted by volume, in more cases it is simple market power.
(Fun fact: Statistics was invented many times throughout history. Minus the last time, it was always hidden to make someone money.)
Even when you've got awesome secrets, you've still got other parts of the business. Open research moves faster. Libraries of books have been written about investment, or running a business, or writing software, or other profitable things. Granted, some of that comes from people teaching without acting -- but a lot of it too comes from actors with serious skin in the game.
(Fun fact: Statistics was invented many times throughout history. Minus the last time, it was always hidden to make someone money.)
Even when you've got awesome secrets, you've still got other parts of the business. Open research moves faster. Libraries of books have been written about investment, or running a business, or writing software, or other profitable things. Granted, some of that comes from people teaching without acting -- but a lot of it too comes from actors with serious skin in the game.