Re:Three Arrows Capital co-founder Zhu arrested in Singapore...
by miracle2k on Saturday September 30, 2023 @12:22AM
(#37712752)
> They didn't invent cars
Can we really call the car an "invention"? After all, both the wheel and the steam engine already existed.
Those techniques were already invented and in-use long beforehand.
It's kind of like ride-share services: They didn't invent cars or databases or dispatching systems or phone-apps, and while their investment might have spurred some new tools/libraries/algorithms, the usefulness of those inventions doesn't flow backward to mean they have a good/sustainable business.
There are even cases like "private blockchain" where the fad-marketing is getting used to mislabel what is actually just a regular old distributed database of yesteryear.