Along the same lines what's the purpose of investing? It captures ownership of a company, for some time, or indefinitely. The presupposition is that said company, will be valuable in a year or 10 years.
Well as technology advances, everything becomes easier to produce, including movies, songs even car companies. The saying means that everyone will be able to produce something, which will gain big traction for a small amount of time. At that point he will be a billionaire, but someone else will produce something very similar, in fifteen minutes, and his ownership will go to nothing very quickly.
Not only better and better technology gives us more opportunities to compete with one another, but we become better at competing with one another regardless of technology. The edge one holds in anything such as making movies, making cars or what have you, gets smaller and smaller in duration. The timeline of the first mover advantage to capitalize on any gains gets shorter and shorter. In such a situation, copyrights, patents, IP, end up almost irrelevant.
I have no idea what you're talking about.
> i wonder how one can differentiate betting from investing
The biggest clue is how long you're going to hold ownership. If it's years, then it's almost certainly investing.
> A saying i usually repeat to people, is that in the future, i.e. in a handful of years, everyone will be a billionaire for fifteen minutes.
Wha? Wouldn't most people cash out? Then most people are billionaires permanently? How does this work?