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Pinboard

@Pinboard

The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

Lonely street of broken dreams
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Joined July 2009

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    1. Pinboard‏ @Pinboard 15 Feb 2020

      Matt Levine has a funny writeup today of a SoftBank-funded pizza delivery chain that failed after a $375M investment. But this is the dynamic killing innovation in tech. Imagine if you were the one for-profit pizzeria in an environment where everyone else gets stupid moneypic.twitter.com/iA9uL2C5xK

      3 replies 34 retweets 117 likes
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    2. Pinboard‏ @Pinboard 15 Feb 2020

      Look in any healthy industry and you'll see profitable businesses at a variety of scales. The mom-and-pop spaghetti joint coexists with Sbarro, the hipster cafe with Starbucks. But in tech right now, there's only oligopoly and venture-funded moon shots. And Pinboard—use Pinboard

      4 replies 8 retweets 111 likes
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    3. Pinboard‏ @Pinboard 15 Feb 2020

      In 2014, I described a dynamic called "investor storytime", arguing that the business model of the Internet had become playing Scheherazade to gullible rich people. Now Levine has charted its further descent into a self-conning feedback loop where everyone becomes a true believerpic.twitter.com/D3qEzHMQy9

      1 reply 18 retweets 83 likes
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      Pinboard‏ @Pinboard 15 Feb 2020

      The entire point of a market economy is to break such feedback loops of self-delusion by forcing a point of contact with reality. It works on a similar principle as elections. If you never have to earn a profit, or win votes, then you'll spiral off into self-indulgent insanity

      11:37 AM - 15 Feb 2020
      • 10 Retweets
      • 77 Likes
      • Kuba Bartwicki Gemma Hallam Eric Schultz says "Free Palestine" Voting Rights Now James Campbell Robert Atkins jsled 🧦 The Circular Ruins Huft Rempoble
      1 reply 10 retweets 77 likes
        1. Pinboard‏ @Pinboard 15 Feb 2020

          Young people look at startups literally throwing electric scooters into the ocean and say "for shame, capitalism!". But they're describing a failure of central planning. Capitalism involves top hats and the efficient allocation of resources.https://www.surfer.com/features/please-stop-throwing-bird-scooters-in-the-ocean/ …

          9 replies 9 retweets 43 likes
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