Confinity created its PayPal product in 1999 and Musk's company got merged into Confinity in 2000 because Thiel said they were both working crazy long hours and it would be more beneficial for everyone to join forces into a monopoly instead of compete with one another. Then Musk got kicked out of the company because they didn't think he was doing a good job, and he was fortunate to benefit financially when they sold to eBay. So it's a pretty classic case of survivorship bias, and the fact that he invested into an already innovative electric car company does not mean his taskmaster leanings are assuredly the key to success. For every one of Musk's companies, there are countless others enjoying a healthy amount of profit without the excessive hours.
Keep in mind that while the store brings in a majority of revenue, it provides less than 20% of operating income. A majority of operating income comes from AWS (which provides less than 20% of revenue).
"We" lived in feudalism? Do you speak for the entire world? Remember that there were peoples that were conquered by industrialist empires who had more equal systems than feudalism or than what we have right now. Communities in the Amazon or isolated Pacific or African islands (and deserts in Africa) have had more equal societies than the USA today and arguably were quite happy till their partway-utopia was wrecked by technologically advanced people. This gives me little hope for people pitching AI leading us into a better society unless the hearts of the people with the power are trustworthy and faithful to promoting good for people rather than profit for themselves.
> This gives me little hope for people pitching AI leading us into a better society unless the hearts of the people with the power are trustworthy and faithful to promoting good for people rather than profit for themselves.
Agree. I see parallels to communism: in theory it sounds alright - spread the wealth, everyone works for the collective etc. - but in practise it doesn’t work because people are greedy and leaders inevitably become dictators.
With AI it’s similar in that in theory it could be impartial and level playing fields, but in practise they will be run by companies and governments where the same old human fallibilities persist.
If you can’t trust the leaders then you can’t trust their machines either.
I swore off Square long ago because I made a handle using the names of me and my wife to let people contribute to a honeymoon fund when we got married and then after a couple friends contributed, Cash banned my handle and support wrote me back only one time and then was forever afterward silent and never restored my account, and I thought, "Great, another Silicon Valley app where the goal is to provide as little support as possible, only it's not about photos or email, it's about money, so that seems like the worst fit for Silicon Valley where they don't like to lift a finger to help you with anything!" Ever since I've seen zero reason to use them over a sea of viable alternatives. My stodgy old bank lets me use Zelle, and my stodgy old bank answers the phone when I call. I can also drive a few minutes to talk to them face to face if there is a real problem with my MONEY.
As a Canadian who has worked in the US for a bit, something I always find strange is the American aversion to Zelle. E-transfers are the equivalent here, and everyone uses it and as it's rolled out over the years, I've definitely seen the literal delight from people learning they don't have to download a new app, make a new account, anything else. But every American insisted I make a venmo account, when both of our bank accounts supported Zelle.
As an American, I've never understood it either. I've watched family and friends spend hours setting up Venmo to send each other $20 when both of them already have Zelle built into their banking apps. It makes no sense to me.
My wife reminds me of this. And as you both pointed out, it's not just social media, but the algorithmically fueled addiction to endless content. A relative told me their teenagers have to use Chromebooks in middle school, and all quizzes and tests and homework are done on the computer. Not only that, but if they finish a quiz or test in the classroom, they're allowed to sit there and watch YouTube right there in the classroom until the period is over! When I was in middle school, that free time was precious to me because I used it to make a dent in my homework so I'd have less to do after school. It boggles my mind that school administrators would have no clue that kids should have not unfettered access to stuff like YouTube in school. As a guy who has to work on computers most of the time, I'm very grateful my childhood had plenty of analog time, and life in the great outdoors on a daily basis!
When my oldest was going into middle school the district started providing devices for the kids to use in class. There was breathless hype about how this would usher in a new age of technological competence and improved pedagogy. I asked the district IT folks in attendance what types of controls they had in place to prevent misuse -- watching YouTube, open browsing of the web, etc. They had literally nothing in place.
You can guess how that went.
I love Vernor Vinge's works, but the worst prediction of his ever, just 180 degrees totally in the wrong direction, was _Rainbow's End_'s treatment of technology in education. His take (and this was as late as 2006!) was that unfettered access to technology would turn elementary students into a cohort of genius autodidacts. Fast forward to 2025 (coincidently the date the book is set in) and unfettered access to technology has turned children into feed-consuming zombies.
Do you have children? We are not bad parents just because we prohibit our children from doing something that is a "common" practice for many other kids in our circles. As for inhibiting socially, do you realize that multiple major publications have just been putting out articles in the past month about adults isolating more than ever? If anything, social media is a contributing factor to that social decline. I'm grateful my kids are young, and were not born a decade earlier because many kids I know that were born around that time have suffered with smartphone access. These are not arbitrary standards--it is a widely understood problem.
I get what scop meant. Family vehicles had cassette or 8-track players when I was a kid and I figured out how to use my parents' record player, but for the purposes of what he was getting at, CDs are a more "analog" experience than streaming music, and give you a feel for what playing an album is like. You have to physically put in and remove the disc to change the music, whereas streaming gives you any song at your fingertips.
I think it’s fair enough to call a CD analog because the data stream is nothing for than wave amplitudes. It doesn’t use a Fourier transform or compression or require “software”.
Sorry for your disappointment! I can't speak to that part of Czechia as my ancestors came from Moravia. When I first visited Czech relatives in 1991 (Czechoslovakia at that time), we were served fruit kolaches that looked just like the ones my grandmother had grown up with in Texas, although the Moravian ones were smaller. However, I've been back to visit my 3rd cousins multiple times and I get the impression that the specific pastry that Czech Texans are so familiar with is just one of many kinds in the old country. In the 1800s, ovens were not as plentiful in Europe, but were more common in America. Sugar, butter, eggs and white flour were more expensive in Europe, so kolaches were reserved for special occasions. But since it was easier to make them in America, Czech immigrants made them frequently and they became one of the most prominent symbols of Czech culture.
I hadn't heard of Wends until today. I'm Czech Texan, and more Czechs ended up in Texas than any other state, but of course we were still outnumbered by the German immigrants, so I'm not surprised by a subset of immigrants I didn't know about coming from that region. I haven't toured the painted churches, though many people I know have done so. Their story sounds pretty interesting, and I'm quite delighted to see this come across HN.
