Faster, Better, and Cheaper — The Anthology of Balaji

Referring to “the tech industry” is dumb. That's a label we kind of accept, but it's not a clear thought. You would not call something “the physics industry.” Every industry uses technology, like every industry uses physics. Business is simply a vehicle to push the future forward and drive human progress. Whether that is accomplished through an open source project, an academic paper, or a research lab, the tool doesn't matter. The goal is to advance technology. Build a better steam engine. It may turn out the best way of doing that is with a capitalist vehicle, but nowadays it could be done with an on-chain community or a crowdfund. The tool is less important than the goal. If the purpose of technology is to reduce scarcity, then the ultimate purpose of technology is to eliminate mortality. At first that sounds crazy. But let's start here: the purpose of technology is to reduce scarcity. Think about how a breakthrough is described: faster, smaller, cheaper, better. All these words mean

Referring to “the tech industry” is dumb. That's a label we kind of accept, but it's not a clear thought. You would not call something “the physics industry.” Every industry uses technology, like every industry uses physics. Business is simply a vehicle to push the future forward and drive human progress. Whether that is accomplished through an open source project, an academic paper, or a research lab, the tool doesn't matter. The goal is to advance technology. Build a better steam engine. It may turn out the best way of doing that is with a capitalist vehicle, but nowadays it could be done wi