When Henry Ford made cheap, reliable cars people said, 'Nah, what's wrong with a horse?' That was a huge bet he made, and it worked.
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I think I have a pretty deep understanding of what Money actually is on a practical day to day basis because of paypal. right now, the money system for practical purposes is really a bunch of heterogeneous mainframes running old COBOL.
The extreme difficulty of scaling production of new technology is not well understood. It's 1000% to 10,000% harder than making a few prototypes. The machine that makes the machine is vastly harder than the machine itself.
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If you think back to the beginning of cell phones, laptops or really any new technology, it's always expensive.
I was born in Africa. I came to California because it's really where new technologies can be brought to fruition, and I don't see a viable competitor.
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