“I have heard of too many people who “knew well before it happened that
the 2008 financial crisis was inevitable.” This sentence contains a highly
objectionable word, which should be removed from our vocabulary in
discussions of major events. The word is, of course, knew. Continue reading
“We see most big problems as information problems. Which means that with enough data and the ability to crunch that data, we can solve most of the world problems facing humanity today. We think computers will serve as the behest of people – all people, to make their lives better and easier. And we are quite sure that we, as a couple of Silicon Valley guys, will come under a lot of criticism for the Pollyannaish view of the future. But it does not matter. What matter is that there is a bright light at the end of the tunnel.”
“My passion has been to build an enduring company where people were motivated to make great products. Everything else was secondary. Sure, it was great to make a profit, because that was what allowed you to make great products. But the products, not the profits, were the motivation. Sculley flipped these priorities to where the goal was to make money. It’s a subtle difference, but it ends up meaning everything: the people you hire, who gets promoted, what you discuss in meetings.
It always bothered me when I could not describe in simple words terms like public key, distributed ledger, trustless decentralized network, or compare how Bitcoin and the centralized banking system work without assuming any prior knowledge about either.
I have researched both systems and detailed my findings below.
Tarek Naim's Blog 