Posted on 11/17/2013 2:04:56 PM PST by Errant
with facebook YOU are the product.
facebook’s model is “the user is the product”.
First, let's be clear that the accumulation of wealth is not always the same as the creation of wealth. Ralph Wilson is a fabulously wealthy man [to use a Buffalo-area example], but the Buffalo Bills don't create a red cent of wealth -- they just accumulate it from those who did.
And second, that wealthy man who made his fortune from software, did so because his products made the production of tangible goods more efficient and, therefore, more profitable. Wealth-creation is, always has been, and always will be dependent on the production of tangible goods.
The services that aid that are economically valuable but wouldn't exist without it. We'd be too poor to buy them.
That can only be the case if they can sell our data [well, not mine -- I can't stand the thing] to advertisers to help sell, wait for it, tangible goods!
Please don’t flame away but I haven’t a clue as to what Bitcoin is. Can someone in a few sentences explain what it factually is, without an opinion of whether it is good or bad?? THANKS!
Wealth is an excess of capital; Money is capital; Bitcoin is money. Someone who has a million Bitcoins is wealthy indeed!
Have hope that I shall not... ;-)
Watch this little 2 min video as it explains much: http://www.youtube.com/watch?v=Um63OQz3bjo
If you have questions about specific aspects, feel free to post them.
Well, I can't disagree with you on that point.
Glad we could find something to agree upon. :-)
or services, or games, or other electron based products with no substance or manufacturing needed.
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