Bears repeating…

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  • by Frank Paynter on September 29, 2024

    I wrote this a year ago and nothing much has happened to change my mind…

    It’s not about the shallow nature and the greed of the second generation brass-ring boys seeking to spin straw into gold. It’s not even so much about the immutability of the straw, although that’s a big part of it. What it’s about is the commodity nature of the widgets that the brass-ring boys seek to capitalize.

    In the good old days — say 1997 — there was so much unlaundered mob money floating around in Silicon Valley that no good idea could go unfunded. Since they moved the Bank of America deeper into Christian fundamentalist country and closer to the Florida operation and the off-shore banks, there hasn’t been that much money to launder.

    Of course, there are only so many drop shadow logoed, productized widgets with omitted “e”s available to fund, so the decline in drug money to launder matches the decline in products seeking funds, so the burn rates remain about the same, although the general contribution to global warming has declined.

    Most of these products are like green beans. They’re tasty with a little buttr, and you can get them anywhere, cheap. Unlike green beans though, they’re mostly based on the characteristics of a current generation of browser and a sense that the whirled wide web is the internet. It’s not, and as tele-immersion applications and the like emerge over the next few years soaking up bandwidth in ways undreamed of by the brass-ring boys, their little dreams of wealth will be dashed. Fortunately for them of course, there will remain a huge market for green beans and they’ll continue to rake a little off the top of every sale, adding value with attitude.

    { 2 comments… read them below or add one }

    Charles Follymacher 09.29.07 at 2:26

    I grwo weary of lifting quality quotables from this domain. I’m puttin the wisdom filter on all things listical for the next 24hrs.

    Frank Paynter 09.29.07 at 2:55

    Dammit… I needz the links.

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