spaceman_2020 3 days ago

Democratization of information, but Sam Altman gets a $100B net worth and I'm still broke :)

I would prefer some sort of democratiziation of the money made from the democratization of information as well

Agreed, i wish that it would have done more than change who gets rich off rent-seeking behavior surrounding the knowledge that others created, instead it just consolidated that from many gatekeepers to a few.

I can at least take some measure of pleasure in the fact that it has generally lessened the roadblocks in gathering information. I am still displeased that there are any gatekeepers of humanity's combined knowledge

	▲	spaceman_2020 2 days ago \| parent [-]
		It’s even worse than before Businesses like these used to public at reasonable valuations. You could ride with them to trillion dollar valuations and grow your own fortune too. Everyone has a story of buying Apple or Google or Amazon stock and making millions Now they’re going live at trillion dollar valuations and by the time you get in, all the upside has already gone (see Spacex IPO) Not only did they steal all human data, they also made sure that the upside was only limited to themselves and their cronies