That's a *very* insightful post, thank you for sharing it.
If the answer is "no", it means that a big part of that artificial value created will soon be reduced to ashes. If the answer is "yes", then it's only a matter of time for it to become a "no".
The important question after that is "does it really matter at a global scale?". The risk does not seem systemic, so the losers will only be the ones who dared to play: entrepreneurs and VCs. No big deal: they play that game specifically because the enjoy the risky part of the (ad)venture.
At the ecosystem level, it will eventually cause a violent paradigm shift, but here again: it's the healthy cycle of the innovation funding process, as described by William Janeway.
I'm not pretending to understand everything here, so please correct me if I'm wrong.
That's a *very* insightful post, thank you for sharing it.
If the answer is "no", it means that a big part of that artificial value created will soon be reduced to ashes. If the answer is "yes", then it's only a matter of time for it to become a "no".
The important question after that is "does it really matter at a global scale?". The risk does not seem systemic, so the losers will only be the ones who dared to play: entrepreneurs and VCs. No big deal: they play that game specifically because the enjoy the risky part of the (ad)venture.
At the ecosystem level, it will eventually cause a violent paradigm shift, but here again: it's the healthy cycle of the innovation funding process, as described by William Janeway.
I'm not pretending to understand everything here, so please correct me if I'm wrong.
Good take :)