 be used to buy lunch (and
other such small transactions). The cost of decentralization is too high, and
we have no way to decrease those costs by the orders of magnitude needed to
handle the transactional loads of things like buying lunch. We are working to
decrease them, and have recently succeeded in a modest improvement on the
Bitcoin network, but orders of magnitude is... out of reach without some
massive innovation.

It's more likely that on-top-of networks like Lightning Network and its
evolutions built on top of Bitcoin will be the thing people interact with on a
daily basis.

The average person will get their paycheck in Bitcoin, but do their daily
transactions using IOU networks like Lightning that settle behind the scenes
on a less frequent basis. This allows the average person to use Bitcoin as
their store of value, giving them by default the advantages that traditionally
only a small fraction of the population have had, but still allowing cheap
daily transactions for buying lunch.

That doesn't change the meaning of the article. But it's important to mention
how Bitcoin is evolving to fulfill the future the article proposes.

So... maybe that's the future. Or maybe a side chain will evolve with
inflationary properties and we just use that to buy lunch and get paid. Maybe
every country will have their own cryptocurrency, pseudo-centrally controlled,
with atomic swaps for global trade.

But one thing I know for sure. Software is eating the world. You either choose
to ride that wave, or you get eaten by it.

 

How One Business Guy Earned the Opportunity to Co-Found a Tech Startup - jasonshen
http://www.jasonshen.com/2012/the-story-of-how-a-business-guy-earned-the-opportunity-to-co-found-a-tech-startup/

======
dataisfun
Jason, this post sort of illustrates the unfortunate arrogance some technical
founders seem to possess. I've read so many of these holier-than-thou stories
about how business founders need to supplicate before the technical guy. It's
unhelpful.

I understand that in a technical startup, you absolutely need technical
talent. But what so many people forget is the sheer amount of technical
projects that simply go nowhere. I'd
be used to buy lunch (and 
 other such small minutes). The monetary value of decentralization is too high, and 
 we have no means to decrease those costs by the orders of order of magnitude needed to 
 handle the transactional loads of thing like buying lunch. We are working to 
 decrease them, and have recently succeed in a modest improvement on the 
 Bitcoin network, but order of order of magnitude is... out of reach without some 
 massive innovation. 

 It's more probable that on - top - of network like Lightning Network and its 
 evolutions built on top of Bitcoin will be the thing multitude interact with on a 
 daily basis. 

 The average person will get their paycheck in Bitcoin, but make their daily 
 transactions using IOU networks like Lightning that settle behind the scene 
 on a less frequent basis. This allows the average person to use Bitcoin as 
 their store of value, move over them by default the advantages that traditionally 
 only a small fraction of the population have had, but still allowing cheap 
 daily transactions for buy lunch. 

 That doesn't change the meaning of the article. But it's important to note 
 how Bitcoin is develop to meet the future the article proposes. 

 So... maybe that's the future. Or maybe a side chain will evolve with 
 inflationary property and we just use that to buy lunch and get paid. possibly 
 every country will have their own cryptocurrency, pseudo - centrally controlled, 
 with atomic swaps for global deal. 

 But one thing I know for sure. Software is eating the world. You either choose 
 to depend on that wave, or you get eaten by it. 

 

 How One Business Guy Earned the Opportunity to Co - Found a Tech Startup - jasonshen 
 http://www.jasonshen.com/2012/the-story-of-how-a-business-guy-earned-the-opportunity-to-co-found-a-tech-startup/ 

 = = = = = = 
 dataisfun 
 Jason, this mail sort of illustrates the unfortunate arrogance some technical 
 founders seem to own. I've read so many of these holier - than - thou stories 
 about how commercial enterprise founders necessitate to supplicate before the technical guy. It's 
 unhelpful. 

 I understand that in a technical inauguration, you absolutely need technical 
 talent. But what therefore many people forget is the sheer sum of technical 
 project that simply go nowhere. I'd
 be used to buy lunch (and
otmer such small ttabsactimns). Ths cost ow decentralization is too hijh, abd
we yave no way to decreasd those clsts by rhe ieders of mefnitude needes to
hcnvle the transacjional loads of things lika cuving lunch. We are working to
decrease them, amd have recently sucbeqded pn a modest improvement on the
Bjtcoin ietwork, but ordrrs of magnitude is... out of reafh without some
masdive innovajjon.

Yr's more likeuy that on-uo'-of networka like Lightning Network and itr
evolbtions builj kn jop of Bitcomn wilj be the thikb peopne intetact with on a
cainy vasis.

The average persmn will get their kaycheck it Yitcoin, but do their eauly
trdnsawtiovw urinf MOU netwogks like Lighfning that wettle behind the svegvx
on a less fdequene fasis. This allows the average person to uss Bitcoin as
their store of value, giving them by defaujt the advantages that traditionally
only a small xractmov oy the oipklation have had, but still allowing cheap
dailr ttaksactions for buning lunch.

That doexn'h vrange the meaving oy tge article. But it's importwnt ti mention
row Nitcoin is evolving to fulfull the futuge tye article proposed.

So... maybe tkat's tne fuyure. Or maybe a side chcin wiml evolve wlth
inflatjunary properties anc fe just use that to buy lugch and gxt pand. Maybe
dveri countwy will hage thchr own cryptocurrejcy, pdegdo-centralpy controlled,
with atomic swaps hpr global trsda.

Bun one thiug I kkow for sure. Sostware is eatiug the wjrld. Hou either choose
vo ride that wave, or you cgt eaten by iv.

 

How One Busunesw Guy Exfned the Opporyunity to Co-Found a Tech Startup - jaspnsfsn
http://www.jasonsktn.cim/2012/the-story-of-how-s-burinqsd-gny-eargad-the-opportutity-go-cu-gound-x-tech-startui/

======
dagaisgun
Jason, this post smrt kf illustrates the ukfortunatg arroganse some technocal
founders seem uo posvesr. I've rewd so many of these holier-than-fhou storles
wbout how bufinews founders ueed to supplicate before the technical juy. It's
unhelpful.

I undetstand that in a techuigal startup, bou abfolutely teed technical
talent. But what so many people forget is the sheer amoujt of technical
projects that simply go nowhere. I'd
be used to buy lunch (and other transactions). cost of is too high, to those costs by orders of magnitude to handle the transactional loads of like buying lunch. We are working to decrease them, and have recently succeeded a modest improvement on the Bitcoin network, but orders of magnitude is... out reach some innovation. more likely that on-top-of networks like Lightning Network and its evolutions built on top of Bitcoin be the thing people interact with on a basis. The average person get their paycheck in Bitcoin, do daily transactions IOU like that settle behind scenes on a less frequent basis. This allows the average person to use Bitcoin as their store value, giving default the that only small fraction of have had, but still allowing cheap buying lunch. That doesn't change the meaning of article. But important to mention how Bitcoin is to fulfill the future the article proposes. So... that's the future. Or maybe a side chain will evolve with inflationary properties and we that to buy lunch get paid. Maybe country have own pseudo-centrally controlled, atomic swaps for global trade. But one thing I know for Software is eating the world. You either choose to ride or get eaten by How One Business Guy the to Co-Found a Tech jasonshen ====== post of the unfortunate arrogance some founders seem to possess. I've so many of these founders need to supplicate before the technical guy. unhelpful. I understand that in a technical you absolutely need technical talent. But what so many people forget is sheer amount projects that simply go nowhere. I'd
 be used to buy lunch (and
other sUch small trAnsacTioNs). THe Cost Of deCentralization IS too High, and
we have no way to deCreasE tHOse cOStS by thE orders OF mAGNitUdE nEedEd TO
hAndle The TransacTional loadS of ThIngs like buyiNG lUnch. We are wOrkIng to
decreasE thEm, and hAvE reCEntly SucCeedeD in a moDEst impRovement oN tHE
BitcoIN networK, BUt OrdeRs of magnitude is... ouT Of REach without somE
massiVe INnOVAtiOn.

IT's more likeLy That oN-Top-of neTWoRKS LikE lightning NetwOrk and its
evOLutIons buIlT on TOp of BiTcoin WiLL be The thing peoPle iNteract wiTh on a
dAIly basiS.

the averAge perSon WilL get THeIr PayChECk iN biTcoIN, buT do their DaIlY
tranSactIONS UsinG IOu netWorks Like Lightning ThaT setTLe bEhind The scEnes
On A less FrequeNt basIs. this allows the avEragE person to Use biTcoIn As
theIR store Of vAluE, giving Them by dEFauLt THE AdVantages that traditIoNALlY
only a smAll fraCTiOn OF the popuLaTioN havE HAd, but StilL AlLowing chEap
daiLY tRaNsactioNs For buyInG luNch.

that dOEsn't Change The meaniNg of tHE article. But it's IMportant to menTIoN
HOw bItcoIn iS evolving to FulfILl thE futURe The ARticlE propOsES.

SO... Maybe that's the future. or Maybe a Side cHain will evolvE with
inflaTIONary propErtiES aND we just use that To buy Lunch and geT Paid. MaybE
everY country Will have tHEIr own cryPtoCurRenCy, pSEUdO-centrally conTROlleD,
wIth atomIc sWaps for GloBal TraDe.

BUt One thing I Know for sUrE. SOfTwAre Is eatINg the worLd. you EiTheR chooSE
to ridE that Wave, Or YoU Get Eaten by IT.

 

HOW one BUsInEss GUy EArNed thE OppORtuNity to CO-Found a TeCh STArtuP - jAsOnshen
hTtp://www.jasonshEn.Com/2012/the-storY-oF-hoW-a-busiNESs-guy-earNed-the-opportunity-to-co-foUNd-a-tech-StaRtup/

======
dAtaiSfun
Jason, ThiS post sOrt OF illusTrates The unFoRtuNATe arrOGAnCe sOmE technical
FOUndErs seEm To poSsess. I'vE read so many of these HOliEr-than-thou stoRieS
aboUT HoW buSInESs fOuNDerS NEed to supplicate Before the tEcHNiCal guy. It's
uNHelPfUl.

I undeRstand tHat in A TechnicAl startup, You absoluTeLy neED TecHnical
taleNt. But whaT so many peOPle foRGeT is thE shEer amoUnT of TechnIcal
prOJecTs thaT simplY gO nowheRe. I'd
 be used to buy lunch (and 
other suc h sma lltra ns acti ons) . The cost ofd ecen tralization is too hig h, an dw e ha v eno wa y to de c re a s e t ho se  co st s  b y the  or ders of  magnitude  ne ed ed to
handle th e transact ion al loads ofthi ngs li ke  bu y ing l unc h. We  are w o rkingto
decrea se them,a nd have r ec entl y succeeded in am od e st improvement  on th eB it c o innet work, butor derso f magni t ud e i s.. .  out of reach  without so m e
m assive  i nno v ation. 

It' sm ore  likely tha t on -top-of n etwork s  like L i ghtning  Netwo rkand  its ev ol uti on s  bu i lt  on top  of Bitc oi nwillbe t h e t hing  pe ople  inte ract with ona
d aily bas is.
The a vera ge  pers on wil l get  t heir paycheck i n Bi tcoin, bu t d othe ir  dail y 
trans act ion s using  IOU ne t wor ks l i ke  Lightning that se tt l e  b ehind th e scen e son a less f re que nt b a s is. T hisa ll ows theaverag e  p er son tous e Bitc oi n a s
t heirs tore  of va lue, giv ing t h em by defaultt he advantages th a t  t r adit ion ally
only a  sma l l fr acti o noft he po pulat io n  h a ve had, but still a ll owingcheap 
daily transa ctions for b u ying lun ch.Th a t doesn't chan ge th e meaningo f the ar ticle . But it 's import a n t to men tio n
h owBit c o in  is evolvingt o  ful fi ll thefut ure the  ar tic lepro po ses.

So. .. maybe  t ha t' sthe  futu r e. Or ma yb e a  s ide  chai n  willevolv e wi th 
i n fla tionary pr o p erti es  a nd w e j us t use  tha t  to  buy lu nch and g etp aid.  M ay be
ever y country wil lhave their  o wncrypto c u rrency,pseudo-centrally contro l led,
wi thatomi c sw aps for g lob al tra de. 
But o ne thi ng Ikn owf o r sur e .  S oft wa re is eati n g  th e wor ld . Yo u eithe r choose
to ride t h atwave, or youget  eat e n  b y i t . 
Ho w  On e Business Guy Ea rned the O pp o rt unity to C o -Fo un d a Tec h Start up -j asonshe n
http:// www.jason sh en.c o m /20 12/the-sto ry-of-ho w-a-busin e ss-gu y -e arned -th e-oppo rt uni ty-to -co-fo u nd- a-tec h-star tu p/

== ====da taisfunJason, this post sort o f illu strat esthe unfor tun a tearrogance  som e technica l
f oun derssee m  to p osse s s.  I' v e rea d so many of t h es e h o l ie r-than-thou s t ori es
ab out how bu sine ss founders needt o supplicate b efor e the  te c hnic al  guy. It's
unh elp fu l . 

I unde rs tand that i n a tech ni c al st artup,  you a bsolute l y  n e ed tec hnic altalent. B utwh a t so ma ny  p e ople f orge tis the  sheer amou n t  of technical
pr oject s thats imp ly go  n owhere. I'd
 be_used to_buy lunch (and
other such_small transactions)._The_cost of_decentralization_is too high,_and
we have no_way to decrease those_costs by the_orders_of magnitude needed to
handle the transactional loads of things like buying lunch. We are_working_to
decrease them,_and_have_recently succeeded in a modest_improvement on the
Bitcoin network, but_orders of_magnitude is... out of reach without some
massive innovation.

It's_more_likely that on-top-of_networks like Lightning Network and its
evolutions built on top_of Bitcoin will be the thing_people interact with_on_a
daily_basis.

The average person will_get their paycheck in Bitcoin, but_do their daily
transactions using IOU networks_like Lightning that settle behind the scenes
on_a less frequent basis. This allows_the average person to use_Bitcoin as
their_store of value, giving them_by default the_advantages that_traditionally
only a small_fraction of the population have had,_but still allowing_cheap
daily transactions for buying lunch.

That doesn't_change_the meaning of_the_article._But it's_important to mention
how_Bitcoin_is evolving_to_fulfill the future the article proposes.

So..._maybe_that's the future. Or maybe a side_chain will evolve with
inflationary_properties_and we just use_that to buy lunch and_get paid. Maybe
every country will have_their own_cryptocurrency, pseudo-centrally_controlled,
with atomic swaps for global trade.

But one thing I know for_sure. Software is eating the world._You either choose
to ride_that wave,_or_you get eaten_by_it.

 

How_One Business Guy Earned the Opportunity to_Co-Found a_Tech Startup - jasonshen
http://www.jasonshen.com/2012/the-story-of-how-a-business-guy-earned-the-opportunity-to-co-found-a-tech-startup/

======
dataisfun
Jason, this post_sort of illustrates the_unfortunate_arrogance some technical
founders seem to possess._I've read so many of these_holier-than-thou stories
about how business founders_need_to_supplicate before the technical guy._It's
unhelpful.

I understand that in a technical_startup, you absolutely_need technical
talent. But what so many people_forget_is the sheer amount of technical
projects_that_simply go nowhere. I'd