alt Hacker NewsThe conclusion that you should wait to build anything is an illustration of the danger of economic inflation that the author started with. I'm not sure why he thinks the economic version is toxic but the technological version is a good idea though.
The answer to should we just sit around and wait for better technology is obviously no. We gain a lot of knowledge by building with what we have; builders now inform where technology improves. (The front page has an article about Voyager being a light day away...)
I think the more interesting question is what would happen if we induced some kind of 2% "technological inflation" - every year it gets harder to make anything. Would that push more orgs to build more things? Everyone pours everything they have into making products now because their resources will go less far next year.
> I think the more interesting question is what would happen if we induced some kind of 2% "technological inflation" - every year it gets harder to make anything. Would that push more orgs to build more things? Everyone pours everything they have into making products now because their resources will go less far next year.
Government bonds already do this for absolutely everything. If I can put my money in a guaranteed bond at X%/year then your startup that's a risky investment has to make much better returns to make it worth my while. That's why the stock market is always chasing growth.