If you’re good at building hype and have some connections, you can attract all sorts of investors hoping to get in on the ground floor of the next big thing.
Dan Olsen’s NFT video from a year ago summed it up well, I think (link). People with money to invest today want to repeat the insane growth in wealth brought about by computers, the internet, social media, etc. So they will basically gamble on any new ideas that have an air of plausibility to kick off the next boom.
What’s sad is there are plenty of actual problems out there that could be solved with software. Most of the time they’re not that ‘sexy’ and management is so blinded by greed that they throw away all the good opportunities.
It is kind of hilarious that airplanes are seen as being safe and reliable, when if they were given the same factor of safety as most other consumer goods, they’d never get off the ground from being too heavy.
I do NOT recommend you do this, but if a ladder says it is designed for 300 lbs, then it should carry 1200 lbs. 4X is a fairly common factor of safety for things like ladders where people’s lives are in jeopardy. Most other items are usually 2X. (I want to point out that there are qualifications to this… static loading and dynamic loading are totally different things. Also a simple point load is not the same as a cantilevered loading condition. A new piece of equipment is not the same as one abused on the job for the last 10 years. All these things will dramatically affect safety ratings for things)
I’d say the difference is that every single part of an airline is carefully rated though. Everything that’s supplied for use on an airline is expensive because of all the regulations.
A ladder may be rated for 1200 pounds, but nobody inspects every single use-case for that ladder and ensures that the entire system always has 4x safety. Once you buy the ladder it’s up to you what you lean it up against, etc.
https://xkcd.com/2030/
Truth
The past decade of the tech industry has felt very snakeoil-y.
INB4 “It always has been.”
If you’re good at building hype and have some connections, you can attract all sorts of investors hoping to get in on the ground floor of the next big thing.
Dan Olsen’s NFT video from a year ago summed it up well, I think (link). People with money to invest today want to repeat the insane growth in wealth brought about by computers, the internet, social media, etc. So they will basically gamble on any new ideas that have an air of plausibility to kick off the next boom.
I think it started with registry cleaners.
Those weren’t really pushed as a get-rich-quick scheme, which a lot of the hustle seems to be currently.
Oh, you’re thinking of crypto to junk. Nah, Fudge That.
What’s sad is there are plenty of actual problems out there that could be solved with software. Most of the time they’re not that ‘sexy’ and management is so blinded by greed that they throw away all the good opportunities.
Do you have any examples of problems currently lacking a (plausible) software solution?
Just say blockchain or AI and you’ve got the base of a startup these days
scared laughter
Tom Scott on Computerphile
And his own channel’s sequel
It is kind of hilarious that airplanes are seen as being safe and reliable, when if they were given the same factor of safety as most other consumer goods, they’d never get off the ground from being too heavy.
I do NOT recommend you do this, but if a ladder says it is designed for 300 lbs, then it should carry 1200 lbs. 4X is a fairly common factor of safety for things like ladders where people’s lives are in jeopardy. Most other items are usually 2X. (I want to point out that there are qualifications to this… static loading and dynamic loading are totally different things. Also a simple point load is not the same as a cantilevered loading condition. A new piece of equipment is not the same as one abused on the job for the last 10 years. All these things will dramatically affect safety ratings for things)
I’d say the difference is that every single part of an airline is carefully rated though. Everything that’s supplied for use on an airline is expensive because of all the regulations.
A ladder may be rated for 1200 pounds, but nobody inspects every single use-case for that ladder and ensures that the entire system always has 4x safety. Once you buy the ladder it’s up to you what you lean it up against, etc.