[federona]

Thiel and his ilk are the reason we can't build cool shit anymore. Look at PayPal, horrible outdated interface that is still a kluge with old functionality glued to new functionality because it's just too big to be too concerned, and horrible customer service too. There is so much corruption and profiteering due to monopolization of various industries that this sort of behavior happens, Thiel is the guy who walks away with all his money before shit from his philosophy hits the fan; society being the bag man. Look at Trump who Thiel supported or his general idea of a monopoly. Monopolies are bad, competition and distribution is good. Thiel does not know what he's talking about. The rich can capture all the value, but what happens after that, they continue to capture all the value and don't have to improve or innovate to continue to exist, you can't hold them up to anything because what are you going to do you are locked in.

Do things 10x better he says, and then you will have so much network effect that you can do things 10x worse and people still have a hard time getting rid of you.