Patrick Collison, cofounder of online payment system Stripe, thinks that even with its wide-ranging and well-documented problems, the internet is still amazing.
(I guess I fall somewhere in the middle in the I flagged a few books that I thought were particularly great in green and those that I thought were substantially above average in light blue. It also goes without saying that it’d be a mistake to look at any of the problems identified in this post as immutable, and it’s worth keeping in mind that they apply to most areas of the world that aren’t Silicon Valley. The Arab Spring would probably have been less problematic for incumbent governments if things had happened more slowly.
I decided to make a list of reasons and came up with 11. I've only read about half of the books here. Because online news and social structures don’t pay much attention to national boundaries, laws and government actions are increasingly held to international standards. After experiencing firsthand how difficult it was to set up an online business, Patrick and his brother John started Stripe in …
But governments still operate on timescales of days and weeks while it’s becoming easier for events to play out hour-by-hour.2. With the internet, we can rapidly rewire our communication networks when a node becomes an important source of information. Communication and publication can no longer be censored. Every now and again, someone emails me and asks for very general advice. It’s impossible to really know the counterfactual, but I suspect not.Stripe wasn’t easy to get off the ground. I doubt we’d have been able to pull it off.But I’m not sure that asking whether The answer is almost definitely “substantially harder”. They don’t really expand into jurisdictions at all.
Patrick Collison. Goverments sometimes acquiesce and enact bad laws (DMCA), which in turn angers citizens.Looking back over these, the main thing that strikes me is that it’s very hard to imagine any of them going away or being resolved any time soon. I don't, and end up feeling a bit guilty about being so haphazard. About; Advice; Blog; Bookshelf; Culture; Fast; Growth; Labs; Links; People; Pollution; Progress; Questions; SV history; Travel; Work
Most technologies don’t cause so much ongoing upheaval.Why is the internet so challenging? It’s harder for governments to broadcast directly to their citizens. A lot of laws make less sense today. The Environment Agency has received a new bespoke application for an environmental permit under the Environmental Permitting (England and Wales) Regulations 2010 from Dr Patrick Collison.
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