The problem being that the profitability of social media is vastly overplayed except for a tiny fraction of the population — ask Twitter when they expect to finally start turning a profit.
Likewise, while this is an excellent topic for discussion, I was mildly amused by the OP's assertion that porn still constitutes a material good that can create wealth, when as Cracked.com (http://www.cracked.com/article_18817_5-reasons-future-will-be-ruled-by-b.s..html) pointed out:
If I gave you a budget of zero dollars and said, "Get me as much Internet porn as you can for that amount of money," how much porn would you come back with?
I'm thinking the answer is, "All of the porn."
[...] There's more porn than air now. Literally — air is limited, but we have machines that can convert energy into .jpegs of titties from now until the heat death of the universe. Titties are post-scarcity.
That being said, his overall point holds — it's literally impossible to enforce artificial scarcity on anything that can be converted into digital data, which is pretty much the majority of the market now.
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Date: 5/11/10 19:21 (UTC)Likewise, while this is an excellent topic for discussion, I was mildly amused by the OP's assertion that porn still constitutes a material good that can create wealth, when as Cracked.com (http://www.cracked.com/article_18817_5-reasons-future-will-be-ruled-by-b.s..html) pointed out:
That being said, his overall point holds — it's literally impossible to enforce artificial scarcity on anything that can be converted into digital data, which is pretty much the majority of the market now.