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In response to
"But what you’re missing is that there is a fundamental value to a smartphone vis-a-vis speed of accessing information. -- (edited)"
by
znufrii
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I'm not missing anything. I'm challenging misconceptions about valuation.
Posted by
David (aka David)
Feb 9 '18, 10:43
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There is a fundamental value to a smartphone, as I tried to tell people here (well, there) back on the day that the iTunes store opened. I couldn't get anybody to care. The arrival of digital delivery elevated the smartphone's value despite the fact that the phone itself hadn't changed, a fascinating quirk of the technology industry.
The iTunes store has value, too. How much value it has is up for debate. A new market such as a blockchain that delivered digital content would be more valuable almost immediately, but it wouldn't succeed at first (possibly even ever) due to the perception people have the iTunes store as superior. They didn't have that at first. They had to earn it over time. The asset was always the same, though. Its value and utility only changed marginally over time due to programming improvements and larger content. The overall premise was the same from day one.
You want to believe in the market. I never have. Our discussions on the subject always reflect that.
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