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The Decline of Unfettered Research with Andrew Odlyzko [Idea Machines #31]

Idea Machines

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The Limits of Competition

There hasn't been all that much in the way of significant breakthroughs. I think it's simply very difficult to come up with breakthrough ideas. If you look at something like Bitcoin, it has excited attention of many people, produced almost a dozen years ago. On the other hand, all the basic technologies in it have been known for at least 30 years. It's really harder to achieve breakthroughs. That kind of the low hanging fruit have already been picked. And maybe occasionally somebody will find them, but not too often.

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