in this industry, an early idea is the same as a bad one
yes I am well aware of Google Wallet and have used Android’s tap to pay function literally hundreds of times to make tens of successful purchases. Or I mean, at least ten.
No one format is the answer, no one material, one style, one language, one encoding scheme.
Redundant data duplication may be a task best left to those best at it: bacteria.
Imagine a benign E-coli with the embedded knowledge of the human race. Duplicating and spreading the simple power of biological waste.
There’s the famous observation that the value of a network grows as a function of the square of the number of nodes, and also many of these services/products double their userbase every N months, with N decreasing as the service gets for valuable. So the value/importance of the service grows hyperexponentially. I’ve never met anyone in my life that has a good intuition for hyperexponential growth—most of us even struggle to comprehend exponential growth.
People often accuse people in Silicon Valley of working on things that don’t matter. Often they’re right. But many very important things start out looking as if they don’t matter, and so it’s a very bad mistake to dismiss everything that looks trivial. The problem comes when people building something claim it’s going to change the world when it still looks like a toy. That just pisses people off.