“Uber has no hope of expanding its transport services beyond taxis. Uber’s costs are higher than traditional cab operators, and nothing in Uber’s IPO prospectus offers any clue as to how it could ever reduce its costs to the point where they became competitive with mass transit or private cars.”
“On this half-empty passenger ship with its swirling ’80s carpets right out of The Shining, there is very little sober talk of blockchain’s obstacles or limitations. … Instead, the core and only existential question is which of the various coins and ICOs (initial coin offerings) will make you the richest the fastest before dawn.”
Bonus quote: “John McAfee has never been convicted of rape and murder, but — crucially — not in the same way that you or I have never been convicted of rape or murder.”