“Algos create value”
This is true and I can’t stop thinking about it.
Algos helped me run on razor thin infra, but this is not enough - one must innovate.
All this goes in cycles. Digital was rare, valuable, non-obvious, and difficult for a long time. Now we’ve won so hard that the physical complements are becoming more valuable. We have plenty of once-scarce jelly, and now it’s time to make peanut butter again.
But to answer the question directly: algorithms create value (try running the modern world without quicksort or pagerank). Think about billion-person networks, social media, cryptocurrency itself…in many ways we live in an Internet First world, particularly in the English-speaking world.
And digital progress will continue, as it should. But now it’s time to print out the Internet, to materialize all these cool things from the cloud upon the land, and also to rebuild genuine in-person communities in the process. Like new cities, built not around the car but the self-driving, electric car.