There will always be people who are ahead of the curve, and people who are behind the curve. But knowledge moves the curve.
The benefit to building a startup is that customers don't have the same kind of friction when they adopt new technology.
Nevertheless, the number of farmers, small as well as large, who are adopting the new seeds and new technology is increasing very rapidly, and the increase in numbers during the past three years has been phenomenal.
These days, the problem isn't how to innovate; it's how to get society to adopt the good ideas that already exist.
At the end of the day, what's going to make bitcoin successful is more people making more interesting things, just like the beginning of the Internet.
With technological advances, there's a very natural curve between cost and complexity and adoption. When the cost and complexity are high, the adoption rate is - let's call it 'modest.'
The single most important thing for any processor is getting adoption by software developers.
When we were a smaller company, Facebook login was widely adopted, and the growth rate for it has been quite quick. But in order to get to the next level and become more ubiquitous, it needs to be trusted even more.
The first stage in a technology's advance is that it'll fall below a critical price. After it falls below a critical price, it will tend, if it's successful, to rise above a critical mass, a penetration.
An innovation will get traction only if it helps people get something that they're already doing in their lives done better.
No one will use the new Internet if it's slow, costs money and doesn't scale.
An invention that is quickly accepted will turn out to be a rather trivial alteration of something that has already existed.
Cell phones were more popular in Cambodia and Uganda because they didn't have phones. We had phones in this country, and we were very late to the table. They're going to adopt e-books much faster than we do.
Creative people are notoriously the slowest to adopt new technology.
Catalyzed by the Recovery Act, adoption of electronic health records is increasing dramatically.
I am not gadgety at all. It's not that I'm appalled by technology, but I've taken my time acquiring any of it.
There's a big difference between needs and requirements for grid-based electricity versus those for distributed rural homes or remote locations, or even rooftop solar, where photovoltaics do OK. The more economical a technology is, the faster we'll see adoption.
Bitcoin's success will guarantee Bitcoin's success.
Bitcoin's got its issues. But it is not competing with perfection.
It took thirty-eight years before 50 million people gained access to radios. It took television thirteen years to earn an audience that size. It took Instagram a year and a half.
I think Angelina Jolie has done amazing, amazing things, and the international adoption rate just since her has skyrocketed. It's unbelievable.
We provide many options in many product areas that they seem to want to adopt, and that's working well for us.
If bitcoin is more expensive or slower than traditional financial systems, people aren't going to use it.
It took 10 years to go from building the initial Smartphone to reaching the mass market. BlackBerry came out in 2003 and it didn't get to about a billion units until 2013. So I can't imagine it would be much faster for VR.
I'm building on purpose. I'm building that tipping point. I'm building that law of diffusion of innovation.
