I strongly disagree with this statement. I'm not sure if you know how to code but in Computer Science you can't brute force yourself to innovation.
If that were true than Microsoft, Apple and Google would be the only successful tech companies and we all know that is not the truth and they buy small companies like crazy.
1 genius computer scientist can do more that 1000 good computer scientists. Did you even look at the Bitcoin code ? It is pretty light. You could write some 1000 lines of code that could change the world forever if you have the skill. And usually in IT, bigger teams are always worst that smaller teams. At least that is my point of view.
Well, you can brute force your way into innovation in the IT field, and Android is one of the latest examples of it. They took a well known and innovative idea about an efficent and mobile OS and they perfected it on their own platform. Just as iOS took it over after Symbian.
Yes, 1 computer scientist can be more productive then 1000, but it doesn't matter if you can buy that 1 just as well as you could buy the 1000.
Small teams.are more effective in every fields, but some projects are just so work intensive that you cant settle with a small team.
Im logging off for today, will reply tomorrow when needed.
I love the way he assumes that even if this happened - google created a coin - which they would never do for a bazillion reasons - that anyone would use it no matter how good it was. LOL. The concept of group dynamics and open source and first mover advantage is completely lost on this guy. He's got a lot of learning to do.