Netizen

Economic Growth and the Production Possibility Curve (Photo credit: Wikipedia)

If all money is digital, and if M-Pesa is the future, not just in Kenya but also in the rich world, and if the blockchain technology does to money moving what the Internet did to information moving, as in bring the costs down to pretty much zero, then the money is not actually moving, is it? You are just managing accounts, you are adding and subtracting.

And that digitization allows for a potentially massive increase in the velocity of money. If the same dollar exchanges hands 200 times instead of 20, that is a ten times increase in economic activity and hence economic growth. Moving money should be instantaneous and free globally. Just like when you send email, there is no lag. In the old fashioned ways, it can take days for money to move. There is no reason why it should be that way. That "lag" is a tremendous drag on economic activity.

The first one obviously was when Jack Dorsey was ousted as Twitter CEO the first time around. Evan Williams, smart guy, shot himself in the foot. You shouldn't do something just because you can.

It is a DNA thing. Only the inventor can come up with killer features for the product. That person in this case is Jack Dorsey. The Twitter Board is in no position to decide.

If I were the Twitter Board, I would salivate at the prospect. Jack Dorsey is no longer a green horn CEO. He has now become really good at it. The first time around he was like, I should have held weekly meetings.

Twitter Board's problem should have been, maybe Dorsey is not available. Giving an ultimatum is bad manners. And it will hurt Twitter, which has been stagnant for a long time now.

I always thought Dick Costolo was more of a COO person. Evan Williams could have been Chairperson. But neither were cut to be CEO. And Twitter lost major momentum along the way.

A new direction would be to get much better at curate-and-display. Most people don't really want to tweet, they just want to consume.

This is not about whether Jack Dorsey is a Steve Jobs or an Elon Musk. This is about whether there is anyone better for the job, and there isn't. It goes with the territory.

Sorry Jack Dorsey, Steve Jobs And Elon Musk Are Exceptions

Currently, Musk serves as the CEO of publicly traded Tesla Motors and the private company SpaceX. Tesla is currently valued at about $25 billion and Musk has his sights set on a $700 billion valuation.