When the facts change, I change my mind. What do you do? -- John Maynard Keynes
Sunday, April 6, 2014
Peter Thiel says NSA Showed Huge Incompetence on Data Collection (video)
NSA Showed Huge `Incompetence' on Data Collection: Video - Bloomberg: "March 20 (Bloomberg) -- *Peter Thiel, co-founder of EBay Inc's PayPal, talks about the data collection program at the U.S. National Security Agency and the outlook for technology startups in Berlin. He spoke yesterday with Bloomberg Television's Hans Nichols in Berlin. (Source: Bloomberg)" (if video above does not show or play after a few seconds, go to the link above)
"Huge Incompetence" -- NSA kind of like healthcare.org -- what is it about Washington, D.C., and tech? Massively wasteful, incompetent, and inept. I guess this is what you get when you have too much money in the hands of political hacks, crony capitalist government contractors, special interests, and people with small, bureaucratic minds.
*Peter Thiel - Wikipedia, the free encyclopedia: "Peter Andreas Thiel ... is a German-born American entrepreneur, venture capitalist, and hedge fund manager. Thiel cofounded PayPal with Max Levchin, and later, Elon Musk, and served as its CEO. He also cofounded Palantir, of which he is chairman. He serves as president of Clarium Capital, a global macro hedge fund with $700 million in assets under management; a managing partner in Founders Fund, a venture capital fund with $2 billion in assets under management; and cofounder and investment committee chair of Mithril Capital Management. He was the first outside investor in Facebook, the popular social-networking site, with a 10.2% stake acquired in 2004 for $500,000, and sits on the company's board of directors. Thiel was ranked #293 on the Forbes 400 in 2011, with a net worth of $1.5 billion as of March 2012...."
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