Source: Students For Liberty
by Oscar Gill-Lewis
“One of the most interesting aspects of Silicon Valley is that Richard never originally set out to create a decentralized internet. His initial plan was far more modest: to sell his compression algorithm, a technology that makes digital files smaller and more efficient to store and transmit. He develops this algorithm because he recognizes, through market feedback and investor interest, that there is strong demand for such a tool. This reflects key insights from Hayek and Kirzner.” (12/01/25)