A short monologue by Precursor Ventures arguing that software is becoming deflationary: prices for software are falling (example claim: a $10,000 product in three years could match a former $1,000,000 product), value will shift toward software consumers and implementers (as in open source), and software company margins are likely to decline — which the speaker frames as socially positive.
If you think about the total opposite end of the spectrum is open source, where the economic value mostly goes to the person implementing the software, not the person who wrote it. The person who wrote it usually writes it for other reasons. I think the software business is going to look more like open Source, where a $10,000 piece of software in three years is going to probably be the equivalent of a million dollar piece of software five years ago. It's just deflationary. You're going to pay a lot less, which to me means margins will go down because the consumer of software is going to capture much more of the value and that's good for society.
