This fallacy the same thing that happened for the word "Disrupt"/"Disruption"/"Disruptive Technology". Even Clay Christensen, the creator of the phrase, says most people misuse the phrase "disruption" when compared to his explanation in the Innovators Dilemma. There are Tons of people complaining that the term is misused. In the end, if you casually tell someone you've got an idea for a Taco Food truck that's going to disrupt the food truck industry, people will know what you mean.
The definition of this word "blockchain" is being misused so much that it is changing faster real eduction can help. I think posts like this are great if you're technical, but as I said above — It doesn't matter what the fallacy is.
 - https://www.amazon.com/Innovators-Dilemma-Revolutionary-Chan...
 - https://techcrunch.com/2013/02/16/the-truth-about-disruption...
 - https://www.forbes.com/sites/vukivujasinovic/2017/03/02/its-...
 - https://www.newyorker.com/magazine/2014/06/23/the-disruption...
In terms of the Facebook product one cannot deny the obvious: They touched THE nerve on the internet. World wide. Across languages and cultures.
I don't like the embodiment of the product at all. At the very least it has usability and privacy problems. Yet more people use it successfully than any other web app in the world. So, what do I know? What do experts know?
A similar thing could be said about CraigsList. It's 2014. Every time I use the site I cannot believe what I am looking at. Yet I and lots of other people keep using it. It works.
Facebook has a general lack of elegance (whatever that means). The kind that happens when a product is thrown together and evolved over time. Evolving anything over time means the output "naturally selects" (subverting the theory here) to the environment created by it's users.
They survive because they optimized for what is important to their users. Grandma couldn't care less about UI issues or searchability. She wants to see her grandchildren's pictures and videos. And for that it works very well for a huge percentage of the planet.
At some point it becomes almost impossible to break the mold and clean-up what might be less than ideal. Why would you? It works. Another "Innovator's Dilemma"  situation to a large extent.
What you are talking about sound very much like what's covered in The Innovator's Dilema .
I am not entirely sure I understand your position with regards to government. It seems you are suggesting the only way to evolve things is to "exit". I took this as perhaps going to the extent of physically relocating to a country where what you want is either accepted or already there. You gave the example of your parents. As the son of immigrants I too have similar examples. Can you clarify this point?
There's a huge divide between Washington's understanding of the ever-evolving world of technology and that reality. Watching the various layers of Washington discuss what they perceive to be the issue with the ACA website is proof enough of that.
1. I don't believe it's an accurate statement to say Nokia is dead (if even as a stand-alone company). They have several great things going for them today, it's just hard to see if you're not looking beyond the current quarter or two (which I've found is a common symptom of blindness).
2. I don't believe it's an accurate statement to say they flushed every piece of software they have ever built down the toilet. Firstly, they're still releasing non-WP phones. Secondly, a lot of their skills are in innovating within hardware, which they're very much still doing great stuff with.
3. The takeaway from the article is that if you are a tech company, you shouldn't become a media company (or get into media). Firstly, wouldn't Apple, Google, and Microsoft have never entered the media industry if they would've followed this? Secondly, this takeaway is a great example of the innovators dilemma . The two opposing strategies could just as well lead to failure -- a. Following this "takeaway" advice and being too afraid to join new "value markets" (e.g. innovating within media), and so you just keep on running with what works [3a]; and b. Not following this takeaway advice because you realize you can't stay on top forever with your current strategy, and so you make an attempt to enter new disruptive markets even if it means cannibalizing yourself [3b].
[3a] I think this blanket advice has problems -- media may have been a good thing to get into because the media integration could have caused (or did?) a major disruption in the existing market (I believe this was Nokia's belief and a cause for why they did what they did). Thus not trying new things like this could cause failure as well, as new players enter the market and take their marketshare (e.g. Apple with music and media at its core).
[3b] Though Nokia failed at it.
In craigslist's case, he could include a link on the old site that allows users to upgrade to a more modern version, and have the modern site basically consume an api/scrape the old CL till it gained momentum.
Google has always been attempting to enter new markets, but the new attempts amounted to a lot of moderately useful utilities, some questionably useful toys and curiosities, and a lot of misses. Mostly, the attempts seemed like random offshoots -- the products of a company that was supremely dominant in its position, flush with cash, and free to experiment in any way it so chose.
As I mentioned in a previous comment, it's very easy in hindsight to blame Google for having essentially rested on its laurels, squandering its lead and its position. And it's very easy to claim that certain threats (i.e., Facebook) were "always" obvious. They weren't. There were certainly some critical junctures at which Google should have focused its efforts on expansion in one or two directions. But Google was making attempts at expansion -- just not the right ones.
Harvard's Clayton Christensen famously described this situation as "The Innovator's Dilemma." There is a well-documented and almost axiomatic pattern, throughout history, of innovative companies rising to the top and then failing to predict who or what would eventually disrupt them. (If disruption were easily predictable, after all, it wouldn't be disruptive).
It's worth checking out.
Fresh book recommendations delivered straight to your inbox every Thursday.