Pessimists Archive Presents: The Franklin Fallacy, Why We Misjudge New Technologies
summary
Names the explicit cognitive error as The Franklin Fallacy and argues that judging tech by infancy leads to bad calls, using concrete tests: Edison tries 1,000+ filament materials before bamboo works; early bicycles are “bone shakers” until pneumatic tires; airplanes dismissed while airships ruled headlines; Ethereum’s move to proof‑of‑stake cuts energy use by 99%, showing an early limitation that later engineering actually solves.
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chapters (11)
- 0:00Franklin Fallacy introduction
- 2:29Defining the Franklin Fallacy
- 3:12Hot air balloons skepticism
- 4:17Airplanes as a fad
- 4:59Bicycles as bone shakers
- 5:42Edison’s light bulb persistence
- 6:47Home computers fad
- 8:10Steve Jobs’ long-term vision
- 9:54Cryptocurrency energy concerns
- 11:37Why this framework matters
- 12:21Q&A
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