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1/ Globally successful #cryptonetworks will be aggregators of a scale hardly seen before.
They will also change the market power of suppliers, consumers, and distributors (once again).
They will also change the market power of suppliers, consumers, and distributors (once again).
2/ @benthompson @stratechery sets the stage for the current digital landscape of Aggregation Theory: stratechery.com/2015/aggregati…
3/ With cryptonetworks that find fit:
Suppliers & Consumers of the service will be unified & routed via an open and global protocol.
Distribution will happen via application interfaces that have no lock-in to the underlying base of suppliers/consumers.
Suppliers & Consumers of the service will be unified & routed via an open and global protocol.
Distribution will happen via application interfaces that have no lock-in to the underlying base of suppliers/consumers.
4/ Attempts to grab undue market power will still be made at the distribution layer, in part because most distributors are likely to be equity-capitalized where the asset accrues value by extracting profit.
5/ The protocol layer must remain open for the “consensus system” to work + it will be cryptoasset capitalized, with little incentive to unfairly lever profits.
6/ Long term, unfair attempts by protocols to lever market power could hurt the cryptoasset’s price, as opposed to rewarding such behavior as currently happens with equities.
7/ Hopefully this architecture + asset shift all makes for a more equitable world with better balance amongst suppliers, consumers, distributors and investors ☺️
