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By connecting suppliers with consumers through an open protocol, distributors built atop #cryptonetworks lose a significant leverage point that exists in the Web today: exclusive access to the scarce underlying resources of production & consumption.
Put another way, crypto’s open protocols unbundle “distribution” from the “scarce resource,” which should help us avoid a GAFA style consolidation of market power.
cc @benthompson
cc @benthompson
That said, be on the lookout for consolidation vectors.
As @superwuster made clear in The Master Switch, there will always be a pendulum swinging between centralization and decentralization in information networks.
As @superwuster made clear in The Master Switch, there will always be a pendulum swinging between centralization and decentralization in information networks.
A notable deviation from the past:
Since a #cryptoasset’s value accrual will not be strictly profit driven like equity, if information networks are capitalized using cryptoassets as opposed to equities there’s less of an extractive incentive (& thereby less drive to consolidate)
Since a #cryptoasset’s value accrual will not be strictly profit driven like equity, if information networks are capitalized using cryptoassets as opposed to equities there’s less of an extractive incentive (& thereby less drive to consolidate)
