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The recent tumble of $BSV shows the importance of application interfaces as distributors in cryptoland.
While application interfaces operating atop open protocols can’t directly censor an underlying protocol, they can strangle distribution and therefore users.
While application interfaces operating atop open protocols can’t directly censor an underlying protocol, they can strangle distribution and therefore users.
Note, however, if demand remains for the underlying protocol, an opportunistic interface may add support or stick around to service the #cryptoasset’s userbase.
It will have less competition from other interfaces given many have left the field, and therefore a greater incentive.
It will have less competition from other interfaces given many have left the field, and therefore a greater incentive.
The application interfaces as “distributors” that don’t have monopoly access to the underlying resource (very different from Web 2.0 things like $FB) is going to be a fascinating landscape to watch unfold.
The suppliers and consumers should win as the distributors duke it out.
The suppliers and consumers should win as the distributors duke it out.
