Next:
Related:
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- Bearstone on current payment rails (e.g., Visa and Mastercard): “The structure creates a coalition of interests so deeply aligned that no single actor has the incentive to blow it up. Network effects lock in the incumbents. The card networks created a template for how to build a profitable rails business. Establish network effects so strong that both sides of the market become dependent on you. Lock in critical mass on both sides before anyone can build an alternative. Set fees that seem small individually—just a couple percent—but compound massively at scale when applied to trillions in annual volume. Structure governance so that all participants benefit from higher fees rather than competing them down. Make the toll invisible to end consumers so political pressure stays low.”
- Luckily, we can multiply ourselves via digitization. And the pie is positive-sum because we can create knowledge—the technologist will assume the role of investors more in the age of blockchain networks.challenge
- What if this is what constitutes a moat? What does that say about Buffett—was he corporate network investor? More specifically, how would investors in the age of blockchain networks play their hands?
- Bearstone on current payment rails (e.g., Visa and Mastercard): “The structure creates a coalition of interests so deeply aligned that no single actor has the incentive to blow it up. Network effects lock in the incumbents. The card networks created a template for how to build a profitable rails business. Establish network effects so strong that both sides of the market become dependent on you. Lock in critical mass on both sides before anyone can build an alternative. Set fees that seem small individually—just a couple percent—but compound massively at scale when applied to trillions in annual volume. Structure governance so that all participants benefit from higher fees rather than competing them down. Make the toll invisible to end consumers so political pressure stays low.”
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8-2d3 You can vote with ballot, wallet, or foot (physical & digital)
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That most likely you have to have high resolution (both in the sense of determined and the clarity of mind) to find the community means less likely to leave easily: