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I think Uber will fail, as will all other businesses that profit from bottling up the network effects of information. Uber is so valuable because they control
by natrius 11y ago
I think Uber will fail, as will all other businesses that profit from bottling up the network effects of information.
Uber is so valuable because they control the network with the most riders and drivers. Their app isn't special. Their network is.
Decentralization shifts the profits of information network effects from companies to the public where they belong. We now have the technology to build decentralized application protocols that don't require a middleman to connect people for a fee. Instead, multiple companies will use the same network and compete to provide the best experiences. The profits to be had from facilitating networks will drop drastically when anyone can compete on a network no one controls.
Billions of dollars disagree with me, but I think those dollars don't see what's coming. Blockchains have kicked off a decentralization renaissance, and it's coming for everyone.