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This is a general problem with decentralized alternative platforms. There is no way for the creator to really profit massively out of their project. But there
by lumberjack 9y ago
This is a general problem with decentralized alternative platforms. There is no way for the creator to really profit massively out of their project.
But there could still be economic incentives. For example, if GNU Taler succeeds as a payment system and manages to replace Visa, that could mean less fees for both customers and merchants which would be incentive enough for the merchants and customers to adopt the system.
Basically you cannot think in terms of traditional business models. You need to think of it as a free software project that might potentially be a massive cost saving for enough people to adopt it.
- philipodonnell 9y agoI think its quite rare for a product to find widespread adoption because it reduces costs for the users unless a portion of the reduced cost can be captured by the entity building the product. The way this reads now, the only products built on blockchains will be industry consortiums trying to "cut out the middlemen", which they will then use to limit competition by excluding new entrants.
- deleted 9y ago[deleted]