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In the early days of the internet, companies like Microsoft and Lotus Notes invested in corporation-controlled private messaging applications instead of using t
by deweller 8y ago
In the early days of the internet, companies like Microsoft and Lotus Notes invested in corporation-controlled private messaging applications instead of using things like email and the world wide web. But in the end the benefits of open standards and interoperability made public networks more useful than a walled garden.
JPM thinks a centrally controlled digital currency is better than a public currency. Of course there are benefits to JPM in controlling this currency.
The interesting thing to watch is whether public and interoperable digital currencies prove to be more valuable and useful than a centrally-controlled one.
- herval 8y agoAt least on messaging, we mostly swung back to private protocols and centralization (Whatsapp, Slack, Messenger, etc) - maybe email is the big exception and walled gardens always somehow “win”...
- thinkmassive 8y agoIt will be interesting to see how Matrix evolves as next generation federated chat.
- basch 8y ago>But in the end the benefits of open standards and interoperability made public networks more useful than a walled garden. The world has swung the other way. If I want restaurant reviews, I need yelp/tripadvisor/googlemaps/facebook to access each database of reviews. To order a delivery meal I need ubereats/doordash/grubhub/postmates/amazon. To compare taxi prices, I need to open uber and lyft, and to rent a scooter I need a new app in each city. To send a message I need fbmessenger/whatsapp/skype/hangouts. Even Match Group keeps its subsidiaries as silos, instead of allowing interop. It probably actually INCREASES peoples desire to hop around the different products, knowing they dont work together. If gmail and outlook didnt work, id be more likely to have both. Open standards and interoperability made public networks more useful, but now that the networks are in place, and access is ubiquitous, walled gardens can spring up and dominate MUCH faster than distributed protocols.
- rayvy 8y ago> Open standards and interoperability made public networks more useful, but now that the networks are in place, and access is ubiquitous, walled gardens can spring up and dominate MUCH faster than distributed protocols. And personally, how do you suggest distributed protocols work to keep up with their centralized alternatives? Obviously one could build a walled garden (UI, API, Database) much quicker than its decentralized alternative.
- basch 8y agoI dont. Consensus and standards take some time to develop. It's about an attitude, where companies willingly allow 3rd party clients to access their data, or allowing services to interop. The quickest to market car isnt always the best or safest product. Consumer safety laws even the playing field a bit. Im not advocating regulation, but it is one way to achieve more parity between products.
- gricardo99 8y agoGiven the regulatory environment they operate in, they would have a very hard time, and expose themselves to huge risks adopting something they couldn’t control.
- zik 8y agoIt's an interesting move considering that cryptocurrencies were invented by guys specifically to put control of finances back in the hands of individuals and away from companies like JP Morgan.
- r32a_ 8y agoThis does not compete with Bitcoin though, Bitcoin is decentralized and this is centralized. This competes with likes of Ripple and Swift