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Anybody can create a new Facebook or Amazon at any time. Yet somehow it doesn't happen, why? Network effect. Same with Bitcoin.
by dmichulke 6y ago
Anybody can create a new Facebook or Amazon at any time. Yet somehow it doesn't happen, why?
Network effect. Same with Bitcoin.
- thisisnotclear 6y agoOver a long enough timeline Facebook and Amazon will also reach very low valuations.