3 ms·
> we would probably still be using AOL, Yahoo and Excite to search the web. There is always a pay-to-play system, the only difference is what we pay with. The
by usrbinbash 5y ago
> we would probably still be using AOL, Yahoo and Excite to search the web.
There is always a pay-to-play system, the only difference is what we pay with. The early internet harvested money directly, the current one our personal data, and an blorkchain based system again harvests money directly from people buying virtual tokens.
There is no such thing as a free lunch in business.
> the underlying information is accessible
The underlying information is a ledger of who has which non-fungible, or how much of fungible tokens. The actual information and value that keeps a business afloat; code, knowledge, connections, servers, contracts, machines, employees, finances, is not on the blorkchain.
Sure, in theory, someone else could build a competing business on top of the available information. In practice, displacing an already existing business is next to impossible unless the competitor offers features the competitor doesn't. This is true even if the competitor has vast financial resources; just ask Google how well google+ went.
- skinnymuch 5y agoYour final point is true however having vast financial resources is an advantage when your competitor doesn’t have that. Which wasn’t the case for Facebook. Sure Google had a lot more money back then. But Facebook still had billions. I still agree with the point though of course.