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His comments primarily address technological advancement, which are not necessarily the same as replacement of or even reliance on centralized systems. Platfor
by digitcatphd 5y ago
His comments primarily address technological advancement, which are not necessarily the same as replacement of or even reliance on centralized systems.
Platforms like OpenSea have a network effect and the marginal value of fully decentralized NFT trading or even the technical support (E.g. YouTube tutorials) of Metamask, for instance, does not outweigh the advantage for most users.
Moreover, it's in the best interest of these centralized platforms to remain centralized as it creates user stickiness.
- arnvald 5y ago> Platforms like OpenSea have a network effect Exactly. Sellers will go wherever they can find the highest bidders. Buyers will go wherever they can find the best products. Eventually 1-2 winners + a few niche players will emerge and 99.9% of users will forget it was supposed to be decentralized