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Network effect that strong seems almost impossible to break. You're right about that. Having a better model doesn't work unless you can convince a critical mas
by dpapathanasiou 19y ago
Network effect that strong seems almost impossible to break.
You're right about that. Having a better model doesn't work unless you can convince a critical mass of people to use your system.
It reminds me of the story of the Arizona Stock Exchange (http://www.businessweek.com/1997/09/b3516129.htm http://www.businessweek.com/1997/09/b3516129.htm), which was (theoretically, anyway) better for trading than the NYSE, but failed because they couldn't convince enough brokerages to leave the NYSE and use AZX instead.