People will build businesses on exploiting your protocol's bad game theoretics if you let them! A strong Kazaa "participation level" meant faster downloads. Clients self-reported participation level. The K++ client spoofed max participation so users got better download speeds.
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The fat protocol layer fundamentally restricts what thin apps can provide. Multiple companies building on the app layer experiment with different product visions in parallel. Their learnings can be fed back into protocol improvements.
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The split between fat protocols and thin apps starts as a weakness and becomes a strength. Until a compelling enough app is built, it is a three legged race to coordinate protocol and app changes. After this MVP is found, you see rapid experimentation and competition
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If you enjoyed this thread, my blog post on the topic goes into way more depth: https://medium.com/@jbackus/fat-protocols-arent-new-42d2c538db41 …
I'll share more on p2p parallels for tokenization, decentralization, scaling, and legality in the future. Stay tuned!Show this thread
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Whole thread is a valuable read
