Book is "Who Controls the Internet?: Illusions of a Borderless World" http://a.co/7eEfqer h/t @kate_sills for the recommendation
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It is about impacting the 'transactional cost' in the system. When the 'transactional cost' drops the underlying 'economic order' that facilitates the transaction gets disrupted as well. Economist Olivier Williamson's work articulates these concepts.
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Does this assume the transaction cost is large compared total value changing hands? Eg in money exchange between currencies there is often 2 to 3% TX cost but I do not see that going away will disrupt the underlying exchange. When TX cost is high say buying / selling home, it can
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In this context, Tx is not just about monetary exchange. It is incl of all factors such as friction, risk, price, UX, scaling, competition, etc. We see the stated pattern in nature, economics, politics, business & others. Hence O Williamson won Nobel Prize for this discovery!
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Internet; currently have everything can be impeded/controlled by the "Center" If I follow your train of thought correctly, you want to discuss how decentralization can spontaneously ignite from the last mile AND grow exponentially and hence avoid The Big Central ?
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