Are there any resources you'd suggest for someone like me seeing dumb pipes as a concept for the first time?
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google should turn up some hits... common industry jargon
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I like a dissociative/elliptical mashup of industry meme + cultural concern as much as the next guy, but this makes no sense at all.
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Shopify went through a version of this not too long ago when Brietbart used their services to sell merch
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People said the same thing about the internet. If the past is any guide (tv, radio, telephone, internet), the world (sadly) bends toward centralization.
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For sure. I don’t think the lesson here is “now everyone can be their own payment processor!”. It’s that the barrier to entry has been so lowered that new entrants are welcomed and can innovate to create consumer surplus.
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