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it's similar to how if we had to pay a tiny amount for email there'd be very little spam.
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what do you think is missing?
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nothing. I think *I* am missing the point.
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sounds like the network is the product and the apps are all replaceable - like Facebook's graph vs the thousands of apps leveraging it
Thanks. Twitter will use this to make your timeline better. UndoUndo
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I guess if BTC isn't owned then that means no gates/ellison/zuckerberg types neutralizing all new players threatening the megacorp
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the real question is "what's USV's upside in publishing this?" I second-guess VC PR 10x more than regular media
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@usv the only thing I was able to grok after a single read was the value inversion :), very interesting what that means for the futureThanks. Twitter will use this to make your timeline better. UndoUndo
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full of false equivalencies. most goods aren't fungible, multiple blockchains can use one protocol,databases do more than blockchains
Thanks. Twitter will use this to make your timeline better. UndoUndo
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seems to suggest token layer enforces 'commodity apps' - which means no competitive advantage there, but speculative value for tokens.
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I'm no blockchain expert, but the first claim seems suspicious to me. And the inevitable bubble dynamics claim sounds iffy too.
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