Can I crowdsource a few expert tldrs for this? Quick-read twice and feel like I'm still missing key point(s) usv.com/blog/fat-proto
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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
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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 only thing I was able to grok after a single read was the value inversion :), very interesting what that means for the future
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full of false equivalencies. most goods aren't fungible, multiple blockchains can use one protocol,databases do more than blockchains
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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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