A note from Daniel

Because protocol networks have no central intermediary, they don't charge "take rates," or fees on money that flows through the network. Moreover, the structure of protocol networks provides strong assurances they'll never charge take rates. This encourages innovation on top. If you are building something on top of email or the web, you know you can invest time and money, because you know that whatever you build, you will own and control. Larry Page and Sergey Brin, Jeff Bezos, Mark Zuckerberg, and countless other internet entrepreneurs were inspired by this promise.

Daniel Read Write Own, page 18 · February 27, 2024 Save to shelf
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