A note from Daniel

Your Take Rate Is My Opportunity: Blockchain networks disrupt rent-seeking intermediaries, allowing them to take market share from extortionary corporations by lowering prices. Networks with a greater ability to lock in consumers have more pricing power. More pricing power translates into higher take rates. The higher the take rate of an incumbent network, the more opportunity there is for disruption.

Daniel Read Write Own, page 118 · March 6, 2024 Save to shelf
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