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by ethbr1
358 days ago
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> That is the point of decentralized protocols. They prevent a single entity from creating a monopoly over the entire market. Eh, I would phrase it differently -- decentralized protocols ensure that new competition can stand up services. There's nothing about them that inherently prevents monopolies from forming, as this thread discusses re:Gmail. Usually there are enough value adds around the decentralized protocol that a smart first mover can establish a de facto monopoly. |
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