The Narrow Waist of Innovation

This chapter examines the significance of a 'narrow waist' in technology, illustrating how unopinionated Internet Protocol (IP) fosters long-term network effects and innovation. It contrasts community-driven standards with monopolistic approaches, drawing parallels to successful platforms and discussing the role of cryptocurrency in enhancing market participation. The conversation also addresses the complexities and challenges within blockchain technologies and emphasizes the importance of real-world applications in shaping future standards.