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Permissionless Innovation: Unshackling Potential or Unleashing Chaos?

The Answer Is Transaction Costs

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Permissionless Innovation and its Enemies

This chapter explores the concept of permissionless innovation and the obstacles it faces throughout history. It discusses examples of permissionless innovation being shut down, the impact of the precautionary principle, and the Baptist and bootlegger problem. The chapter also emphasizes the importance of trial and error, learning from failures, and the challenges of intellectual property.

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