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Is There a Moat in Web Two?
I feel like there will definitely be lots of moats. There's hyper positive fubex loops all over the place that create power in various, you know, sort of networks. But yet, i think it's going tobe a very power rich universe with lots of primitives or whatever. I'm so bundling together the protocl and the product closely. These are all kind of forms of defensibility, but not necessarily to the same extent as having proprietary data inside of a closed data base.