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Apple and Facebook, Crypto and VR, Open vs Closed Ecosystems

"Moment of Zen"

00:00

Apple's Open Ecosystem

Apple is able to charge just 30% tax on the App Store because people prefer the good user experience relative to the open ecosystem that is Android, right? Like the average user doesn't care about that stuff. And so I think Apple excels because they get that culturally and then be when you're actually building whole stack and Apple's to this point building its own silicon. So it's like every part of the phone hardware is dialed in all the way down with the silicon. That higher status, higher quality thing is actually something that people are willing to kind of go pay for.

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