Minimally Extractive Meta
"Age of Miracles"
00:00
Decentralized Protocols Aren't Businesses - They're Not Businesses
The less extractive a protocol is in coordinating exchange, the more that form of exchange will happen. For decentralized protocols, which are open source, by to falt, the threat of being forked, serves as an incentive to treat both the supply and demand side well. As coordinators of exchange, protocols should be minimumly extractiv whereas businesses are incentivies to be maximumly extractive. And a business is valued as a multiple of its profit. Protocols can still charge fees. They shouldn't lose money. See bitcoinitherium, uni, swamp and on and on. But if they charge fees that are too high, they'll lose.
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