Nat Eliason — Crazy, Crypto, Confidential (EP.224)
Infinite Loops
Value in Adoption and Network Effect
The value of a single telephone is limited, but it increases when more people have telephones and communication is possible with anyone. The adoption of technologies like crypto is dependent on broader adoption by users. The rapid adoption of the internet was facilitated by niche interests like collectibles, such as Pez dispensers and Beanie Babies, which attracted users to online platforms.
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