Navigate Network Effects to Build Strong Foundations

Creating infrastructure that supports maximum efficiency and privacy is essential, but addressing the network effect challenge poses significant difficulty. The evolution from platforms like MySpace to Facebook illustrates how established networks can dominate. The U.S. dollar exemplifies the strongest network effect in history, making competition more complex. Investing in the right solutions, like Fedi, can be crucial, especially as the dominance of fiat currencies threatens alternatives like Bitcoin. If Bitcoin fails to serve as both a medium of exchange and a store of value, its long-term viability is compromised, reflecting the intricate balance necessary for successful adoption.