Saturday, March 6, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Monopoly Money: Framing Bitcoin as the last-mover in blockchain – CoinGeek

3 weeks ago
in Technical
3 min read
Monopoly Money: Framing Bitcoin as the last-mover in blockchain – CoinGeek
Share on FacebookShare on Twitter


This post originally appeared on Medium, and we republished with permission from its author Jack Davies.

Competition is for losers. At least that’s the thesis given by Peter Thiel in a particularly eye-opening guest lecture he gave at Stanford University a few years ago. In a little over forty minutes, Thiel paints the landscape of modern industry and commerce as one with a striking dichotomy at is heart: the opposing forces of competition and monopoly.

When most of us think about business in the 21st century, there is a tendency to conjure a scenario of fierce competition in our minds. Enterprises that live and die by the sword of the global markets, in a fervent and ceaseless struggle to win the hard-earned cash of the man on the street. Each new startup enters the fray of battle for a slice of the global economy, battling fiercely to gain market share in increasingly congested sectors, jockeying for a sustainable position amongst a sea of competitors. At least, this is the mental image I usually create when pondering the global marketplace today.

Thiel, on the other hand, offers a reframing of this understanding. Instead, the chief goal of companies, now more than ever, is not to merely compete with its peers, but to blow them out of the water entirely. He argues that the truly successful businesses of the World today are those that are able to create so much value, and capture so much profit, that they gain a ‘last mover advantage’ in their domain.

These are companies akin to Apple, Google, and Tesla, which have brought such significant paradigm-shifts that they have changed the very nature of their sectors. There is a reason that the word ‘Google’ has entered our global vocabulary as a replacement for any and all synonyms for ‘search’. These are the monopolies of the world and this, Thiel argues, is the name of the game.

[…] you want to be the last mover, you want to be the last company in a category. Those are the ones that are really valuable.

Whether this is a good thing for global trade, and wider society for that matter, is an open question and one that is receiving increased scrutiny as every day passes. It is undeniable that even the most monopolistic of companies provide consumers with immense value, but the salient question is: at what cost? Most of us will use numerous Google products many times each day for free, as an essential part of daily life. But in the background, our data is harvested by opaque algorithms and sold to the highest bidder. This is a complex issue in and of itself, and not one I seek to resolve here, but it is important to bear in mind nonetheless.

Instead, I want to explore how the principles of monopoly articulated by Thiel may apply to a very different system: Bitcoin.

Foundations of a monopoly

On my first watching of Thiel’s lecture, I was almost immediately struck by the key characteristics he ascribes to monopolies. This was partly due to the insights themselves, which…



Read more:Monopoly Money: Framing Bitcoin as the last-mover in blockchain – CoinGeek

Related articles

DMG Provides Positive Business Outlook, Raises Self-Mining Compute Power Target

DMG Announces Closing of Cdn$70 Million Private Placement Offering with Institutional

March 6, 2021
Bitcoin Elliott Wave Analysis – FXStreet [Video]

Bitcoin Elliott Wave Analysis – FXStreet [Video]

March 5, 2021
Tags: Bitcoinbitcoin news todayBlockchainCoinGeekFraminglastmovermoneyMonopoly

Related Posts

DMG Provides Positive Business Outlook, Raises Self-Mining Compute Power Target

DMG Announces Closing of Cdn$70 Million Private Placement Offering with Institutional

by Bitcoin Market
March 6, 2021
0

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia,...

Bitcoin Elliott Wave Analysis – FXStreet [Video]

Bitcoin Elliott Wave Analysis – FXStreet [Video]

by Bitcoin Market
March 5, 2021
0

Bitcoin  (BTC) & Ethereum (ETH) Technical analysis Elliott Wave. Overview: Bitcoin and Ethereum can be viewed with two wave...

Hard Fork in Cardano Spurs Speculative ADA Buying

Hard Fork in Cardano Spurs Speculative ADA Buying

by Bitcoin Market
March 5, 2021
0

ADA/USD has come off of its late February highs and speculators are likely looking at short-term support levels with...

Bitcoin Optech: Bitcoin Technical Updates Newsletter #138

Bitcoin Optech: Bitcoin Technical Updates Newsletter #138

by Bitcoin Market
March 4, 2021
0

The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin,...

Bitcoin Heading Northbound as BTC ETF Holdings Surge

Bitcoin Heading Northbound as BTC ETF Holdings Surge

by Bitcoin Market
March 3, 2021
0

There has been yet another update I’d like to point out, Square Financial, the owner of the Cash App...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
North America’s first bitcoin ETF launches in Canada today

North America’s first bitcoin ETF launches in Canada today

February 18, 2021
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
Polkadot and staking: New frontiers in blockchain development

Polkadot and staking: New frontiers in blockchain development

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Polkadot and staking: New frontiers in blockchain development

Polkadot and staking: New frontiers in blockchain development

March 6, 2021
The Best Bitcoin IRA Companies for 2021

The Best Bitcoin IRA Companies for 2021

March 6, 2021
HWI And Hardware Wallet Integration In Bitcoin Core

HWI And Hardware Wallet Integration In Bitcoin Core

March 6, 2021
Market Wrap: Bitcoin Stuck Below $50K, and Blockchain Data May Show Why – CoinDesk

Market Wrap: Bitcoin Stuck Below $50K, and Blockchain Data May Show Why – CoinDesk

March 6, 2021

China’s Plan for Digital Yuan Imperils Bitcoin’s Biggest Markets – BNN Bloomberg

March 6, 2021
22% of Goldman Sachs clients expect bitcoin to exceed $100,000 in 12 months

22% of Goldman Sachs clients expect bitcoin to exceed $100,000 in 12 months

March 6, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$48,807.004.08%
  • bitcoin-cashBitcoin Cash(BCH)$497.812.59%
  • binance-coinBinance Coin(BNB)$226.003.32%
  • bitcoin-goldBitcoin Gold(BTG)$27.663.62%
  • bitcoin-privateBitcoin Private(BTCP)$0.3596.63%
  • blocktixBlocktix(TIX)$0.0140.00%