> For if there are no rules being broken it becomes tempting to ask why a decentralized architecture is the best tool for the job.
> you can indeed build and release a system such that when ‘the man’ comes over to compel you to stop whatever it is that you’ve done that annoys him, you can actually say “no, sorry, it can’t be done”. But you cannot then turn around and easily make changes and updates to that system. Coordination costs are high and the timeframe to get things done is extremely long.
> if the objective of the game was to secure billion dollar exits and huge returns on capital invested, then every one of them [VC-backed companies] failed.
> For if there are no rules being broken it becomes tempting to ask why a decentralized architecture is the best tool for the job.
> you can indeed build and release a system such that when ‘the man’ comes over to compel you to stop whatever it is that you’ve done that annoys him, you can actually say “no, sorry, it can’t be done”. But you cannot then turn around and easily make changes and updates to that system. Coordination costs are high and the timeframe to get things done is extremely long.
> if the objective of the game was to secure billion dollar exits and huge returns on capital invested, then every one of them [VC-backed companies] failed.
Overall great series of posts.