Tekelala

Third, NFTs can include what are called smart contracts, or coded elements that can automatically take actions under certain conditions. The concept is of an automated and self-enforcing set of rules that can’t be ignored or skipped.

The Supplier Differentiation SpectrumConsider the six companies I mentioned above: Facebook, Google, Amazon, Netflix, Apple, and Microsoft.The degree of differentiation of tech company suppliers variesThese companies exist on a spectrum in terms of supplier differentiation (and, by extension, supplier power):Facebook has commoditized suppliers more... See more

I like to say that I write about media generally and journalism specifically because the industry is a canary in the coal mine when it comes to the impact of the Internet: text shifted from newsprint to the web seamlessly, completely upending the industry’s business model along the way.Of course I have a vested interest in this shift: for better or... See more

Every additional customer accrued a cost, whether that be the marginal cost of serving them or the opportunity cost of not serving a different customer. Given that, it was, as Christensen noted, perfectly rational to focus on the most profitable ones.However, something else momentous happened around 20 years ago: the emergence of the Internet. As... See more

Crashes aren’t only painful because of price declines, although it’s never fun to see your account balances slashed relentlessly, day after day. Crashes are also painful because belief drains from the market as quickly as cash does. And those who never believed in the first place rush in to fill the void with a chorus of schadenfreude-laced I told... See more