Read Write Own: Building the Next Era of the Internet

Facebook has nearly 3 billion monthly active users.8 According to Reed’s law, that means Facebook’s network value is 2 to the 3 billionth power—a number so eye-blisteringly large

On the internet, the marginal costs of distribution are negligible, so power primarily accrues another way: through network effects.

The structure of a network guides how that network will evolve and where wealth and power accumulate.

The internet is probably the most important invention of the twentieth century.

The web was never just supposed to be a one-way publishing system, but the first decade of the web has been dominated by a tool which has been read-only—the web browser,” he wrote.

On the one hand, a corporate network’s complements help grow the network and strengthen its network effect. On the other hand, a corporate network’s complements can siphon away revenue that might otherwise have gone to the network owner.

“first sheet of a volume,”

Moore’s law states that the number of transistors that can fit on chips roughly doubles every two years.

that it would take 3 million pages just to print it.