In particular, if it were possible for capital to be allocated effectively without the trust and authority of large centralized capital providers (“Wall Street” so to speak), that would be a foundational advance. In that regard, what I’d be looking for is evidence of capital allocation via cryptocurrencies toward productive investment in the operat... See more
TikTok is a good reminder for the generational turnover of social products. While most social networks have not proven to be durable over time (Friendster, MySpace, Orkut, ....) the ones that take over generational shifts or new content types and formats have become massive companies.