Many early DTC companies that got big quickly contracted out the manufacturing of the physical products they were branding and selling. But that didn’t serve them well in the long run.
That’s because there is a major difference between open source code libraries, which can be easily copied, and networks that form around running open source code as a service. An open source library is an empty blueprint. It’s dead code, until it’s run as an instance and is filled with data, users or both, forming a network or service.
Since at least the Great Depression, we’ve been hearing warnings that automation was or was about to be throwing millions out of work—Keynes at the time coined the term “technological unemployment,” and many assumed the mass unemployment of the 1930s was just a sign of things to come—and while this might make it seem such claims have always been so... See more
Token appreciation within the bull market was mistaken for an indicator of business model strength. In a neutral market with all else held equal, perhaps I would concur. But once the tides turned and the music stopped, reality set in. Incentive based tokens deflated quickly and users left in flocks, illustrating the obvious – tokens are not paralle... See more