2. National currencies will face digital monetary competition: We are about to enter an age of global monetary competition, where national currencies must earn their place in someone’s wallet portfolio every hour of every day, even among citizens of their own countries. The digital version of the Japanese yen will be plunged into head-to-head globa... See more
In the value-based scenario, scale is not nearly as important as in fee for service. While it still helps in some ways (e.g. for investing in tech platforms), it’s no longer the primary basis of competition. So in shifting to a value-based arrangement, much of the incumbents’ advantage is reduced.
Start with the least price sensitive customers → use them to improve accuracy and lower costs → attract slightly more price sensitive customers → use them to improve accuracy and lower costs → launch new markets with least price sensitive customers → rinse, wash, repeat
If they become nations, that means the in-game currency (like SLP in Axie) would be able to be used outside of the game to pay for rent, groceries, and other real world expenses, without the need for a currency exchange.While the latter option may sound far-fetched, we’re already seeing our own scholars utilize SLP in their local regions for real w... See more