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Better Than Free
Economics has historically focused on "goods" in the form of physical objects: production of food, manufacturing of widgets, buying and selling houses, and the like. Physical objects have some particular properties: they can be transferred, destroyed, bought and sold, but not copied... But on the internet, very different rules apply. Copying is che... See more
Vitalik Buterin • Endnotes on 2020: Crypto and Beyond
A universal law of economics says the moment something becomes free and ubiquitous, its position in the economic equation suddenly inverts. When nighttime electrical lighting was new and scarce, it was the poor who burned common candles. Later, when electricity became easily accessible and practically free, our preference flipped and candles at din
... See moreKevin Kelly • The Inevitable: Understanding the 12 Technological Forces That Will Shape Our Future
Anti-rivalrous – those set of things in which, if I have it, you can also get a completely functional copy of it without me losing it + the more people that have it, the more valuable it becomes.
Jordan Hall • The Rivalrous and the Anti-Rivalrous | Deep Code Experiment: Episode 2
Instead of money, the peer producers who create these products and services gain credit, status, reputation, enjoyment, satisfaction, and experience.