ETH, The World’s Most Valuable Asset
The link for the PDF version can be found here, which is much easier to read: https://www.docdroid.net/ketTVJv/bizantine-eth-the-world-s-most-valuable-asset-pdf
Competition paints the world around us, at every level, from who can get to Mars first to who sold the most dental insurance last month. Ironically, the best way to win in a hyper-competitive world is to own a monopoly, to avoid any competition at all. How do you make a monopoly? The first step is to offer a product that is significantly better than the status quo. To create something that people love. The second step is to scale that product in such a way that the monopoly persists despite free markets allowing competitors to enter and ruthlessly compete [1]. To maintain a monopoly that will persist as long as possible [2].
ETH has developed two distinct monopolies, both fueled by moats that have individually created the most valuable equity and monetary assets [3]. These two monopolies, Ethereum the technology and Ether the money, will cause ETH to become the most valuable asset in human history.
Ethereum the Technology
Step 1: Make a product significantly better than the status quo.
Every digital middleman, from Wells Fargo to Amazon to Facebook, is a database of inventory with a bunch of algorithms to help manage that inventory. The assets that compose each middleman’s inventory inherently depends on that middleman’s product…