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Chris Dixon’s Crypto Claims Are Logically Flimsy | by Liron Shapira | Bloated MVP | Medium

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Chris Dixon recently tweeted this thread about how Web3 represents an opportunity for new projects to successfully compete with existing ones by charging lower “take rates”. In my view, Chris’s thread is a perfect example of what’s wrong with today’s blockchain ecosystem. It demonstrates the kind of flawed reasoning that’s led to an explosion of funding and attention for worthless projects. Let’s take Chris’s tweets one by one. 2/ Jeff Bezos famously said “your margin is my opportunity” referring to the way Amazon took market share by lowering prices and eating into competitor margins. 3/ What Amazon did in commerce is what the internet did more generally. Lowering prices and redistributing value back to users has been the internet’s core economic dynamic since the 90s. 4/ Craigslist did this with classifieds, Google and Facebook did this with media, TripAdvisor and Airbnb did this with travel, and so on. So far, I agree. 5/ Today this trend continues as Web 3 startups begin to eat int

Chris Dixon’s Crypto Claims Are Logically Flimsy Liron Shapira 9 min read · Sep 26, 2021 -- 8 Listen Share Chris Dixon recently tweeted this thread about how Web3 represents an opportunity for new projects to successfully compete with existing ones by charging lower “take rates”. In my view, Chris’s thread is a perfect example of what’s wrong with today’s blockchain ecosystem. It demonstrates the kind of flawed reasoning that’s led to an explosion of funding and attention for worthless projects. Let’s take Chris’s tweets one by one. 2/ Jeff Bezos famously said “your margin is my opportunity” r

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