neha 🔲 on X: "have seen some version of this take forever now and it hurts me. selling picks & shovels doesn’t mean they think the gold won’t be valuable. it means they think that gold will be so valuable that intense competition for mining for it leaves no room for price differentiation, only" / X

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To view keyboard shortcuts, press question mark View keyboard shortcuts Home Explore Notifications Chat Grok Bookmarks Communities Premium Profile More Post kristie! @kristiehuang Post See new posts Conversation neha @nehadesaraju have seen some version of this take forever now and it hurts me. selling picks & shovels doesn’t mean they think the gold won’t be valuable. it means they think that gold will be so valuable that intense competition for mining for it leaves no room for price differentiation, only commoditization. single biggest lesson in this business is that you should commoditize your complement. asic companies building bitcoin mining chips means they’re bullish on bitcoin. standard oil put effort in making cars easier to manufacture & cheaper to own because they had a monopoly on oil. microsoft licensed their OS to lots of PC manufacturers because they knew everyone would have a cheap, powerful PC in the future and they would own all the software. demand for a product

have seen some version of this take forever now and it hurts me. selling picks & shovels doesn’t mean they think the gold won’t be valuable. it means they think that gold will be so valuable that intense competition for mining for it leaves no room for price differentiation, only commoditization. single biggest lesson in this business is that you should commoditize your complement. asic companies building bitcoin mining chips means they’re bullish on bitcoin. standard oil put effort in making cars easier to manufacture & cheaper to own because they had a monopoly on oil. microsoft licensed…

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