Hacker News

I am pleased that trust busting is back in fashion

Hacker News - Fri, 05/03/2024 - 6:11am

I am very pleased that trust busting is back in fashion

This Baby Boomer was much influenced by Small Is Beautiful: A Study of Economics As If People Mattered, a collection of essays published in 1973 by German-born British economist E. F. Schumacher.

Peter Thiel, who is vastly wealthy, wrote in an otherwise great book (Zero to One) that “competition is for losers”. If you are a tech entrepreneur you probably like competitive markets, as they enable your company to thrive.

Digital economics is different. In the analog age, competition was measured by prices and as long as there was some competition, economies of scale meant a dominant firm could offer good prices.

Digital economics is different in two main ways:

1. The dominant player usually has market share of 90% or more which is really a monopoly - just ask anyone who tried competing. This happens due the power law aka the more people who use a service the more valuable it is.

2. The digital monopoly often makes money by owning your data and attention. The analog firm has to advertise to get your attention.

These two differences explain why trust busting has been in and out of fashion. During most of the time when trust busting was out of fashion, there were few digital monopolies but today is different and as a tech entrepreneur I like competitive markets. That is why I am very pleased that trust busting is back in fashion.

Comments URL: https://news.ycombinator.com/item?id=40246005

Points: 1

# Comments: 1

Categories: Hacker News

Show HN: I'm building an affiliation platform based on blockchain

Hacker News - Fri, 05/03/2024 - 5:22am

Hey HN! My name is Junqueror, and want share with you a project I've been working on the last months.

I am a software developer, I build my own apps, but I have always had problems in the marketing side.

Some time ago I struggled with affiliation marketing.

I thought that blockchain characteristics (transparency, security, reliability, payments) can really help to improve the weaknesses of current affiliation and referral systems: - program restrictions and conditions - unreliable tracking and attribution - hidden actions - commission rates - bad incentives - payment delays - platform commissions - contractual terms - fraudulent activities

So I'm building BreadCrumbs, a decentralized platform dedicated to the promotion of products wand services with crypto rewards and using blockchain as a tracking system

Not only improves deficiencies of affiliate and referral marketing, but also opens it yo anyone in the crypto space.

I would like to hear feedback and know what do you think about it.

- Do you think that blockchain and crypto can add value and improve traditional systems? - Is it interesting for crypto business and crypto users? - Does the "Share To Earn" make sense? Well, it already existed, but improved and moved to crypto

Comments URL: https://news.ycombinator.com/item?id=40245734

Points: 1

# Comments: 1

Categories: Hacker News

Show HN: EchoDuck – This tab is my server

Hacker News - Fri, 05/03/2024 - 5:19am

EchoDuck allows you to create a private Static Web Server instantly from files on your machine.

Comments URL: https://news.ycombinator.com/item?id=40245709

Points: 1

# Comments: 0

Categories: Hacker News

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