Chris Dixon on Warpcast

Chris Dixon pfp

“Death of the middle'' is a useful framework for predicting how new technologies will affect markets. The classic example is retail, once dominated by department stores like Sears and Kmart, until the internet drove consumers to two extremes: high-status premium brands and hyperscale internet retailers.

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Chris Dixon pfp

It’s no coincidence that the financial winners that emerged from this transition were LVMH, a roll up of high-status brands, and Amazon, the leader of tech-enabled logistics and efficiency.

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Monist 🎩🏳️‍🌈🫂

@monistmusic.eth

So.. I've heard a few references to Ethereum as the "middle" between BTC (value store/currency) and Solana (fast execution), and I'm obviously wildly simplifying. But I'm curious if the same principal applies there? Though I know some of the goals for this year aim to bridge it into the fast execution environment.

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Funs pfp

It feels like AI will cause an exact same response in many industries simultaneously. Either high quality, human made (which will probably become special and expensive) for niche or mass produced but efficient, cost effective etc.

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bigbully🎩🙃

I hear you, understand the framework, but how do you explain Walmart in your retail example? I would argue that consumers go to hyper efficient/scale channels on one end, internet or not. Even though the internet forced the shift.

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Yatendra pfp

This makes a lot of sense, incase of movies, 10 years from now either there are going to be ultra premium hq movie experiences or cost n time efficient ai generated short/long films.

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BRG pfp

That feeling when you’re writing an essay, hit publish and see that Chris Dixon just explained it much better with a few casts 😂

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Andrew Stanco pfp

I believe Tyler Cowen had a term for this (and wrote a book about it almost a decade ago). Average is Over. Also I’m enjoying RWO so far.

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Matt pfp

Rare case where I disagree here. I think many such cases of death by 1000 cuts, bundling/unbundling, or blue ocean swallows red ocean for any product trying to do too much on any extreme. Think Netflix and YT. They grew from blue ocean from the middle, killed cable from either side (+ social), and now rebundle it

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GlamPlastX pfp

Holy shit. That makes a lot of sense

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CryptoRick pfp

The name of the game is to leave nothing on the table. Generally speaking; if there is a middleman of sorts making money between the producer and the consumer, one of the two is leaving money on the table. Either the producer is not realizing their entire value, or the consumer is overpaying due to markup.

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Rencrypta with shadow ban 🔵

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