Chris Dixon pfp
Chris Dixon
@cdixon.eth
“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
Chris Dixon
@cdixon.eth
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 🎩🏳️‍🌈🫂 pfp
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
Funs
@funs
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🎩🙃 pfp
bigbully🎩🙃
@big-bully.eth
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
Yatendra
@yatendra
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
BRG
@brg
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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