I wrote about the bitcoin infrastructure flywheel several years ago. The premise was simple: investing in bitcoin infrastructure improves the network and makes it more valuable, which in turn creates increased demand and more users, thereby driving further investment and infrastructure buildout as the cycle continues. That is, investing in bitcoin technology drives network effects to the industry.
There’s something about this flywheel technology that resonates with me and my concept for a new incentive structure for businesses. It also works off the idea that as usage grows, the network grows, as the network grows its value grows, as the value grows the usage grows…. Over and over and over again. So long as value is added it feeds itself. Great article - I sure wish I was smart enough to write code :)
There’s something about this flywheel technology that resonates with me and my concept for a new incentive structure for businesses. It also works off the idea that as usage grows, the network grows, as the network grows its value grows, as the value grows the usage grows…. Over and over and over again. So long as value is added it feeds itself. Great article - I sure wish I was smart enough to write code :)