Smol thots on competitor selection and industry structure for liquid staking in Ethereum
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The below thots emerged following a discussion with hasu, a crypto enthusiast, researcher & investor. He encouraged me to read the relevant chapter of Michael Porter's Competitive Advantage and I synthesized some observations below. The idealized academic microeconomic model for a simple market is one of perfect competition, where firms produce undifferentiated goods and on average earn no economic profits over the long-run. In this structure, many indistinguishable firms enter and exit markets without friction, a Sisyphean dystopia of Darwinian capitalism where no one firm prevails.
Smol thots on competitor selection and industry structure for liquid staking in Ethereum
Smol thots on competitor selection and…
Smol thots on competitor selection and industry structure for liquid staking in Ethereum
The below thots emerged following a discussion with hasu, a crypto enthusiast, researcher & investor. He encouraged me to read the relevant chapter of Michael Porter's Competitive Advantage and I synthesized some observations below. The idealized academic microeconomic model for a simple market is one of perfect competition, where firms produce undifferentiated goods and on average earn no economic profits over the long-run. In this structure, many indistinguishable firms enter and exit markets without friction, a Sisyphean dystopia of Darwinian capitalism where no one firm prevails.