Centralization leads to scale, and scale leads to the Coasian Floor rising.

· Bits and Bobs 5/19/25
  • Centralization leads to scale, and scale leads to the Coasian Floor rising.
    • The entity with access to the data is the one who is allowed to write the code.
    • No one but the aggregator can write the feature, and they aren't incentivized to care below a large scale.
    • So the features aren't built, and also the broader ecosystem also can't build them.
    • This is the tragedy of aggregation.

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