One of the challenges with a hyper capitalist economy is that most content / production on a money forward basis returns to its cost of marginal production, which is zero for ideas (and wind energy and solar energy, etc.).

How do you create a network that operates profitably if there is no defendable “moat?” 

This is why railroads are such a fascinating industry…the value of a single railroad from A-B can capture almost the entire value of the supply chain from A-B … a second railroad alongside A-B renders both almost totally worthless on a go-forward basis.

Technology (compute) has this challenge … expensive to develop upfront and then the profitability is tied to the marginal cost of production on a go forward basis (low). Same with pharmaceuticals, same with commodities, etc.

The Bit Block Boom relay I paid for went down recently … no idea why … 

 💯👏 

 Agree that most tech does asymptote to marginal cost but that doesn’t mean that there aren’t moats. 

My guess is that brand is going to be become the most important driver of business success. In a world starving of attention signal cutting through the noise is all that will matter.