kaal:claim:3406323-008

Every time decentralization emerges in a given industry, profit margins disappear, as demonstrated by Skype in telecommunications and by Napster and Emule in the music industry.

Historical evidence has demonstrated that every time decentralization emerges in a given industry, profit margins disappear.

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019), III. Transcending Capitalism and Socialism, p. 7
https://ssrn.com/abstract=3406323 · source PDF

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323

• industries entered by decentralized systems
• historical examples predating decentralized blockchain technology

empiricalsupport: evidencedinnovationdecentralizationeconomics

• restated_by kaal:claim:3411897-038 Historical evidence demonstrates that every time decentralization emerges in a given industry, profit margins ...

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