No longer can the strategy be to build network effects and then monetize the monopoly power. Now, businesses will need to make revenues as a function of the value they provide to a user. If they create value for a user, they will be able to capture a small portion of that value in the form of revenue. If they try to take too much, people will switch to another app. If they don’t provide enough value to a person, that person will simply switch.

Today we announce the first investment by ego death capital, in Fedi Inc., a technology company developing the Fedi mobile app powered by Fedimint, a unique community custody protocol designed to rapidly bring #Bitcoin to billions.

As many of you reading this know, I have been an advocate for Bitcoin for many years. After extensive investigation into Bitcoin from a first principles perspective, I believe it is the only solution for a foundation of a new economic and financial system that is equitable, inclusive and stable.