Ethereum Is Going To Eat Silicon Valley Alive. Here’s Why

6 min. read Submitted 26/02/2018 Last Edited 19/02/2021 #writing #crypto

Many of the current dominators of technological business perform the same task. They serve as a trusted third party in a marketplace of providers and consumers. The trusted company enforces rules in the community, like how Facebook bans accounts that act outside the terms of service. Usually the same company that enforces the rules owns the service. They act as a trusted arbiter for disputes within the market. Usually, to help everything run smoothly, they provide a reputation system for both consumer and producer that enforces a level of good behaviour.

We can see at a glance how many Silicon Valley heavy-hitters act this way:

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