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to give a shout out to or say safe to some one. "hold tight ma boyz reppin norf". #biggup#hol tite#shout out to#respects to#nuff luv to#safe to. by coca cola nicola.
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- Hold Tight, Here Come the Blockchain Wars
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- British singer Liam Bailey spreads positivity with ‘Hold Tight’: Watch – GRUNGECAKE
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Hold Tight, Here Come the Blockchain Wars
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The latter is hardly new, but as time goes on and projects fall short of promises or their competitors this gap increases and projects will need to ramp up their efforts in a kind of public-positioning arms race. Secondly, the natural instinct of this slightly-less-dumb capital is to pick projects with defendable moats.
Monopolies make great returns for their backers.
British singer Liam Bailey spreads positivity with ‘Hold Tight’: Watch – GRUNGECAKE
Duopolies are okay too. But an active market saturated with great teams doing awesome things is just not worth the bother. Large and vaguely strategic investors act as catalysts, unfairly popularising their own bets, sometimes against better alternatives. Consider that Silicon Valley startups are not well known for giving away the engineering secrets to their core products. Ditto Facebook. Ditto Google. Companies share what makes strategic sense to share, but that rarely means sharing the really cool stuff.
The game becomes increasingly zero-sum. This is already happening to some degree in our space with numerous well-funded and research-heavy startups like StarkWare and Dfinity refusing to open up the important bits of their technology. Some are even apparently considering patents. Finally, as the payout from the winning ticket increases and the total winners are fewer, then in a zero-sum game the participants necessarily begin to start looking at each other not as comrades or a valuable resource but as obstacles to victory, to be removed.
When there is no omnipotent force of just oversight, ruthless realpolitik rules. While there is surely some below-the-belt fighting in the corporate world, it is mostly kept in check by national governments and legal systems. The punishments for such activity would be existential. But blockchains are less like corporate entities and more like nation-states. While we are still in the world of Blockchain 2. Such attacks would need to be sponsored and coordinated by a singular major stakeholder, rich enough to fund them and ruthless enough to carry it through.
Chains themselves are unable to use the resources they have at their disposal for lack of effective, decentralised and binding governance. But Blockchain 3.