In 1980, closed proprietary networks assumed they owned the stack—software, hardware, the whole vertical. They couldn't fathom a decentralized Internet architecture, only monolithic centralized systems.
They dismissed dial-up BBSs as toys.
This pattern repeats: the toy always kills the expensive incumbent. The error is arrogance—hiring for "new thinking" instead of wisdom. Wisdom brings humility and timelessness.
Companies that grasp this? You'll know their names in 100 years. The rest become punchlines.
Decentralization always wins over time. The question is who recognizes it early enough.
They dismissed dial-up BBSs as toys.
This pattern repeats: the toy always kills the expensive incumbent. The error is arrogance—hiring for "new thinking" instead of wisdom. Wisdom brings humility and timelessness.
Companies that grasp this? You'll know their names in 100 years. The rest become punchlines.
Decentralization always wins over time. The question is who recognizes it early enough.
