Galen
@galen
This transformation achieves something economists thought impossible: trust with near zero marginal cost. Adding another user to Ethereum's trust network costs nothing. Processing the billionth transaction costs the same as the first. Securing a trillion dollars requires the same infrastructure as securing a million. Conventional trust systems scale linearly: more activity means more judges, auditors, compliance officers, and police. Ethereum, by contrast, scales through a self-reinforcing network effect: each additional participant adds economic value, that value funds stronger security, and stronger security attracts the next wave of participants.
0 reply
0 recast
1 reaction