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Past, Present, Future: From Co-ops to Cryptonetworks

Today, some of the most valuable corporations in the world today are “network operators”. Thanks to network effects, these platforms become more valuable to existing users as each new user joins. Network effects are innocuous at first, but can cause concern at scale if platforms enter an “extractive” phase in their lifecycle. My partner Chris has illustrated the evolution of platforms with network effects — and their relationships to their users — as follows: