alt Hacker NewsOf course they will. Tokens are valuable, you can always spend a finite budget on specialized tokens or fewer and higher quality tokens, size of user base and engagement gives you a flywheel moat that is difficult for newcomers to compete with. The market is complex and easy to oversimplify.
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bryanlarsen • yesterday at 6:45 PM
It's hard and complex to enter any mature market. The vast majority of firms that attempt to enter a new market fail. LLM's have no more than this normal moat.
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