becoming table stakes

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substack.com

becoming table stakes

AI summary of the linked article

The article argues that crypto's most useful innovations, like historical business methods that became standard, will spread to other industries because they improve efficiency. It cites Singer's 1850s territorial agency model, later adopted by McDonald's and KFC as franchising, and Ford's moving assembly line, copied and extended by GM in the 1920s, as examples of methods that became table stakes. It names 24/7 crypto trading pushing exchanges toward 24/5 equities trading, and defi's reusable primitives such as AMMs, oracles, and vaults, as crypto practices likely to be exported. It also suggests decentralized training could bring transparency to closed AI models.

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