It doesn't, exchange data is heavily manipulated in order to game certain resources like coinmarketcap, coingecko etc. I would agree tether is more but nowhere close to as described. Dividing by a factor of 10 wouldn't even be enough imo.
Direct-to-consumer businesses have taken off due to the internet. It’s never been easier to start a sock company or glasses company etc. Historically you had to get in to the big box retailers to sell anything non-local but the internet has flipped that on its head. Even big platforms like eBay and Shopify (and even Amazon) are offering small businesses and individuals way more opportunities to sell than they would have had pre-internet.
Furthermore in a direct to consumer world, incumbency matters way less. People had fewer options pre-internet (whatever was at their local store) and now brands largely compete on quality (reviews/ratings) rather than pure placement and marketing.
And yet all your local retailers are closing down while Amazon gets bigger every year.
It applies basically everywhere. while you're correct that its easy to get started on Amazon, it's just as easy to get marginalized there. There a tons of reports from sellers which got ruined by Amazon undercutting them after they've pioneered the market for example.
The internet enables centralization like never before as everyone all over the world uses the same services just like they're following the same people for entertainment.
The newer people who joined the internet late are on a handful of sites they see as safe. They came from the mobile phone era and they include grandma and your ex-school teacher. The people who were here before joined them because that's where the action was happening.
Google decided to go with the masses and dumb down the results to only a handful.
Offtopic: The only day I tried a specific search with quotes in duckduckgo and google. Only duckduckgo had it. Makes me wonder what I've been missing using google.
I mean I feel like "need" is a bad choice, when the point is that it can be a lot better. I didn't need Venmo to send money to friends, but it is quite clearly better than pre-existing options. Also there are plenty of shitty banks out there with their own insular network and plenty of money they are working with. What options do you have in the Middle East per say?
A lot of judgement on a semantic that is generally accepted to be the exact opposite of what you are declaring.
First given the context of the root of the word "cide", patricide, regicide, matricide, a majority of people still believe that the word predicates physical/biological harm in the form of death. If you want to expand the definition, fine but it isn't truth or the majority. If anything you should find a better word.
It was created by the UN which represents just about every country on earth, and which 150 countries have signed. And it dates back to 1949, so even if it was an expansion then, it is by no means one now, nearly a century later.
Hash rate is 90+m terahash and increasing, good luck R&Ding the chips and obtaining enough to achieve. Retail pricing is around 3k per 50 TH/s, and that is just for hardware.
Sure, naked shorts are bounded, but a naked short is not the only way to profit from the decline of an asset.
And really, if you’re talking about limiting cases, you’re bounded by what your counterparties are good for, and by what your relevant regulators will let you get away with (or, depending on who your counterparties are, how far you can go before you end up in a ditch somewhere)
https://mtlynch.io/status-updates-to-nobody/