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The Hidden Costs of Initial Coin Offerings

Harvard Business Review

Those benefits fall into three categories: To jumpstart network effects that provide a first-mover advantage: Many of the projects being built using blockchain technology are “protocols” that govern the interactions between users in a decentralized autonomous network.

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Why We Shouldn’t Worry About the Declining Number of Public Companies

Harvard Business Review

Such acquisitions become more lucrative with rising first-mover advantages, pace of technological development, and network externality. The aggregate market capitalization of listed companies keeps increasing , unemployment remains manageable, and U.S. retains its leadership in technological progress.

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