There are levels of hierarchy in the network marketplace.
The top levels pioneer. The middle, copies. The bottom, jumps.
When the bottom, jumps, it skips the steps the pioneering networks went through to get there.
The technology becomes cheaper or piracy happens and more & more people plug in.
But this thesis suggests that markets become efficient with time. Which is obviously not true yet, because the rules and norms in which they operate don’t evolve fast enough.
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