Koppelman: Decentralized platforms prevent monopolies from arbitrarily increasing fees
Martin Koppelman · 768: In Mature Crypto Market, Who Gets Rich? · Aug 31, 2017 · at 19:57
Martin Koppelman, co-founder of Gnosis, explains how decentralized protocols differ from centralized platforms like Uber even when a single protocol achieves market dominance.
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“With a decentralized platform. You can structure it in a way that you restrict yourself. So you create this platform and you put in a fee. So you put in a, whatever some fee, but you don't have the control over changing that fee. So if you then later you are the monopoly and you are the big one, then you cannot, I mean, you still collect this fee, but you don't have a hundred percent control about it and can then just extract random.”
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