The longer-term impact of the cost of transaction (CoT) is misunderstood and underestimated. It’s not just about something being cheaper or more expensive from an individual user’s viewpoint. The CoT is more fundamental in that it is structural. It determines what kind of transactions may happen and what kind may not. It also determines what...
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Merging Digitality and Physicality
Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
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Introduction
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