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Wednesday, December 01, 2004
Dot Com 2.0/Social Capital Machines
Pitchfork Media gets deconstructed as arbiter of cool. What this bit misses is that while slashed transaction costs to consuming digital media create huge cool economies (ie, it's easy to become an arbiter of cool, since everyone can make their voice heard), the flipside is that the half-life of arbiters of cool must exponentially drop, since, concomitantly, the price of cool has become relatively cheaper. Put another way, there are no barriers to entry for the next Pitchfork.
The trick is to create them - my advice here is to exploit time compression diseconomies into markets for complements; ie, build up a massive learning advantage and leverage it to expand horizontally. Uhh...end geek out.
Comments:
"The trick is to create them - my advice here is to exploit time compression diseconomies into markets for complements; ie, build up a massive learning advantage and leverage it to expand horizontally." Ummmm....so, like, what'd this be in English, dude? :)
that was some serious verbiage/jargon/what the hell did you say? going on.
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