99 Cent Apps
Blog iconChris Ahn
Feb 16
Starting with the emergence of friend.tech in the fall of last year, I believe we’ve left the “infrastructure phase” of crypto for another “application phase.” This time, I believe we’ve entered the “99 cent app” phase of crypto. By “99 cent apps” I’m referring back to the late 2000s / early 2010s shortly after the launch of Apple’s App Store and Google’s Play Store. During that period, many of us have memories of checking the App / Play Store to see what was new and purchasing apps and widge...

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99 Cent Apps

99 Cent Apps

Economies of Scale

Economies of Scale

Chris Ahn

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Economies of Scale
Blog iconChris Ahn
Aug 2
There are two mechanisms we know of where a business becomes more effective with greater scale. The first is network effects, and the second is economies of scale. A social network is the classic example of a network effect in action. If I am the only person in the network, it is not very useful; if 10 of my friends are in the network, it is more useful; and if all of my current and potential friends are in the network, it is very useful. Network effects are powerful because each incremental ...
Token Variety
Blog iconChris Ahn
Jun 21
With the SEC recently suing Coinbase alleging that almost all tokens are securities, I’m seeing renewed discussion and misconception about what tokens are and what they aren’t. Tokens are a simple digital primitive and can serve a multitude of functions. We’ve seen three dominant uses of tokens to date: gas tokens, governance tokens, and synthetic assets. A gas token is a specific token chosen by a blockchain as the form of payment to process a transaction. ETH is the gas token of Ethereum, a...