[Analysis] Web Vs. Crypto Service Models, Cost Structures And Value Distribution

Joel Monegro from Placeholder compares web vs. crypto service models across two dimensions: the production model (from centralized to decentralized) and the data model (from custodial to non-custodial).

The more decentralized and non-custodial a service, the more distributed its cost structure. This is important because markets tend to allocate value along the line of costs. So the more we decentralize the cost structure of a service, the more broadly we distribute its value.

Read the full piece on Placeholder blog.

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