Technology companies take products and services and turn them into information networks. As a result, whatever they touch becomes deflationary while they become billion-dollar companies in the process.
For example, Google dematerialised every library and every piece for every book, information, video, and music. Everything that Google, Apple, Facebook or Amazon touched became deflationary. The variable cost of sending a Netflix movie to a million people is the cost of electricity.
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A discussion on inflation, hurdle rates, and the mass adoption of Bitcoin.
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