Given the outsized dominance of a handful of tech giants and the crypto movement, I repeatedly find people conflating fees and rents. The narrative goes “these corporations are such rent-seekers. All they care about is making money!” Unsurprisingly, I hear this not from regular people. It is always from folks trying to “decentralize” everything and those who have an anti big tech bias.
Rent vs Fees
Rent vs Fees
Rent vs Fees
Given the outsized dominance of a handful of tech giants and the crypto movement, I repeatedly find people conflating fees and rents. The narrative goes “these corporations are such rent-seekers. All they care about is making money!” Unsurprisingly, I hear this not from regular people. It is always from folks trying to “decentralize” everything and those who have an anti big tech bias.