Token networks remove this friction by aligning network participants to work together toward a common goal— the growth of the network and the appreciation of the token. This alignment is one of the main reasons Bitcoin continues to defy skeptics and flourish, even whi…
Business models which operate on artificial scarcity simply cannot exist alongside a reality of public blockchains. Even if a group did attempt to deploy a for-profit protocol on a public blockchain, the code by default is opensource and thus it’s trivial to copy the code, lower the fee and then redeploy.