nt (how would you feel if your fiercest competitor told you to just trust them?). In these situations it is possible to cede power that you have that you don’t want, by making it hard or impossible for yourself to exercise that power in a capricious way. You can do this by committing publicly to principles and sticking to them even when it is …n’t isn’t sufficient (how would you feel if your fiercest competitor told you to just trust them?). In these situations it is possible to cede power that you have that you don’t want, by making it hard or impossible for yourself to exercise that power in a capricious way. You can do this by committing publicly to principles and sticking to them even when it is costly, ac…
…n system is one that has no point of undue power, meaning that it’s effectively fully commoditized. If you provide a service that is complementary to the rest of the open system, it is in your long-term incentive to make sure the ecosystem is as open as possible — including by limiting your own power in some cases. Some of the most successful business models in the world have been providing useful services that a…