The #1 Thing Trump Should Do To Bolster The Crypto Industry

The Trump bump has been epic for crypto. But I don’t believe that the industry’s biggest problem is regulations. Not by a long shot.

On January 2, 2017, I published “FAMGA (Facebook, Apple, Microsoft, Google, Amazon) Is Eating The World”, where I highlighted the increasing market share of market cap of five companies, Facebook, Apple, Microsoft, Google, and Amazon (“FAMGA”). I wrote that it was great for the shareholders of those companies, and horrific for the rest of humanity, as data became the new oil, it would become increasingly difficult to compete against those monopolies. I wrote that I saw nothing on the horizon to thwart the inexorable march of FAMGA. The only hoip I had was that nothing is constant but change. Six months later I saw “the crypto light”.

Inn the ~8 years since my first post, I’ve written about FAMGA again and again and again. Most recently, I added Nvidia to the dominant monopolies, and now refer to the six dominant companies as “FAMGAN”. Those tech behemoths have accounted for more than 70% of all tech market created in the last 10 years, and currently account for more than 60% of all market cap of the NASDAQ 100:

Now, with the rise of AI, FAMGAN is poised to accelerate it’s dominance:

Our Current Antitrust Laws Are Woefully Inadequate

The major legislation passed to throttle monopolies was The Sherman Antitrust Act, passed in 1890, as the Industrial Revolution was gaining steam, driving the emergence of big business in America. The law attempts to prevent the artificial raising of prices by restriction of trade or supply, aka, price gouging.

In 1911, the court declared Standard Oil a monopoly and ordered its breakup. That’s how they got AT&T. But when you give away your products like Google and Facebook, its difficult to argue price gouging. Or when you cahrge less than your compeitors like Amazon, its hard to argue price gouging. When app store prices are set by the app developers, and your just taking a cut, it’s hard to argue price gouging. And even when the govt has marshaled its antitrust resources, as it did against Microsoft starting in 1990, the final result, a 2004 settlement, had little impact on Microsoft’s operations. in fact, the notable antitrust law professor Andrew Chin, wrote that the settlement gave Microsoft “a special antitrust immunity to license Windows and other ‘platform software’ under contractual terms that destroy freedom of competition.”

We’re In A Fucking War For The Soul Of The Metaverse With FAMGAN

I’ve written over 400 crypto blogposts. My 3rd most read post, written in Sept. 2018, is “The Coming Epic Battle Between Crypto & FAMGA.” Today, that fight is for the soul of the metaverse, powered by AI and crypto. Who will own identity? Where will the immense value being created flow?

It feel epically like Star Wars. FAMGAN is the Death Star, and the crypto community is the Alliance. Unfortunately, I think most of the time, the Death Star Wins.

Trump Should Modernize Antitrust Laws Empowering The DOJ To Actually Break Up Monopolies

Obviously, the first step the Trump administration needs to take is to create a thoughtful regulatory framework for crypto, such that U.S. companies can compete. But if the industry is competing against ever more powerful entrenched monopolies, competing will be very challenging. So Trump needs to solve for this if we’re going to optimize our chances of living in a truly decentralized future. Or our future will likely be increasingly dystopian, where two billion people log on to Facebook and get fed fake news that moves them to one political extreme or the other. A future where FAMGAN controls AI. A future where FAMGAN cotrols an ever increasing share of tech market cap, and the rest of the worlds fights feverishly for the remaining scraps.

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This article has been prepared for informational purposes only and does not constitute an offer or solicitation to buy tokens or other securities of CryptoOracle (the “Company”).