Disintermediation Quotes

Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. And Airbnb, the world’s largest accommodation provider, owns no real estate.

What supermarkets did to small neighbourhood shops is what digital platforms will do to cinema.

The force of microelectronics will blow apart all of the monopolies, hierarchies, pyramids and power grids of established industrial society.

The VC industry has benefited greatly from technology and the Internet, so I see how the VC industry is going to get disintermediated, decentralized, disrupted, so I can sit around and wait for someone to disrupt ourselves, or we can choose to disrupt or cannibalize ourselves.

Government, in many ways, is absolutely going to, if not already has, become irrelevant. It's not going to be in control anymore with the technologies that are coming down the pipe.

A P2P business is a company that creates a platform which allows individuals or 'peers' to directly buy and sell from each other. This activity has sometimes been called the 'sharing economy.' Some are wary of these new companies and the challenge they pose to the established market.

What's awesome about the Internet is how it breaks up monopolistic markets where middlemen unfairly gobble up outsized fees, leaving us little choice but to keep paying them.

Unless you stay focused on innovation, you can be disintermediated.

The entire business world has figured out how to make huge buckets of money without hiring us to work for them.

We have witnessed a stunning reversal of power between mainstream and social media: The ability to go direct to end users of information through social channels radically disrupted the mainstream news agenda.

Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.

This is where the block chain is most useful and revolutionary: It helps us to overcome the problem of mutual trust in exchange, which will, in turn, make many of our modern central institutions unnecessary.

There won't be editors in the future with the Internet world, with citizen reporting. That doesn't scare me.

I have no problem with the financial industry inviting the Trojan Horse of blockchain technology into their walled garden. Because I know how powerful the technology is.

The main event isn't bitcoin. It's using the blockchain to disrupt other industries and Wall Street.

Now it's easy for someone to set up a storefront and reach the entire world in very modest ways. So these technologies that we thought would dis-intermediate traditional sellers gave more people the tools to be sellers. It also changed the balance of power between sellers and buyers.

The revolution of blockchain is not going to happen from outside the system; it's going to happen from within the system.

Bitcoin is amazingly transformative because it's the first time in the entire history of the world in which anybody can now send or receive any amount of money, with anyone else, anywhere on the planet, without having to ask permission from any bank or government.

The sharing economy is out of the bag - and it's not going to go back in.

I do think that overall blockchains are likely to be a much more powerful force for good than evil.

Computerization eliminates the middleman

I'm reading the way a lot of technology executives have decried 'gatekeepers' and 'traditional media,' and that one of the promises of 'new media' was that it would break the chokehold that old media companies had on public opinion.

History is replete with examples of tech firms that were marginalized by new companies and technologies.

All of the changes in publishing since 1960 are significant. There are far fewer publishers.

The blockchain is a distributed network that solves all the problems that we have of finance, but more broadly, it's like a philosophy. It's a way of life.