Skip to main content

Mindset matters

 

The first mover advantage maybe a myth like MySpace. It is not necessary to have a first mover advantage, but it may do good if managed correctly. In the world of crypto we could see Bitcoin reigning over a decade as the leading coin. It got its first mover advantage and it is way ahead than other altcoins. But does it means it will lead forever ? Not really. I’m case of Amazon the first mover advantage was a great benefit. It is not that because of Amazon being the first to deliver goods through online, it is the ever growth mindset of Jeff Bezos.

Like in case of any other thing, the important factor is not the advantage, but the mindset that drives it behind. Last day I wrote about having a progressive mindset. But when it comes to BTC, the driver behind it is clearly absent. Its first mover advantage is getting it to the top, but as soon as when one person with growth mindset comes with an equivalent product (which already happened), the first mover advantage may slay.

 The reason we see even the old services when introduced by some growth mindset individual, it even surpasses the giant. Maybe mosaic is an example.

Comments

Most viewed

How fear is useful

There are two ways you can look at it. one is dangerous to yourself and the second is to others. In both cases, the only difference is where the fear is directed. Because with fear, you can do many things and make people do things for you. but once the fear is gone, then you won't necessarily get the desired outcome. Fear is only a motivator. It won't stay for long. Either you must increase the fear or find an alternative means.

Society can be a trap

There are lot of traps out there. Only after falling or getting out of that trap we realize that we were bondaged for a very long time. We were born into the society trap where everything is predefined. Everything is written and all we have to do is to obey them. We are not allowed to wander with our will and certainly not with any other rules. Predefined are the prime ones. When we look at those cultural scribings of activism, we could see that everything is limiting and designed to refrain is from our true potential. The hardest thing is not being unaware of this trap, it is being in the trap even after knowing you are in a trap. This makes us to think differently. Because we found something, probably, no one around found. It would be game changer for everyone. It could transform the society and culture, paving a more promising future for the generations to come. But what happen when we introduce this theory to those blind people is quite depressing. They mock and joke you, laugh a...