The 1000x Group is a private think tank focused on finding “black swans” in the world of open and distributed protocols.
Protocols are vending machines for internet services - storage, processing, data, etc.
Everyone connected to the internet is a potential supplier. The vending machine only accepts coins custom to that protocol, which are reliably scarce.
These vending machines have unusual economies of scale.
Anyone on the internet can contribute unused computer resources (storage, processing, data, etc). Protocols can attract orders of magnitude more resources than centralized companies. Because there’s a market for these resources, and markets are efficient, vending machine users always get the best price for resources.
As the vending machine becomes popular the scarce coins should go up in value.
We expect protocols like these to both bring the cost of internet services (like cloud storage) down significantly while also capturing value at a scale never before seen.