Re: “The problem is that internet model eschews settlements; it supports bill and keep. It doesn’t have a settlement mechanism whose price signals serve as incentives and disincentives between actors. The next stage is one of equilibrism whereby competitive, market-driven (not regulated) settlement systems balance the value capture at the core with the cost at the edge, while still maintaining an incentive based system that is generative and self-sustaining.”

Would you be willing to expand or...