Möbius(@MobiusExchange):From TCP/IP to Visa: The Credit Layer Thesis The internet did not become valuable because of TCP/IP. - TCP/IP won. - Websites won. - Cloud infrastructure won. Yet some of the most valuable companies built on top of the internet were not infrastructure companies. They were Visa, Mastercard, JPMorgan, and Goldman Sachs. Why? Because once information could move freely, the next challenge became moving capital efficiently. The biggest businesses were not built around transmitting data. They were built around managing money, credit, collateral, and risk. DeFi may be entering a similar phase today.

2026.06.20 15:20

From TCP/IP to Visa: The Credit Layer Thesis The internet did not become valuable because of TCP/IP. - TCP/IP won. - Websites won. - Cloud infrastructure won. Yet some of the most valuable companies built on top of the internet were not infrastructure companies. They were Visa, Mastercard, JPMorgan, and Goldman Sachs. Why? Because once information could move freely, the next challenge became moving capital efficiently. The biggest businesses were not built around transmitting data. They were built around managing money, credit, collateral, and risk. DeFi may be entering a similar phase today.