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In terms of unit economics, I think if the price per token goes down (less than $0.00002/1k) some extremely niche companies can survive.

The main problem with those companies is that none of them will have any moat and those businesses aren't defensible.

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I have a feeling people are overthinking the whole "we need to have a moat" and really the best moat you can have until you're a multi-million/billion dollar business is your craftsmanship (as silly as it sounds).

Good UI/UX is still the edge as technology becomes more of a commodity.

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