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Don't build your castle in other people's kingdoms

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Re: Don't build your castle in other people's kingdoms

#41
Same applies to fintech - I see a lot of new fintech startups building their solutions on existing no/low code platforms.

Whilst this gets them out of the gate faster all the problems in OPs article apply. In addition, their margins are squeezed as they have to pass on the cost of the no/low code platform. Also means the no/low code platform now needs to be InfoSec/Due Dilled which doubles that pain too.

Re: Don't build your castle in other people's kingdoms

#43
post #3

This lesson extends to almost everything in life. Too many people wrap up their goals and aspirations to things that are really someone elses thing at the end of the day. It frequently doesn't end well. This is a really great article.

Well it's easy to say "don't build your castle in other people's kingdom", but when 95% of people live in someone else's kingdom and like it there it's much harder to actually pull that off.

The author laments content creators trying to bring viewers into their discord or twitter instead of personal website but conveniently ignores the fact that people are much more willing to go to and likely to return to sites they already visit.

I don't think content creators are especially happy to be reliant on youtube, or twitch, or whatever other site they're on. But the reality is that's where the people are. When creators have left those platforms they've consistently lost the vast majority of their viewers, because the reality is that there are plenty of other creators on the platform for viewers to migrate to.

Re: Don't build your castle in other people's kingdoms

#44
post #6

One thing about domain names: Choose both a registrar and top-level domain for your domain name carefully. Neither your registrar nor your chosen TLD registry should be in the habit of suspending domains at the drop of a hat, or be at risk of going out of business suddenly. For TLDs, I have said before¹ that if you mostly trust your local government, your national ccTLD should suffice. In fact, it should be your defa…

The ccTLD of Iceland ".is" only suspends domain names after a valid court order in Icelandic jurisdiction.

Wasn’t there drama regarding archive.is being removed by some TLD operator?

Re: Don't build your castle in other people's kingdoms

#45

Same applies to fintech - I see a lot of new fintech startups building their solutions on existing no/low code platforms. Whilst this gets them out of the gate faster all the problems in OPs article apply. In addition, their margins are squeezed as they have to pass on the cost of the no/low code platform. Also means the no/low code platform now needs to be InfoSec/Due Dilled which doubles that pain too.

They hopefully imagine moving out of that platform once a certain size has been reached.

Re: Don't build your castle in other people's kingdoms

#47
Nice article, but some of the writer's earliest examples are "rug pulls" that happened 10+ years ago... surely the "new" generation of creators have ingrained these lessons already?

As a follow-up, I'd want to hear the writer's opinion on how to filter the corrupt kings from the "safe products". MailChimp and Squarespace are easy examples, but are name brand ecosystems like Steam and Spotify necessary evils, or would the writer encourage sticking with indie alternatives like itch.io and Bandcamp?

It is going slower than one would expect (or desire), but I do think technology is bringing us to an ecosystem that is more equitable for creators. Personally, I'm interested in the rules and expectations for tools that would be equitable to creators while remaining sustainable. It seems like there are offerings beyond web hosting and e-mail distribution that are worth exploring.

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