Cloud margins are a permanent invisible tax
Akash Weekly - September 28th 2022 (Akash Network)
“Over 50 percent, on average, of all the money you pay to online services — like Netflix or the service fees to Uber Eats — 50% of that margin really goes to a cloud provider.” — 00:07:12
Context: Citing Anil Murty’s Messari Mainnet talk; Greg follows at [00:07:57] with “you end up having a permanent invisible tax for everything you do online being paid to one of these large providers.”