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People in the 1960s computer industry would say the market was IBM “and the
seven dwarfs” in reference to the other popular computer makers: Burroughs,
Control Data, Digital Equipment, RCA, Univac, Honeywell and GE. They all
poured fortunes into developing newer and better technologies than IBM, yet
none could compete with its massive distribution advantage. Ethereum is the
IBM of the smart contract blockchains: it may not be the “best” technology,
but it works well enough and has amassed a distribution advantage that will
be hard to overcome by its competitors. 

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