If the largest retailer in the country only accepted X, then X would likely become the de facto currency, no? That doesn't mean X is the best, it might just be the best for that retailer. And then its network effects spread from the top down rather than bottom up.
If the largest retailer in the country only accepted X, then X would likely become the de facto currency, no? That doesn't mean X is the best, it might just be the best for that retailer. And then its network effects spread from the top down rather than bottom up.