Post by Bitcoin Dictionary

A common rule (platform interface, certification standard, reimbursement schedule, access condition, etc.) coordinates decentralised investment by letting firms rely on a stable interface.

Once firms have sunk rule-specific investment, the sponsor that controls the rule can revise it, force costly adaptation, and capture part of the installed market position.

Anticipating this, heterogeneous builders decide both whether to enter and how much “defensive standing” (procedural access, testing capacity, legal protection, advance accommodation) to buy in order to reduce residual exposure.