In the 2020 Multicoin discussion, Malka emphasizes trust and brand against financial-product copying. Jain argues that value capture also depends on defensibility and who owns the customer relationship; Malka explicitly agrees with that framework.Jain supplies the aggregator and profit-accrual argument; those words should not be silently reassigned to Malka. This is an investment framework, not a proof that any named token has a moat or holder rights.TIBBIR UNIVERSE THIS IS TIBBIR How to get TIBBIR Ribbit in numbers Connected clues Account archive Bridge & contracts On-chain research Connections Community The story Reading room Network map Timeline Findings Source library Conversations People & companies Open questions Export & reuse
