Alliance DAO co-founder: The blockchain moat is narrow; even the strongest crypto businesses are only in the middle tier.

Odaily Planet Daily reports that Alliance DAO co-founder qw shared his personal ranking of "business moat levels in different industries" today, pointing out that the moat of blockchain itself is very limited, only about 3 out of 10.

qw's moat rating system is as follows:

Level 10/10 (Strongest Moat)

Microsoft (Key SaaS)

Apple (brand + ecosystem development)

Visa/Mastercard (payment network effect)

TSMC (IP + Physical Infrastructure)

Level 9/10

Google (Search & AI IP)

Amazon (e-commerce network effects + logistics infrastructure)

Moody's, S&P, FICO (Regulatory-driven + Brand + Rating Network Effects)

Large-scale cloud computing (AWS/Azure/GCP, etc.)

Level 8/10

Meta (social network effect)

NVIDIA (IP + CUDA network effect)

7/10 level

Tesla (highly automated technology, but its cars are still largely commercialized)

Level 5/10

The best encryption business in the industry

Level 3/10 (Narrow moat)

Public blockchains

qw further stated that a weak moat isn't necessarily a bad thing, but it means the team must be able to consistently lead in innovation, otherwise they will be quickly replaced. He also rated Bitcoin as a 9/10 and ASML as a 10/10.