Top 10 S&P 500 snapshot

Price the moat honestly. Then imagine what happens when more of the world becomes free.

Free The World is a research-driven registry of major public companies and the products they still monetize as if AI, open source, Bitcoin-native coordination, and distributed manufacturing were optional side quests instead of the main plot.

Track corporate moats with enough honesty to admit that many of them are less eternal than their pricing pages imply.

Map where open source, Bitcoin-native coordination, federated protocols, and distributed manufacturing can release trapped capital.

Keep a visible paper trail so the thesis reads like research instead of a particularly caffeinated vibe.

Explore the registry Read the methodology Inspect or contribute on GitHub

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Rotating infographic · Market-cap disruption

How much of the analyzed S&P 500 sample looks repricable?

The front-page pie chart combines the latest committed market caps with the site's current disruption-share model, so the homepage can show the scale of the thesis before readers open the deeper views.

Analyzed S&P 500 sample

$55.9T

147 published companies with both thesis coverage and market caps.

Predicted disruption

$5.3T

Fresh caps multiplied by the site's existing disruption-share analysis.

Latest cap refresh

2026-05-29

115 company thesis reviews may trail the freshest tape.

NVDA

NVIDIA

$268.5B disrupted

5% of $5.2T

GOOGL

Alphabet

$866B disrupted

19% of $4.7T

AAPL

Apple

$290.6B disrupted

6% of $4.6T

Open the market-cap view

Motivation

The thesis in one page

Many digital products still charge like scarcity is real. Many physical products still charge like production must remain giant, centralized, and slow. Both assumptions are under pressure.

AI keeps compressing expertise. Open source keeps compressing software margins. Bitcoin and Lightning offer payment and anti-spam primitives that make more permissionless systems viable. Distributed manufacturing keeps moving the minimum useful factory closer to local, automated, and weirdly compact.

The result is not that every incumbent disappears. It is that a growing share of incumbents should expect to defend prices that become less philosophically persuasive and less economically durable.

Operating rules

How the registry thinks

The methodology is explicit so readers can audit the assumptions instead of pretending a clean table appeared from the heavens.

Moat is scored by distribution lock-in, regulation, supply chain depth, ecosystem power, and user switching cost.

Decentralizability is scored by how much of the product can migrate to open protocols, local operation, or permissionless coordination.

Freed-up capital potential is a derived estimate rather than an audited finance model; it is designed to expose directionally vulnerable value capture.

Technology waves are kept explicit so the writing does not forget the compounding impact of AI, local manufacturing, and cheaper automation.

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The newsletter follows the same thesis as the registry: track where incumbents still charge heavily for services that are drifting toward open, automated, and decentralized abundance.

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Professional with a light satirical aftertaste

If a trillion-dollar company is mostly monetizing convenience and inertia, that is still a moat. It is just not necessarily an eternal one.

Go to the company registry →