Yes, I think that trying to tackle the entire existing financial system is a doomed adventure. There is too much power and control from the fiat banks and institutions to let that happen. The best case outcomes as you say for crypto are currently social uses. Growth will come from building that user base, and eventually the big end of town will have to adapt.
The best revolutions begin from within. Becoming a part of the existing system, through regulation and playing the game to the rules of the big guys is the best hope for growth of the financial usage side of crypto.
I find it an interesting conversation. In some ways, how people feel about this is coloured by why they came to be involved in crypto in the first place. There is definitely an anti-establishment (Fu** the system) crowd, and I admire their enthusiasm and idealism. Most of us however, don't really care and are here for other reasons.
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Yes, I think that trying to tackle the entire existing financial system is a doomed adventure. There is too much power and control from the fiat banks and institutions to let that happen. The best case outcomes as you say for crypto are currently social uses. Growth will come from building that user base, and eventually the big end of town will have to adapt.
The best revolutions begin from within. Becoming a part of the existing system, through regulation and playing the game to the rules of the big guys is the best hope for growth of the financial usage side of crypto.
Thanks for your response.
View this answer on Musing.io
I find it an interesting conversation. In some ways, how people feel about this is coloured by why they came to be involved in crypto in the first place. There is definitely an anti-establishment (Fu** the system) crowd, and I admire their enthusiasm and idealism. Most of us however, don't really care and are here for other reasons.
Thanks for your comment.
View this answer on Musing.io
View this answer on Musing.io
View this answer on Musing.io