However, traditional financial governance is poorly adapted to the digital era. Digital centralization is a vulnerable way to handle wealth. Once political activists discover this it will become highly exposed to the ever-changing political whirlwinds. https://twitter.com/jhamel/status/991167409129172992 …https://twitter.com/NickSzabo4/status/953329779125596161 …
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How many of those were centrally regulated?
Oh no they are missing out on the heavenly magic of regulation, where distant omniscient bureaucrats secure your money with a click of their fingers. That will fix it!
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If you’re stating “traditional financial governance is poorly adapted to the digital era” - I’m assuming this isn’t just rhetoric and you have some concrete evidence of this from well regulated modern markets?
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The first is basically nothing to do with governance and is reflection of a shitty old system that needs an update. The second is a decent example but how real is it? Maybe grey, or politically sensitive, markets are a valid niche for crypto but vast majority of txns aren’t in it
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That’s a bit like saying Coinbase is a reflection of decentralised governance. Do you agree with that statement?
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If you genuinely believe central governance inevitably leads to all the warts present in a decades old SWIFT scheme, I seriously doubt there’s a way we can have a constructive conversation.
End of conversation
New conversation -
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