I like the honesty of this slide from @a16z's magazine. Layer 6 of the distributed finance stack is unquestionably a hotbed of innovation. https://future.a16z.com/open-source-financial-services/ …pic.twitter.com/JFvTjM2u0Q
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Most buildings today are built from stone (a 4 billion year old technology!) or steel (invented in 1,800 BC) instead of the composable, open source FunBrixx invented last year by a middle schooler in Omsk, now Siberia's youngest billionairepic.twitter.com/336sbfwYd7
This is thinking too far ahead of solving some really basic problems. The US doesn't have a good enough finance stack to build on top of. Heck, bitcoin is probably better than the mish mash of current systems. In comparison, india has a mind blowing stack being developed.
Whereas China, has a characteristically centralized finance stack so good that they're 99% of the way to establishing a cbdc. The west really needs to upgrade its basic systems before competing imo
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