Today, on Ethereum, in one atomic transaction, you can borrow $5m with zero credit or collateral, execute an arbitrage algorithm across N independent financial

Today, on Ethereum, in one atomic transaction, you can borrow $5m with zero credit or collateral, execute an arbitrage algorithm across N independent financial services, generate a small profit, and repay the $5m. The transaction fails if the predicted profit doesn't materialize, preventing you from losing money, except the transaction fee. The idea that nothing novel or useful is going on in cryptocurrency is intellectually bankrupt. Here are two recent links that I think show some of the cool work going on in Ethereum https://medium.com/molochdao/the-state-of-optimistic-rollup-8ade537a2d0f https://medium.com/molochdao/the-state-of-optimistic-rollup-... https://gitcoin.co/blog/gitcoin-grants-round-5-funding-our-future/ https://gitcoin.co/blog/gitcoin-grants-round-5-funding-our-f...