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Anything specifically that makes you think crypto(coins, tokens, etc) will be a critical component of finance? Is there a specific podcast you can recommend on
by dcl 6y ago
Anything specifically that makes you think crypto(coins, tokens, etc) will be a critical component of finance?
Is there a specific podcast you can recommend on the topic?
- wyck 6y agoIts not coins or tokens, but the blockchain that is already being integrated into traditional and decentralized finance. All the major financial players are working on some sort of smart contracts to reduce paperwork and more precisely the people that do the paperwork. And that's just the tip of the iceberg.
- dcl 6y agoAhh, blockhain and smart contract technology. I take it that a16z are hoping to get a piece of that major financial player action by investing in that space?
- wyck 6y agoBig Time.
- stainforth 6y agoCouldn't they create RESTful APIs instead?
- wyck 6y agoNo, a blockchain is an immutable ledger, you can't equate a blockchain to an API. That would be like comparing an apple to a car. Lots of blockchain tech (defi) use various API's in their own ecosystems, some private, and some public like Chainlink's oracle system.
- sulam 6y agoI’m probably ignorant to some big issue here, but it’s. It obvious to me that ledgers solve a big problem. Yes contracts are a big problem in general, but the ledger seems like they’re giving me a new pen to sign them with or a new box to put them in. The work in contracts is in the negotiation and I don’t see that’s affected at all.