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existing markets by their very nature don't want to be disrupted. Its like saying librarians didnt see any issues with the storage of information before the in
by darcys22 6y ago
existing markets by their very nature don't want to be disrupted.
Its like saying librarians didnt see any issues with the storage of information before the internet came along.
The ‘issues solved’ by programmable money are the opportunity for full automation of the finance industry and for businesses to interact with it via smart contracts (instead of accountants and lawyers)
Uniswap could be a replacement for all the worlds exchanges, real estate agencies, commodities markets (including livestock) and your business could buy items from these markets with a script.
Combine this with something like self driving cars delivering goods and you have a whole supply chain that functions with zero human involvement.
- Daishiman 6y agoWhich is of course complete bollocks because the cost of the IT infrastructure for a lot fo these businesses is already lower than the transaction costs for these decentralised finance platforms.