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That's easy for you to say, but there's plenty of people on this planet that don't have access to any financial markets. Now with a smartphone, browser and inte
by intotheabyss 6y ago
That's easy for you to say, but there's plenty of people on this planet that don't have access to any financial markets. Now with a smartphone, browser and internet connection, they can buy exposure to US equities without a brokerage from any country.
But it's so much more than that. Have a little imagination. Digital assets could very well be the dominant forms of assets in the future, so easy access to markets to trade these is important.
You just disagree that this has importance, but the market says otherwise, since people are very interested in using Uniswap, and volume will only grow from here. It's undeniable that this is a usecase, and I remember only a couple of years ago that HN would say that Ethereum is completely useless, and yet here we are.
- mbesto 6y ago> Now with a smartphone, browser and internet connection, they can buy exposure to US equities without a brokerage from any country. 1. While this is technically become realer and realer every day, it's becoming less and less logistically due to regulation. 2. Eventually people will realize that the frictionless experience of crypto is also its greatest security risk[0]. Why do you think the Winklevoss twins store their wallet backup codes in...you guessed it...BANKS! ha.[1] The Winklevosses came up with an elaborate system to store and secure their own private keys. They cut up printouts of their private keys into pieces and then distributed them in envelopes to safe deposit boxes around the country, so if one envelope were stolen the thief would not have the entire key. [0] - https://gist.github.com/chitchcock/1281611 https://gist.github.com/chitchcock/1281611 [1] - https://www.nytimes.com/2017/12/19/technology/bitcoin-winklevoss-twins.html https://www.nytimes.com/2017/12/19/technology/bitcoin-winkle...