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Then I guess you don't really understand UNIX either. Software modularity is a necessary part of the UNIX philosophy, but it's far from the only part. If it w
by jude- 5y ago
Then I guess you don't really understand UNIX either. Software modularity is a necessary part of the UNIX philosophy, but it's far from the only part. If it was that simple, then Windows would be UNIX thanks to COM.
But that's not really the topic at hand.
> It is going to eat traditional finance.
Why should I believe this? Even if high transaction fees, bad UX, and non-existent scalability weren't significant barriers to adoption, why should I believe that traditional finance won't simply co-opt successful defi projects?
The fact that traditional finance does not do some things that defi does has nothing to do with technical capabilities, and everything to do with legality and market sizes. There's no grand conspiracy afoot -- traditional finance would let you do a lot more with your money than you can right now if it was profitable and legal.
If you're telling me that defi is going to "eat traditional finance" because traditional finance won't touch unprofitable or illegal activities, then what are you really saying about defi's prospects?
> There's nothing illegal about participating in crypto.
No one said that crypto is illegal. Tax evasion, on the other hand...