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Thanks for the thoughtful comment. I agree with you that we are not there yet, but that disconnect will eventually be bridged. What we are lacking is a bridge

Thanks for the thoughtful comment. I agree with you that we are not there yet, but that disconnect will eventually be bridged. What we are lacking is a bridge between traditional finance and crypto that goes beyond what crypto exchanges offer. I think it will take time before we get there because we need for institutions and businesses to start adopting it, but this has not been happening for a decade. Ethereum is just 7 years old, and its in its infancy. I think we will need a couple of more speculative cycles before we end up with something useful.

acjohnson55 5y ago
But what I mean to say is that the legal system and the blockchain may simply be irreconcilable, without losing the benefits of each, as a mechanism for consensus. If the regulatory system requires an override, then what's the point of extremely complex, expensive, and slow distributed permissionless consensus? It may well turn out that permissionless blockchains are only really appropriate for markets beyond the purview of regulators.