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"Tradition is a set of solutions for which we have forgotten the problems. Throw away the solution and you get the problem back. Sometimes the problem has mutat
by bigodbiel 5y ago
"Tradition is a set of solutions for which we have forgotten the problems. Throw away the solution and you get the problem back. Sometimes the problem has mutated or disappeared. Often it is still there as strong as it ever was"
Substitute tradition for "regulations" and you have "Uber of X" or "hot start up industry disruptor" in a nutshell.
- admax88qqq 5y agoWhile that's true, often times tradition and regulation are not the best solutions to the problemx certainly not as technology has evolve. Not to mention much of the time regulation is not a solution at all but rather just means to protect incumbents. Edit: To be clear, I agree there is tons of bullshit going on in crypto and DeFi, but I also believe that the existing players are ripe for disruption if they weren't regulatory protected. There's no reason why I shouldn't be able to do a bank transfer instantly, or why I can't pay a a small business electronically without a large fee going to Visa.
- fouric 5y agoI'd like to add nuance: tradition seems to oftentimes be a mix between actual solutions to problems, and legacy cruft that can be safely removed without undoing the fix to the problem. Large, active codebases have to be occasionally refactored to keep them understandable, and this refactoring can often be done without a loss of functionality - why would the law (or tradition) be different? In particular, it feels like much of the legal system is a bunch of hacks grafted onto existing (oftentimes much older) laws, and that there's an opportunity to rewrite the laws and merge the hacks in to form a cohesive whole.