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> I hear this all of the time, but the people and projects “reshaping the economy and politics” are rarely ever named. I don't know about politics, but there a
by cableshaft 5y ago
> I hear this all of the time, but the people and projects “reshaping the economy and politics” are rarely ever named.
I don't know about politics, but there are definitely coins reshaping the economy. Hell, bitcoin by itself is reshaping the economy, being considered by many major institutions to officially be a new asset class now[1]. It doesn't mean a total replacement of the economy, if that's what you're thinking, but it's definitely reshaping it.
DeFi is already taking a nice chunk out of central banks' lunch. Celsius, USDC, BlockFi, etc, are able to credibly offer 6% or higher yield[2], whereas banks can only offer, at best 0.6%, nowhere close to beating inflation.
That's just two use cases, and if I had more time this morning I could go into more (didn't even touch on smart contracts at all). Wouldn't be surprised if you'll dismiss them out of hand as bad projects according to whatever internal criteria you have, and if so, I don't think you'll ever be able to convinced that anything a good project.
It just gets annoying to hear people dismiss the entire space all the time without spending more than a few minutes looking into it, and/or assuming that the space never evolved from 4-5 years ago, where you could safely make those claims.
[1]: https://ca.finance.yahoo.com/news/bitcoin-is-officially-a-new-asset-class-goldman-sachs-103540636.html https://ca.finance.yahoo.com/news/bitcoin-is-officially-a-ne...
[2]: https://defirate.com/usdc/ https://defirate.com/usdc/