> Seems pretty clear that we've just dislocated some percentage of the financial incumbents to create new ones. And, even the old incumbents are buying back in.

> Seems pretty clear that we've just dislocated some percentage of the financial incumbents to create new ones. And, even the old incumbents are buying back in. Reminds me of the early promise of the Internet itself giving way to corporate overlords and capital. And yet again a bunch of tech-enthusiasts are forced to face that fact that their breakthrough technology does not infact lead to the techno-utopia they imagined, and instead is heavily directed by human factors, and leveraged/exploited by the same types of systems and entities that had the most power/influence prior to it. Can't wait till we start again on this cycle with widely deployed machine learning systems in about 15 years. The same exact arguments of "it's just a technology." "It doesn't matter how it will be used in society." "By nature it's more [democratic/egalatarian/...]" "It will help to remove people problems by being tech". Which will yet again change to: "Wait what?" "Not like that." "It's not supposed to be used like that". "It's been corrupted and taken over by X. Who could've foreseen this??" If you're designing tech without designing how it will interact with society, you're just designing foot-guns. Hopefully at somepoint as an industry we'll get past this stage from teenage "look what I can do isn't this cool" to resonsible adult "Yes I have the freedome/ability to do this, and here's how I'll do it responsibly."