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This is a very sensible comment. The difference between the two abstractions (thus far) is that the traditional financial system attaches itself to the real wor
by sanderjd 5y ago
This is a very sensible comment. The difference between the two abstractions (thus far) is that the traditional financial system attaches itself to the real world through the legal system, and the crypto system does not aim to do that.
Maybe the core question of this entire endeavor is whether the legal system is a necessary component for layering a system of abstraction on top of the real world, or merely a useful one.