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Very well said. The more centralized "layers of abstraction" will be built, no question about that. Smaller, more specialized, more efficient institutions. For
by josefrichter 5y ago
Very well said. The more centralized "layers of abstraction" will be built, no question about that. Smaller, more specialized, more efficient institutions. For example, the US has a long tradition of small Credit Unions – that's fairly similar in principle to some of the DAOs popping up these days.
- js8 5y agoI disagree that anything crypto-related is similar to https://en.wikipedia.org/wiki/Credit_union https://en.wikipedia.org/wiki/Credit_union (or even useful, for that matter), but yeah, if you want to run your own bank, credit union is IMHO as decentralized as it can ever be.