> what is the benefit of blockchain and all? The design space is way bigger, so you can create better solutions. “Trust institution X” is a special case. I ca

> what is the benefit of blockchain and all? The design space is way bigger, so you can create better solutions. “Trust institution X” is a special case. I can open a position on my favorite DEX (trusting the DEX administer, which can be a centralized authority, not to push an upgrade that drains my balance) and also trust that my position can be liquidated (due to incentives for anybody to submit the liquidation transaction, thereby not having to trust that a centralized liquidation bot won’t have somehow failed at that exact moment). You could design a brokerage system where accountholders must trust the broker with personal details like SSN, etc, but don’t have to trust the broker not to disable buy/sell buttons due to solvency issues.