4 ms·

Curious, but what's your take on what this foundation is, functionally speaking? Is it indeed a decentralized financial alternative that will address the curren

Curious, but what's your take on what this foundation is, functionally speaking? Is it indeed a decentralized financial alternative that will address the current woes of tradfi? Or is it something else? Or is it, again in your opinion, sort of a blank canvas, and just SOME foundation that's being emerging, and eventually people will be building on top of it?

pcthrowaway 4y ago
The foundation is a decentralized way to transfer value, without intermediaries. The actual value-additive innovation right now is happening around financial primitives being rebuilt in a decentralized manner, using smart contracts. Everything from the virtual machine to the language capabilities (and restrictions) to the "legos" used to build decentralized applications are constantly evolving. The constant hacks are also a form of hardening that's happening. New kinds of attacks are regularly discovered, and then exploited or responsibly disclosed, and then protocols start to guard against them, and the entities building the "legos" (I'm mainly talking about OpenZeppelin) upgrade any pieces that need to be upgraded.