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unfortunately the same thread has been had for any tangentially crypto thread on HN for the last decade and a half, so it just doesn’t feel like my prerogative
by yieldcrv 1y ago
unfortunately the same thread has been had for any tangentially crypto thread on HN for the last decade and a half, so it just doesn’t feel like my prerogative to answer such a lazy and abstract question
yes, that means we are at an impasse. use the search, ask an LLM, if even that is too much initiative for a quite outdated skeptic to take even now then I can’t help you
there are hundreds of billions, maybe trillions in volume going through financial services on blockchains and it doesn’t matter if financial services isn’t a sector you care about or are the target audience for, there are people there who will pay to solve problems they have
- EraYaN 1y agoMost of the financial services and systems are all still on very boring old databases (hell quite some cobol still touches a ton of it). Since well they don't need to get hype funding for their Series A or whatever. Databases are just pretty good and processing data efficiently. It's a tiny tiny part that actually runs on some blockchain.
- yieldcrv 1y agothere are hundreds of billions, maybe trillions in volume going through financial services on blockchains and yes that is a tiny fraction of all financial services volume at all, or even involving crypto assets. I was referring to the traffic onchain as that’s what’s interesting permissionless liquidity providing in unincorporated partnerships is still novel and unique to those platforms and highly lucrative. on assets that dont need permission to be listed anywhere.