I think this is about the stage we are at in regard to decentralized finance at the moment.
I often think about how strangely archaic our financial system is.
For example when you start a new job and the first payment comes in after 4 weeks on the job. In the future, the payments will flow realtime.
Or when I want to check the price of some stock and the stock market is closed, like it is most of the time. In the future, prices will be set on a global market with no downtime.
Or when I talk to people who run online businesses and the plethora of problems they have with credit card payments. Because a credit car payment is not a payment. It's a something where the receiver of the money is held responsible when the one who pays plays dirty tricks on them. In the future, an electronic payment will be simply a payment.
Let's hope we don't need over 40 years from theory to reality like it took for the internet.
I often think about how strangely archaic our financial system is.
For example when you start a new job and the first payment comes in after 4 weeks on the job. In the future, the payments will flow realtime.
Or when I want to check the price of some stock and the stock market is closed, like it is most of the time. In the future, prices will be set on a global market with no downtime.
Or when I talk to people who run online businesses and the plethora of problems they have with credit card payments. Because a credit car payment is not a payment. It's a something where the receiver of the money is held responsible when the one who pays plays dirty tricks on them. In the future, an electronic payment will be simply a payment.
Let's hope we don't need over 40 years from theory to reality like it took for the internet.