This opens up other possibilities beyond the financial world. This kind of technology can revolutionize the way we work. Imagine that a company needs someone for a specific task (programming in Python, for example). Through something similar, someone with the skills needed for the job can apply, wherever they are and without their identity and location being revealed. Without intermediaries. Imagine a model like Amazon, but on a basis like Uniswap, where a customer evaluates what I have for sale, sends me the money, and I send him the product. No middle man. This can be applied to social networks, government, and many more areas. In fact, many of these ideas are already being implemented in one form or another.
In fact, there would still be an intermediary, which would be the platform itself. But it would be a decentralized intermediary. And what does this mean? It means that the role of a traditional intermediary, all its data, would be pooled in a database and freely accessible to the public, who could then, for example, make a more informed buying decision, in the case of a buy-sell platform. Something like this would succeed in revolutionizing the way we live, affecting not only shopping experiences, but the banking system itself.
You can read the full text by clicking the link!
Expect the cryptocurrency ecosystem to largely fall in line with financial regulations.
You cannot escape middlemen, they have just changed who it is. Most smart contracts are taking a cut, as do the miners with fees.
Blockchain cannot establish trust or authenticity beyond the digital realm.
You should think about why people operate the way they do today and why this fantasy world of crypto saviorism will not pan out. Who would hire someone for programming without knowing who they are or if they can attend meetings at the same time as everyone else.
Who would want their financial history publicly available for all to see?
Let's not forget almost no one wants to transact in a volatile currency and no crypto has become a currency yet.
