undefined | Better HN

0 pointschx3y ago0 comments

> mostly - there's efficiency to be had and red tape to cut

and Open Banking has been working on this steadily in many countries.

0 comments

Can you show me any tangible results of open banking? I used to work in the space and it was a shitshow of bureaucracy that never went anywhere.

Ethereum IS ALREADY an ecosystem of programmable money APIs, and it works TODAY.

chxOP3y ago

Works is an interesting choice of word. https://twitter.com/qrs/status/1395784294451265536

> Smart contracts should be considered self-funded bug-bounty platforms.

Jommi3y ago

You share a link to a tweet with a phot of an ATM. What is your point?

What do you think it true anti-fragility in a system? Something that is built form the ground-up in a regulatory too-big-to-fail environment, or something that starts from the wilderness, gets beaten down multiple times, yet grows back up stronger than before.

That is true antifragility.

1 more reply

j / k navigate · click thread line to collapse

0 comments

Jommi3y ago

Can you show me any tangible results of open banking? I used to work in the space and it was a shitshow of bureaucracy that never went anywhere.

Ethereum IS ALREADY an ecosystem of programmable money APIs, and it works TODAY.

chxOP3y ago

Works is an interesting choice of word. https://twitter.com/qrs/status/1395784294451265536

> Smart contracts should be considered self-funded bug-bounty platforms.

Jommi3y ago

You share a link to a tweet with a phot of an ATM. What is your point?

That is true antifragility.

1 more reply

j / k navigate · click thread line to collapse