0 reply
0 recast
0 reaction
5 replies
0 recast
5 reactions
To me it's far beyond access to and replication of today's limited utility financial system.
I don't see much value in the WAGMI narrative that everyone (or even a majority of stakeholders) can get rich, as this only works in la la land, or phrased differently: only under extreme abstraction from reality, ignoring very real boundaries.
In reality the financial instruments on crypto rails will do the exact same biddings as they did in tradfi, because they have or breed the exact same lords.
The appeal to me is governance. MakerDAO phrases it as "governance is the endgame". I'd put it as a starting point for an entirely new game.
Governance has seen the least innovation in the last centuries compared to all other bodies of social science, yet it touches every aspect of human (and sadly, non-human) life.
Incorruptible, reliable, programmatic, transparent, participatory, efficient. All these attributes can be achieved now in governance and were never operationally feasible at scale before 0 reply
0 recast
0 reaction
