The greatest single contribution of Bitcoin and cryptocurrency generally is that it taught the world that money can be subject to market-based innovation. It can be more than what we knew. Most strikingly, crypto wraps together the medium of exchange and the means of payment, making it possible effectively to use cash, peer-to-peer, all over the world, without having to tap the services of a third-party supplier.
That’s completely new. Two decades ago, no one even believed such a thing was possible.
What is new is are the liquidity nets which is shadow banking with a digital accelerator. Most of the liquidity net trades are designed to be automated. I doubt that Zuck has figured this out yet. I am much more impressed with Apple and their involvement with smart card technology, a real breakthrough that knocks out on of the great barriers to sandbox.
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