Friday, November 20, 2020

Should central banks be expected to lead technology?

 They will be forced into it.  

I was surprised when looking at Defi. I had ignored the goings in in fintech for just a few months, then I run into Taproot, Eth 2.0, and Defi on the Eth chain. I see they are all doing sandbox with their flash loans and arbitrage hunting.

I was shocked, an old sandboxer like me.  I expected is all a bit earlier, but was still shocked to see are good we are getting very good, even with the arbitrage losses which is consider minor and fun to correct. I didn't think public protocol chains would get this far.

Banker do not have to do anything except preserve the public, non profit, cypto stock trust. If they keep that law, that is like a licensed Payment Serive Provider. Just, don't fuck mupthe law as it is, I will go see my banke tomorrow and set one up. We can have the provable stable coin one the  Eth chain, the only thing we need to worry is jams, two parties interleaving in access to the Swift validator.

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