/biz/ - Business & Finance

>>27414372
>And so even if their local government cant give them savings accounts and insurance and a stable means of exchange. the internet together with cryptography and decentralization though blockchains and smart contracts, can give that to them. And that is possibly even more life changing than information, right like what are the two most life changing things in peoples lives. Its education, and its their ability to pursue an economic destiny, to pursue the economic outcomes they find important. And this is why I think that decentralized finance and smart contracts are really the next evolution of the internet, because a lot of the commands will be sent over the internet, but they’ll be sent through the internet onto this parallel internet of contracts, that creates a system through which people can have inflation resistant bank accounts, insurance to combat all kinds of risk, and all these things that we take for granted but really are life changing in emerging markets.