/biz/ - Business & Finance

[Anonymous No.54589198]

Smart contracts were supposed the revolutionize the world of commerce by disintermediating and automating trust, instead the legacy legal, financial and enterprise worlds just swept them under the rug and only gambling ponzi scams emerged from them, controlled by mev mafia and vc charlatans just trying to fleece retail investors. What went wrong

[Anonymous No.54589333]

>>54589198
those centralized systems will fail in one way or another (as they already are) so the end result is inevitable, the only question is how long will it take

if anything with crypto market purges from bad actors are extremely effective since there is no "bailouts" like in tradfi, just like VCs and hedge funds got fucked when FTX went down. let the market do its thing

[Anonymous No.54589593]

>>54589333
Checked. Web3 is very effective at washing out bad actors, CZ aside.

[Anonymous No.54589615]

>>54589198
To answer your question they need DECO. No tradfi entity wants to put proprietary information on a public ledger for all to see.

[Anonymous No.54589806]

>>54589333
>those centralized systems will fail in one way or another
This is cope, they're still going strong and have more trust than the majority of most defi scams.

[Anonymous No.54590111]

>>54589806
>Rome will never fall!
>the sun will never set on Britain!
>the Soviet Union is forever!
that's you. that's how you talk.

[Anonymous No.54591530]

>>54589593
its also apparently effective at washing out linkies while enriching some of the worst actors
>t. afflicted link holder

[Anonymous No.54591572]

>>54589198
They are too much a threat to current world order, the amount of disruption caused by eliminating like 50% of the jobs would just cause way too much problems