I was once brainwashed that blockchain technology would disrupt the TradFi system.
Later found out it was a false proposition. Looking purely at Blockchain technology, It will not bring improvements in productivity efficiency, is a type of "production relationship" technology, Want to disrupt the TradFi system, Inevitably, the rules of profit distribution must change. will inevitably face obstruction from vested interests,
So currently it seems that it will only be tested in certain specific scenarios within the TradFi system, such as clearing and settlement, making it difficult to disrupt the entire system.
If we add the virtual currency system on the Blockchain, For example, the public chain ecosystem will not subvert the TradFi system. The core of TradFi is "risk control",
Strictly regulate the behavior of practitioners, relatively conservative,
The blockchain focuses on decentralization and anti-regulation "anarchism". Although money laundering and fraud occur, "existence is justified". Therefore, no matter how the two systems develop and integrate, they ultimately cater to different types of people and funds, and cannot replace each other. $btc
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I was once brainwashed that blockchain technology would disrupt the TradFi system.
Later found out it was a false proposition.
Looking purely at Blockchain technology,
It will not bring improvements in productivity efficiency,
is a type of "production relationship" technology,
Want to disrupt the TradFi system,
Inevitably, the rules of profit distribution must change.
will inevitably face obstruction from vested interests,
So currently it seems that it will only be tested in certain specific scenarios within the TradFi system, such as clearing and settlement, making it difficult to disrupt the entire system.
If we add the virtual currency system on the Blockchain,
For example, the public chain ecosystem will not subvert the TradFi system.
The core of TradFi is "risk control",
Strictly regulate the behavior of practitioners, relatively conservative,
The blockchain focuses on decentralization and anti-regulation "anarchism". Although money laundering and fraud occur, "existence is justified". Therefore, no matter how the two systems develop and integrate, they ultimately cater to different types of people and funds, and cannot replace each other. $btc