Interesting phenomenon: on one hand, emphasizing respect for the independence of the central bank, and on the other hand, pushing financial supervision authority to the judicial department. This seemingly contradictory policy orientation actually exposes the inherent dilemma of the traditional financial system—blurred boundaries of power, always lacking transparency.



Rather than repeatedly tugging back and forth like this, why not try a different approach: move all financial policies and regulatory rules onto the blockchain. Smart contracts execute automatically, with every transaction and rule being clear and traceable, providing constraints for policymakers and enforcement.

In this way, the central bank becomes transparent, policy-making departments perform their respective duties, and the Web3 community can see the true system design. A win-win situation—why not give it a try?
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
HodlVeteranvip
· 2h ago
Bro, I like the idea, but are you telling fairy tales? I heard this argument back in 2017, and what happened? The so-called "decentralization" in the crypto world still operates behind closed doors, just hidden even deeper. Moving corrupt power onto the chain automatically makes it honest? Dream on, buddy.
View OriginalReply0
ZenZKPlayervip
· 2h ago
That's right, once the boundaries of authority become blurred, everyone starts passing the buck—it's the old trick. But can on-chain finance really solve this? Will the central bank obediently open their wallets for you to see? Haha But on the other hand, at least smart contracts won't secretly change the rules, which is indeed appealing.
View OriginalReply0
DegenWhisperervip
· 2h ago
Basically, it's still a game of power. Transparent on the chain? Ha, the central bank probably wouldn't agree. --- This idea is beautiful in theory, but implementing it would offend everyone. --- Smart contracts executing automatically sound great, but who writes this code? That's a new form of power in itself. --- Instead of fantasizing about blockchain salvation, why not first look at how chaotic the current on-chain ecosystem is? --- The blurring of power boundaries—can that be solved on the chain? You guys are naive. --- There's always a slight lack of transparency because some people simply don't want transparency. --- Just moving finance onto the chain is enough to listen to, but real power has never been about technology; it's about politics.
View OriginalReply0
OPsychologyvip
· 3h ago
That's right, traditional finance is becoming more and more absurd, and the concentration of power is really a mess. Putting assets on the blockchain is indeed a good idea, but there's the issue of liquidity... Would the central bank agree?
View OriginalReply0
OnchainSnipervip
· 3h ago
Well said. The traditional financial system's checks and balances have long been broken, and now they're just passing the buck to each other. There's nowhere to hide on the blockchain; code is law, and no one can escape.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)