yWhales’ Post

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And for me, the core problem which I'm seeing is that traditional finance and blockchain are still very much at odds, meaning that there is no acceptance on either side. If we can reach some kind of acceptance and agree that each system has its merits, then I think that we can shorten this, this transition and this evolution by a significant amount if we continue to pretty much reinvent the wheel because I'm really seeing how in the blockchain. Industry, we are repeating some mistakes which were done in the traditional finance industry maybe 100 years ago, maybe 150 years ago or whatever. And we are just repeating some of the things there because you know there is just no integration between the two. So really for me the biggest goal is OK, let's shake hands, let's agree that both have merits, let's work together and see what is best done in the traditional finance world, what is best done on chain and it is not. That one is categorically superior to the other. Let's figure out which does what and let's have a cross, cross industry experts within both. And then we can obviously accelerate the the maturity of blockchain in terms of finance and the maturity and in traditional finance in terms of transparency and accountability.