this post was submitted on 06 Jul 2023
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Reminds me of the Bitcoin/BlackRock debate. They are trying to start an ETF, and all I can think is "Good, the more BTC is integrated into the system, the more it will change it, this is the ultimate goal".
It's not to say it's without it's risks, but if the system is not adaptive enough to work through any potential problems, it will never survive in the long run. Antifragility is a necessity of such a system.
It's still very young here though, the Goliath is coming for David but David is still in middle school.