Translation: rent-seeking intermediaries prefer centralized networks designed to protect their rent-seeking ways, as opposed to decentralized networks invented to disrupt them. Yes. In other news, pouring water on your head makes you wet.

Laura Shin
@laurashin
04-01
"Goldman's on Canton. DTCC is on Canton. There's a reason they're moving there rather than permissionless blockchains.
It would be very hard for a regulated institution with trillions of dollars to connect to a permissionless chain right now." — Jessi
https://x.com/i/broadcasts/1NGaraMejRXJj…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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