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RE: Disruptive technology like bitcoin is like the car in the time of horses

in LeoFinance2 months ago

Great points made in this post.

I would take exception with this:

First the banks will resist, and then they will reluctantly join in and then eventually they will run all their systems upon the blockchain or decentralized ledger.

Most horse dealers were put out of business. There was a time when whale oil distributors were in high demand; have you come across them lately.

I think we will see the present bankers end up out of business. What is the need for banking (as we know it) if banking services end up on DeFi networks?

That said your post summarizes the S Curve that technology follows.

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Good insights there friend. The old legacy systems may well disappear in time or be transformed by the new.