Well, the whole point of innovation is to question that "more-or-less works". Without that, we would still be hunter gatherers
And we won't be replacing anything overnight. That would be disastrous to the whole economy. But I really doubt that people who benefit from keeping things the way they are will actually work towards fixing any of them. You are actually asking them give up their incentives for the betterment and I don't think there are enough altruistic people who wanna do that.
Not that I am saying that crypto is any better but we need a strong counter party which questions fundamentals of any belief system (in this case, our current financial system) we have such that they will be forced to innovate otherwise they will go extinct
> Well, the whole point of innovation is to question that "more-or-less works". Without that, we would still be hunter gatherers
Do you really believe that it was one person or group of people that said 'hunting and gathering sucks, let's plant seeds and make forges and smelt iron'?
Or was it 'hey, I dropped some seeds and now they are growing, lets put some in dirt and see what happens', i++, goto 1?
To put it another way, how many times has 'let's scrap this working system that has some flaws and start over using an ideology as a back-end' worked out?
And we won't be replacing anything overnight. That would be disastrous to the whole economy. But I really doubt that people who benefit from keeping things the way they are will actually work towards fixing any of them. You are actually asking them give up their incentives for the betterment and I don't think there are enough altruistic people who wanna do that.
Not that I am saying that crypto is any better but we need a strong counter party which questions fundamentals of any belief system (in this case, our current financial system) we have such that they will be forced to innovate otherwise they will go extinct