So, I believe you're thinking about this in the classic sense of security, transactions, and decentralizations. It's actually better to think of Ethereum as an ATM that replaces bank tellers - i.e. a fundamental technology shift.
Forget about decentralization/transactions for a second and let's take an example of your company transitioning your 401k to another plan. Think of all the people moving this money, all the legal process that it has to go through, all the find print that must be followed, etc. There's a TON of work to move a 401k and the process typically takes months. What if I told you that you could transfer your 401k plan, without the additional overhead of people, and you could do it in seconds? That's Ethereum.
Let's take another example of buying a house. If you've ever gone through this process it takes months to finish, theres tons of middlemen (bank loan process, approval, selling the loan, lawyers to secure the property, real estate agents, etc). What if I told you that you could buy a house, without this overhead, in seconds? That's Ethereum.
The bottom line is our current financial system is based on an army of lawyers, middlemen, banks etc. and large transactions take time and money to solve. With a concept like Ethereum you just don't need any of that, you can transfer large amounts of value instantly and you don't need this army of people.
It is frankly the difference between horses and cars. It's a technological shift that makes previously impossible actions possible.
Yea I would have assumed so - tbh this is still a massive problem I face in each new org I join. Documents/communications are scattered across google docs, notion, slack, jira.
One time I sat down with a potential hire and went over a trivial PR. Nothing hard just some code to look at on GitHub to provide a familiar environment.
Why? To use it as a way to just look at our tech, get completely off track, and go down the tech rabbit hole. Good devs get really excited and talk about what they're using, what libraries they like, what they'd like to work with, etc.
Hmm I was desperately looking for something like this and only ever found was Framer X. Strange I never came across this but definitely excited to give it a go!
hey, I'm currently building an app in this space - could I ask you a few questions about what you're looking for? My email's in my profile if you're interested.
"And what about Google choosing anti-competitive (i.e. Illegal) business model?" I think the law should be re-written so its not illegal, or what Google's competitors are doing should also be considered illegal.
I made both of those points abundantly clear. Yes, I did answer their question.
On a basic level, yes, banks need to lend money. But saying more defaults came in than were expected is a vast understatement. Banks lent so much money, and were so exposed to risk, that any market correction could have, and did, destroy well established financial institutions. I mean, we're talking razor thin protections from financial ruin basically predicated on the need that housing must always go up. It is literally insane levels of over exposure - not just small leverage to help build a small housing community.
How can you expect people to not default in a system endemic with corruption and rife with irresponsibility?
Forget about decentralization/transactions for a second and let's take an example of your company transitioning your 401k to another plan. Think of all the people moving this money, all the legal process that it has to go through, all the find print that must be followed, etc. There's a TON of work to move a 401k and the process typically takes months. What if I told you that you could transfer your 401k plan, without the additional overhead of people, and you could do it in seconds? That's Ethereum.
Let's take another example of buying a house. If you've ever gone through this process it takes months to finish, theres tons of middlemen (bank loan process, approval, selling the loan, lawyers to secure the property, real estate agents, etc). What if I told you that you could buy a house, without this overhead, in seconds? That's Ethereum.
The bottom line is our current financial system is based on an army of lawyers, middlemen, banks etc. and large transactions take time and money to solve. With a concept like Ethereum you just don't need any of that, you can transfer large amounts of value instantly and you don't need this army of people.
It is frankly the difference between horses and cars. It's a technological shift that makes previously impossible actions possible.