Very interesting article. This kind of thorough investigation really shows how math was never the missing component in monetary policy and economic exchange.
The idea that we could replace Ernst & Young (for example) in this saga with math is pretty clearly wrong, since they were needed even though this already was cryptocurrency.
So if you replace banks, courts, auditors, and all this "old money" with math, but you still need the banks, courts, auditors, and all the "old money" companies, what was the point?
The idea that we could replace Ernst & Young (for example) in this saga with math is pretty clearly wrong, since they were needed even though this already was cryptocurrency.
So if you replace banks, courts, auditors, and all this "old money" with math, but you still need the banks, courts, auditors, and all the "old money" companies, what was the point?