When people say their businesses will survive or have an alpha because they share a relation with the customer, the relation has to be very specific now. Not an emotional but a give and take, and crucially how smooth is that give and take relation. If banks think that relation of them and their customer is their alpha, they are merly right when they talk about it,in the sections including. 1) PSU 2) private 3)small banks 4) digital banks. Private banks can say their customer relations is alpha. But when crypto comes to the picture, this is ridiculous to think that it was an alpha ,and you really redefine what the relation means.
It's said before money there was Barter? Really? It's also true, that before money /currency, people were living in small communities, there was nothing as much of profit, scaling. What mattered at that time was human relations, because there was close kinship between communities, they would exchange stuffs and live. When thing became clear, earth was no more flat, some people took it to explore. Silk roads came in picture, so did currency, and it flourished. Things scaled. We had more stereotypes about different ethnicities ,they made some or many things sell! It's all on the shoulders of Scalablity
Currencies have their own history, the capitalist world has become on its power. And to the deep limits it affects our life. We saw 2008 and it's crash, literally every book on the market started with describing it,and what were the preconditions. And it followed a climax of financial institutions collapse, like Lehman Brothers. Some short sellers came out as Hero's, they were the cash cows further for the authors and moviemakers. Some people who made out of there were later caught in other scandals.
Crypto has, had fair share of questions like its volatility, every currency backed by government is volatile but it's like air drag when we solve gravity/ free fall problems , unlike the crypto. Many earlier coins had some unsuccessful attempts to solve it. But the community beloved the wide acceptance will bring it to calm. A supermarket that has a physical presence, and the one that has online presence on internet was scalable to different extends. We clearly know who got to take the larger pie. Anything that will be built on crypto will have greater Scalablity than anything yet. And that makes it the blue ocean.
Scaling?
Insightful! Keep it up!!
Loved itt!