Finance industry and the whale hunting industry of the 19th Century

in #bitcoin7 years ago

must-read: Tuur DeMeester in a brilliant article (recently​ re-published https://www.essaysonbitcoin.com), claims Money Industry today may be facing challenges similar to what the whale hunting industry face in the 19th century.

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Key though: "people will demand antifragility: they won’t accept a central point of failure. Sure, maybe today they do still, but after the next big banking crisis many of them will change their minds."

Antifragility (develop by N.N. Taleb is a key concept to understand the promises beyond blockchain revolution.

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