Well the real boring potential, which of course no-one in fintech could possibly recognise or want to admit to, is the potential of just automating finance so it becomes a cheap, boring commodity utility. Why should a bank be more exciting or well rewarded than a load balancer?
— phil jones (he/him - ele) @interstar@artoot.xyz (@interstar) October 1, 2021
Basically what blockchains do is remove account IDs from being the proprietary property of the banks who manage the accounts, and make them open / portable. So that any "smart wallet" can now work on that account via that ID. That's a classic prelude to commoditization.
— phil jones (he/him - ele) @interstar@artoot.xyz (@interstar) October 2, 2021