RE: Will Cryptocurrency Solve The Cantillon Effect?
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Crypto currency will solve most of the problems of the financial system.
I just thought of how we keep money in the bank and I am paid 0.1% per annum.
Does it mean that they earn 0.1%?
Of course not. They earn way more than at least 10% and what gets to the masses is .1%
Defi has started making the possibility of people getting what they truly deserve attainable by excluding the middle men.
Although Defi is new and open to a lot of mishaps, I believe that with time, there will be more developments than what the centralized system is offering.
Even at this stage, defi is currently providing more than what centralized system is doing in my opinion despite the rise and falls.
I think the cantillon effect is a legit theory.
That is true of most technologies. They are quirky in the early days. Over time, things get better. Look at the idea of the Hive Authentication Services. That is going to revolutionize key management and increase the security greatly.
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