How To Take On Wall Street
Wall Street looks at cryptocurrency as another asset class. I believe that all asset classes will be crypto.
In this video I discuss how we make this a reality and what needs to take place. There are some powerful forces which will oppose this. For this reason, we need to keep building infrastructure while focusing upon decentralized and distributed.
▶️ 3Speak
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Honestly power needs to be taken away from the wall street...
greetings @capataz4450
no doubt that Wall Street has changed the criteria you had about cryptocurrencies due to its expansion and massive adoption in several countries, the current wars lead to much imbalance in it , and their vision of financial paradise is looking more and more bad .
Turning your back on the crypto world will lead to its extinction.
Kinda need to be a billionaire...or a billion hundredaires.
https://patents.google.com/patent/US20170187535A1/en
Unless we can predate his patent, we might want to kick something down to him.
It couldn't hurt our reputation any.
Summary:
In this video, Task discusses the potential of cryptocurrency in challenging and potentially surpassing Wall Street. He believes that all asset types will eventually be tokenized, leading to a more decentralized financial system. Task emphasizes the importance of truly decentralized infrastructure to prevent vulnerabilities that could be exploited by powerful entities like Wall Street. He mentions the significance of individuals like Vitalik Buterin and Charles Hoskinson in this space but expresses concerns about their ability to withstand pressure from influential organizations. Task emphasizes the need for fully decentralized infrastructure to combat Wall Street effectively.
Detailed Article:
Task delves into the concept of tokenization and how it can revolutionize traditional asset classes. He points out that even though assets like stocks are digital, true tokenization represents ownership in a way that existing systems do not. He envisions a future where all assets, including stocks, bonds, and commodities, are tokenized, creating a more efficient and transparent financial system.
Furthermore, Task highlights the role of Wall Street as a gatekeeper and intermediary in the current financial landscape. He suggests that the centralized nature of Wall Street institutions poses risks, particularly when it comes to security and control. Task argues that to challenge and potentially replace Wall Street, a decentralized infrastructure is crucial to eliminate vulnerabilities that could be exploited by powerful entities.
In discussing the potential threats to decentralized systems, Task raises concerns about the influence of government entities and financial institutions like JP Morgan and Goldman Sachs. He questions the ability of prominent figures in the cryptocurrency space to withstand pressure from these entities, emphasizing the need for resilient and truly decentralized systems to resist external interference.
Task emphasizes the importance of infrastructure, particularly decentralized and open-source frameworks, in reshaping the financial world. He underscores the necessity of robust foundational layers and secondary layers in blockchain technology to ensure the security and integrity of the system. Task uses Lightning Network as an example to illustrate how vulnerabilities in secondary layers can expose the overall system to risks.
In conclusion, Task stresses that decentralized infrastructure is the key to challenging Wall Street and creating a financial system that is resistant to external manipulation. He emphasizes that truly decentralized systems, built on open-source principles, are essential for creating a level playing field in the financial domain. Task outlines the potential for decentralized finance (DeFi) applications to drive innovation and competition in the sector, ultimately posing a significant challenge to the traditional financial establishment.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.