There is always something to talk about unless you choose not to talk. Ok, I am not saying you should become talkative in the process, NO. The fact is, many things are coming in when looking at the global economy and technology. In short, technology is the main driver here. It has boxed in some uncertainties in-between. Individuals, firms and government alike are in a state of should we dive in or just halt. It was an article I covered some months ago.
In this article, we are going to look at something similar, the pace of technology is bringing in debates and competition in stages. As we speak even anti-tech firms and individuals of rising tech like crypto are jumping into the train and of course as you know, for the profit it can offer and nothing else.
It is now a debate of government versus government, company versus company, DEX versus CEX and traditional banks VS rising FinTech. Before getting there, let's just look at the matter of things.
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Ok, the entire thing is huge, how big is the crypto market? It is estimated to be currently at around $3.7 trillion. This is something we know exceeds this when putting some off chain DEX tokens into consideration. This market is expected to size up to over $11 trillion by 2030, something I think may exceed these figures because of other aspects.
blockchain technology has birthed the RWA (Real world asset) industry that is expected to reach $2 trillion by 2026. Something I also think will surpass this figure. First, you have to understand that the RWA is beyond current numerical fathoming and offloading this hard Industry into the virtual space is indeed an explosion. The offloading is already commencing. Robinhood are positions and also is Jamie Dimon and his JP Morgan crew.
It is something worth embracing although the assumed flaws in-between is the fact that these firms are deploying centralized systems; something we thought would be curbed by NOW. I guess this particular mission is still processing if not aborted. From my own views, we have to say, this centralized gatekeepers are going nowhere, how they've restrategized to blend is something many never saw coming.
Does this close doors against the DEXs? Of course not, it will be a two way Internet activity. The CEX have the fire Power, think of Wall Street and what it has to offer and for the DEX, we can say, it is a battle of one Tool leading, ‘integrity’; something that is lacking in the former's way of operation. Another thing to consider from these old timers is exclusivity.
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Talking of exclusivity, Jamie Dimon and his JP Morgan crew just launched its tokenized assets platform, Kinexys fund flow. Sorry, it is exclusive, meaning many will just be hearing and watching from a distance. The incorporation of a ‘permissioned network' says it ALL. It is worth debating but do this old timer care? They have always done business in a ‘click pattern’. This is something that has promoted the existence of the 90/10 rules for a long time.
Maybe we will be hanging the curtains here on this ‘permissioned network' mentality. I mean l, if an investment is not open for all in a world which has become a global hub, then it means the word ‘greed’ is well prioritized. Isn't this too disheartening? This is why I keep saying DEX will thrive over time, it may not dominate but those who understand the need of unrestricted investment and opportunities will continue to key in.
To conclude, let me add, it seems the DEX versus CEX debate has taken a whole of this article and yes it is worth considering. Technology is moving at a fast pace and it is uncovering many things in the process, the debates on flaws are everywhere. The fact is, something being true doesn't mean it will be put to practice. Let's just hope to mitigate it because where money and assets sharing is involved, sense human chaos.
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