It’s not that consumers aren’t still seeking the thrill of shopping; it’s just that it has become much, much harder for retailers to provide said thrill. Especially when stores aren’t only competing with other stores, but also with other forms of entertainment.
Before social media, a wide swath of the population was just utterly ignored by traditional print/audio/visual media — they never heard what each other had to think. This was the original filter bubble.
Put it simply, DeFi is a global and open alternative to every financial service you use today (savings, loans, trading, insurance, .. ) accessible to anyone in the world with a smartphone and internet connection.
"I think it's good to step back from the moment-by-moment noise. Investors sometimes get caught up in the noise, but it's really important to step back….so Daniel Kahneman, my favourite author from Thinking Fast and Slow, wrote a book called Noise and he laid out…an example of somebody taking target practice. Bias is if every shot is up and to the ... See more
One thing that has always felt strange to me about the cryptocurrency world is the lack of attention to the client/server interface. When people talk about blockchains, they talk about distributed trust, leaderless consensus, and all the mechanics of how that works, but often gloss over the reality that clients ultimately can’t participate in those... See more