▲ | sunshine-o 6 days ago | |
> why are businesses finding crypto easier/faster/better? One way to see it is today the EVM ended up being the solution to a lot of other problems. The banks are dying, their core banking is dying after 50+ years of service. There hasn't been any real investment since 2008, only minimal maintenance and cost cutting. Also generations of incompetent people at every levels created a situation with no escape. Also things like SWIFT became very irrelevant in practice. I can assure banks did not really used it for a while. When Ethereum and its EVM appeared 10 years ago a lot of people saw an opportunity to build a better "programmable money" platform but nobody really succeeded. At the same time Ethereum did not fail, improve and still secure the assets and run the smart contracts deployed in 2015. More than enough to convince the people on a sinking ship to jump on that boat. My guess is the the EVM is becoming something similar to UNIX: a loose standard almost everybody will build on. Maybe not the best but something good and flexible to jump and we need to move forward. Also the dollar urgently needed a new outlet so its on. So it is not really about "crypto" it is more about the EVM as a platform. |