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This is an Interesting analysis of complex emergent financial engineering in crypto. I can nitpick the details, but I 100% Agree w/ his point: the open systems we see in crypto world, which are decentralized and interoperable from day 1, provide an unprecedented staging ground >
>> for the emergence of extremely powerful systems . (Financial and otherwise.) The old world is messy and non-interoperable, and so the building-space is severely limited by all kinds of stakeholder barriers and friction. >>
>> In crypto space, on the other hand, building blocks can be composed like lego pieces, allowing an exploration of an exponentially-larger design space. The variety, complexity and strengths of constructs we're going to see in crypto space is breathtaking.
