TradFi is making a strong entry into the on-chain space. Tokenization of stocks is here, and the wave of RWA (real-world assets) is also on its way.
Sounds great? Don't rush to celebrate.
Now I have to ask a heart-wrenching question: Are the Layer 1 and Layer 2 solutions we are using truly decentralized enough? Let's not end up with banks turning the crypto world into a "permissioned" version of Web3 2.0. That would be awkward.
Bitcoin and Ethereum, these two are the real moats. The underlying technology is solid, and the consensus is strong.
So which side are you on? Embrace integration or keep your distance?
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HashRateHermit
· 11-27 13:44
The banks are actually accelerating their own demise, how optimistic.
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Wait, can RWA really save the market? Don't be ridiculous, in the end, it's still their game rules.
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Moat? Laughable, now even the moat is being eroded.
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I just want to ask, is Layer2 really decentralized? It still feels like a chessboard for big capital.
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Embracing integration = being boiled like a frog in warm water, I choose to keep my distance.
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Sounds just like the internet finance tricks from back in the day, just an upgraded version of the tricks.
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Bitcoin is Bitcoin, don't mix it up with that RWA stuff.
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SnapshotStriker
· 11-27 04:31
When banks enter the market, we must be cautious. To put it bluntly, they still want to Be Played for Suckers; it's just a change of facade.
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AlwaysMissingTops
· 11-25 19:53
Once the banks enter the scene, decentralization is completely compromised.
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AirdropHunterXM
· 11-25 05:55
Getting on board with the bank is a double-edged sword; we need to be careful once the Fed takes action.
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AlgoAlchemist
· 11-25 05:52
With banks coming in, it's even more important to hold on tight to BTC—this is the real insurance.
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SchrodingerAirdrop
· 11-25 05:50
Getting on board with banks is indeed great, but can we really trust that they won't come up with a "licensed encryption"? Laughing to death, in the end, won't we still have to do KYC?
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EthSandwichHero
· 11-25 05:50
Here we go again, banks entering the market = we are doomed, can't we change this logic a bit?
RWA is indeed great, but there are really not many truly decentralized things, isn't it ironic?
BTC and ETH are indeed solid, but we also need to survive, right?
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YieldHunter
· 11-25 05:39
nah honestly, if you look at the data on tvl migrations, most of these "rwa solutions" are just centralized databases with blockchain theater. technically speaking, the correlation between institutional adoption and actual decentralization has been negative for months now. degens out here celebrating tokenized stocks while missing the impermanent loss happening to the entire value proposition lol
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DefiPlaybook
· 11-25 05:36
According to on-chain data, the current TVL growth rate of the RWA zone has indeed reached 127%, but the hidden centralization risks behind this are worth being vigilant about.
The large-scale entry of TradFi is essentially to tame our system with KYC and compliance. By then, true decentralization will only remain in the small plot of Bitcoin, while everything else will degenerate into "permissioned blockchains", which is quite ironic.
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MetaverseLandlady
· 11-25 05:31
Wake up, this is just TradFi in a different guise.
The day the banks entered the scene was destined; RWA is ultimately still their game.
Centralization has long won; we are just deceiving ourselves.
What are we embracing? It's still a fate of being played people for suckers.
This time we really need to protect Bitcoin; stop fantasizing, brother.
TradFi is making a strong entry into the on-chain space. Tokenization of stocks is here, and the wave of RWA (real-world assets) is also on its way.
Sounds great? Don't rush to celebrate.
Now I have to ask a heart-wrenching question: Are the Layer 1 and Layer 2 solutions we are using truly decentralized enough? Let's not end up with banks turning the crypto world into a "permissioned" version of Web3 2.0. That would be awkward.
Bitcoin and Ethereum, these two are the real moats. The underlying technology is solid, and the consensus is strong.
So which side are you on? Embrace integration or keep your distance?