Can you show me any tangible results of open banking? I used to work in the space and it was a shitshow of bureaucracy that never went anywhere.

Ethereum IS ALREADY an ecosystem of programmable money APIs, and it works TODAY.

Works is an interesting choice of word. https://twitter.com/qrs/status/1395784294451265536

> Smart contracts should be considered self-funded bug-bounty platforms.

You share a link to a tweet with a phot of an ATM. What is your point?

What do you think it true anti-fragility in a system? Something that is built form the ground-up in a regulatory too-big-to-fail environment, or something that starts from the wilderness, gets beaten down multiple times, yet grows back up stronger than before.

That is true antifragility.

I quoted the point. The hubris of Ethereum where software bugs result in the loss of money is just astounding. While obviously banking software can have bugs as well, the regulations make the consequences much, much less severe. With Ethereum, one bug, money is gone and you are done for. And as we learned, often the money is gone to North Korea. That's what hubris and cryptobros brought upon us: they made a funnel of savings of poor people caught in the hype tsunami to North Korea of all places.

https://web3isgoinggreat.com/

https://www.cnn.com/2022/04/14/politics/fbi-north-korea-hack...

Not sure where the idea that "hubris" is what causes these bugs that result in loss of funds. Sounds like a very subjective take.

Yes, it's costly to build an anti-fragile system. This is not a surprise to anyone.

Our current monetary system is not anti-fragile. We saw it in 2008. Because of these regulation safeguards you mention, moral hazard appeared and true safety has never been achieved.

Now to be clear, I am not saying this is the only way to build a monetary system. It's just one way.

>often the money is gone to North Korea. another flavored, subjective take. You link to one such case.

You are using multiple logical fallacies in your comment, I would re-evaluate what you actually want to discuss/learn and then respond accordingly. Currently it just seems like you are angry at something.