Decentralized systems consistently outperform centralized alternatives because of their superior relationship to knowledge: how they (1) create it, (2) protect it, (3) utilize it, and (4) institutionalize it.
Back in 2017, I was at a secondary market fund. My boss firmly rejected the cryptocurrency sub-sector, saying it was too chaotic to touch. Fast forward to last year, they jumped into the game of RWA and DAT, saying: Now the real game begins. View quoted note β
