Hi, thanks for your comments. Businesses often engage in community outreach and also community building for various PR aligned reasons. The exchange industry is very competitive and any organisation claiming to value decentralisation needs to reflect that claimed ideal over the long term. I appreciate that few may be interested in much outside of their balance sheets, but that is unfortunate and with enough grass roots momentum they may eventually find their lack of connection to their audience is their undoing!
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Oh yeah, that's true. But the main "PR aligned reason" usually is because their local or external governments in some way or another force them to cover their part of "social responsibility" with the community.
That's true also. There is too much competition in this industry, simply because it is too easy to obtain exaggerated and large monetary and financial profits from this activity without producing absolutely anything tangible and of value and living only from speculation and people's expectations. I hate to say this, but again, just as the traditional banks.
Yeah, let's continue to be naive and optimistic. And let's hope that one day some rebel with many contacts, relationships and opulence will emerge in this industry and who is truly willing to overturn this current paradigm of the financial industry.
One of the long term vision of decentralisation is to balance the playing field between individuals and larger entities, more than can otherwise be achieved. As time passes and as software improves, it becomes more and more feasible to create systems with blockchains that challenge larger organisations. It's not impossible that they may gradually find they go the way of mainstream TV shows that once dominated public perception, but which today are often outperformed by social media video profiles online.
We have perhaps got quite a journey to complete before that happens - but as times become tougher, people will gradually be forced to live smarter and to be more self reliant. While this is in some senses the opposite of what large financial corporations often want, they may need to respond to it anyway.
I am old enough to remember life before crypto - it might not seem like a huge paradigm shift has been building since then, but in many ways it is.
As already said before, let's hope that one day some heretical rebel with many contacts, relationships, opulence and popular support will emerge in this industry and who is truly willing to overturn the current paradigm that the financial industry is showing today.
Yeah, in many ways it is. But there are some of us who are already way too old, that I'm afraid we will no longer be present to celebrate the crystallization of that huge paradigm shift. };)
Well, there are many possible avenues for significant change of that kind - in fact it seems more likely to me that we will see this emerge in some of the 'poorer' parts of the world as a result of their need to survive/thrive and the limited array of other options available to them due to the biases of the existing mainstream economic systems.
I don't know exactly how long you plan on sticking around on Earth, but I will remind you that change is the only constant :)