The famous open-source software theory "The Cathedral and the Bazaar" is revived.
Cathedral: Precision design, strict hierarchy, planned blueprints by top architects. Its advantage is "integration", providing a one-stop silky experience (CEX+Wallet+Chain), while its weakness is "closure", where every brick needs to pass approval.
Bazaar: Noisy, chaotic, filled with cries of vendors and fraud, but also full of vitality. Its advantage is "emergence", no one knows what the next hit product will be, but a hit product will certainly be born out of chaos.
Historically, bazaars have often been more innovative than cathedrals, but in the financial sector, people naturally crave the security of cathedrals.
Cathedral: Precision design, strict hierarchy, planned blueprints by top architects. Its advantage is "integration", providing a one-stop silky experience (CEX+Wallet+Chain), while its weakness is "closure", where every brick needs to pass approval.
Bazaar: Noisy, chaotic, filled with cries of vendors and fraud, but also full of vitality. Its advantage is "emergence", no one knows what the next hit product will be, but a hit product will certainly be born out of chaos.
Historically, bazaars have often been more innovative than cathedrals, but in the financial sector, people naturally crave the security of cathedrals.