$COIN
Coinbase Institutional’s official account reposted an interview video and has been touting all day how they’re “disrupting traditional finance.” But then @johnjdagostino called it out clearly: crypto infrastructure will not actually replace the TradFi rails. At most, legacy financial giants will use it as a low-level plumbing for their own clearing back-end.
In plain terms, it’s using blockchain as an efficient tool—stop fantasizing about some grassroots uprising taking down big sharks. Whether traditional institutions will truly move their core business onto the chain to run it will depend on whether these giants, down the line, can lower their pride and fully connect the underlying infrastructure.
$COIN
Coinbase Institutional’s official account reposted an interview video and has been touting all day how they’re “disrupting traditional finance.” But then @johnjdagostino called it out clearly: crypto infrastructure will not actually replace the TradFi rails. At most, legacy financial giants will use it as a low-level plumbing for their own clearing back-end.
In plain terms, it’s using blockchain as an efficient tool—stop fantasizing about some grassroots uprising taking down big sharks. Whether traditional institutions will truly move their core business onto the chain to run it will depend on whether these giants, down the line, can lower their pride and fully connect the underlying infrastructure.
$COIN
