Space Cadet on Nostr: A decentralised store of value is not enough. Developed capital markets perform other ...

A decentralised store of value is not enough. Developed capital markets perform other functions as well, like lending (“inter-temporal consumption”), which requires the aggregation of funds from small savers, risk-sharing, separation of ownership & management etc. BTC might open the door for new entrants into financial markets once again, but complementary services that underpin modern capital markets will need to be built as well. One might be decentralised credit scores (perhaps credit scores for public keys to open the door for anonymisation) etc.
A decentralised currency for the vox populi is a crucial and fundamental first step, but capital markets are multivariate machines.