The bad news is that in the case of the former, there is an unknown risk that machines could injure the human race .The good news is that ethereal new worlds – Web3 and Defi , whose architects had boldly proclaimed were independent of the ‘old’ system, now look like they will be adjuncts to it.
Much the same is true of decentralized finance, which has so far failed to rival in the incumbent financial system, but where its most useful elements such as digital asset infrastructure, are being adopted by incumbent financial system players. In some cases, cheap money and – good design/branding – allows new technology led companies to grab market share, to build new supply chains and to generally make consumer life easier . What cheap money also does is allow investors and the wider commercial marketplace to believe that ‘new commercial worlds’ can be created and will have corresponding commercial potential as the human world. The tide is going out on this idea.