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LiberLion 2y ago

Despite superficially attractive phrases, eliminating the middleman is economically utopian.

The market efficiency generated by intermediaries cannot be substituted in all cases.

Look at the centralized exchanges, they will continue to exist, because they generate great liquidity in the market and ease of trading.

P2P coexists, it is necessary, but it will not be dominant.

Stop dreaming.

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counterweight 2y ago

Middlemen are not a problem. As you point out, they aggregate information and improve markets by removing friction.

The problem are oligarchic, greedy, evil and imposed-through-violence middlemen.

We must build systems that allow removing middlemen so that we can send these type to hell.

Honest and value adding middlemen will continue to exist and to make markets better.