To be honest, mixed feelings on this.
For sure, we're going to see tremendous changes in how banking and finance will be transacted... just like PayPal represented "major change" when it came about and became a household concept.
But I also thing we'll find ourselves in the middle of a subtle movement towards something I might describe as "centralization that LOOKS decentralized." Around here we're all very educated and cutting edge... as are the 3-5% of the population who vote Libertarian or Independent in every Presidential election, and yet we still are stuck with a two-party system, even after decades of declarations that "the two party system has to end!"
The problem is that actually moving the opinions and habits of the broader populace is about as slow and cumbersome as watching turtles swimming in honey. And "centralization" has taught the sheeple to expect :log in the Facebook" ease-of-access, and the decentralized world can't offer that right now.
I remember my own hesitance and skepticism in even joining St€€mit... why the HELL do I need four passwords, and why the HELL do I have to spend several hours sending these tokens through a circuitous route just to end up with $12 to buy a pizza??? And I'm pretty persistant.
All I'm saying is, this is going to be a long hard slog.
But hey, it's part of my gig to play "Devil's Advocate!"
=^..^=
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Actually I think you are going to find the exact opposite.
Decentralized that looks centralized
This will be done through front ends that look like what people are accustomed to yet are actually tied to a blockchain. The users will not even be aware they are operating on a blockchain nor will they care. They will use the front end for the services needed and be done with it. Where the data resides will not be paramount.
It is like the company mentioned in here. If one deposits money, they get interest. Do they care that the money comes from receivables that are housed in a smart contract? Do they even know?
As long as they are getting their 3%, to them it is just another bank deposit.
Posted Using LeoFinance Beta