holding back the banks from full use of chainlink is "regulation". aren't the regulators pretty much in the pocket of the banks? Why hasn't regulation already moved to a place where banks can just pull the trigger and do the things they intend to do with CCIP - serious question
Pee pee poo poo serious answer
Government moves slow, as does tradfi. At least in comparison to the 'move fast and break things' approach
No one will move to chainlink without testing the shit out of it and using limited scale to lower risk. It's several years until anyone gets the confidence to truly use it but when one does they all will
Da joos probably, I dunno
This is something I’ve been wondering about, CRV was viewed as super secure and then a couple months ago they got exploited. CRV had tons of defi participation for years before their exploit
wasnt that an issue wtih native ETH not crv?
I get that but it seems like there are breadcrumbs of use like the citi bank tokenization and I guess just all the testing - but it seems like they would want regulatory landscape clear just in advance. Regulatory landscape never really seemed to affect ETH's price and adulation
Probably because Eth had lionshare of usage in 2013-2017. Ico and token boom lead big price increase. Back then no one cared (from a regulatory perspective)
politics requires some time and grease and the institutions/banks were not in a rush while they work out how they want to approach things, when they feel like they are ready to scale up you will see the regulations suddenly pushed through
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