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there has been some attempts to secure real assets via blockchain. but it is much harder to do. Here is a defi loan secured by real estate and other assets: https://www.coindesk.com/business/2021/09/30/societe-generale-applies-for-20m-makerdao-loan-using-bond-token-collateral/ Again, we lose...

I mean, there isn't an objective measure, but check this out: https://dune.xyz/browse/dashboards https://dune.xyz/hagaetc/maker-dao---mcd the second is MakerDAO, which is one of the biggest loan providers. here is one with defi in general...

i mean u.s government gives tax advantages and other stuff so that people can buy homes with cheap credit. the loan is collaterized by the house, (hence the govt subsidizes leveraged long positions on real estate assets)

yes i agree, but i would say blockchains are still much more transparent.

i think its a safe assumption, given that you can be rewarded by finding risk that the market doesn't price correctly.

yes and only kind of related, mortgages and housing in general is just a massive ponzi. Gov funds huge levered long on asset that should be cheap. i hope mortgages never come to defi.

yes, they ignored the rating agencies and tried to go to directly to source data. they still didn't know the extent of the liabilites, just that something was really fucked with the market and that things were very very wrong.

because the true extent of the liabilities would have been much more known, we would know who held bad assets and who didn't. unknown systematic risk = panic

Also the rating agencies failed to determine risk. I'm not sure an algo would have done a better job but the rating agency leds us blind off a cliff.

i mean i dont know for sure, but I think it wouldn't have gotten so out of control and caused so much fear.

no, many CDO's and synthetic CDO's were made between private parties, the information was much much harder to get. Now anyone with a network connection and some code can in principle read the liabilities off of the blockchain. Plus, you can also create dashboards to update the data in real time.

how should i say this, if the db was public, and any changes to the db were only "valid" changes i.e conforming to some predetermined rules, then we could have avoided 2008. computational integrity corresponds to the second.

I agree its not as legible, that is to say not easy for the layman to understand whats going on. but anyone could learn some basics of how it works and figure it out.

also this is wrong now that i think about it. me and stan discussed this on discord but only rents tends towards zero, there are expansive fees/ cost necessary for the service that do not approach zero. so in uniswaps case, the cost is the fees given to liquidity providers. these do not approach...

there are ways of achieving computational integrity without public auditable db (zero knowledge proofs) but the point is that the combination of both would mean liabilities are transparent and are handled in an automated fashion.

not really, the quote i think conflates public data layer and computational integrity. if the adding and subtracting of balances can be shown to be consistent with the state of the db before, i.e a valid state transition we have computational integrity.

Also its not just about doing something its about looking like you are doing something.

lmfao. but i have to wonder, how representative is the media of the public opinion? does the public by and large buy the narrative? i guess its useless to pontificate.

Has there ever been this scale of sanctions vs a "developed" country before? I mean you obviously have the world wars and the cold war, but it seems like every company has cut off their services to Russia. Ofc they have their native grown networks and stuff but still.

the russian public.