The more i see the inner workings of TradFi the more obvious it becomes that crypto is going to eat wall street TradFi is a kluge mess. Mass inefficiency. It takes 100 people to do something 1 person can accomplish onchain. We can replace 90% of tradfi with: - blockchains (asset ledgers) - smart contracts (legal docs) - AI LLMs (lawyers) You should be able to prompt ChatGPT to spin up a company with cap tables and restricted shares and take it onchain public in 10 mins, access global capital markets with full transparency and automated SEC filings. TradFi would charge $10s of millions for this. On crypto you can do it for 1,000. The only thing holding this back is an entrenched industry and stone age regulations. The spirit of the regulation is fine - they just need at 21st century update - we wrote these things in the 1930s and 1940 before the stapler was invented. The entrenched players will adapt or die. People who say crypto UX is bad have never done anything hard in TradFi. The bare metal of tradfi is paperwork and mainframes and offices full of people doing odd analog tasks by telephone and letters. I've never been more certain Crypto will eat TradFi.(RYAN SΞAN ADAMS - rsa.eth 🦄)