1. I'm not getting notifications of your replies for some reason (so if I reply late, that's why).
2. DeFi and Custodial exchanges are two completely opposite things, so you cannot list them to make your point. It just doesn't make sense if you say that.
3. Custodial exchanges might as well be classified as "banking system".
4. That leaves "DeFi". DeFi is not a reinvention of what I mean by "banking system", although you're right, it does reinvent some traditional finance concepts on the blockchain. Let's say that hopefully defi will be "banking system - the good parts", e.g. the ability to trade assets in a decentralized way - e.g. decentralized exchanges, a very good/necessary thing and very much needed and very much not what I mean by "banking system".
@ntnsndr And all of that is specific to #defi. When I said "banking system", I was referring to something else:
- The way money is created in the traditional financial system - The way money is held in the traditional financial system - The way money is sent from one entity to a different entity in the traditional financial system
The way all of this is done can be replaced with something else that is more modern, more private, more faster, more direct, and has far less red tape to deal with.
@feld There is not a living being there. When you communicate with a real person online, you are (presumably) communicating with a living being. LLMs are not living beings. They are a collection of weights, trained by a living entity, used to predict the next word based on that training. There is no life in them, just an echo of a former life. Advanced copy/paste. LLMs and transformers are not a living person - they are a shadow of the output of living persons.
@feld I see you avoided answering my question, but continued to use words and phrases like "fool our primitive brains" and "real enough", suggesting that you understand that there is in fact a difference between something that is real and something that is imagined.
Sadistic warmonger Zionists pedophiles lied about 911 to create a war with Iraq. These child murdering pathological liars spread deception over Jewish-supremacist owned media and spent 6 Trillion dollars for Israel's war.