kleisli on Nostr: The financial system as we know it has been a rather closed system for ages, ...
The financial system as we know it has been a rather closed system for ages, consisting of various silos. Banks and brokerages operate permissioned ledgers
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The internet had many open aspects early on, and still does, but it largely consolidated into silos over time. Twitter, Facebook, Youtube, LinkedIn, and platforms like these are closed networks.
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Today, open monetary protocols (e.g. Bitcoin), as well as the emergence of newer open information protocols (e.g. Nostr), challenge this state of affairs and/or present alternative parallel systems for which people globally can use, explore, and build on.
https://www.lynalden.com/open-networks/
...
The internet had many open aspects early on, and still does, but it largely consolidated into silos over time. Twitter, Facebook, Youtube, LinkedIn, and platforms like these are closed networks.
...
Today, open monetary protocols (e.g. Bitcoin), as well as the emergence of newer open information protocols (e.g. Nostr), challenge this state of affairs and/or present alternative parallel systems for which people globally can use, explore, and build on.
https://www.lynalden.com/open-networks/