Peer to Peer Benefits

Shorter post, Comcast was down and I do not know when it may crash again. The biggest threat to all establishment institutions today is eliminating the middle man. And yes of course, I know what you are saying, "But everything has a middle man!" Let's look at some of those below:

1. Student Loans

2. Social Media

3. Stock Trading

4. Shopping at a retail store

5. Restaurants

When looking at this, everything has a middle man. It's true, there is always someone handling the transaction on your behalf. But not all middle men are the same. Does Uber really feel the same vs buying a stock on Robinhood vs getting a license from the government? (hint: one of these is an outlier). The key is how simple you make it seem. Uber makes you enter the payment, add a few personal traits, and you are off. Robinhood has brought mobile trading to 16 year old's with a Venmo account. But the DMV? Nightmare experience dealing with the process. 

This is why crypto is dangerous and all other P2P concepts are as well. P2P (while not completely "P2P" since you need a platform) is the future that can dismantle the big institutions. The ease at which two users can connect is what we think of as "P2P" and it is coming for everyone. The sooner, the better.


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