Not that I don’t think there’s amazing things that can be built easier, but designing and building a product is more than writing the code. Look at where you spent effort for your own examples. There’s a skill there which goes further than just reverse engineering an existing solution, and that skill is obviously of value to Meta. People were going crazy for the price they paid for instagram some years ago I remember.
I am romantic, I would actually love to move into a house that carries the mannerisms, tics, and aesthetic of the previous inhabitants like a permanent ghost, and add mine on top. It feels like a world that was and will be without me, where I struggle to leave a trace by respecting and appreciating the traces of others. When I saw some minor graffiti from a child in the wardrobe of a house I rented, I loved it.
They are so custom anyway that auditors need to audit them. Auditor familiarity is a point though. Audit is almost never about numbers, that’s the easy part, it’s about controls. Numbers will almost always come out right, the challenge is how they come in.
Arguably if you consciously choose to invest on a stock there should be no protection or obstacle other than regulated controls. For indices I see the point of extra protection. Where it gets murky is when you look at retirement funds, where you still have no control, but that should be regulation on the funds themselves rather than the stock.
Minor benefits around clearing and settlement, but these allow for 24/7 even if the clearing house is not so. On the other hand, I don’t see how they should be able to block it. It is a derivative product, can MSFT block e.g. puts on its stock? Stock ownership gives rights, not obligations.
The other thing would be using it in any other automated whatever that accepts tokens with the same interface. Loans, escrow, trades, whatever it is that someone has built.
There's a lot of technical and other issues with blockchains, but framed as "a single shared database that allows stored procedures and shared data types, with no central owner" I'd hope devs here could see something interesting to mess about with there. If it wasn't for the fact that "a currency" is absurdly easy to make and then there was a lot of quick money to be made or lost, I think it'd be liked more as an odd shared network.
If nothing else, there's some interesting programming challenges involved given the compute limits.
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