The emerging decentralized finance ecosystem (DeFi) seems to share many features with the rise of corporations and stock exchanges in the 17th and 18th centuries.
Back then, the joint stock company was a phenomenal financial innovation, a new way to pool and coordinate human work for the fulfillment of projects that were unaffordable by individual investors. It enabled entrepreneurs to raise funds from the public and small investors to profit from the gains of such ventures.
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Interesting paralel to London Exchange baby steps
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