Frederik Gregaard, CEO of the Cardano Foundation, believes that a blockchain infrastructure for capital markets would make controversial top-down interventions unnecessary.
The recent GameStop saga 7 — a financial spectacle that was a good deal more contradictory 4 than a straight-up “David vs. Goliath” tale of Redditor retail investors 15 vs. predatory hedge funds — has sparked numerous blockchain commentators to step in to try to redirect attention to their bet 5 on a future overhaul of the financial sector.
Frederik Gregaard, CEO of the Cardano Foundation, is attempting to shift the conversation away 2 from heated arguments over the balance of forces, rules of the game 1, or legitimate tactics in the recent showdown between the little guys, the hedge funders, intermediaries, Robinhood and regulators.
Some participants in the meme-stock frenzy saw themselves as quasi-i 15nsurgents, trolling the system using its own tools. While many have criticized their strategy and narrative on political grounds, Gregaard focuses instead on technology, transparency and rationalization as the answer to the system’s ills. His take attempts both to appeal to the popular cynicism and cunning that was expressed by the redditors, and to the self-interest of institutional and systemic actors themselves. [url=http://The recent GameStop saga 7 — a financial spectacle that was a good deal more contradictory 4 than a straight-up “David vs. Goliath” tale of Redditor retail investors 15 vs. predatory hedge funds — has sparked numerous blockchain commentators to step in to try to redirect attention to their bet 5 on a future overhaul of the financial sector.
Frederik Gregaard, CEO of the Cardano Foundation, is attempting to shift the conversation away 2 from heated arguments over the balance of forces, rules of the game 1, or legitimate tactics in the recent showdown between the little guys, the hedge funders, intermediaries, Robinhood and regulators.
Some participants in the meme-stock frenzy saw themselves as quasi-i 15nsurgents, trolling the system using its own tools. While many have criticized their strategy and narrative on political grounds, Gregaard focuses instead on technology, transparency and rationalization as the answer to the system’s ills. His take attempts both to appeal to the popular cynicism and cunning that was expressed by the redditors, and to the self-interest of institutional and systemic actors themselves.
Source Link= https://cointelegraph.com/news/cardano-foundation-ceo-says-blockchain-could-prevent-gme-type-showdowns/amp#aoh=16151826693414&csi=1&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s
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Topic: Cardano Foundation CEO says blockchain could prevent GME-type showdowns. (Read 766 times)