There are crypto networks that does betting. The natural next thing is insurance, which can be considered a special case of betting.
The "harsh" truth might very well be, that a lot of industries that have been governed by priviliged organisations will turn into algorithmically governed DAOs.
A lot of people in the financial sector will probably loose their job, as cheaper alternatives for financial products will occur in self regulated algorithmically governed systems.
The "bitcoin is the crypto definition" view should be abandoned. And it should be understood that crypto means algoritgmically governed economies for now. Later it will be algorithmic governance.
Ie. Cryptos market cap is at least equal to the financial sector. And probably we are only scratching the surface with that statement.
There are crypto networks that does betting. The natural next thing is insurance, which can be considered a special case of betting.
The "harsh" truth might very well be, that a lot of industries that have been governed by priviliged organisations will turn into algorithmically governed DAOs.
A lot of people in the financial sector will probably loose their job, as cheaper alternatives for financial products will occur in self regulated algorithmically governed systems.
The "bitcoin is the crypto definition" view should be abandoned. And it should be understood that crypto means algoritgmically governed economies for now. Later it will be algorithmic governance.
Ie. Cryptos market cap is at least equal to the financial sector. And probably we are only scratching the surface with that statement.