Private investment and capital markets
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What happens when revolutionary technology becomes so useful it disappears? When the blockchain - born from cypherpunk dreams of overthrowing banks - becomes the very infrastructure that makes banks better at being banks?
So private equity discovered blockchain, have they? The same technology that was supposed to liberate us from Wall Street is now Wall Street's favorite new toy. Listen, I've seen this movie before - we had a revolution in music, and they turned it into Spotify algorithms. We had a revolution in communication, and they turned it into surveillance capitalism. Now blockchain - the technology that promised to eliminate the middleman - is being used by the ultimate middlemen to become even better at being middlemen. You've got to laugh, haven't you? Or cry. The revolution will not be televised because it's been acquired by a private equity firm for 10x EBITDA.