Tomasz Tunguz · @tomasztunguz

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Financial Reboot Opinion

From x.com/ttunguz

I see the coming shift as the biggest financial reboot since joint‑stock companies, where the world’s wealth—dollars, bonds, stocks, derivatives, you name it—will be transmuted into smart contracts on blockchains.

the world's wealth--dollars, bonds, stocks, derivatives, you name it--is all getting transmuted into smart contracts on blockchains

This isn't memecoin bullshit or monkey JPEGs.

Your personal financial app's backend will be a blockchain; you'll earn yield or invest via assets that exist on a blockchain

the biggest institutions in the world will slosh around value on blockchains