most people don‘t understand what an absolute mess of plumbing & wires the traditional financial system is... TradFi: 1) Company issues the shares 2) Investment banks handle the initial offering 3) Market makers provide liquidity on exchanges 4) Clearinghouses (like DTCC in the US) settle trades 5) Custodian banks hold the actual shares 6) Broker-dealers execute your trades 7) Transfer agents maintain shareholder records ...each taking a cut... Ethereum: 1) Company issues the tokens 2) Company or anyone puts them in LP 3) Anyone can trade them sometimes starting from scratch is better Ethereum gives finance a fresh start tradfi bros are catching on 🫡