Am I reading this whole BAKKT thing right?
> Formed with the purpose of bringing trust, efficiency and commerce to digital assets, Bakkt seeks to develop open technology to connect existing market and merchant infrastructure to the blockchain.
Its hilarious. Bringing trust to trustless assets. Bringing efficiency to the most efficient form of money that exists. Perhaps the only thing it could bring is commerce.
Much like a lot of other malarkey I read, this just seems to be another "Dinosaurs try to build something so they can work with new technology".
Whats even more hilarious is that these things (monero, bitcoin) are *incredibly* easy to use at the personal level. Its just when you get the institutions involved that things get really complicated.
I think this is a valid take for sure.
But you know the banks are coming.
They have no choice.
Some of them will get run over by the train... and some of them might actually figure out how to get on. At the moment I give Bakkt more chance of making it (or at least being a good player) than Coinbase.