I see the World is Going to the Way that no Middle men anymore!
Like decentralized banking the New era of living.
Like uber and Even mobile apps where u can hire someone for the Job or u can get job anytime When u Want....
But the question is :
What about Middle - men?
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed?
Do you think life without middle men Will be better?
Decentralized banking is not achievable because it's too broad. One can only decentralize a particular activity or function of the traditional banking.
Some blockchain functions are not fully decentralized. Less we do be able to call back lost transactions. In a situation where you discovered that you have sent cryptocurrency to a wrong address, you do retrieve the transaction so far you are the one who initiated it.
So talking about decentralized banking seems deceptive or unachievable.
Getting rid of middle men will surely increase unemployment, but will it be possible to totally get rid of them? Due to the fact that blockchain Technology itself is not fully decentralized.