2021.8-9、Crypto vs. Wall Street-評価4¶
作成日：2022.2.7（月）、変更日：2022.2.7（月）
基本情報¶
以下の本（英語版）を読みました。
Fortune、August/September 2021、Crypto vs. Wall Street. Global 500: The World's Largest Corporations.
ポイント¶
- P3 From Mania to Mainstream. by Brain O'Keefe, Editor in Chief, Fortune
In 2017 Fortune published a cover story "Blockchian Mania!". At this time the price of a single Bitcoin had shot past $3,000, and the total market value of all cryptocurrencies exceeded #
$135 billion. Looking back, those numbers seem quaint（可笑しい、趣のある）.
As of 2021, even after a recent selloff（売り払い）, the total value of all cryptocurrencies is some $1.5 trillion.
"A new threat to the old order has taken shape, under the cathy（注目を集める） name DeFi (Decentralized Finance). DeFi could disrupt Wall Street and the financial sector the way open-source software transformed the broader tech world. Why rely on brokerages to process trades, for instance, if you can use a purpose-built（専用の） algorithm that is faster, cheaper, and more transparent?" - by Robert Hackett, Fortune
Robert Hackett also wrote the Fortune 2017 story on blockchains. This time his article captures this new crypto moment - from the raging debate over the climate impact of crypto mining to the vast sums being raised by Wall Street.
The entire special degital issue includes the NFTy 50 (accessible after subscription) list of the most influential people in the fast-expanding world of NFTs, or non-fungible tokens - digital assets that offer a new way to buy and sell unique goods, from art to sports memorabilia（記念品）.
One of the foremost members of the NFTy 50: pplpleasr, whose real name is Emily Yang, 28-year-old.In March an NFT she created, of an animated unicorn, sold for $525,000.
Beginning Aug. 5, a limited series of NFTs based on the Fortune cover will be up for auction on peer-to-peer marketplace OpenSea.
This issue also includes the Fortune Global 500, the annual ranking of the world's largest companies by revenue.
- P5 The Conversation with Adena Friedman, CEO of Nasdaq.
Virtual IPO, meme（社会化因子） stocks（GameStop/Robinhood）, SPAC revolution
Online trading changed everything about the industry. Today we are in a new wave of accessibility and democratization. One of the most popular new investing options is Robinhood, which saw accounts soar from 7 million in 2020 to 22 million this year.
Women running stock exchanges: Adena Friedman (Nasdaq), Stacey Cunningham (President of NY Stock Exchange), Laura Cha (Chairman of HK Exchanges and Clearing)
Crypto/Coinbase
SPACs surge: 374 companies in 2021
Nasdaq just spun off its Private Market division.
Bye-bye, all-male, all-white boards
- P24-31 Crypto vs. Wall Street, DeFi: Move Fast and Bank Things.
The Crypto rebels behind "Decentralized Finance" want to remake the way the world borrows, lends, and saves. Can Wall Street keep up?
degen - degenerate（退化） gambler, comes from the zany（おどけ、滑稽な）, $1.5 trillion cryptocurrency world.
APP: PoolTogether, which project was created by Leighton Cusack two years ago. It is like a Casino and a bank as well. PoolTogether is a prime example of "Decentralized Finance".
Lending protocol: Compound. Its cofounder Robert Leshner turned over control of the project to its token holders, a move that has since become the norm for DeFi project.
For most DeFi projects, Compound's model is the norm: the fundamental unit is a DAO, or "Decentralized Autonomous Organization".
Current: a digital "challenger" bank. CEO: STUART SOPP.
Total value locked in DeFi projects: 61.9 billion, as of July 24, 2021. Major DeFi projects: Metamask, Uniswap, Sushiswap, Chainlink, Aave.
DeFi Flying Rocks using blockchain as its slingshot（弹弓）. The tech's promise has always been to make transactions less costly, more efficient, and more equitable by replacing intermediaries with a shared, instantaneously updated ledger that anyone can monitor.
Peer-to-peer leadning accounts for about half of the DeFi market in dollar value.
- P35- Forture Global 500
P-F15 Ranked by geography: China 135 companies, total revenue: 8,923,619 million; Japan 53 companies, total revenue: 2,943,126 million; US 122 companies, total revenue: 9,650,070.