Blockchains only succeed if they become the settlement system for all the world's money Nikhil from Predicate on why blockchains have to become a global financial settlement system to matter "For blockchains to really become successful, they have to function as a global financial settlement system. All the money, all the energy we put into it only really materializes if we shift legacy financial systems over into blockchain-based systems" "That also means financial activity is going to originate from regulated financial organizations, and by users that operate in regulated markets. All of us live in regulated markets" "At the time, that was not possible at all, we really aren't ready to onboard capital at large scale, we aren't ready to onboard real users into real financial activity"