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by conductr
8 days ago
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These kinds of apps are basically a spreadsheet. The same way anybody can whip up an adhoc spreadsheet without being a programmer, financial analyst, or anything in particular this will enable similar adhoc for many applications outside of the Excellike GUIs of the world. In many ways, this is all that’s needed to unlock a huge opportunity for individuals to build their own tools, just like they have with spreadsheets. But it also means the risk inherent in this type of paradigm is large, just like it is with spreadsheets. But, I think we shoulder the risk. Maybe we find ways to reduce it or put other governance in place. But it’s too big of a super power to ignore and be completely risk adverse. Spreadsheet errors have crashed the markets in the past but I guarantee their use has not diminished and I guarantee there and trades being made a this moment based on formula errors and the magnitude just happens to be smaller so we collectively tolerate it an accept it as part of the process. |
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