Former central banker Mark Carney drops an interesting take in his latest piece: the post-cold-war framework? Turns out it's way more fragile than we thought. His solution isn't some grand multilateral treaty—instead, he's seeing a messier reality unfold. Think flexible partnerships, case-by-case collaboration, a patchwork of deals rather than one-size-fits-all institutions. The old playbook's being rewritten in real-time, and the new version looks a lot less centralized. Makes you wonder how this shift ripples into digital assets and decentralized systems—maybe we're watching traditional finance and Web3 converge on similar principles without even realizing it.

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SignatureLiquidatorvip
· 5h ago
Damn, Carney really hit the nail on the head with that comment. The logic behind fragmented protocols is exactly what on-chain governance has been doing for a long time, right? CeFi is only now realizing the need for decentralization, but Web3 has been doing this from the start.
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DegenTherapistvip
· 12-04 22:00
Centralization is dying, decentralization is thriving... This guy Carney has finally seen it clearly—traditional finance just doesn't work anymore.
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SerumDegenvip
· 12-04 21:59
lmao carney finally admitting the whole system's basically held together by duct tape and prayers... patchwork deals = controlled cascade waiting to happen. what's wild is trad finance watching defi stumble into the same "decentralized resilience" play they're desperately pivoting toward. they're all liquidating the old model in real-time and nobody even realizes it's already happening on-chain.
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LayoffMinervip
· 12-04 21:55
Fragmented protocols replacing centralized frameworks—this logic has the same flavor as the evolution of on-chain governance.
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AlwaysMissingTopsvip
· 12-04 21:52
Carney really hit the nail on the head—centralized things are inherently fragile.
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ColdWalletGuardianvip
· 12-04 21:44
To put it simply, the centralized approach is no longer sustainable; breaking up and restructuring is the way out.
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