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Even if blockchains/cryptocurrencies replace fiat currencies and ICOs replace IPOs on a stock exchange, little about Wall Street does will actually change. Secu
by xadhominemx 9y ago
Even if blockchains/cryptocurrencies replace fiat currencies and ICOs replace IPOs on a stock exchange, little about Wall Street does will actually change. Securitizing and aggregating securities into portfolios, lending, marketing and pricing securities, advising issuing entities, etc., the things investment bankers occupy themselves with every day, do not go away because of cryptocurrencies and ICOs.
- JumpCrisscross 9y ago> the things investment bankers occupy themselves with every day, do not go away because of cryptocurrencies and ICOs Pardon me, I was being facetious. We agree. I was responding to a comment claiming investment banks "are clearly threatened by the ICO boom" [1]. Wall Street is more likely to coöpt, as opposed to be replaced by, blockchains. [1] https://news.ycombinator.com/item?id=15790978 https://news.ycombinator.com/item?id=15790978
- xadhominemx 9y agoYour parody is very good!