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Only the extremists believe that crypto will take over all financial transactions ever. Instead, most reasonable crypto supporters believe that crypto will be
by stale2002 7y ago
Only the extremists believe that crypto will take over all financial transactions ever.
Instead, most reasonable crypto supporters believe that crypto will be helpful for certain usecases, while the existing financial system will be useful for different usecases, and they will both survive together.
These extremist arguments would be like if people were to argue, back in the day, that PayPal was going to get rid of all banks.
That obviously didn't happen, but few people would say that PayPal has "failed". It is definitely still useful for many things.
- nullc 7y agoThe whole either/or is a false dichotomy for another reason as well: Established actors in financial services will adopt Bitcoin as demand exists for it.