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Oil would be a threat to a coal baron but how is cryptocurrency a threat to investment bankers? It's easy money for them if they thought it was worth anything.
by okareaman 5y ago
Oil would be a threat to a coal baron but how is cryptocurrency a threat to investment bankers? It's easy money for them if they thought it was worth anything.
- idiotsecant 5y agoThe banking system relies on inflationary currency. Some crypto is not only not inflationary (in the long run) but provably so. A world where the money supply is fixed is a very different trading environment.
- cto_of_antifa 5y agoInflation isn't a conspiracy
- hanklazard 5y agoDefi, were it more common and regulated lightly, could take a lot of business away from banks and investment banks. I’m not saying that’s likely, but it is a plausible threat in that sense.
- bb88 5y ago...Or it's the end of crypto -- hence "rat poison" https://www.wsj.com/articles/defi-is-helping-to-fuel-the-crypto-market-boomand-its-recent-volatility-11622712602 https://www.wsj.com/articles/defi-is-helping-to-fuel-the-cry...