A major reason for the success and growth of crypto is that it is permissionless (i.e. unregulated) finance. This sector is extremely high-margin, full of old b

A major reason for the success and growth of crypto is that it is permissionless (i.e. unregulated) finance. This sector is extremely high-margin, full of old boys' networks, licensed monopolies / oligopolies, it's opaque, confusing, and somehow this convinces mere mortals that the basic business of finance (deposits, lending, interest) is so complex that it must be kept far away from peasants. Meanwhile the average securities and annuity peddlers are not exactly the smartest people ("but at least they are licensed!"). Crypto is blowing the whole thing up. We are witnessing frauds and scams, but also a huge amount of innovation that I believe will change finance for the better. If you like using your bank and brokerage, keep doing it. But the brave souls building and using crypto finance are doing a very bold experiment, and I say let it continue.