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So they are doing banking, lending deposits at interest, without any regulation or oversight. I think we know from history how that story ends.
by lebuffon 5y ago
So they are doing banking, lending deposits at interest, without any regulation or oversight.
I think we know from history how that story ends.
- rossdavidh 5y agoNot uncommonly, what looks like a shortcoming of existing systems to an innovator, is actually an important feature that you will suffer from the absence of. Sometimes cryptocurrencies seem like they're recapitulating the history of money and banking, without having learned any of the lessons from it.