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IMHO, The financial innovation is not happening in the tradfi space. No charge checking accounts, yawn. Tradfi is barely struggling to keep up with a rapidly i
by rfd4sgmk8u 5y ago
IMHO, The financial innovation is not happening in the tradfi space. No charge checking accounts, yawn.
Tradfi is barely struggling to keep up with a rapidly inflating fiat. The tiny interest being paid is no incentive to keep funds with the traditional banks. We don't need banks to hold that dirty fiat, we need digital, tradable, state-intervention and censorship resistant assets we can custody and try hold on to some value.
- deleted 5y ago[deleted]
- delaaxe 5y agoThe fact that the author doesn't seem aware that in the future all of money will live on public immutable networks makes me think he's either out of touch or we're still really early.
- rfd4sgmk8u 5y agoYes, we are still early. patio11 is very aware of cryptocurrency, he has rejected it for as long as he has known about it.
- deleted 5y ago[deleted]
- vorpalhex 5y agoI mean, confidence counts for something but probably insufficient to predict the future. Considering $130M just walked off a defi lender today and there is no recovery possible, I'd say you have a while to go.
- delaaxe 5y agoWhen you think about this too much it starts to seem inevitable, but I agree those types of predictions can be off by multiple decades