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I don't disagree, for the most part. Part of the "fun" of crypto and de-fi is getting to re-invent financial engineering concepts that have been regulated into
by brendoelfrendo 5y ago
I don't disagree, for the most part. Part of the "fun" of crypto and de-fi is getting to re-invent financial engineering concepts that have been regulated into non-existence by the traditional financial system.
I just don't see a space for everyone to be happy: if we want crypto to be currency 2.0, it needs to be as unfun as possible, and then you get back to regular banking. If we want crypto to be fun, then we're never going to escape this cycle of "hype and fomo sees people chasing the next coin" to "lots of money went poof" and "someone got rich by making someone else poor."
- jollybean 5y agoExactly yes. There might be a little bit of a happy place, above where the boring banks hold on to their systematic control of the system, but a little below where crypto is now with some regulation. But I feel by the time crypto is useful, that will mostly have converged and 'regular fintech' will provide most of the opportunity.