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This psychology is totally understandable. My bank wouldn't even help with notarizing documents, even though I have been their customer for more than a decade n
by akudha 5y ago
This psychology is totally understandable. My bank wouldn't even help with notarizing documents, even though I have been their customer for more than a decade now. Meanwhile banks launder drug money happily in the billions, and nothing happens to them (other than some tiny fines, which are a joke). They act as they please. My dad worked for a bank all his life - he did a lot of good things through his job, because he was allowed to. The landscape is a lot different today.
The sad part is that much of crypto is owned by a very small number of whales, who can and do manipulate the market at will.
I really, really hope DeFi or something similar comes up to at minimum challenge the traditional finance institutions. This is very early stage, a decade or two from now, things might look different, hopefully better. There are lots of super smart people working in the space, even if 5% of them succeed, it might bring out some meaningful change