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As someone who works in finance and sees the messiness, my takeaway is the exact opposite: the bad tech is evidence that the maintenance of the monetary system
by pgwhalen 5y ago
As someone who works in finance and sees the messiness, my takeaway is the exact opposite: the bad tech is evidence that the maintenance of the monetary system is largely not a tech concern, it’s an institutional and societal trust concern. And that’s why banks are actually pretty decent at it.
I’m not saying there aren’t major improvements to be made in fintech, but I think by and large crypto is trying to improve parts of finance that are not actually improved by technology.