3 ms·
The Wall Street guys have piled in running schemes that they are unable to do in the normal banking world because it is regulated & insured. Most of the regula
by ptmcc 4y ago
The Wall Street guys have piled in running schemes that they are unable to do in the normal banking world because it is regulated & insured.
Most of the regulations have come from centuries of banking history, which the crypto world seems to be speed-running through right now, learning the hard way.
There is plenty to criticize about the banking world, but crypto is indefensible at this point.
- gfodor 4y agoCrypto is speed running it because it is trying to get to the terminal state of finance, but regulated through software and cryptography instead of centralized governments that have a monopoly on violence. Time will tell if this is possible. Too many people seem certain it is, or isn’t. I think DeFi is insanely cool, if it manages to work.