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So what is the downside of crypto? All the furor seems to be about how the whale's funds were seized. But there is no evidence to the contrary that this won't h
by melony 4y ago
So what is the downside of crypto? All the furor seems to be about how the whale's funds were seized. But there is no evidence to the contrary that this won't happen in day to day Wall Street banking.
From patio11's
> When we say “crypto is speedrunning learning what finance already knows” sometimes it is about attacks but sometimes it is about quotidian topics like “Can you adversarially blow your clients out of trades which you think imperil your firm or other clients?”
Answer in traditional finance by the way: yes you absolutely can. Your lawyers have long since thought of that and put that language in your contracts, making it very explicit that if you trigger it you don’t need a vote on Discord to do so.
There is nothing that proves that traditional finance is any better than crypto. Though I do not recall the British government arresting Soros when he broke the pound.
- threeseed 4y ago> So what is the downside of crypto? * Ordinary people being financially ruined along the journey. * Environment being harmed by pointless mining. * Investment money being wasted on companies that are simply cloning TradFi.
- SgtBastard 4y ago>So what’s the downside of crypto? Ecologic vandalism, for one.
- timeon 4y agoYou are right, crypto is pointless then.