4 ms·
Usually it's the government bailing out financial companies? Breath of fresh air.
by dubswithus 4y ago
Usually it's the government bailing out financial companies? Breath of fresh air.
- JumpCrisscross 4y ago> Usually it's the government bailing out financial companies? Looks like crypto is crossing through free banking into late 19th [1] / early 20th century [2]. [1] https://en.wikipedia.org/wiki/Panic_of_1893#Effects https://en.wikipedia.org/wiki/Panic_of_1893#Effects [2] https://en.wikipedia.org/wiki/Panic_of_1907#J._P._Morgan https://en.wikipedia.org/wiki/Panic_of_1907#J._P._Morgan
- anders_p 4y agoHah, yeah. Can't remember where, but I read some comment that said: "The crypto community's re-inventing modern banking, repeating every mistake along the way, and learning all the same lessons".
- genocidicbunny 4y agoThe description I subscribe to is that the crypto community is doing a completionist speedrun of 19th/20th century banking.
- rekttrader 4y agoIn 6 years they’ve done the first 40 years of fuckups. By 2032 we’ll be doing totally new sorts of banking.