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If that's true, at that rate crypto will blaze past traditional finance in only a few years, and be hundreds of years ahead of traditional finance in a couple d
by notch656a 4y ago
If that's true, at that rate crypto will blaze past traditional finance in only a few years, and be hundreds of years ahead of traditional finance in a couple decades. Sounds pretty good to me.
- mym1990 4y agoBut if we really take the analogy to heart, not much has changed fundamentally with finance since 2008. There are now more regulations, which is the exact same thing that will happen to crypto after all of this has settled. Maybe it zooms past traditional finance in a couple decades...but it needs to survive the next few years first.
- HillRat 4y agoBy that logic, we should all be taking our paychecks in tulip bulbs.
- irusensei 4y agoPeople should stop mentioning that highly exaggerated cautionary hoax created by calvinists. https://www.finance-watch.org/lessons-from-history-vii-tulip-mania-and-the-bubble-propaganda-of-elites/ https://www.finance-watch.org/lessons-from-history-vii-tulip... https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/ https://www.smithsonianmag.com/history/there-never-was-real-...
- notch656a 4y agoThe logic applied by OP was that crypto will become trad-fi in a couple years and was basically rapidly moving in that direction. The extension of the logic was that at the same pace, it will quickly outpace traditional finance in innovation. You are unwittingly making the argument that traditional finance, or the future thereof, is (/ "should be") tulip bulbs. Perhaps not the worst of arguments, but probably not your intention to advocate as you have that traditional finance become tulip bulbs.
- cortesoft 4y agoSure, but the solution will end up looking just like traditional banking, only more expensive to run.