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What it means? Depends who’s saying it - if it’s a cryptocurrency “enthusiast” (read: bitcoin bro), it’s probably to disparage all fiat and claim how much bett
by sebastien_b 4y ago
What it means?
Depends who’s saying it - if it’s a cryptocurrency “enthusiast” (read: bitcoin bro), it’s probably to disparage all fiat and claim how much better their currency is, while conveniently forgetting to mention that DeFi really means “Deregulated Finance”
- xyzzy123 4y agoIt's possible for cryptobro criticism of the fiat economy AND absolute skepticism of crypto/defi to be valid at the same time. Crypto is a self licking ice-cream cone, yep. Fiat, its management and its creation are politically compromised in complicated ways that largely benefit the wealthy, also yep.
- rnk 4y agoPlease provide citations of this? Everything on earth provides better service to the rich, including crypto. Us banks had so many disasters that at least we have working protections for deposits. Whereas crypto has no rules and is in the middle of cascading failures caused by over leveraging and paying impossible 19% interest rates to their depositors who may likely lose everything.