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Far more times? Haha. No… crypto space did a speed run of 150years of traditional finance in under a decade. For every one example you have in traditional finan
by throwoutway 4y ago
Far more times? Haha. No… crypto space did a speed run of 150years of traditional finance in under a decade. For every one example you have in traditional finance, there’s 10 more in cryptocurrencies
- chrisco255 4y agoThings blow up quicker in crypto because it's transparent and people can withdraw billions of dollars from an exchange in a single afternoon (not possible in a trad fi bank). Tradfi has had 1000x more financial scandals than crypto. You are woefully ignorant on the subject and the scale of the crises is worse in tradfi. From Railroad Panics to Prohibition to Great Depression to Savings & Loan Crisis to the Tequila Crisis to Weimar Republic to Stagflation to Enron / Worldcom to Dotcom Bubble to Japanese Lost Decade to Great Financial Crisis to the current bubble to on and on and on. Read a history book.