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Crypto exchanges are more like a bank grafted onto a hedge fund that happens to also do some exchange stuff on the side.
by DebtDeflation 4y ago
Crypto exchanges are more like a bank grafted onto a hedge fund that happens to also do some exchange stuff on the side.
- oldgradstudent 4y agoRecent collapses have shown that Crypto exchanges are more like a casino grafted to a Ponzi scheme.
- pclmulqdq 4y agoWhich is remarkably similar to a bank grafted to a hedge fund.
- oldgradstudent 4y agoThere's a reason why Glass-Steagal prohibited grafting banks to hedge funds.
- hinkley 4y agoDon't underestimate the power of the veneer of legitimacy. Also you're completely wrong here. Banks aren't a ponzi scheme. That's the stock market.