Well, sort of. Crypto-- done well-- is supposed to represent banking as a SaaS. The existence of these electronic exchanges demonstrated the failure of that fun

Well, sort of. Crypto-- done well-- is supposed to represent banking as a SaaS. The existence of these electronic exchanges demonstrated the failure of that function. It just wasn't practical or even possible to transfer value without the involvement of these shady characters. After removing "banking as SaaS" from the value proposition, what was left was a bunch of hustlers running cleverly incentivized Ponzi schema. It's not even tulip bulbs. We're finding its black boxes, creative financing and yield farming as far as the eye can see.