4 ms·
Might not be the best place to ask. The commitment here to the legacy banking system is titanic.
by codehalo 4y ago
Might not be the best place to ask. The commitment here to the legacy banking system is titanic.
- weego 4y agoI didn't realise the feature set of crypto currencies had superceeded that of banking systems.
- 39 4y agoWhy would it need to?
- svachalek 4y agoBanking systems need on average 10-15 years to crumble under the weight of their own corruption. Crypto can do it in 4, which seems like a fairly dramatic improvement in efficiency.
- codehalo 4y agoIn the case of crypto, you might be confusing crumbling with weeding out. The long lived scams from traditional finance have a shorter shelf life there.
- lordfrito 4y agoWait... failing quickly (and more often) is a good thing?? This is the future of finance? Move fast and break things, indeed. I'll take long term stability. At least the customers/depositors in SVB are being made whole. Investors are screwed. Crypto is pretty much the opposite, just a bunch of rugpulls and missing money, customers screwed
- throwawayapples 4y agoTook me a second, but rofl -- comment of the day (even if I disagree)
- pjkundert 4y agoTitanic…
- eCa 4y agoAn unfortunate metaphor. Judging from the first sentence I assume it’s pre-iceberg-Titanic we’re talking about.
- deleted 4y ago[deleted]