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I think that a healthy financial system does not need innovations beyond technological advances in operations and security. Anything else is happening at the ex

by lr1970 4y ago

I think that a healthy financial system does not need innovations beyond technological advances in operations and security. Anything else is happening at the expense of the economy at large. Banking (especially depository) should be boring as it used to be in the past.

1vuio0pswjnm7 4y ago
"Innovation" == obfuscation Increased (and arguably unneccessary) complexity that hides simple truths. For example, SBF and his colleagues were committing fraud. Whether this added complexity is intentional is left as question for the reader. Regardless, obfuscation has its benefits. Arguably same critique can be applied to software.