3 ms·
> We have financial systems that are certifiably broken, there are countless ideas about how to fix them You can trace back almost everything that is broken in
by olalonde 3y ago
> We have financial systems that are certifiably broken, there are countless ideas about how to fix them
You can trace back almost everything that is broken in financial systems to government regulations. It's not a technical problem. The only technical solution is to build a decentralized system that is difficult to regulate (aka Bitcoin). Its "economic objective" is to replace those traditional systems.
- mrguyorama 3y agoAh yes, not like we have tried to deregulate finance in any way and had three "once in a generation" economic events in 20 years. Maybe, just maybe, the damn actor from california didn't know much about economics? Nah, obviously fintech just wasn't free enough to explore weird money games!