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> > Can anyone name an application besides those two things that traditional finance doesn't handle better? People who want to subtract themselves to what Cent
by JumpinJack_Cash 2y ago
> > Can anyone name an application besides those two things that traditional finance doesn't handle better?
People who want to subtract themselves to what Central Bankers (who are de-facto unelected Sovreigns) are doing have no other option if not for crypto and gold.
In general what you say about scams and money laundering could also be concomitant...how do you think Goldman Sachs and JPMorgan arrived to be the companies they are today? They were pulling so many scams and laundring especially during the 1880-2011 period. And quite frankly also after the touted post GFC regulations they keep laundering and breaking laws (Credit Suisse, Wells Fargo, JPMorgan etc, they all had a major multi billion dollar scandal or more in the aftermath of the GFC)
People aren't stupid, they can see how nowadays Central Banks, Governments, big Commercial Banks, big tech are all about stability AKA the winners realize that they won and want to prevent other spins at the roulette, actually ideally they want to close all the tables in the Casino so they'd be the perpetual winners from now on.
If you zoom out and see the picture from 30.000ft you might guess how some scams and laundering option for the common person isn't the worst thing that can happen when the powers that be want to freeze everything in place and sit on their winnings (while also continuing to break the law , scamming and laundering money)