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What I took away from this was: - An incredibly grandiose claim that this would've "fixed global payments at scale" - Complaints about the "slow play" as they
by mbStavola 2y ago
What I took away from this was:
- An incredibly grandiose claim that this would've "fixed global payments at scale"
- Complaints about the "slow play" as they have to comply with regulations that everyone else in that industry also must comply with
- A reason based entirely hearsay, yet with the bold claim it was "100% a political kill"
- The Fed didn't actually say that banks can't use the technology, but rather that they aren't comfortable with it
- The actual point of the post was to promote a new crypto startup
I don't walk away convinced that the big bad government killed innovation here; if the company with a $1.5 trillion market cap pushing this project really wanted to, they would've continued pursuing it.