4 ms·

Crypto Might Get Some Banks

• ioblomov 2y ago
  https://archive.ph/WboMc https://archive.ph/WboMc
• rkagerer 2y ago
  One of my new favorite quotes: A banking system is a superposition of fraud and genius that interposes itself between investors and entrepreneurs.
  • boppo1 2y ago
    This is pretty uncharitable as far as the fundamentals and theory of banking o. In practice the big boys have certainly earned it though.
    • usefulcat 2y ago
      Within the context of the article, it's an acknowledgement that the two primary purposes of banks are fundamentally at odds. It's not meant as a dig.
      • boppo1 2y ago
        Fair enough