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I've always liked this analogy because it accidentally implies something I believe to be true - the crypto industry will eventually overtake transitional financ
by roenxi 1y ago
I've always liked this analogy because it accidentally implies something I believe to be true - the crypto industry will eventually overtake transitional finance while moving at great speed. It says a lot about how bad the traditional finance industry is that this is the easiest path forward that the market found.
- 2muchcoffeeman 1y agoYou assume it won’t just hit the same problems and stall or that traditional finance won’t learn and comes up with its own solutions.
- labster 1y agoBad money drives out good money, which explains why crypto is moving so fast.
- bondarchuk 1y ago"Bad money drives out good" because when they have both, people will prefer paying (getting rid of) the bad while keeping the good for themselves. That has nothing to do with what's happening with cryptocurrency.
- Kbelicius 1y ago> I've always liked this analogy because it accidentally implies something I believe to be true - the crypto industry will eventually overtake transitional finance while moving at great speed. It isn't implying that. It is implying that it will end up at the same place as the traditional finance. > It says a lot about how bad the traditional finance What is so bad about traditional finance that crypto fixes?